Investors sold shares of Verizon Communications Inc. (NYSE:VZ) on strength during trading 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 stocks 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

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

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

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

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

In related news, EVP Craig L. Silliman sold 672 shares of Verizon Communications stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $52.76, for a total transaction of $35,454.72. Following the transaction, the executive vice president now owns 10,526 shares of the company’s stock, valued at $555,351.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several hedge funds and institutional investors recently made changes to their positions in the stock. TrimTabs Asset Management LLC boosted its position 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. Courier Capital Corp boosted its position in shares of Verizon Communications by 2.0% in the fourth quarter. Courier Capital Corp now owns 53,107 shares of the cell phone carrier’s stock valued at $2,455,000 after buying an additional 1,032 shares during the last quarter. Apriem Advisors boosted 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 valued at $2,780,000 after buying an additional 1,900 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted 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 valued at $3,309,000 after buying an additional 24,400 shares during the last quarter. Finally, Brown Advisory Securities LLC boosted its position in shares of Verizon Communications by 1.7% in the fourth quarter. Brown Advisory Securities LLC now owns 98,048 shares of the cell phone carrier’s stock valued at $4,530,000 after buying an additional 1,641 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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