Kaizen Advisory LLC boosted its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 139.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,364 shares of the cell phone carrier’s stock after acquiring an additional 5,448 shares during the period. Kaizen Advisory LLC’s holdings in Verizon Communications were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Earnest Partners LLC bought a new stake in shares of Verizon Communications in the 4th quarter valued at about $103,000. Wagner Wealth Management LLC bought a new stake in shares of Verizon Communications in the 4th quarter valued at about $129,000. Avestar Capital LLC bought a new stake in shares of Verizon Communications in the 4th quarter valued at about $131,000. Financial Gravity Wealth Inc. bought a new stake in shares of Verizon Communications in the 1st quarter valued at about $128,000. Finally, Rainier Group Investment Advisory LLC bought a new stake in shares of Verizon Communications in the 1st quarter valued at about $134,000. Institutional investors own 63.99% of the company’s stock.

VZ opened at $54.42 on Monday. Verizon Communications Inc. has a 12-month low of $43.97 and a 12-month high of $55.42. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 2.04. The company has a market cap of $224.64 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 1.97 and a beta of 0.69.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Tuesday, July 24th. The cell phone carrier reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. Verizon Communications had a net margin of 23.88% and a return on equity of 38.62%. The company had revenue of $32.20 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the firm posted $0.96 EPS. Verizon Communications’s revenue for the quarter was up 5.4% compared to the same quarter last year. analysts expect that Verizon Communications Inc. will post 4.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Wednesday, October 10th will be given a dividend of $0.6025 per share. The ex-dividend date of this dividend is Tuesday, October 9th. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.59. This represents a $2.41 dividend on an annualized basis and a yield of 4.43%. Verizon Communications’s dividend payout ratio (DPR) is currently 63.10%.

VZ has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Verizon Communications from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Barclays cut shares of Verizon Communications from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $56.00 to $50.00 in a research note on Tuesday, September 4th. Moffett Nathanson reiterated a “neutral” rating and issued a $56.00 target price on shares of Verizon Communications in a research note on Tuesday, September 4th. Scotiabank set a $61.00 target price on shares of Verizon Communications and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, Goldman Sachs Group upgraded shares of Verizon Communications from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $56.00 in a research note on Thursday, June 21st. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Verizon Communications presently has an average rating of “Buy” and a consensus price target of $55.32.

Verizon Communications 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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