Traders bought shares of Verizon Communications Inc. (NYSE:VZ) on weakness during trading on Thursday. $130.70 million flowed into the stock on the tick-up and $91.80 million flowed out of the stock on the tick-down, for a money net flow of $38.90 million into the stock. Of all equities tracked, Verizon Communications had the 8th highest net in-flow for the day. Verizon Communications traded down ($0.30) for the day and closed at $52.87

Several brokerages recently issued reports on VZ. Jefferies Group reaffirmed a “hold” rating and set a $53.00 price objective on shares of Verizon Communications in a report on Saturday, June 4th. Hilliard Lyons cut Verizon Communications from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a report on Wednesday, July 27th. FBR & Co reaffirmed a “buy” rating and set a $54.00 price objective on shares of Verizon Communications in a report on Saturday, April 23rd. Vetr cut Verizon Communications from a “strong-buy” rating to a “buy” rating and set a $56.36 price objective for the company. in a report on Monday, May 30th. Finally, Argus reissued a “buy” rating on shares of Verizon Communications in a report on Sunday, June 12th. Twenty-three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Verizon Communications has an average rating of “Hold” and an average price target of $54.42.

The stock has a market cap of $213.80 billion and a PE ratio of 14.82. The stock’s 50 day moving average is $54.79 and its 200 day moving average is $52.58.

Verizon Communications (NYSE:VZ) last posted its earnings results on Tuesday, July 26th. The cell phone carrier reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The business had revenue of $30.53 billion for the quarter, compared to analyst estimates of $30.95 billion. During the same period in the previous year, the company earned $1.04 earnings per share. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, equities analysts expect that Verizon Communications Inc. will post $3.90 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Friday, July 8th were given a dividend of $0.565 per share. This represents a $2.26 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Wednesday, July 6th.

In other Verizon Communications news, EVP Craig L. Silliman sold 672 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $54.81, for a total transaction of $36,832.32. Following the transaction, the executive vice president now directly owns 11,198 shares of the company’s stock, valued at $613,762.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of institutional investors have bought and sold shares of the company. Copeland Capital Management LLC acquired a new position in Verizon Communications during the fourth quarter valued at approximately $14,860,000. Anchor Capital Advisors LLC increased its stake in shares of Verizon Communications by 0.4% in the fourth quarter. Anchor Capital Advisors LLC now owns 772,339 shares of the cell phone carrier’s stock valued at $35,698,000 after buying an additional 3,438 shares in the last quarter. Main Street Research LLC increased its stake in shares of Verizon Communications by 3.4% in the fourth quarter. Main Street Research LLC now owns 83,614 shares of the cell phone carrier’s stock valued at $3,865,000 after buying an additional 2,718 shares in the last quarter. Court Place Advisors LLC increased its stake in shares of Verizon Communications by 0.4% in the fourth quarter. Court Place Advisors LLC now owns 32,160 shares of the cell phone carrier’s stock valued at $1,486,000 after buying an additional 138 shares in the last quarter. Finally, Geneva Advisors LLC increased its stake in shares of Verizon Communications by 3.8% in the fourth quarter. Geneva Advisors LLC now owns 54,886 shares of the cell phone carrier’s stock valued at $2,537,000 after buying an additional 2,000 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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