Nadler Financial Group Inc. raised its position in Verizon Communications Inc. (NYSE:VZ) by 54.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,207 shares of the cell phone carrier’s stock after buying an additional 5,367 shares during the quarter. Nadler Financial Group Inc.’s holdings in Verizon Communications were worth $805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Capital Research Global Investors grew its position in shares of Verizon Communications by 15.1% in the second quarter. Capital Research Global Investors now owns 153,408,016 shares of the cell phone carrier’s stock valued at $6,851,202,000 after purchasing an additional 20,070,391 shares in the last quarter. FMR LLC grew its position in shares of Verizon Communications by 15.0% in the second quarter. FMR LLC now owns 61,833,096 shares of the cell phone carrier’s stock valued at $2,761,466,000 after purchasing an additional 8,077,275 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Verizon Communications by 2.1% in the second quarter. Vanguard Group Inc. now owns 282,894,542 shares of the cell phone carrier’s stock valued at $12,634,070,000 after purchasing an additional 5,837,702 shares in the last quarter. Stifel Financial Corp grew its position in shares of Verizon Communications by 7,639.8% in the third quarter. Stifel Financial Corp now owns 3,877,541 shares of the cell phone carrier’s stock valued at $191,847,000 after purchasing an additional 3,827,442 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Verizon Communications by 19.9% in the second quarter. Franklin Resources Inc. now owns 21,820,729 shares of the cell phone carrier’s stock valued at $974,515,000 after purchasing an additional 3,623,182 shares in the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

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In other Verizon Communications news, SVP Anthony T. Skiadas sold 6,967 shares of Verizon Communications stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $49.80, for a total transaction of $346,956.60. Following the completion of the sale, the senior vice president now owns 16,059 shares of the company’s stock, valued at $799,738.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Shares of Verizon Communications Inc. (NYSE VZ) opened at $49.01 on Friday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.87 and a current ratio of 0.91. Verizon Communications Inc. has a 52 week low of $42.80 and a 52 week high of $54.77. The stock has a market capitalization of $199,940.00, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.99 and a beta of 0.67.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings results on Tuesday, January 23rd. The cell phone carrier reported $0.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.02). Verizon Communications had a return on equity of 48.97% and a net margin of 23.88%. The firm had revenue of $33.96 billion for the quarter, compared to the consensus estimate of $33.20 billion. During the same period last year, the firm earned $0.86 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. sell-side analysts forecast that Verizon Communications Inc. will post 4.55 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 4.82%. The ex-dividend date is Monday, April 9th. Verizon Communications’s dividend payout ratio (DPR) is currently 72.62%.

Several equities analysts recently commented on the company. KeyCorp boosted their target price on Verizon Communications from $50.00 to $53.00 and gave the stock a “sector weight” rating in a research report on Tuesday, January 2nd. Macquarie restated a “hold” rating and set a $54.00 target price on shares of Verizon Communications in a research report on Wednesday, January 24th. 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. Bank of America boosted their target price on Verizon Communications from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, SunTrust Banks boosted their target price on Verizon Communications to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $53.45.

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Verizon Communications Profile

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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