First Quadrant L P CA reduced its position in Verizon Communications Inc. (NYSE:VZ) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,013 shares of the cell phone carrier’s stock after selling 29,741 shares during the period. First Quadrant L P CA’s holdings in Verizon Communications were worth $13,815,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Regal Wealth Group Inc. raised its position in Verizon Communications by 0.7% during the second quarter. Regal Wealth Group Inc. now owns 3,682 shares of the cell phone carrier’s stock valued at $164,000 after purchasing an additional 24 shares during the period. Glassman Wealth Services raised its position in Verizon Communications by 0.4% during the second quarter. Glassman Wealth Services now owns 7,719 shares of the cell phone carrier’s stock valued at $345,000 after purchasing an additional 31 shares during the period. DF Dent & Co. Inc. raised its position in Verizon Communications by 0.6% during the second quarter. DF Dent & Co. Inc. now owns 8,506 shares of the cell phone carrier’s stock valued at $380,000 after purchasing an additional 50 shares during the period. Aureus Asset Management LLC grew its stake in shares of Verizon Communications by 0.6% during the second quarter. Aureus Asset Management LLC now owns 11,190 shares of the cell phone carrier’s stock valued at $500,000 after buying an additional 70 shares during the last quarter. Finally, Keel Point LLC grew its stake in shares of Verizon Communications by 0.6% during the second quarter. Keel Point LLC now owns 12,359 shares of the cell phone carrier’s stock valued at $552,000 after buying an additional 78 shares during the last quarter. Institutional investors own 63.98% of the company’s stock.

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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 stock has a market capitalization of $196,862.59, a P/E ratio of 6.37, a P/E/G ratio of 1.93 and a beta of 0.68. 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 announced its quarterly earnings data on Tuesday, January 23rd. The cell phone carrier reported $0.86 earnings per share (EPS) for the quarter, missing the 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 last year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. analysts expect that Verizon Communications Inc. will post 4.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 9th. This represents a $2.36 annualized dividend and a yield of 5.03%. Verizon Communications’s dividend payout ratio (DPR) is currently 32.07%.

VZ has been the topic of a number of analyst reports. Instinet upped their target price on Verizon Communications from $47.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Nomura raised Verizon Communications from a “neutral” rating to a “buy” rating and upped their target price for the company from $47.00 to $61.00 in a research note on Tuesday, December 12th. Moffett Nathanson cut Verizon Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. Scotiabank raised Verizon Communications from a “sector perform” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, January 22nd. Finally, KeyCorp upped their target price on Verizon Communications from $50.00 to $53.00 and gave the company a “sector weight” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Verizon Communications presently has a consensus rating of “Hold” and an average price target of $53.66.

In related news, SVP Anthony T. Skiadas sold 6,967 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $49.80, for a total value of $346,956.60. Following the transaction, the senior vice president now owns 16,059 shares of the company’s stock, valued at $799,738.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

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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.

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

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