Investors bought shares of Verizon Communications Inc. (NYSE:VZ) on weakness during trading on Tuesday. $148.23 million flowed into the stock on the tick-up and $94.85 million flowed out of the stock on the tick-down, for a money net flow of $53.38 million into the stock. Of all companies tracked, Verizon Communications had the 3rd highest net in-flow for the day. Verizon Communications traded down ($0.23) for the day and closed at $55.70

Several research analysts recently commented on VZ shares. Zacks Investment Research lowered shares of Verizon Communications from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. Vetr lowered shares of Verizon Communications from a “strong-buy” rating to a “buy” rating and set a $57.01 price target on the stock. in a report on Monday, May 9th. Deutsche Bank AG raised their price target on shares of Verizon Communications from $49.00 to $50.00 and gave the company a “hold” rating in a report on Monday, April 4th. Macquarie started coverage on shares of Verizon Communications in a report on Tuesday, April 5th. They issued a “neutral” rating on the stock. Finally, Royal Bank Of Canada raised their price target on shares of Verizon Communications from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, March 30th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $53.42.

The stock has a market capitalization of $227.05 billion and a P/E ratio of 12.63. The stock’s 50-day moving average is $53.99 and its 200 day moving average is $51.40.

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, hitting 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 quarter last year, the firm earned $1.02 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts expect that Verizon Communications Inc. will post $3.88 EPS for the current 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. The ex-dividend date of this dividend is Wednesday, July 6th. This represents a $2.26 dividend on an annualized basis and a dividend yield of 4.06%.

In other news, EVP Craig L. Silliman sold 672 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at $673,914. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Several hedge funds and institutional investors have modified their holdings of the company. DT Investment Partners LLC raised 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 during the period. First Heartland Consultants Inc. raised 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 during the period. Hillsdale Investment Management Inc. raised 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 during the period. Enterprise Financial Services Corp raised 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 during the period. Finally, SignalPoint Asset Management LLC raised its position in shares of Verizon Communications by 11.0% in the fourth quarter. SignalPoint Asset Management LLC now owns 29,459 shares of the cell phone carrier’s stock worth $1,362,000 after buying an additional 2,910 shares during the period.

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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