Amica Pension Fund Board of Trustees raised its position in Verizon Communications Inc. (NYSE:VZ) by 10.5% during the 3rd quarter, Holdings Channel reports. The firm owned 184,801 shares of the cell phone carrier’s stock after acquiring an additional 17,561 shares during the period. Verizon Communications accounts for about 1.1% of Amica Pension Fund Board of Trustees’ portfolio, making the stock its 13th largest position. Amica Pension Fund Board of Trustees’ holdings in Verizon Communications were worth $9,146,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Greystone Managed Investments Inc. lifted its holdings in shares of Verizon Communications by 8.5% in the 2nd quarter. Greystone Managed Investments Inc. now owns 198,990 shares of the cell phone carrier’s stock worth $8,887,000 after acquiring an additional 15,600 shares during the last quarter. Eastern Bank lifted its holdings in shares of Verizon Communications by 0.4% in the 2nd quarter. Eastern Bank now owns 337,036 shares of the cell phone carrier’s stock worth $15,052,000 after acquiring an additional 1,401 shares during the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of Verizon Communications by 4.4% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 123,296 shares of the cell phone carrier’s stock worth $5,506,000 after acquiring an additional 5,230 shares during the last quarter. NGAM Advisors L.P. lifted its holdings in shares of Verizon Communications by 20.2% in the 2nd quarter. NGAM Advisors L.P. now owns 517,789 shares of the cell phone carrier’s stock worth $23,125,000 after acquiring an additional 87,172 shares during the last quarter. Finally, IBM Retirement Fund lifted its holdings in shares of Verizon Communications by 73.0% in the 2nd quarter. IBM Retirement Fund now owns 99,976 shares of the cell phone carrier’s stock worth $4,989,000 after acquiring an additional 42,190 shares during the last quarter. Institutional investors own 63.26% of the company’s stock.

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

Shares of Verizon Communications Inc. (NYSE:VZ) opened at $49.88 on Friday. Verizon Communications Inc. has a 52-week low of $42.80 and a 52-week 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 company has a market cap of $203,480.00, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 2.08 and a beta of 0.58.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Tuesday, January 23rd. The cell phone carrier reported $0.86 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 firm had revenue of $33.96 billion during the quarter, compared to analysts’ expectations of $33.20 billion. During the same period in the prior year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. equities research analysts anticipate that Verizon Communications Inc. will post 4.54 earnings per share for the current year.

The company also recently disclosed 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 dividend yield of 4.73%. The ex-dividend date was Tuesday, January 9th. Verizon Communications’s dividend payout ratio is presently 32.07%.

VZ has been the topic of several recent research reports. Instinet upped their target price on shares of Verizon Communications from $47.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Nomura raised shares of Verizon Communications from a “neutral” rating to a “buy” rating and upped their target price for the stock from $47.00 to $61.00 in a research note on Tuesday, December 12th. ValuEngine raised shares of Verizon Communications from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Bank of America set a $52.00 target price on shares of Verizon Communications and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $53.37.

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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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