Royal Bank of Scotland Group PLC Has $231,000 Stake in Verizon Communications (VZ)

Royal Bank of Scotland Group PLC lessened its position in Verizon Communications (NYSE:VZ) by 47.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,373 shares of the cell phone carrier’s stock after selling 3,990 shares during the period. Royal Bank of Scotland Group PLC’s holdings in Verizon Communications were worth $231,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Beach Investment Management LLC. bought a new stake in shares of Verizon Communications during the 2nd quarter worth about $4,320,000. QCI Asset Management Inc. NY boosted its holdings in shares of Verizon Communications by 3.1% during the 2nd quarter. QCI Asset Management Inc. NY now owns 312,897 shares of the cell phone carrier’s stock worth $13,974,000 after buying an additional 9,366 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of Verizon Communications by 5.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 57,902 shares of the cell phone carrier’s stock worth $2,586,000 after buying an additional 3,250 shares during the period. Homrich & Berg boosted its holdings in shares of Verizon Communications by 11.5% during the 2nd quarter. Homrich & Berg now owns 46,965 shares of the cell phone carrier’s stock worth $2,097,000 after buying an additional 4,848 shares during the period. Finally, Motco boosted its holdings in shares of Verizon Communications by 3.1% during the 2nd quarter. Motco now owns 84,275 shares of the cell phone carrier’s stock worth $3,764,000 after buying an additional 2,514 shares during the period. 64.04% of the stock is owned by institutional investors.

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Several analysts recently commented on VZ shares. HSBC raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, March 28th. Vetr raised shares of Verizon Communications from a “buy” rating to a “strong-buy” rating and set a $53.82 target price for the company in a report on Tuesday, March 20th. Moffett Nathanson cut shares of Verizon Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. Scotiabank upgraded shares of Verizon Communications from a “sector perform” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, January 22nd. Finally, KeyCorp lifted their price objective on shares of Verizon Communications from $50.00 to $53.00 and gave the stock a “sector weight” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $55.19.

In related 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 transaction 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 approximately $799,738.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

VZ stock opened at $48.66 on Tuesday. The company has a market cap of $197,729.47, a P/E ratio of 13.01, a P/E/G 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 quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.54.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Monday, April 9th. Verizon Communications’s dividend payout ratio is 63.10%.

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Verizon Communications Company Profile

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.

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

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