Investors purchased shares of Verizon Communications Inc. (NYSE:VZ) on weakness during trading on Monday. $140.25 million flowed into the stock on the tick-up and $71.16 million flowed out of the stock on the tick-down, for a money net flow of $69.09 million into the stock. Of all companies tracked, Verizon Communications had the 5th highest net in-flow for the day. Verizon Communications traded down ($0.05) for the day and closed at $47.92

Several equities research analysts recently weighed in on VZ shares. Zacks Investment Research raised Verizon Communications from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Vetr raised Verizon Communications from a “hold” rating to a “buy” rating and set a $46.82 price target for the company in a report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $48.00 price target on shares of Verizon Communications in a report on Thursday, May 25th. Moffett Nathanson raised Verizon Communications from a “sell” rating to a “neutral” rating in a report on Tuesday, May 30th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Verizon Communications in a report on Tuesday, May 30th. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $52.73.

The firm has a market capitalization of $193.20 billion, a P/E ratio of 12.17 and a beta of 0.57. The company’s 50 day moving average is $47.41 and its 200-day moving average is $47.24.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Thursday, July 27th. The cell phone carrier reported $0.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.96. The firm had revenue of $30.55 billion during the quarter, compared to the consensus estimate of $29.84 billion. Verizon Communications had a return on equity of 71.88% and a net margin of 14.66%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 EPS. On average, equities analysts forecast that Verizon Communications Inc. will post $3.78 earnings per share for the current fiscal year.

In related news, EVP Craig L. Silliman sold 610 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $47.74, for a total value of $29,121.40. Following the completion of the sale, the executive vice president now directly owns 7,819 shares of the company’s stock, valued at approximately $373,279.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 1,830 shares of company stock valued at $86,248. Company insiders own 0.13% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Excalibur Management Corp lifted its stake in Verizon Communications by 5.7% in the 1st quarter. Excalibur Management Corp now owns 123,976 shares of the cell phone carrier’s stock worth $6,044,000 after acquiring an additional 6,723 shares in the last quarter. Beutel Goodman & Co Ltd. lifted its stake in Verizon Communications by 6.8% in the 1st quarter. Beutel Goodman & Co Ltd. now owns 4,358,480 shares of the cell phone carrier’s stock worth $179,129,000 after acquiring an additional 277,129 shares in the last quarter. Edge Wealth Management LLC lifted its stake in Verizon Communications by 1.4% in the 1st quarter. Edge Wealth Management LLC now owns 283,113 shares of the cell phone carrier’s stock worth $13,824,000 after acquiring an additional 3,887 shares in the last quarter. Hefty Wealth Partners lifted its stake in Verizon Communications by 14,572.2% in the 1st quarter. Hefty Wealth Partners now owns 26,410 shares of the cell phone carrier’s stock worth $1,287,000 after acquiring an additional 26,230 shares in the last quarter. Finally, Middleton & Co Inc MA lifted its stake in Verizon Communications by 5.7% in the 1st quarter. Middleton & Co Inc MA now owns 129,403 shares of the cell phone carrier’s stock worth $6,309,000 after acquiring an additional 7,033 shares in the last quarter. 62.33% of the stock is owned by hedge funds and other institutional investors.

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Verizon Communications Company Profile

Verizon Communications Inc is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States.