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Main » Stock to Track: Verizon Communications Inc. (NYSE:VZ)

Stock to Track: Verizon Communications Inc. (NYSE:VZ)

16 February 2017

Keating Investment Counselors Inc.'s holdings in Verizon Communications were worth $5,715,000 as of its most recent filing with the SEC. Northern Trust Corp increased its stake in shares of Verizon Communications by 1.1% in the third quarter. The stock tumbled -9.44 percent over the last 6 months.

According to sentiments of 22 analysts the mean estimates of short term price target for the company's stock is marked at $52.23. Solaris Asset Management LLC purchased a new position in Verizon Communications during the third quarter worth about $125,000. Guidant Wealth Advisors purchased a new position in Verizon Communications during the third quarter worth about $107,000.

If we look at stock performance in last active day trading, we see that stock has moved down -0.88% to end the day at $48.55. The legal version of this report can be read at (NYSE:VZ) is under coverage by number of analysts. The company had a trading volume of 18,316,075 shares.

AT&T, Inc. has distance from 20-day Simple Moving Average (SMA20) of -1.58%, Distance from 50-Day Simple Moving Average of -0.94 percent and Distance from 200-Day Simple Moving Average of 2.67%. These analysts have also projected a Low Estimate of $0.95/share and a High Estimate of $1.05/share. Verizon Communications Inc. P/E (price to earnings) ratio is 15.02 and Forward P/E ratio of 12.11. The cell phone carrier reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.03.

Verizon Communications Inc. (VZ) is in Raymond James's research list so their analyst rating change is noteworthy. Return on Equity (ROE) stands at 64.9% and Return on Investment (ROI) of 15.1 percent.

First Data Corporation (NYSE:FDC) reported fourth-quarter net income of $192 million, after reporting a loss in the same period a year earlier.

Groupon, Inc. (NASDAQ:GRPN) posted earnings of $-0.01/Share in the previous quarter, as compared to earnings of $-0.02/share estimated by analysts.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Perhaps, that suggests something about why 0.04% of the outstanding share supply is held by institutional investors. This represents a $2.31 annualized dividend and a dividend yield of 4.79%.

When we have a peek on stock's historical trends we come to know that, the stock has climbed 0.48% in the past one week and plunged -8.14% during previous one month drive, the stock went up 4.49% during past quarter. The ex-dividend date was Friday, January 6th. Verizon Communications was Initiated by HSBC Securities to Buy on Jan 19, 2017.

A number of research analysts have recently commented on VZ shares. Vetr upgraded Verizon Communications from a "buy" rating to a "strong-buy" rating and set a $58.40 price objective on the stock in a research report on Monday, September 12th. Morgan Stanley reaffirmed an "overweight" rating and set a $60.00 price objective on shares of Verizon Communications in a research report on Sunday, October 23rd. Zacks Investment Research cut Verizon Communications from a "hold" rating to a "sell" rating in a research note on Wednesday, October 19th. One analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and seven have issued a buy rating to the company's stock.

In other Verizon Communications news, EVP Craig L. Silliman sold 668 shares of Verizon Communications stock in a transaction that occurred on Tuesday, November 22nd.

3 Insider Sales transactions were made totaling 35882 shares traded. The stock stands almost -12.48% off versus the 52-week high and 6.03% away from the 52-week low. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Another firm also rated the stock on 25-Jan-17 where RBC Capital Mkts Downgrade the stock to Sector Perform. However a year ago during same quarter Apple Inc. The disclosure for this sale can be found here. Following the transaction, the executive vice president now directly owns 6,047 shares of the company's stock, valued at approximately $298,056.63.

Verizon Communications Inc (Verizon) is a holding company.