Verizon Communications Inc. 5.9 (NYSE:VZA) Trading Volume Significantly Lower

Marco Green
October 13, 2017

The company now has an average rating of Hold and an average price target of $52.86.

Company shares are trading at $48.86 just above $48.48, the stock's 50 day moving average and just a bit higher than the 200 day moving average of $47.04. BidaskClub raised Verizon Communications from a strong sell rating to a sell rating in a research report on Monday, July 31st. Macquarie Research initiated the shares of VZ in report on Tuesday, April 5 with "Neutral" rating. TheStreet upgraded Verizon Communications from a "c+" rating to a "b-" rating in a research note on Tuesday, August 8th. Wells Fargo & Company reaffirmed a "market perform" rating on shares of Verizon Communications in a research note on Wednesday, June 28th. (NYSE:VZ) has "Hold" rating given on Thursday, August 10 by Oppenheimer. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) earned "Hold" rating by Jefferies on Friday, October 6. As per Wednesday, October 4, the company rating was maintained by Robert W. Baird. Gabelli also issued estimates for Verizon Communications' FY2021 earnings at $4.50 EPS. Hilliard Lyons downgraded the shares of VZ in report on Wednesday, July 27 to "Neutral" rating. Stockholders of record on Tuesday, October 10th will be issued a $0.59 dividend. (NYSE:VZ) for 20,414 shares.

Nuvasive Incorporated (NASDAQ:NUVA) had a decrease of 6.11% in short interest.

Shares of Verizon Communications (VZ) traded down 1.04% during midday trading on Wednesday, hitting $48.35. (NYSE:VZ). Moreover, Ami Asset Mgmt Corp has 0.86% invested in Verizon Communications Inc. It has underperformed by 16.70% the S&P500. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies.

Usually, the ROE ratio's between 12-15 percent are considered desirable. The Company's divisions include Wireless and Wireline. Verizon Communications has a 12-month low of $42.80 and a 12-month high of $54.83. (NYSE:VZ). Folger Nolan Fleming Douglas Cap Inc invested in 56,069 shares. They expect $0.98 earnings per share, down 2.97% or $0.03 from last year's $1.01 per share. On average, equities research analysts forecast that Verizon Communications Inc. will post $3.77 EPS for the current year. LVM Capital Management Ltd. MI boosted its stake in shares of Verizon Communications by 1.5% during the 2nd quarter.

Since May 1, 2017, it had 0 insider purchases, and 2 sales for $781,618 activity. The insider WALDEN MARNI M sold 16,362 shares worth $753,961. The firm owned 27,182 shares of the cell phone carrier's stock after selling 6,763 shares during the quarter. About 7.13M shares traded.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Thursday, July 27th. It last reported revenues of $30.55 billion and EPS of $0.96 for the June 2017, representing 0% top-line growth and 0.94 EPS growth. The analysts estimated mean EPS at 0.96 while the high and low EPS estimate stand at 1 and 0.91 respectively.

Goodwin Daniel L increased its stake in Verizon Communications Inc (VZ) by 120% based on its latest 2017Q2 regulatory filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in VZ. State Street Corp now owns 168,115,884 shares of the cell phone carrier's stock valued at $8,195,661,000 after acquiring an additional 2,066,816 shares in the last quarter. Following the completion of the sale, the executive vice president now owns 7,209 shares of the company's stock, valued at $350,717.85. Cap Mgmt Ltd Com stated it has 66,642 shares or 0.24% of all its holdings. Sanctuary Wealth Advsr Ltd Llc, a California-based fund reported 4,000 shares. It is negative, as 37 investors sold NuVasive, Inc. shares while 82 reduced holdings. Capital Research Global Investors lifted its position in Verizon Communications by 15.1% in the 2nd quarter. The correct version of this news story can be accessed at https://weekherald.com/2017/10/11/verizon-communications-inc-vz-shares-sold-by-cascade-investment-advisors-inc.html. (NYSE:VZ). Smith Chas P & Pa Cpas invested in 2.64% or 405,633 shares. Ronna Sue Cohen holds 0.16% or 4,832 shares. King Luther Capital Mngmt Corp, a Texas-based fund reported 280,720 shares.

Nordea Investment Management Ab, which manages about $39.70 billion US Long portfolio, upped its stake in Facebook (NASDAQ:FB) by 58,309 shares to 2.08M shares, valued at $313.41 million in 2017Q2, according to the filing. Huntington National Bank & Trust invested 0.57% of its portfolio in Verizon Communications Inc. Fukoku Mutual Life Communications has invested 0% of its portfolio in Marathon Oil Corporation (NYSE:MRO).

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