Verizon Communications Inc. (NYSE:VZ) Holdings Increased by Linscomb & Williams Inc.

Linscomb & Williams Inc. lifted its position in Verizon Communications Inc. (NYSE:VZ) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,755 shares of the cell phone carrier’s stock after purchasing an additional 3,529 shares during the quarter. Linscomb & Williams Inc.’s holdings in Verizon Communications were worth $4,788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VZ. Private Vista LLC increased its stake in Verizon Communications by 3,339.1% in the second quarter. Private Vista LLC now owns 389,552 shares of the cell phone carrier’s stock valued at $143,000 after purchasing an additional 378,225 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Verizon Communications in the second quarter valued at approximately $156,000. 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 valued at $164,000 after purchasing an additional 24 shares during the last quarter. Camarda Financial Advisors LLC increased its stake in Verizon Communications by 11.3% in the second quarter. Camarda Financial Advisors LLC now owns 3,749 shares of the cell phone carrier’s stock valued at $167,000 after purchasing an additional 382 shares during the last quarter. Finally, Atlantic Trust LLC increased its stake in Verizon Communications by 9.9% in the second quarter. Atlantic Trust LLC now owns 11,164 shares of the cell phone carrier’s stock valued at $170,000 after purchasing an additional 1,005 shares during the last quarter. 63.21% of the stock is currently owned by institutional investors.

Several brokerages have commented on VZ. HSBC lowered shares of Verizon Communications from a “buy” rating to a “hold” rating and dropped their price target for the company from $54.83 to $42.80 in a research note on Thursday, December 14th. They noted that the move was a valuation call. Bank of America set a $52.00 target price on shares of Verizon Communications and gave the stock a “buy” rating in a research report on Friday, October 20th. Robert W. Baird restated a “hold” rating and set a $49.00 target price on shares of Verizon Communications in a research report on Wednesday, October 4th. ValuEngine upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, KeyCorp restated a “hold” rating on shares of Verizon Communications in a research report on Saturday, October 21st. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $51.98.

In related news, EVP Craig L. Silliman sold 610 shares of Verizon Communications 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 completion of the sale, the executive vice president now owns 3,269 shares in the company, valued at approximately $154,983.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Verizon Communications Inc. (VZ) traded down $0.25 during trading hours on Friday, hitting $51.86. The stock had a trading volume of 17,673,452 shares, compared to its average volume of 16,230,000. The firm has a market cap of $211,560.00, a P/E ratio of 13.30, a PEG ratio of 4.71 and a beta of 0.57. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 4.05. Verizon Communications Inc. has a fifty-two week low of $42.80 and a fifty-two week high of $53.69.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Thursday, October 19th. The cell phone carrier reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. The business had revenue of $31.70 billion during the quarter, compared to the consensus estimate of $31.45 billion. Verizon Communications had a return on equity of 58.66% and a net margin of 12.80%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.01 EPS. equities analysts forecast that Verizon Communications Inc. will post 3.77 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Tuesday, January 9th. Verizon Communications’s dividend payout ratio (DPR) is presently 60.51%.

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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.

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

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