Nomura Asset Management Co. Ltd. Buys 35,815 Shares of Verizon Communications Inc. (VZ)
Nomura Asset Management Co. Ltd. boosted its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 874,404 shares of the cell phone carrier’s stock after buying an additional 35,815 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Verizon Communications were worth $43,274,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in Verizon Communications during the 2nd quarter valued at $623,000. Shine Investment Advisory Services Inc. increased its stake in Verizon Communications by 190.9% in the third quarter. Shine Investment Advisory Services Inc. now owns 2,705 shares of the cell phone carrier’s stock worth $134,000 after purchasing an additional 1,775 shares during the period. Legacy Advisors LLC purchased a new stake in Verizon Communications in the third quarter worth $132,000. Mountain Capital Investment Advisors Inc purchased a new stake in Verizon Communications in the second quarter worth $156,000. Finally, Regal Wealth Group Inc. increased its stake in Verizon Communications by 0.7% in the second quarter. Regal Wealth Group Inc. now owns 3,682 shares of the cell phone carrier’s stock worth $164,000 after purchasing an additional 24 shares during the period. Institutional investors own 64.21% of the company’s stock.
In related news, EVP Craig L. Silliman sold 610 shares of the firm’s 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 owns 3,269 shares of the company’s stock, valued at $154,983.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Anthony T. Skiadas sold 6,967 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $49.80, for a total value of $346,956.60. Following the sale, the senior vice president now directly owns 16,059 shares in the company, valued at approximately $799,738.20. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.
Verizon Communications Inc. (NYSE VZ) opened at $47.96 on Thursday. The company has a market capitalization of $195,650.00, a price-to-earnings ratio of 14.71, a PEG ratio of 2.04 and a beta of 0.58. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.87 and a current ratio of 0.91. Verizon Communications Inc. has a 52 week low of $42.80 and a 52 week high of $54.77.
Verizon Communications (NYSE:VZ) last announced its quarterly earnings results on Tuesday, January 23rd. The cell phone carrier reported $0.86 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.02). The firm had revenue of $33.96 billion for the quarter, compared to analysts’ expectations of $33.20 billion. Verizon Communications had a net margin of 23.88% and a return on equity of 48.97%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 EPS. analysts forecast that Verizon Communications Inc. will post 4.54 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 9th. This represents a $2.36 annualized dividend and a dividend yield of 4.92%. Verizon Communications’s dividend payout ratio is currently 72.39%.
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.
Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZ).
Receive News & Ratings for Verizon Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verizon Communications and related companies with MarketBeat.com's FREE daily email newsletter.