Federated Investors Inc. PA boosted its position in shares of Verizon Communications Inc. (NYSE:VZ) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,166,107 shares of the cell phone carrier’s stock after buying an additional 825,524 shares during the period. Verizon Communications comprises 3.4% of Federated Investors Inc. PA’s investment portfolio, making the stock its 2nd largest position. Federated Investors Inc. PA owned approximately 0.52% of Verizon Communications worth $1,129,847,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VZ. Burns J W & Co. Inc. NY raised its position in Verizon Communications by 1.3% in the third quarter. Burns J W & Co. Inc. NY now owns 89,836 shares of the cell phone carrier’s stock worth $4,670,000 after buying an additional 1,140 shares during the period. Boltwood Capital Management raised its position in Verizon Communications by 1.1% in the third quarter. Boltwood Capital Management now owns 32,572 shares of the cell phone carrier’s stock worth $1,693,000 after buying an additional 360 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its position in Verizon Communications by 16.5% in the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 51,161 shares of the cell phone carrier’s stock worth $2,659,000 after buying an additional 7,236 shares during the period. BNP Paribas Arbitrage SA raised its position in Verizon Communications by 125.3% in the third quarter. BNP Paribas Arbitrage SA now owns 1,876,110 shares of the cell phone carrier’s stock worth $97,520,000 after buying an additional 1,043,420 shares during the period. Finally, Eqis Capital Management Inc. raised its position in Verizon Communications by 64.3% in the third quarter. Eqis Capital Management Inc. now owns 32,149 shares of the cell phone carrier’s stock worth $1,671,000 after buying an additional 12,587 shares during the period. Hedge funds and other institutional investors own 63.38% of the company’s stock.

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

Shares of Verizon Communications Inc. (NYSE:VZ) opened at 50.24 on Tuesday. The stock’s 50 day moving average is $49.26 and its 200 day moving average is $50.48. Verizon Communications Inc. has a 12 month low of $46.01 and a 12 month high of $56.95. The company has a market cap of $204.81 billion, a P/E ratio of 15.65 and a beta of 0.43.

Verizon Communications (NYSE:VZ) last posted its earnings results on Tuesday, January 24th. The cell phone carrier reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by $0.03. Verizon Communications had a net margin of 10.42% and a return on equity of 72.75%. The firm earned $32.30 billion during the quarter, compared to analysts’ expectations of $32.12 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts anticipate that Verizon Communications Inc. will post $3.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Monday, April 10th will be issued a $0.5775 dividend. This represents a $2.31 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Thursday, April 6th. Verizon Communications’s payout ratio is currently 71.74%.

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VZ has been the topic of a number of research reports. Evercore ISI initiated coverage on shares of Verizon Communications in a research report on Monday, January 30th. They set a “hold” rating and a $53.00 target price on the stock. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Verizon Communications in a research report on Wednesday, January 25th. Barclays PLC reduced their target price on shares of Verizon Communications from $53.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 25th. FBR & Co lowered shares of Verizon Communications from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $57.00 to $52.00 in a research report on Wednesday, January 25th. Finally, Goldman Sachs Group Inc reduced their target price on shares of Verizon Communications from $54.00 to $51.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 24th. One investment analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have issued a buy rating to the company. Verizon Communications currently has a consensus rating of “Hold” and a consensus price target of $54.53.

In related news, EVP Marni M. Walden sold 32,254 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $49.92, for a total value of $1,610,119.68. Following the transaction, the executive vice president now owns 28,159 shares in the company, valued at approximately $1,405,697.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Roger Gurnani sold 10,804 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $50.29, for a total value of $543,333.16. Following the completion of the transaction, the executive vice president now owns 63,734 shares in the company, valued at approximately $3,205,182.86. The disclosure for this sale can be found here. Insiders sold a total of 55,553 shares of company stock valued at $2,756,586 over the last three months. Company insiders own 0.10% of the company’s stock.

About Verizon Communications

Verizon Communications Inc (Verizon) is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The Company offers voice, data and video services and solutions on its wireless and wireline networks.

5 Day Chart for NYSE:VZ

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