Boltwood Capital Management decreased its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,988 shares of the cell phone carrier’s stock after selling 993 shares during the period. Boltwood Capital Management’s holdings in Verizon Communications were worth $1,067,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Advocacy Wealth Management Services LLC raised its stake in shares of Verizon Communications by 25.9% in the fourth quarter. Advocacy Wealth Management Services LLC now owns 1,265 shares of the cell phone carrier’s stock valued at $71,000 after acquiring an additional 260 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Verizon Communications in the third quarter valued at approximately $107,000. Barnett & Company Inc. raised its stake in shares of Verizon Communications by 152.3% in the third quarter. Barnett & Company Inc. now owns 2,445 shares of the cell phone carrier’s stock valued at $131,000 after acquiring an additional 1,476 shares during the last quarter. Psagot Investment House Ltd. raised its stake in shares of Verizon Communications by 157.4% in the third quarter. Psagot Investment House Ltd. now owns 3,500 shares of the cell phone carrier’s stock valued at $187,000 after acquiring an additional 2,140 shares during the last quarter. Finally, O Brien Wealth Partners LLC raised its stake in shares of Verizon Communications by 262.1% in the third quarter. O Brien Wealth Partners LLC now owns 3,599 shares of the cell phone carrier’s stock valued at $192,000 after acquiring an additional 2,605 shares during the last quarter. Hedge funds and other institutional investors own 65.75% of the company’s stock.

VZ stock opened at $57.67 on Thursday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.91 and a quick ratio of 0.88. Verizon Communications Inc. has a fifty-two week low of $46.08 and a fifty-two week high of $61.58. The company has a market capitalization of $239.71 billion, a P/E ratio of 12.24, a P/E/G ratio of 3.02 and a beta of 0.50.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Tuesday, January 29th. The cell phone carrier reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.03. Verizon Communications had a net margin of 11.87% and a return on equity of 35.96%. The firm had revenue of $34.28 billion during the quarter, compared to analysts’ expectations of $34.45 billion. During the same quarter in the previous year, the company posted $0.86 EPS. Verizon Communications’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that Verizon Communications Inc. will post 4.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.6025 dividend. This represents a $2.41 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Tuesday, April 9th. Verizon Communications’s dividend payout ratio (DPR) is presently 51.17%.

In other Verizon Communications news, Director Lowell C. Mcadam sold 285,988 shares of Verizon Communications stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $56.72, for a total transaction of $16,221,239.36. Following the completion of the sale, the director now owns 362,932 shares of the company’s stock, valued at approximately $20,585,503.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Craig L. Silliman sold 1,349 shares of Verizon Communications stock in a transaction on Monday, March 4th. The stock was sold at an average price of $57.12, for a total transaction of $77,054.88. Following the sale, the executive vice president now directly owns 25,549 shares of the company’s stock, valued at approximately $1,459,358.88. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

A number of research firms have recently issued reports on VZ. JPMorgan Chase & Co. cut shares of Verizon Communications from an “overweight” rating to a “neutral” rating and set a $62.00 target price for the company. in a research note on Monday, December 3rd. ValuEngine upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Zacks Investment Research upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Saturday, January 26th. Tigress Financial restated a “hold” rating on shares of Verizon Communications in a research report on Friday, December 28th. Finally, Morgan Stanley cut shares of Verizon Communications from an “overweight” rating to an “equal weight” rating and set a $58.00 price objective for the company. in a research report on Wednesday, December 12th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $55.76.

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About Verizon Communications

Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms.

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

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