Investors sold shares of Verizon Communications Inc. (NYSE:VZ) on strength during trading hours on Friday. $67.33 million flowed into the stock on the tick-up and $88.70 million flowed out of the stock on the tick-down, for a money net flow of $21.37 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 $0.23 for the day and closed at $52.56

A number of analysts have recently weighed in on the stock. Macquarie reiterated a “neutral” rating and set a $55.00 target price on shares of Verizon Communications in a report on Wednesday, July 6th. RBC Capital Markets reiterated a “buy” rating on shares of Verizon Communications in a report on Monday, July 25th. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Verizon Communications in a report on Friday, July 8th. Morgan Stanley lowered shares of Verizon Communications from an “overweight” rating to an “equal weight” rating in a report on Tuesday, July 26th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $52.00 target price on shares of Verizon Communications in a report on Friday, July 15th. Twenty-three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.35.

The company has a 50 day moving average of $53.87 and a 200 day moving average of $52.72. The company has a market cap of $215.55 billion and a price-to-earnings ratio of 14.94.

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, beating the Zacks’ consensus estimate of $0.92 by $0.02. The company had revenue of $30.53 billion for the quarter, compared to analyst estimates of $30.95 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities analysts forecast that Verizon Communications Inc. will post $3.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Friday, October 7th will be paid a dividend of $0.0125 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.05 dividend on an annualized basis and a yield of 0.09%.

In other Verizon Communications news, EVP Craig L. Silliman sold 672 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $54.56, for a total transaction of $36,664.32. Following the transaction, the executive vice president now owns 11,870 shares in the company, valued at approximately $647,627.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Other hedge funds and institutional investors recently modified their holdings of the company. Alerus Investment Advisors Corp raised its position in shares of Verizon Communications by 17.0% in the fourth quarter. Alerus Investment Advisors Corp now owns 136,351 shares of the cell phone carrier’s stock worth $6,302,000 after buying an additional 19,842 shares during the last quarter. Apriem Advisors raised its position in shares of Verizon Communications by 3.3% in the fourth quarter. Apriem Advisors now owns 60,148 shares of the cell phone carrier’s stock worth $2,780,000 after buying an additional 1,900 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of Verizon Communications by 51.7% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 71,580 shares of the cell phone carrier’s stock worth $3,309,000 after buying an additional 24,400 shares during the last quarter. Smith Salley & Associates raised its position in shares of 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 during the last quarter. Finally, First Fiduciary Investment Counsel Inc. raised its position in shares of Verizon Communications by 0.4% in the fourth quarter. First Fiduciary Investment Counsel Inc. now owns 296,447 shares of the cell phone carrier’s stock worth $13,702,000 after buying an additional 1,135 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.