Verizon Communications Inc. (VZ) Shares Bought by Atria Investments LLC
Atria Investments LLC raised its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,612 shares of the cell phone carrier’s stock after buying an additional 8,782 shares during the quarter. Atria Investments LLC’s holdings in Verizon Communications were worth $6,807,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Legacy Advisors LLC acquired a new position in shares of Verizon Communications during the third quarter worth approximately $132,000. Shine Investment Advisory Services Inc. raised its stake in shares of Verizon Communications by 190.9% in the third quarter. Shine Investment Advisory Services Inc. now owns 2,705 shares of the cell phone carrier’s stock valued at $134,000 after purchasing an additional 1,775 shares in the last quarter. Private Vista LLC raised its stake in shares of Verizon Communications by 3,339.1% in the second quarter. Private Vista LLC now owns 389,552 shares of the cell phone carrier’s stock valued at $143,000 after purchasing an additional 378,225 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in shares of Verizon Communications in the second quarter valued at $156,000. Finally, Regal Wealth Group Inc. raised its stake in shares of Verizon Communications by 0.7% in the second quarter. Regal Wealth Group Inc. now owns 3,682 shares of the cell phone carrier’s stock valued at $164,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 64.10% of the company’s stock.
Shares of Verizon Communications Inc. (NYSE:VZ) opened at $49.01 on Friday. Verizon Communications Inc. has a 1 year low of $42.80 and a 1 year high of $54.77. The firm has a market capitalization of $199,940.00, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.99 and a beta of 0.67. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.91 and a quick ratio of 0.87.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Monday, April 9th. Verizon Communications’s dividend payout ratio (DPR) is 72.62%.
VZ has been the subject of a number of recent research reports. Nomura upped their target price on Verizon Communications from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Bank of America upped their target price on Verizon Communications from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Instinet upped their target price on Verizon Communications from $47.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. ValuEngine upgraded Verizon Communications from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Scotiabank upgraded Verizon Communications from a “sector perform” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Verizon Communications has an average rating of “Hold” and an average target price of $53.45.
In other Verizon Communications news, SVP Anthony T. Skiadas sold 6,967 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $49.80, for a total value of $346,956.60. Following the sale, the senior vice president now directly owns 16,059 shares in the company, valued at $799,738.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Verizon Communications Inc. (VZ) Shares Bought by Atria Investments LLC” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2018/03/11/verizon-communications-inc-vz-shares-bought-by-atria-investments-llc.html.
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.
Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZ).
Receive News & Ratings for Verizon Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verizon Communications and related companies with MarketBeat.com's FREE daily email newsletter.