Investors bought shares of Verizon Communications Inc. (NYSE:VZ) on weakness during trading hours on Tuesday. $237.69 million flowed into the stock on the tick-up and $144.73 million flowed out of the stock on the tick-down, for a money net flow of $92.96 million into the stock. Of all stocks tracked, Verizon Communications had the 4th highest net in-flow for the day. Verizon Communications traded down ($1.06) for the day and closed at $54.81

VZ has been the topic of a number of recent research reports. Argus reaffirmed a “buy” rating on shares of Verizon Communications in a research note on Saturday, April 9th. Moffett Nathanson downgraded shares of Verizon Communications from a “buy” rating to a “hold” rating in a research note on Saturday, April 2nd. Vetr raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $55.28 price target on the stock in a research note on Thursday, April 7th. FBR & Co reaffirmed a “buy” rating and set a $54.00 price target on shares of Verizon Communications in a research note on Saturday, April 23rd. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Verizon Communications in a research note on Saturday, May 14th. Twenty equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Verizon Communications presently has an average rating of “Hold” and an average target price of $53.39.

The company’s 50-day moving average is $54.68 and its 200 day moving average is $51.76. The company has a market capitalization of $223.42 billion and a PE ratio of 12.43.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings results on Tuesday, July 26th. The cell phone carrier reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. During the same period in the previous year, the business posted $1.04 earnings per share. The business earned $30.53 billion during the quarter, compared to analyst estimates of $30.95 billion. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Verizon Communications Inc. will post $3.88 earnings per share for the current fiscal year.

The firm also recently declared 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 yield of 4.12%. The ex-dividend date is Wednesday, July 6th.

In other Verizon Communications news, EVP Craig L. Silliman sold 672 shares of the firm’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $54.56, for a total value of $36,664.32. Following the sale, the executive vice president now directly owns 11,870 shares of the company’s stock, valued at approximately $647,627.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Other institutional investors have recently added to or reduced their stakes in the company. Flossbach Von Storch AG increased its position in Verizon Communications by 15.8% in the fourth quarter. Flossbach Von Storch AG now owns 603,589 shares of the cell phone carrier’s stock worth $27,898,000 after buying an additional 82,200 shares during the period. Roffman Miller Associates Inc. PA increased its position in Verizon Communications by 2.7% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 248,268 shares of the cell phone carrier’s stock worth $11,475,000 after buying an additional 6,482 shares during the period. Korea Investment CORP increased its position in Verizon Communications by 4.1% in the fourth quarter. Korea Investment CORP now owns 2,183,094 shares of the cell phone carrier’s stock worth $100,902,000 after buying an additional 85,285 shares during the period. Simmons First Trust Co. NA increased its position in Verizon Communications by 114.8% in the fourth quarter. Simmons First Trust Co. NA now owns 155,118 shares of the cell phone carrier’s stock worth $7,170,000 after buying an additional 82,887 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in Verizon Communications by 1.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 5,239,663 shares of the cell phone carrier’s stock worth $242,493,000 after buying an additional 95,318 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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