Traders purchased shares of Verizon Communications Inc. (NYSE:VZ) on weakness during trading on Thursday. $197.35 million flowed into the stock on the tick-up and $104.60 million flowed out of the stock on the tick-down, for a money net flow of $92.75 million into the stock. Of all stocks tracked, Verizon Communications had the 2nd highest net in-flow for the day. Verizon Communications traded down ($0.88) for the day and closed at $55.38

Several brokerages recently issued reports on VZ. Vetr upgraded Verizon Communications from a “hold” rating to a “buy” rating and set a $55.28 price target for the company in a report on Thursday, April 7th. Moffett Nathanson downgraded Verizon Communications from a “buy” rating to a “hold” rating in a report on Saturday, April 2nd. Argus reiterated a “buy” rating on shares of Verizon Communications in a report on Saturday, April 9th. FBR & Co reissued a “buy” rating and issued a $54.00 price objective on shares of Verizon Communications in a research report on Saturday, April 23rd. Finally, Jefferies Group reissued a “hold” rating on shares of Verizon Communications in a research report on Saturday, May 14th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $53.11.

The stock has a market capitalization of $225.74 billion and a PE ratio of 12.56. The company has a 50-day moving average price of $52.70 and a 200-day moving average price of $50.86.

Verizon Communications (NYSE:VZ) last announced its earnings results on Thursday, April 21st. The cell phone carrier reported $1.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.06. During the same period in the prior year, the firm posted $1.02 earnings per share. The company earned $32.20 billion during the quarter, compared to the consensus estimate of $32.49 billion. The company’s revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that Verizon Communications Inc. will post $3.91 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Friday, July 8th will be paid a $0.565 dividend. This represents a $2.26 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Wednesday, July 6th.

In other Verizon Communications news, EVP Craig L. Silliman sold 672 shares of the business’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $49.80, for a total value of $33,465.60. Following the completion of the transaction, the executive vice president now directly owns 12,542 shares of the company’s stock, valued at $624,591.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Other institutional investors recently made changes to their positions in the company. BKD Wealth Advisors LLC increased its position in shares of Verizon Communications by 9.2% in the fourth quarter. BKD Wealth Advisors LLC now owns 22,104 shares of the cell phone carrier’s stock worth $1,022,000 after buying an additional 1,869 shares in the last quarter. DT Investment Partners LLC increased its position in shares of Verizon Communications by 14.2% in the fourth quarter. DT Investment Partners LLC now owns 22,954 shares of the cell phone carrier’s stock worth $1,061,000 after buying an additional 2,849 shares in the last quarter. First Heartland Consultants Inc. increased its position in shares of Verizon Communications by 1.5% in the fourth quarter. First Heartland Consultants Inc. now owns 24,397 shares of the cell phone carrier’s stock worth $1,128,000 after buying an additional 364 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Verizon Communications by 8.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 24,893 shares of the cell phone carrier’s stock worth $1,151,000 after buying an additional 1,900 shares in the last quarter. Finally, Enterprise Financial Services Corp increased its position in shares of Verizon Communications by 2.8% in the fourth quarter. Enterprise Financial Services Corp now owns 26,672 shares of the cell phone carrier’s stock worth $1,233,000 after buying an additional 734 shares in the last quarter.

Verizon Communications Inc (Verizon) is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The Company offers voice, data and video services and solutions on its wireless and wireline networks.

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