Verizon Communications Inc. (NYSE:VZ) Holdings Increased by Natixis Advisors L.P.

Natixis Advisors L.P. grew its stake in shares of Verizon Communications Inc. (NYSE:VZGet Rating) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 905,623 shares of the cell phone carrier’s stock after buying an additional 25,238 shares during the quarter. Natixis Advisors L.P.’s holdings in Verizon Communications were worth $47,056,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Staley Capital Advisers Inc. increased its position in shares of Verizon Communications by 2.0% in the fourth quarter. Staley Capital Advisers Inc. now owns 495,782 shares of the cell phone carrier’s stock worth $25,761,000 after acquiring an additional 9,621 shares in the last quarter. McIlrath & Eck LLC increased its position in shares of Verizon Communications by 12.2% in the fourth quarter. McIlrath & Eck LLC now owns 8,917 shares of the cell phone carrier’s stock worth $463,000 after acquiring an additional 969 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its position in Verizon Communications by 6.8% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 76,457 shares of the cell phone carrier’s stock valued at $3,973,000 after purchasing an additional 4,837 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Verizon Communications by 9.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 14,844 shares of the cell phone carrier’s stock valued at $771,000 after purchasing an additional 1,295 shares in the last quarter. Finally, Hyman Charles D grew its position in Verizon Communications by 3.0% during the fourth quarter. Hyman Charles D now owns 422,035 shares of the cell phone carrier’s stock valued at $21,929,000 after purchasing an additional 12,140 shares in the last quarter. Institutional investors own 62.93% of the company’s stock.

NYSE:VZ traded down $2.10 on Friday, hitting $46.30. The company had a trading volume of 40,989,424 shares, compared to its average volume of 25,452,186. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 1.64. Verizon Communications Inc. has a 52 week low of $46.17 and a 52 week high of $59.85. The firm has a 50 day moving average of $52.44 and a two-hundred day moving average of $52.45. The stock has a market capitalization of $194.36 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 2.49 and a beta of 0.39.

Verizon Communications (NYSE:VZGet Rating) last posted its quarterly earnings data on Friday, April 22nd. The cell phone carrier reported $1.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.35. Verizon Communications had a net margin of 15.93% and a return on equity of 28.15%. The company had revenue of $33.60 billion during the quarter, compared to analysts’ expectations of $33.61 billion. During the same period in the prior year, the company posted $1.31 earnings per share. Verizon Communications’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Verizon Communications Inc. will post 5.4 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 2nd. Shareholders of record on Friday, April 8th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date is Thursday, April 7th. Verizon Communications’s payout ratio is 49.71%.

In other Verizon Communications news, EVP Craig L. Silliman sold 1,558 shares of the firm’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $54.48, for a total value of $84,879.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tami A. Erwin sold 23,647 shares of the firm’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $49.77, for a total transaction of $1,176,911.19. Following the completion of the transaction, the chief executive officer now directly owns 21,817 shares in the company, valued at $1,085,832.09. The disclosure for this sale can be found here. Insiders sold 26,763 shares of company stock valued at $1,342,807 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Verizon Communications from $56.00 to $57.00 in a research note on Tuesday, January 25th. DZ Bank cut shares of Verizon Communications from a “hold” rating to a “sell” rating and set a $44.00 target price for the company. in a research note on Friday. Tigress Financial lifted their target price on shares of Verizon Communications from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, January 21st. StockNews.com initiated coverage on shares of Verizon Communications in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, William Blair restated a “market perform” rating on shares of Verizon Communications in a research note on Monday, April 25th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Verizon Communications has a consensus rating of “Hold” and a consensus target price of $57.93.

Verizon Communications Company Profile (Get Rating)

Verizon Communications Inc, through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices comprising smart watches.

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

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