Investors Sell Shares of Verizon Communications (VZ) on Strength (VZ)

Traders sold shares of Verizon Communications Inc. (NYSE:VZ) on strength during trading on Monday. $70.54 million flowed into the stock on the tick-up and $177.32 million flowed out of the stock on the tick-down, for a money net flow of $106.78 million out of the stock. Of all companies tracked, Verizon Communications had the 0th highest net out-flow for the day. Verizon Communications traded up $0.41 for the day and closed at $50.15

A number of research firms have recently weighed in on VZ. Bank of America upped their price objective on Verizon Communications from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. HSBC downgraded Verizon Communications from a “buy” rating to a “hold” rating and decreased their target price for the stock from $54.83 to $42.80 in a research report on Thursday, December 14th. They noted that the move was a valuation call. Vetr upgraded Verizon Communications from a “hold” rating to a “buy” rating and set a $54.80 target price on the stock in a research report on Monday, February 5th. Howard Weil upgraded Verizon Communications from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, January 22nd. Finally, Nomura boosted their target price on Verizon Communications from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Verizon Communications has an average rating of “Hold” and a consensus target price of $53.51.

The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $199,570.00, a PE ratio of 15.01, a PEG ratio of 2.04 and a beta of 0.58.

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 analysts’ consensus estimates of $0.88 by ($0.02). Verizon Communications had a net margin of 23.88% and a return on equity of 48.97%. The company had revenue of $33.96 billion for the quarter, compared to analysts’ expectations of $33.20 billion. During the same quarter last year, the company earned $0.86 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. equities analysts expect that Verizon Communications Inc. will post 4.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 9th. This represents a $2.36 dividend on an annualized basis and a yield of 4.82%. Verizon Communications’s dividend payout ratio (DPR) is presently 72.39%.

In other Verizon Communications news, EVP Craig L. Silliman sold 610 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $47.41, for a total transaction of $28,920.10. Following the sale, the executive vice president now directly owns 3,269 shares in the company, valued at $154,983.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Anthony T. Skiadas sold 6,967 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $49.80, for a total value of $346,956.60. Following the sale, the senior vice president now owns 16,059 shares in the company, valued at $799,738.20. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Exane Derivatives purchased a new stake in shares of Verizon Communications in the fourth quarter worth approximately $103,000. Earnest Partners LLC purchased a new stake in shares of Verizon Communications in the fourth quarter worth approximately $103,000. Stelac Advisory Services LLC purchased a new stake in shares of Verizon Communications in the fourth quarter worth approximately $111,000. Avestar Capital LLC purchased a new stake in shares of Verizon Communications in the fourth quarter worth approximately $131,000. Finally, Legacy Advisors LLC purchased a new stake in shares of Verizon Communications in the third quarter worth approximately $132,000. Hedge funds and other institutional investors own 64.21% of the company’s stock.

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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.

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