Howland Capital Management LLC Has $762,000 Stake in Verizon Communications Inc. (NYSE:VZ)

Howland Capital Management LLC lowered its position in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,214 shares of the cell phone carrier’s stock after selling 1,500 shares during the quarter. Howland Capital Management LLC’s holdings in Verizon Communications were worth $762,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VZ. Portland Investment Counsel Inc. grew its stake in Verizon Communications by 173.7% in the third quarter. Portland Investment Counsel Inc. now owns 652,169 shares of the cell phone carrier’s stock valued at $21,137,000 after acquiring an additional 413,869 shares during the period. Dynamic Advisor Solutions LLC grew its stake in Verizon Communications by 1.3% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 127,632 shares of the cell phone carrier’s stock valued at $5,131,000 after acquiring an additional 1,616 shares during the period. 180 Wealth Advisors LLC grew its stake in Verizon Communications by 6.2% in the third quarter. 180 Wealth Advisors LLC now owns 51,757 shares of the cell phone carrier’s stock valued at $1,677,000 after acquiring an additional 3,020 shares during the period. Fidelity D & D Bancorp Inc. acquired a new position in Verizon Communications in the third quarter valued at about $306,000. Finally, Regal Investment Advisors LLC grew its stake in Verizon Communications by 24.1% in the third quarter. Regal Investment Advisors LLC now owns 183,615 shares of the cell phone carrier’s stock valued at $5,951,000 after acquiring an additional 35,675 shares during the period. Institutional investors own 62.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VZ. Raymond James boosted their target price on Verizon Communications from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Oppenheimer reissued an “outperform” rating and issued a $48.00 target price on shares of Verizon Communications in a research note on Wednesday. UBS Group upped their price objective on Verizon Communications from $37.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. KeyCorp upped their price objective on Verizon Communications from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company upped their price objective on Verizon Communications from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.50.

Read Our Latest Report on Verizon Communications

Insider Buying and Selling at Verizon Communications

In other news, CEO Kyle Malady sold 24,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $40.80, for a total transaction of $979,200.00. Following the transaction, the chief executive officer now owns 35,201 shares in the company, valued at $1,436,200.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Verizon Communications Stock Up 0.5 %

VZ traded up $0.20 on Wednesday, hitting $42.74. 3,759,981 shares of the company were exchanged, compared to its average volume of 19,939,611. Verizon Communications Inc. has a 12 month low of $30.14 and a 12 month high of $43.21. The company has a market cap of $179.69 billion, a PE ratio of 15.46, a PEG ratio of 3.43 and a beta of 0.41. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.65 and a current ratio of 0.69. The stock’s fifty day moving average is $40.74 and its 200-day moving average is $37.60.

Verizon Communications (NYSE:VZGet Free Report) last released its earnings results on Tuesday, January 23rd. The cell phone carrier reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $35.10 billion for the quarter, compared to analyst estimates of $34.60 billion. Verizon Communications had a return on equity of 20.71% and a net margin of 8.67%. Verizon Communications’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 earnings per share. Equities research analysts predict that Verizon Communications Inc. will post 4.61 EPS for the current fiscal year.

Verizon Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.665 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.66 annualized dividend and a yield of 6.22%. Verizon Communications’s dividend payout ratio is 96.38%.

Verizon Communications Company Profile

(Free Report)

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).

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

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