MUFG Securities EMEA plc purchased a new stake in shares of Verizon Communications Inc. (NYSE:VZ) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 260,000 shares of the cell phone carrier’s stock, valued at approximately $12,867,000. Verizon Communications accounts for about 0.5% of MUFG Securities EMEA plc’s holdings, making the stock its 27th largest holding.

A number of other institutional investors have also made changes to their positions in the business. Capital Research Global Investors increased its position in Verizon Communications by 15.1% during the 2nd quarter. Capital Research Global Investors now owns 153,408,016 shares of the cell phone carrier’s stock worth $6,851,202,000 after buying an additional 20,070,391 shares during the period. FMR LLC increased its position in Verizon Communications by 15.0% during the 2nd quarter. FMR LLC now owns 61,833,096 shares of the cell phone carrier’s stock worth $2,761,466,000 after buying an additional 8,077,275 shares during the period. Vanguard Group Inc. increased its position in Verizon Communications by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 282,894,542 shares of the cell phone carrier’s stock worth $12,634,070,000 after buying an additional 5,837,702 shares during the period. Franklin Resources Inc. increased its position in Verizon Communications by 19.9% during the 2nd quarter. Franklin Resources Inc. now owns 21,820,729 shares of the cell phone carrier’s stock worth $974,515,000 after buying an additional 3,623,182 shares during the period. Finally, Principal Financial Group Inc. increased its position in Verizon Communications by 52.6% during the 2nd quarter. Principal Financial Group Inc. now owns 9,014,846 shares of the cell phone carrier’s stock worth $402,604,000 after buying an additional 3,107,054 shares during the period. 63.26% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Craig L. Silliman sold 610 shares of Verizon Communications stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $47.41, for a total transaction of $28,920.10. Following the sale, the executive vice president now directly owns 3,269 shares of the company’s stock, valued at $154,983.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

A number of research analysts recently commented on VZ shares. KeyCorp restated a “hold” rating on shares of Verizon Communications in a research report on Wednesday, October 11th. Moffett Nathanson restated a “buy” rating on shares of Verizon Communications in a research report on Thursday, October 12th. SunTrust Banks restated a “hold” rating and issued a $50.00 price target on shares of Verizon Communications in a research report on Friday, October 20th. Bank of America set a $52.00 price target on Verizon Communications and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Macquarie restated a “hold” rating and issued a $52.00 price target on shares of Verizon Communications in a research report on Sunday, October 22nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $53.37.

Verizon Communications Inc. (NYSE VZ) opened at $51.01 on Thursday. Verizon Communications Inc. has a 12-month low of $42.80 and a 12-month high of $54.77. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a market capitalization of $208,090.00, a PE ratio of 6.93, a price-to-earnings-growth ratio of 2.06 and a beta of 0.58.

Verizon Communications (NYSE:VZ) last released its earnings results on Tuesday, January 23rd. The cell phone carrier reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.02). Verizon Communications had a net margin of 23.88% and a return on equity of 48.97%. The business had revenue of $33.96 billion during the quarter, compared to the consensus estimate of $33.20 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The business’s revenue was up 2.2% on a year-over-year basis. equities research analysts forecast that Verizon Communications Inc. will post 4.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Tuesday, January 9th. Verizon Communications’s dividend payout ratio is presently 32.07%.

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Verizon Communications 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.

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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