Delta Lloyd NV boosted its position in shares of Verizon Communications Inc. (NYSE:VZ) by 0.9% during the first quarter, Holdings Channel reports. The fund owned 156,399 shares of the cell phone carrier’s stock after buying an additional 1,430 shares during the period. Delta Lloyd NV’s holdings in Verizon Communications were worth $7,180,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Freestone Capital Holdings LLC raised its position in shares of Verizon Communications by 16.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 65,691 shares of the cell phone carrier’s stock worth $3,507,000 after buying an additional 9,212 shares during the last quarter. Bienville Capital Management LLC raised its position in shares of Verizon Communications by 110.1% in the fourth quarter. Bienville Capital Management LLC now owns 8,588 shares of the cell phone carrier’s stock worth $458,000 after buying an additional 4,500 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Verizon Communications during the fourth quarter worth about $446,000. Janus Capital Management LLC raised its position in shares of Verizon Communications by 0.3% in the fourth quarter. Janus Capital Management LLC now owns 4,754,518 shares of the cell phone carrier’s stock worth $253,796,000 after buying an additional 15,742 shares during the last quarter. Finally, Cheviot Value Management LLC raised its position in shares of Verizon Communications by 179.1% in the fourth quarter. Cheviot Value Management LLC now owns 14,158 shares of the cell phone carrier’s stock worth $756,000 after buying an additional 9,086 shares during the last quarter. 62.35% of the stock is owned by hedge funds and other institutional investors.

Verizon Communications Inc. (NYSE:VZ) opened at 48.91 on Monday. Verizon Communications Inc. has a 12-month low of $42.80 and a 12-month high of $54.83. The company has a market capitalization of $199.50 billion, a price-to-earnings ratio of 12.57 and a beta of 0.56. The firm’s 50-day moving average price is $45.05 and its 200 day moving average price is $47.46.

Verizon Communications (NYSE:VZ) last announced its earnings results on Thursday, July 27th. The cell phone carrier reported $0.96 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.96. The firm had revenue of $30.55 billion during the quarter, compared to analyst estimates of $29.84 billion. Verizon Communications had a net margin of 12.88% and a return on equity of 63.06%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 EPS. On average, equities research analysts expect that Verizon Communications Inc. will post $3.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a $0.5775 dividend. This represents a $2.31 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Thursday, July 6th. Verizon Communications’s payout ratio is presently 59.23%.

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Several equities research analysts have recently weighed in on the company. SunTrust Banks, Inc. assumed coverage on Verizon Communications in a research note on Tuesday, April 18th. They set a “hold” rating and a $50.00 price objective for the company. Barclays PLC reduced their price objective on Verizon Communications from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, April 13th. Argus lowered Verizon Communications from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. BidaskClub raised Verizon Communications from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada raised their price objective on Verizon Communications from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $52.73.

In related news, EVP Craig L. Silliman sold 610 shares of the company’s 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 transaction, the executive vice president now directly owns 8,429 shares of the company’s stock, valued at approximately $379,305. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 1,830 shares of company stock valued at $84,229. Company 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.

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

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