Bath Savings Trust Co Increases Stake in Verizon Communications Inc. (VZ)
Bath Savings Trust Co grew its position in shares of Verizon Communications Inc. (NYSE:VZ) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,817 shares of the cell phone carrier’s stock after buying an additional 1,450 shares during the quarter. Bath Savings Trust Co’s holdings in Verizon Communications were worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Private Vista LLC lifted its holdings in Verizon Communications by 3,339.1% in the 2nd quarter. Private Vista LLC now owns 389,552 shares of the cell phone carrier’s stock worth $143,000 after purchasing an additional 378,225 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Verizon Communications in the 2nd quarter worth approximately $156,000. Regal Wealth Group Inc. lifted its holdings in Verizon Communications by 0.7% in the 2nd quarter. Regal Wealth Group Inc. now owns 3,682 shares of the cell phone carrier’s stock worth $164,000 after purchasing an additional 24 shares during the last quarter. Camarda Financial Advisors LLC lifted its holdings in Verizon Communications by 11.3% in the 2nd quarter. Camarda Financial Advisors LLC now owns 3,749 shares of the cell phone carrier’s stock worth $167,000 after purchasing an additional 382 shares during the last quarter. Finally, Atlantic Trust LLC lifted its holdings in Verizon Communications by 9.9% in the 2nd quarter. Atlantic Trust LLC now owns 11,164 shares of the cell phone carrier’s stock worth $170,000 after purchasing an additional 1,005 shares during the last quarter. Institutional investors and hedge funds own 63.37% of the company’s stock.
In other Verizon Communications news, EVP Craig L. Silliman sold 610 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $48.62, for a total value of $29,658.20. Following the sale, the executive vice president now directly owns 5,989 shares in the company, valued at $291,185.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 1,830 shares of company stock worth $88,609 over the last quarter. Company insiders own 0.13% of the company’s stock.
Shares of Verizon Communications Inc. (NYSE:VZ) traded up $0.33 during trading hours on Monday, reaching $52.67. The company’s stock had a trading volume of 28,935,500 shares, compared to its average volume of 15,721,498. Verizon Communications Inc. has a 52-week low of $42.80 and a 52-week high of $54.83. The company has a market capitalization of $214,762.17, a PE ratio of 14.04, a price-to-earnings-growth ratio of 4.94 and a beta of 0.57. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 4.05.
Verizon Communications (NYSE:VZ) last announced its quarterly earnings results on Thursday, October 19th. The cell phone carrier reported $0.98 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.98. Verizon Communications had a return on equity of 58.66% and a net margin of 12.80%. The firm had revenue of $31.70 billion for the quarter, compared to analysts’ expectations of $31.45 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. equities research analysts forecast that Verizon Communications Inc. will post 3.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Tuesday, January 9th. Verizon Communications’s dividend payout ratio (DPR) is 60.51%.
About Verizon Communications
Verizon Communications Inc is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States.
Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (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.