Investors sold shares of Verizon Communications Inc. (NYSE:VZ) on strength during trading on Tuesday. $52.89 million flowed into the stock on the tick-up and $102.58 million flowed out of the stock on the tick-down, for a money net flow of $49.69 million out of the stock. Of all equities tracked, Verizon Communications had the 0th highest net out-flow for the day. Verizon Communications traded up $0.08 for the day and closed at $52.63

A number of research firms have issued reports on VZ. Jefferies Group reiterated a “hold” rating and issued a $53.00 target price on shares of Verizon Communications in a research note on Saturday, June 4th. Hilliard Lyons cut shares of Verizon Communications from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a research note on Wednesday, July 27th. Vetr cut shares of Verizon Communications from a “strong-buy” rating to a “buy” rating and set a $56.36 target price for the company. in a research note on Monday, May 30th. Argus reiterated a “buy” rating on shares of Verizon Communications in a research note on Sunday, June 12th. Finally, Drexel Hamilton reiterated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 24th. Twenty-three equities 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 stock. Verizon Communications currently has an average rating of “Hold” and a consensus price target of $54.42.

The firm has a market capitalization of $214.54 billion and a price-to-earnings ratio of 14.87. The stock has a 50 day moving average price of $54.63 and a 200-day moving average price of $52.64.

Verizon Communications (NYSE:VZ) last released its earnings results on Tuesday, July 26th. The cell phone carrier reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. The business earned $30.53 billion during the quarter, compared to the consensus estimate of $30.95 billion. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 EPS. Equities analysts anticipate that Verizon Communications Inc. will post $3.89 earnings per share for the current 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 $0.565 dividend. This represents a $2.26 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Wednesday, July 6th.

In other Verizon Communications news, EVP Craig L. Silliman sold 672 shares of Verizon Communications stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $54.81, for a total value of $36,832.32. Following the transaction, the executive vice president now owns 11,198 shares in the company, valued at $613,762.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Several hedge funds have recently made changes to their positions in the stock. Chartwell Investment Partners LLC raised its stake in shares of Verizon Communications by 0.4% in the fourth quarter. Chartwell Investment Partners LLC now owns 85,560 shares of the cell phone carrier’s stock worth $3,955,000 after buying an additional 360 shares during the last quarter. First Heartland Consultants Inc. raised its position in 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 in the last quarter. Marco Investment Management LLC raised its position in Verizon Communications by 0.7% in the fourth quarter. Marco Investment Management LLC now owns 76,416 shares of the cell phone carrier’s stock worth $3,532,000 after buying an additional 500 shares in the last quarter. Smith Salley & Associates raised its position in Verizon Communications by 0.3% in the fourth quarter. Smith Salley & Associates now owns 173,061 shares of the cell phone carrier’s stock worth $7,998,000 after buying an additional 581 shares in the last quarter. Finally, Calamos Wealth Management LLC raised its position in Verizon Communications by 1.8% in the fourth quarter. Calamos Wealth Management LLC now owns 48,171 shares of the cell phone carrier’s stock worth $2,226,000 after buying an additional 831 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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