Verizon Communications (VZ) Holdings Cut by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC cut its position in Verizon Communications (NYSE:VZ) by 7.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,179 shares of the cell phone carrier’s stock after selling 2,964 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Verizon Communications were worth $1,950,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of VZ. Exane Derivatives purchased a new position in shares of Verizon Communications during the fourth quarter valued at approximately $103,000. Legacy Advisors LLC purchased a new position in shares of Verizon Communications during the third quarter valued at approximately $132,000. Shine Investment Advisory Services Inc. raised its holdings in shares of Verizon Communications by 190.9% during the third quarter. Shine Investment Advisory Services Inc. now owns 2,705 shares of the cell phone carrier’s stock valued at $134,000 after purchasing an additional 1,775 shares during the last quarter. Delphi Private Advisors LLC purchased a new position in shares of Verizon Communications during the fourth quarter valued at approximately $141,000. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of Verizon Communications during the second quarter valued at approximately $156,000. 64.00% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

Several research analysts have recently weighed in on VZ shares. KeyCorp boosted their price objective on shares of Verizon Communications from $50.00 to $53.00 and gave the company a “sector weight” rating in a report on Tuesday, January 2nd. Moffett Nathanson cut shares of Verizon Communications from a “buy” rating to a “neutral” rating in a report on Tuesday, January 16th. Scotia Howard Weill raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating in a report on Monday, January 22nd. Howard Weil raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating in a report on Monday, January 22nd. Finally, Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Verizon Communications has an average rating of “Hold” and a consensus target price of $54.24.

In other Verizon Communications news, SVP Anthony T. Skiadas sold 6,967 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $49.80, for a total value of $346,956.60. Following the completion of the transaction, the senior vice president now directly owns 16,059 shares in the company, valued at $799,738.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.

VZ opened at $47.66 on Friday. The company has a market capitalization of $197,069.00, a price-to-earnings ratio of 12.74, a PEG ratio of 1.94 and a beta of 0.64. Verizon Communications has a 1-year low of $42.80 and a 1-year high of $54.77. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.91 and a quick ratio of 0.87.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Tuesday, January 23rd. The cell phone carrier reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.02). The firm had revenue of $33.96 billion during the quarter, compared to the consensus estimate of $33.20 billion. Verizon Communications had a return on equity of 48.97% and a net margin of 23.88%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. equities research analysts anticipate that Verizon Communications will post 4.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be given a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.95%. Verizon Communications’s payout ratio is currently 63.10%.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Week Herald and is owned by of Week Herald. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://weekherald.com/2018/04/15/verizon-communications-vz-holdings-cut-by-moody-lynn-lieberson-llc.html.

About Verizon Communications

Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; multimedia, business-focused, and location-based services, as well as international travel services; and network access services to deliver various Internet of Things products and services.

Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

Receive News & Ratings for Verizon Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verizon Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply