Dupont Capital Management Corp grew its holdings in Verizon Communications Inc. (NYSE:VZ) by 8.8% during the 3rd quarter, Holdings Channel reports. The firm owned 248,693 shares of the cell phone carrier’s stock after buying an additional 20,155 shares during the period. Dupont Capital Management Corp’s holdings in Verizon Communications were worth $12,308,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Verizon Communications by 2.1% during the second quarter. Vanguard Group Inc. now owns 282,894,542 shares of the cell phone carrier’s stock valued at $12,634,070,000 after buying an additional 5,837,702 shares during the period. Capital Research Global Investors lifted its stake in shares of Verizon Communications by 15.1% during the second quarter. Capital Research Global Investors now owns 153,408,016 shares of the cell phone carrier’s stock valued at $6,851,202,000 after buying an additional 20,070,391 shares during the period. FMR LLC lifted its stake in shares of Verizon Communications by 15.0% during the second quarter. FMR LLC now owns 61,833,096 shares of the cell phone carrier’s stock valued at $2,761,466,000 after buying an additional 8,077,275 shares during the period. Legal & General Group Plc lifted its stake in shares of Verizon Communications by 3.7% during the second quarter. Legal & General Group Plc now owns 23,859,220 shares of the cell phone carrier’s stock valued at $1,065,488,000 after buying an additional 848,043 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Verizon Communications by 19.9% during the second quarter. Franklin Resources Inc. now owns 21,820,729 shares of the cell phone carrier’s stock valued at $974,515,000 after buying an additional 3,623,182 shares during the period. Institutional investors and hedge funds own 63.21% of the company’s stock.

In other Verizon Communications news, EVP Craig L. Silliman sold 610 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $47.41, for a total transaction of $28,920.10. Following the transaction, the executive vice president now owns 3,269 shares of the company’s stock, valued at $154,983.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

VZ has been the topic of several recent analyst reports. Cowen reissued a “hold” rating and set a $52.00 price objective on shares of Verizon Communications in a research note on Tuesday, September 19th. Robert W. Baird reissued a “hold” rating and set a $49.00 price objective on shares of Verizon Communications in a research note on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of Verizon Communications in a research note on Wednesday, October 11th. Moffett Nathanson reissued a “buy” rating on shares of Verizon Communications in a research note on Thursday, October 12th. Finally, SunTrust Banks reissued a “hold” rating and set a $50.00 price objective on shares of Verizon Communications in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Verizon Communications currently has an average rating of “Hold” and a consensus price target of $51.98.

Verizon Communications Inc. (VZ) opened at $51.69 on Thursday. The company has a debt-to-equity ratio of 4.05, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market cap of $210,870.00, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 4.80 and a beta of 0.57. Verizon Communications Inc. has a one year low of $42.80 and a one year high of $53.69.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Thursday, October 19th. The cell phone carrier reported $0.98 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.98. The company had revenue of $31.70 billion for the quarter, compared to the consensus estimate of $31.45 billion. Verizon Communications had a net margin of 12.80% and a return on equity of 58.66%. Verizon Communications’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. equities analysts expect that Verizon Communications Inc. will post 3.77 EPS for the current 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 paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Tuesday, January 9th. Verizon Communications’s dividend payout ratio is currently 60.51%.

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Verizon Communications Profile

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.

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

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