Traders sold shares of Verizon Communications Inc. (NYSE:VZ) on strength during trading on Thursday. $56.94 million flowed into the stock on the tick-up and $100.38 million flowed out of the stock on the tick-down, for a money net flow of $43.44 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 $0.22 for the day and closed at $52.75

Several equities analysts recently weighed in on VZ shares. Vetr raised shares of Verizon Communications from a “buy” rating to a “strong-buy” rating and set a $57.23 price target on the stock in a research report on Monday, May 2nd. Citigroup Inc. cut shares of Verizon Communications to a “market perform” rating in a research report on Wednesday, July 20th. Drexel Hamilton reaffirmed a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 24th. Morgan Stanley cut shares of Verizon Communications from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, July 26th. Finally, RBC Capital Markets reaffirmed a “buy” rating on shares of Verizon Communications in a research report on Monday, July 25th. Twenty-three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $54.42.

The firm has a 50 day moving average of $54.33 and a 200-day moving average of $52.65. The firm has a market capitalization of $212.25 billion and a price-to-earnings ratio of 14.71.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Tuesday, July 26th. The cell phone carrier reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. During the same quarter in the previous year, the business posted $1.04 earnings per share. The business earned $30.53 billion during the quarter, compared to the consensus estimate of $30.95 billion. The firm’s revenue was down 5.3% on a year-over-year basis. On average, analysts anticipate that Verizon Communications Inc. will post $3.89 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Friday, July 8th were given a $0.565 dividend. The ex-dividend date of this dividend was Wednesday, July 6th. This represents a $2.26 annualized dividend and a yield of 4.34%.

In other news, EVP Craig L. Silliman sold 672 shares of the firm’s 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 sale, the executive vice president now directly owns 11,198 shares in the company, valued at approximately $613,762.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds have recently made changes to their positions in the stock. First Heartland Consultants Inc. increased its stake 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 valued at $1,128,000 after buying an additional 364 shares during the last quarter. Baxter Bros Inc. increased its stake in shares of Verizon Communications by 11.2% in the fourth quarter. Baxter Bros Inc. now owns 31,510 shares of the cell phone carrier’s stock valued at $1,456,000 after buying an additional 3,171 shares during the last quarter. Wellington Shields & Co. LLC increased its stake in shares of Verizon Communications by 7.3% in the fourth quarter. Wellington Shields & Co. LLC now owns 47,658 shares of the cell phone carrier’s stock valued at $2,203,000 after buying an additional 3,230 shares during the last quarter. Calamos Wealth Management LLC increased its stake in shares of 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 valued at $2,226,000 after buying an additional 831 shares during the last quarter. Finally, TrimTabs Asset Management LLC increased its stake in shares of Verizon Communications by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 49,528 shares of the cell phone carrier’s stock valued at $2,289,000 after buying an additional 924 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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