Verizon Communications Inc. (NYSE:VZ) Stock Holdings Boosted by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its position in shares of Verizon Communications Inc. (NYSE:VZ) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 261,250 shares of the cell phone carrier’s stock after acquiring an additional 2,296 shares during the period. TD Private Client Wealth LLC’s holdings in Verizon Communications were worth $10,447,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of VZ. Foundations Investment Advisors LLC grew its position in Verizon Communications by 27.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 222,366 shares of the cell phone carrier’s stock valued at $8,892,000 after buying an additional 48,294 shares in the last quarter. Roffman Miller Associates Inc. PA grew its position in Verizon Communications by 1.8% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 382,678 shares of the cell phone carrier’s stock valued at $15,303,000 after buying an additional 6,795 shares in the last quarter. Kestra Investment Management LLC bought a new position in Verizon Communications in the 3rd quarter valued at about $3,376,000. Burney Co. grew its position in Verizon Communications by 30.4% in the 4th quarter. Burney Co. now owns 186,621 shares of the cell phone carrier’s stock valued at $7,463,000 after buying an additional 43,472 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its position in Verizon Communications by 1,934.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,080,015 shares of the cell phone carrier’s stock valued at $48,503,000 after buying an additional 1,026,930 shares in the last quarter. Institutional investors own 62.06% of the company’s stock.

Insider Transactions at Verizon Communications

In related news, CEO Kyle Malady sold 11,085 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $40.88, for a total value of $453,154.80. Following the transaction, the chief executive officer now owns 14,590 shares in the company, valued at approximately $596,439.20. This represents a 43.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Vandana Venkatesh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $43.79, for a total value of $437,900.00. Following the completion of the transaction, the executive vice president now owns 14,459 shares in the company, valued at $633,159.61. This represents a 40.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,085 shares of company stock valued at $2,020,895 over the last three months. 0.02% of the stock is owned by corporate insiders.

Verizon Communications Price Performance

NYSE VZ opened at $43.74 on Friday. The company has a 50 day simple moving average of $41.39 and a 200-day simple moving average of $41.99. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.63 and a quick ratio of 0.59. The firm has a market capitalization of $184.14 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 4.45 and a beta of 0.41. Verizon Communications Inc. has a 52-week low of $37.59 and a 52-week high of $47.36.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Friday, January 24th. The cell phone carrier reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). Verizon Communications had a return on equity of 19.80% and a net margin of 12.99%. During the same quarter in the previous year, the business earned $1.08 earnings per share. Equities research analysts predict that Verizon Communications Inc. will post 4.69 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.6775 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date is Thursday, April 10th. Verizon Communications’s dividend payout ratio (DPR) is 65.46%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Verizon Communications from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, January 24th. StockNews.com lowered shares of Verizon Communications from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th. Argus upgraded shares of Verizon Communications to a “strong-buy” rating in a research report on Monday, January 27th. Tigress Financial restated a “buy” rating and set a $55.00 price objective on shares of Verizon Communications in a research report on Thursday, January 30th. Finally, Wolfe Research lowered shares of Verizon Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, March 12th. Eleven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.11.

Verizon Communications Company Profile

Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).