Investors bought shares of Verizon Communications Inc. (NYSE:VZ) on weakness during trading hours on Thursday. $142.71 million flowed into the stock on the tick-up and $102.37 million flowed out of the stock on the tick-down, for a money net flow of $40.34 million into the stock. Of all stocks tracked, Verizon Communications had the 8th highest net in-flow for the day. Verizon Communications traded down ($0.16) for the day and closed at $55.84

A number of research firms have weighed in on VZ. Macquarie reaffirmed a “neutral” rating and issued a $55.00 target price on shares of Verizon Communications in a report on Wednesday, July 6th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating on shares of Verizon Communications in a report on Friday, July 8th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $52.00 target price on shares of Verizon Communications in a report on Friday. Citigroup Inc. reaffirmed a “neutral” rating on shares of Verizon Communications in a report on Wednesday, June 29th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $54.00 target price on shares of Verizon Communications in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $53.42.

The stock has a market capitalization of $227.62 billion and a PE ratio of 12.67. The firm’s 50-day moving average is $53.79 and its 200 day moving average is $51.23.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings results on Thursday, April 21st. The cell phone carrier reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. The business had revenue of $32.20 billion for the quarter, compared to analyst estimates of $32.49 billion. During the same period last year, the business posted $1.02 earnings per share. Verizon Communications’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts expect that Verizon Communications Inc. will post $3.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Friday, July 8th will be issued a dividend of $0.565 per share. This represents a $2.26 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Wednesday, July 6th.

In other news, EVP Craig L. Silliman sold 672 shares of the firm’s stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $51.00, for a total transaction of $34,272.00. Following the transaction, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at $673,914. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

A number of hedge funds and institutional investors have recently made changes to their positions in the stock. TrimTabs Asset Management LLC boosted its position in shares of Verizon Communications by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 49,528 shares of the cell phone carrier’s stock valued at $2,289,000 after buying an additional 924 shares in the last quarter. Morningstar Investment Services LLC boosted its position in shares of Verizon Communications by 7.6% in the fourth quarter. Morningstar Investment Services LLC now owns 529,178 shares of the cell phone carrier’s stock valued at $24,459,000 after buying an additional 37,314 shares in the last quarter. Foresters Investment Management Company Inc. boosted its position in shares of Verizon Communications by 1.9% in the fourth quarter. Foresters Investment Management Company Inc. now owns 946,825 shares of the cell phone carrier’s stock valued at $43,762,000 after buying an additional 17,600 shares in the last quarter. Home Federal Bank of Tennessee purchased a new position in shares of Verizon Communications during the fourth quarter valued at $1,741,000. Finally, Buckingham Capital Management Inc. boosted its position in shares of Verizon Communications by 2.5% in the third quarter. Buckingham Capital Management Inc. now owns 77,940 shares of the cell phone carrier’s stock valued at $3,391,000 after buying an additional 1,874 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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