Traders sold shares of Verizon Communications Inc. (NYSE:VZ) on strength during trading hours on Thursday. $69.25 million flowed into the stock on the tick-up and $93.11 million flowed out of the stock on the tick-down, for a money net flow of $23.86 million out of the stock. Of all companies tracked, Verizon Communications had the 0th highest net out-flow for the day. Verizon Communications traded up $0.05 for the day and closed at $53.86

A number of equities analysts have weighed in on the company. Jefferies Group reissued a “hold” rating and set a $53.00 price objective on shares of Verizon Communications in a research note on Saturday, June 4th. Hilliard Lyons lowered Verizon Communications from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a research note on Wednesday, July 27th. FBR & Co reaffirmed a “buy” rating and issued a $54.00 price target on shares of Verizon Communications in a research note on Saturday, April 23rd. Vetr lowered Verizon Communications from a “strong-buy” rating to a “buy” rating and set a $56.36 price target on the stock. in a research note on Monday, May 30th. Finally, Argus reaffirmed a “buy” rating on shares of Verizon Communications in a research note on Sunday, June 12th. Twenty-three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Verizon Communications currently has a consensus rating of “Hold” and a consensus target price of $54.38.

The firm’s 50-day moving average is $55.08 and its 200-day moving average is $52.45. The stock has a market capitalization of $218.69 billion and a PE ratio of 15.16.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Tuesday, July 26th. The cell phone carrier reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The firm earned $30.53 billion during the quarter, compared to the consensus estimate of $30.95 billion. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. On average, analysts predict that Verizon Communications Inc. will post $3.90 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Friday, July 8th were paid a $0.565 dividend. The ex-dividend date was Wednesday, July 6th. This represents a $2.26 dividend on an annualized basis and a yield of 4.21%.

In other Verizon Communications news, EVP Craig L. Silliman sold 672 shares of Verizon Communications stock in a transaction that occurred on Thursday, May 26th. The stock was 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 in the company, valued at $624,591.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Other institutional investors recently modified their holdings of the company. Agran Libbie increased its position in shares of Verizon Communications by 9,922.0% in the fourth quarter. Agran Libbie now owns 16,100,284 shares of the cell phone carrier’s stock worth $7,442,000 after buying an additional 15,939,635 shares during the last quarter. Boston Partners increased its position in shares of Verizon Communications by 35.7% in the fourth quarter. Boston Partners now owns 13,662,183 shares of the cell phone carrier’s stock worth $631,466,000 after buying an additional 3,590,873 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Verizon Communications by 1,464.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,644,740 shares of the cell phone carrier’s stock worth $76,020,000 after buying an additional 1,539,635 shares during the last quarter. American International Group Inc. increased its position in shares of Verizon Communications by 14.1% in the fourth quarter. American International Group Inc. now owns 9,484,470 shares of the cell phone carrier’s stock worth $438,372,000 after buying an additional 1,171,045 shares during the last quarter. Finally, Eaton Vance Management increased its position in shares of Verizon Communications by 21.2% in the fourth quarter. Eaton Vance Management now owns 5,862,823 shares of the cell phone carrier’s stock worth $270,980,000 after buying an additional 1,024,873 shares during 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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