Weather Gauge Advisory LLC boosted its position in Verizon Communications Inc. (NYSE:VZ) by 6.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,696 shares of the cell phone carrier’s stock after purchasing an additional 957 shares during the quarter. Verizon Communications accounts for about 1.1% of Weather Gauge Advisory LLC’s holdings, making the stock its 29th largest holding. Weather Gauge Advisory LLC’s holdings in Verizon Communications were worth $934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. Winslow Evans & Crocker Inc. grew its holdings in shares of Verizon Communications by 5.0% during the second quarter. Winslow Evans & Crocker Inc. now owns 63,285 shares of the cell phone carrier’s stock worth $3,488,000 after purchasing an additional 3,011 shares in the last quarter. Bigelow Investment Advisors LLC increased its holdings in shares of Verizon Communications by 17.5% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 22,202 shares of the cell phone carrier’s stock worth $1,224,000 after buying an additional 3,314 shares during the last quarter. LifeSteps Financial Inc. raised its position in shares of Verizon Communications by 2.4% during the 2nd quarter. LifeSteps Financial Inc. now owns 12,753 shares of the cell phone carrier’s stock valued at $703,000 after buying an additional 302 shares in the last quarter. Davidson Investment Advisors lifted its holdings in shares of Verizon Communications by 21.4% during the 2nd quarter. Davidson Investment Advisors now owns 4,533 shares of the cell phone carrier’s stock worth $250,000 after acquiring an additional 800 shares during the last quarter. Finally, McAdam LLC grew its position in Verizon Communications by 8.2% in the second quarter. McAdam LLC now owns 13,326 shares of the cell phone carrier’s stock worth $735,000 after acquiring an additional 1,005 shares in the last quarter. 64.85% of the stock is owned by hedge funds and other institutional investors.

NYSE VZ opened at $58.05 on Friday. Verizon Communications Inc. has a 1 year low of $48.84 and a 1 year high of $62.22. The stock has a market capitalization of $240.21 billion, a PE ratio of 12.59, a PEG ratio of 3.67 and a beta of 0.46. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.96 and a quick ratio of 0.93. The business’s 50-day moving average is $59.66 and its 200 day moving average is $57.28.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.03. Verizon Communications had a return on equity of 32.15% and a net margin of 14.76%. The business had revenue of $30.40 billion during the quarter, compared to analysts’ expectations of $29.98 billion. During the same quarter last year, the business posted $1.23 EPS. The business’s revenue was down 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that Verizon Communications Inc. will post 4.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 9th will be paid a $0.6275 dividend. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, October 8th. This represents a $2.51 dividend on an annualized basis and a yield of 4.32%. Verizon Communications’s dividend payout ratio (DPR) is presently 52.18%.

VZ has been the subject of several research analyst reports. Credit Suisse Group reaffirmed a “hold” rating and set a $61.00 price target on shares of Verizon Communications in a research note on Thursday, July 2nd. Moffett Nathanson restated a “hold” rating and issued a $62.00 target price on shares of Verizon Communications in a research report on Friday, July 24th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $57.00 target price on shares of Verizon Communications in a research note on Wednesday, September 9th. Raymond James lifted their price target on shares of Verizon Communications from $61.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, Tigress Financial restated a “hold” rating on shares of Verizon Communications in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Verizon Communications has an average rating of “Hold” and an average target price of $62.24.

Verizon Communications Profile

Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms.

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

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