Duncker Streett & Co. Inc. raised its position in Verizon Communications Inc. (NYSE:VZ) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,005 shares of the cell phone carrier’s stock after buying an additional 2,249 shares during the period. Duncker Streett & Co. Inc.’s holdings in Verizon Communications were worth $2,633,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Truepoint Inc. increased its position in shares of Verizon Communications by 0.7% in the first quarter. Truepoint Inc. now owns 8,284 shares of the cell phone carrier’s stock worth $404,000 after buying an additional 55 shares in the last quarter. Miles Capital Inc. increased its position in shares of Verizon Communications by 1.7% in the fourth quarter. Miles Capital Inc. now owns 4,871 shares of the cell phone carrier’s stock worth $260,000 after buying an additional 81 shares in the last quarter. Horrell Capital Management Inc. increased its position in shares of Verizon Communications by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the cell phone carrier’s stock worth $1,329,000 after buying an additional 100 shares in the last quarter. Mount Vernon Associates Inc. MD increased its position in shares of Verizon Communications by 0.4% in the first quarter. Mount Vernon Associates Inc. MD now owns 22,958 shares of the cell phone carrier’s stock worth $1,119,000 after buying an additional 100 shares in the last quarter. Finally, Boltwood Capital Management increased its position in shares of Verizon Communications by 0.4% in the first quarter. Boltwood Capital Management now owns 32,189 shares of the cell phone carrier’s stock worth $1,569,000 after buying an additional 117 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Shares of Verizon Communications Inc. (NYSE:VZ) opened at 43.56 on Friday. Verizon Communications Inc. has a 52 week low of $43.21 and a 52 week high of $56.25. The stock has a 50 day moving average price of $45.84 and a 200-day moving average price of $48.85. The firm has a market capitalization of $177.70 billion, a PE ratio of 14.57 and a beta of 0.54.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Thursday, April 20th. The cell phone carrier reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by $0.03. The firm had revenue of $29.81 billion for the quarter, compared to analyst estimates of $30.41 billion. Verizon Communications had a return on equity of 66.99% and a net margin of 9.92%. The company’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share. Equities analysts anticipate that Verizon Communications Inc. will post $3.74 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be issued a dividend of $0.5775 per share. The ex-dividend date is Thursday, July 6th. This represents a $2.31 dividend on an annualized basis and a dividend yield of 5.30%. Verizon Communications’s payout ratio is 77.00%.

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Several equities analysts have recently weighed in on VZ shares. Bank of America Corporation restated a “buy” rating on shares of Verizon Communications in a research report on Saturday, June 17th. Barclays PLC decreased their target price on Verizon Communications from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday. Zacks Investment Research downgraded Verizon Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Moffett Nathanson upgraded Verizon Communications from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 30th. Finally, Vetr upgraded Verizon Communications from a “hold” rating to a “buy” rating and set a $52.26 target price on the stock in a research report on Monday, March 27th. One research analyst has rated the stock with a sell rating, twenty-five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Verizon Communications currently has a consensus rating of “Hold” and a consensus target price of $53.28.

In related news, EVP Marni M. Walden sold 16,362 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $46.08, for a total value of $753,960.96. Following the completion of the sale, the executive vice president now directly owns 11,797 shares in the company, valued at approximately $543,605.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Craig L. Silliman sold 610 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $45.00, for a total value of $27,450.00. Following the completion of the sale, the executive vice president now owns 8,429 shares of the company’s stock, valued at $379,305. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,192 shares of company stock valued at $837,958. Insiders own 0.13% of the company’s stock.

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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