Verizon Communications (NYSE:VZ) Holdings Raised by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. raised its stake in Verizon Communications (NYSE:VZ) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,279 shares of the cell phone carrier’s stock after acquiring an additional 5,414 shares during the period. Verizon Communications comprises about 0.8% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 13th largest position. Koshinski Asset Management Inc.’s holdings in Verizon Communications were worth $3,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the business. Regal Wealth Group Inc. boosted 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 worth $164,000 after purchasing an additional 24 shares in the last quarter. Glassman Wealth Services lifted its stake in shares of Verizon Communications by 0.4% during the second quarter. Glassman Wealth Services now owns 7,719 shares of the cell phone carrier’s stock valued at $345,000 after acquiring an additional 31 shares during the period. DF Dent & Co. Inc. lifted its stake in shares of Verizon Communications by 0.6% during the second quarter. DF Dent & Co. Inc. now owns 8,506 shares of the cell phone carrier’s stock valued at $380,000 after acquiring an additional 50 shares during the period. Aureus Asset Management LLC lifted its stake in shares of Verizon Communications by 0.6% during the second quarter. Aureus Asset Management LLC now owns 11,190 shares of the cell phone carrier’s stock valued at $500,000 after acquiring an additional 70 shares during the period. Finally, Keel Point LLC lifted its stake in shares of Verizon Communications by 0.6% during the second quarter. Keel Point LLC now owns 12,359 shares of the cell phone carrier’s stock valued at $552,000 after acquiring an additional 78 shares during the period. Hedge funds and other institutional investors own 64.00% of the company’s stock.

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In other Verizon Communications news, SVP Anthony T. Skiadas sold 6,967 shares of the 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 completion of the sale, the senior vice president now directly owns 16,059 shares in the company, valued at $799,738.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

VZ has been the topic of several research reports. Nomura raised Verizon Communications from a “neutral” rating to a “buy” rating and upped their price target for the company from $47.00 to $61.00 in a research note on Tuesday, December 12th. Instinet upped their price target on Verizon Communications from $47.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. HSBC lowered Verizon Communications from a “buy” rating to a “hold” rating and cut 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. KeyCorp upped their price target on Verizon Communications from $50.00 to $53.00 and gave the company a “sector weight” rating in a research note on Tuesday, January 2nd. Finally, Moffett Nathanson lowered Verizon Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $54.24.

NYSE VZ traded down $0.76 on Friday, reaching $47.48. The company had a trading volume of 16,064,191 shares, compared to its average volume of 13,778,864. The company has a market capitalization of $199,132.98, a PE ratio of 12.70, a P/E/G ratio of 1.96 and a beta of 0.64. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.54. Verizon Communications has a 52 week low of $42.80 and a 52 week high of $54.77.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings results on Tuesday, January 23rd. The cell phone carrier reported $0.86 earnings per share (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 company earned $0.86 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. sell-side analysts predict that Verizon Communications will post 4.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 9th. This represents a $2.36 annualized dividend and a dividend yield of 4.97%. Verizon Communications’s dividend payout ratio (DPR) is currently 63.10%.

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Verizon Communications Company 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; multimedia, business-focused, and location-based services, as well as international travel services; and network access services to deliver various Internet of Things products and services.

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

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