Here is the rundown on market activity for Verizon Communications Inc. Com (NYSE:VZ). Yesterday EVP Craig L. Silliman disclosed the sale of 672 shares. The shares were sold on September 26th for an average price of $52.40. The EVP now owns $516,350 of the stock according to the SEC filing.
These funds have also shifted positions in (VZ). Evercore Wealth Management, LLC trimmed its ownership by selling 32,496 shares a decrease of 70.0%. Evercore Wealth Management, LLC now controls 13,922 shares worth $777,000. The value of the position overall is down by 69.0%. As of quarter end Pinkerton Retirement Specialists, LLC had acquired 44,912 shares growing its holdings by 44,467.3%. The value of the investment in (VZ) went from $5,000 to $2,514,000 increasing 50,180.0% for the reporting period.
As of the end of the quarter BNP Paribas Investment Partners S.A. had sold a total of 83,851 shares trimming its position 48.0%. The value of the investment in VZ decreased from $8,080,000 to $5,080,000 a change of $3,000,000 quarter to quarter. Macquarie Group Ltd expanded its stake by buying 1,600 shares an increase of 12.0% from 03/31/2016 to 06/30/2016. Macquarie Group Ltd owns 14,882 shares valued at $831,000. The total value of its holdings increased 15.7%.
On July 27 the stock rating was downgraded to “Neutral” from “” by analysts at Hilliard Lyons. On July 20 the company was downgraded from “Outperform” to “Perform” in a report from Oppenheimer.
On April 18 Barclays made no change to the stock rating of “Equal-weight” and moved up the price target from $51.00 to $52.00. On April 7 the company was downgraded from “Outperform” to “Market Perform” and a price target of $55.00 was set by Bernstein.
On April 7, 2016 the stock rating was changed to a “Hold” by Jefferies which was a cut from the previous “Buy” rating. Bernstein raised the price target and downgraded the stock on April 7 changing the price objective from $54.00 to $55.00 and moving the rating from “Outperform” to “Market Perform”.
In the market the company is trading unchanged by 0.00 percent from yesterday’s close. The company recently declared a dividend for shareholders that was paid on Mon Aug 1, 2016. The dividend was $0.578 per share for the quarter which is $2.31 annualized. This dividend amount represented a yeild of $4.39. The ex-dividend date was Wednesday the 6th of July 2016.
The stock last traded at $52.49 which is marginally lower than the 50 day moving average which is $52.59 and a tad below the 200 day moving average of $52.84. The 50 day moving average was down by -0.20% and the 200 day average moved down $-0.35.
The company currently has a P/E ratio of 14.83 and market cap is 213.97B. In the latest earnings report the EPS was $3.54 and is estimated to be $3.89 for the current year with 4,076,301,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.91 with next year’s EPS projected to be $4.03.