Hunter Associates Investment Management LLC raised its stake in Verizon Communications Inc. (NYSE:VZ) by 0.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 41,576 shares of the cell phone carrier’s stock after buying an additional 150 shares during the period. Hunter Associates Investment Management LLC’s holdings in Verizon Communications were worth $2,219,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in shares of Verizon Communications by 3.4% in the fourth quarter. State Street Corp now owns 166,049,068 shares of the cell phone carrier’s stock valued at $8,863,705,000 after buying an additional 5,406,022 shares in the last quarter. Northern Trust Corp raised its position in shares of Verizon Communications by 1.1% in the third quarter. Northern Trust Corp now owns 50,072,612 shares of the cell phone carrier’s stock valued at $2,602,775,000 after buying an additional 547,624 shares in the last quarter. FMR LLC raised its position in shares of Verizon Communications by 17.9% in the fourth quarter. FMR LLC now owns 48,743,437 shares of the cell phone carrier’s stock valued at $2,601,925,000 after buying an additional 7,388,078 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Verizon Communications by 19.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 29,966,112 shares of the cell phone carrier’s stock valued at $1,557,638,000 after buying an additional 4,982,419 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Verizon Communications by 20.0% in the third quarter. Nordea Investment Management AB now owns 23,807,665 shares of the cell phone carrier’s stock valued at $1,237,522,000 after buying an additional 3,960,191 shares in the last quarter. 63.38% of the stock is owned by institutional investors and hedge funds.

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

Verizon Communications Inc. (NYSE:VZ) opened at 50.24 on Tuesday. The stock has a 50 day moving average price of $49.26 and a 200-day moving average price of $50.48. Verizon Communications Inc. has a 1-year low of $46.01 and a 1-year high of $56.95. The firm 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 released its quarterly earnings results on Tuesday, January 24th. The cell phone carrier reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by $0.03. Verizon Communications had a net margin of 10.42% and a return on equity of 72.75%. The business earned $32.30 billion during the quarter, compared to analyst estimates of $32.12 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. Equities research analysts forecast that Verizon Communications Inc. will post $3.85 EPS for the current year.

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

Your IP Address:

Several equities research analysts have recently weighed in on the company. Vetr lowered Verizon Communications from a “buy” rating to a “hold” rating and set a $52.38 price objective on the stock. in a research note on Monday, January 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $53.00 price objective on shares of Verizon Communications in a research note on Friday, December 16th. Citigroup Inc reiterated a “buy” rating on shares of Verizon Communications in a research note on Tuesday, January 24th. Instinet reiterated a “neutral” rating and issued a $47.00 price objective on shares of Verizon Communications in a research note on Thursday, February 16th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Verizon Communications in a research note on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $54.53.

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

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

Receive News & Stock Ratings for Verizon Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verizon Communications Inc. and related stocks with our FREE daily email newsletter.