Janus Henderson Group PLC Acquires 879,522 Shares of Verizon Communications Inc. (VZ)

Janus Henderson Group PLC raised its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 31.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,641,820 shares of the cell phone carrier’s stock after purchasing an additional 879,522 shares during the period. Janus Henderson Group PLC owned about 0.09% of Verizon Communications worth $180,192,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Legacy Advisors LLC acquired a new position in shares of Verizon Communications during the third quarter valued at $132,000. Shine Investment Advisory Services Inc. lifted its holdings 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. Private Vista LLC lifted its holdings 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 worth $143,000 after purchasing an additional 378,225 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in Verizon Communications in the second quarter worth about $156,000. Finally, Regal Wealth Group Inc. lifted its holdings 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. Hedge funds and other institutional investors own 64.21% of the company’s stock.

Shares of Verizon Communications Inc. (VZ) opened at $48.29 on Friday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.91 and a quick ratio of 0.87. Verizon Communications Inc. has a 1 year low of $42.80 and a 1 year high of $54.77. The company has a market cap of $197,000.00, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.95 and a beta of 0.58.

Verizon Communications (NYSE:VZ) last issued 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). Verizon Communications had a return on equity of 48.97% and a net margin of 23.88%. The business had revenue of $33.96 billion during the quarter, compared to the consensus estimate of $33.20 billion. During the same quarter last year, the firm posted $0.86 earnings per share. Verizon Communications’s revenue was up 2.2% compared to the same quarter last year. equities analysts anticipate that Verizon Communications Inc. will post 4.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Tuesday, January 9th. Verizon Communications’s dividend payout ratio (DPR) is presently 72.39%.

Several equities research analysts recently weighed in on VZ shares. Nomura raised shares of Verizon Communications from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $61.00 in a report on Tuesday, December 12th. Vetr raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $54.80 price objective for the company in a report on Monday, February 5th. KeyCorp upped their price objective on shares of Verizon Communications from $50.00 to $53.00 and gave the stock a “sector weight” rating in a report on Tuesday, January 2nd. ValuEngine raised shares of Verizon Communications from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, HSBC downgraded shares of Verizon Communications from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $54.83 to $42.80 in a report on Thursday, December 14th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.48.

In other Verizon Communications news, EVP Craig L. Silliman sold 610 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $47.41, for a total value of $28,920.10. Following the sale, the executive vice president now directly owns 3,269 shares in the company, valued at $154,983.29. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Anthony T. Skiadas sold 6,967 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $49.80, for a total value of $346,956.60. Following the sale, the senior vice president now owns 16,059 shares in the company, valued at approximately $799,738.20. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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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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