James Investment Research Inc. boosted its position in Verizon Communications Inc. (NYSE:VZ) by 146.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,028 shares of the cell phone carrier’s stock after purchasing an additional 10,118 shares during the period. James Investment Research Inc.’s holdings in Verizon Communications were worth $901,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Verizon Communications by 2.1% in 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 purchasing an additional 5,837,702 shares in the last quarter. Capital Research Global Investors increased its stake in Verizon Communications by 15.1% in 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 purchasing an additional 20,070,391 shares in the last quarter. FMR LLC increased its stake in Verizon Communications by 15.0% in 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 purchasing an additional 8,077,275 shares in the last quarter. Legal & General Group Plc increased its stake in Verizon Communications by 2.7% in the third quarter. Legal & General Group Plc now owns 24,495,234 shares of the cell phone carrier’s stock valued at $1,212,227,000 after purchasing an additional 636,014 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Verizon Communications by 19.9% in 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 purchasing an additional 3,623,182 shares in the last quarter. 63.98% of the stock is owned by hedge funds and other institutional investors.

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Shares of Verizon Communications Inc. (NYSE:VZ) opened at $46.88 on Friday. Verizon Communications Inc. has a 52-week low of $42.80 and a 52-week 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. The stock has a market cap of $196,862.59, a PE ratio of 6.37, a price-to-earnings-growth ratio of 1.93 and a beta of 0.68.

Verizon Communications (NYSE:VZ) last issued 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). Verizon Communications had a return on equity of 48.97% and a net margin of 23.88%. The firm had revenue of $33.96 billion during the quarter, compared to the consensus estimate of $33.20 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. equities analysts predict that Verizon Communications Inc. will post 4.55 earnings per share for the current fiscal year.

The company also recently disclosed 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. This represents a $2.36 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Monday, April 9th. Verizon Communications’s payout ratio is 32.07%.

VZ has been the subject of several research analyst reports. Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Monday, January 22nd. Scotia Howard Weill raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, January 22nd. Zacks Investment Research raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Tuesday, February 13th. Moffett Nathanson downgraded shares of Verizon Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. Finally, Instinet boosted their target price on shares of Verizon Communications from $47.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Verizon Communications currently has a consensus rating of “Hold” and an average target price of $53.66.

In other Verizon Communications news, SVP Anthony T. Skiadas sold 6,967 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 16,059 shares of the company’s stock, valued at approximately $799,738.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

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Verizon Communications Company 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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