Etf Portfolio Partners adds Verizon Communications (VZ) to its portfolio

Verizon Communications (VZ) : Etf Portfolio Partners added new position in Verizon Communications during the most recent quarter end. The investment management firm now holds 4,100 shares of Verizon Communications which is valued at $210,535 , the company said in a statement filed on Apr 12, 2016 with the SEC.Verizon Communications makes up approximately 0.18% of Etf Portfolio Partners’s portfolio.

Verizon Communications closed down -0.01 points or -0.02% at $51.35 with 1,18,61,953 shares getting traded on Friday. Post opening the session at $51.28, the shares hit an intraday low of $51.1 and an intraday high of $51.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Gofen Glossberg Il boosted its stake in VZ in the latest quarter, The investment management firm added 12,765 additional shares and now holds a total of 459,814 shares of Verizon Communications which is valued at $23,611,449. Verizon Communications makes up approx 0.99% of Gofen Glossberg Il’s portfolio.Central Bank Trust Co boosted its stake in VZ in the latest quarter, The investment management firm added 8,517 additional shares and now holds a total of 58,341 shares of Verizon Communications which is valued at $2,995,810. Verizon Communications makes up approx 0.83% of Central Bank Trust Co’s portfolio.Sunnymeath Asset Management boosted its stake in VZ in the latest quarter, The investment management firm added 2,610 additional shares and now holds a total of 12,710 shares of Verizon Communications which is valued at $655,963. Verizon Communications makes up approx 1.02% of Sunnymeath Asset Management’s portfolio.Burns J W Co Incny boosted its stake in VZ in the latest quarter, The investment management firm added 1,339 additional shares and now holds a total of 88,816 shares of Verizon Communications which is valued at $4,583,794. Verizon Communications makes up approx 1.46% of Burns J W Co Incny’s portfolio.Nadler Financial Group boosted its stake in VZ in the latest quarter, The investment management firm added 907 additional shares and now holds a total of 11,082 shares of Verizon Communications which is valued at $571,942. Verizon Communications makes up approx 0.25% of Nadler Financial Group’s portfolio.

On the company’s financial health, Verizon Communications reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $0.88. The company had revenue of $34254.00 million for the quarter, compared to analysts expectations of $34118.06 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on Verizon Communications. Verizon Communications was Downgraded by Jefferies to ” Hold” on Apr 7, 2016. Verizon Communications was Downgraded by Bernstein to ” Mkt Perform” on Apr 7, 2016. Verizon Communications was Initiated by Macquarie to “Neutral” on Apr 5, 2016.

Verizon Communications Inc. (Verizon) is a holding company that acting 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 includes the Cellco Partnership doing business as Verizon Wireless. Wireless’ communications products and services include wireless voice and data services and equipment sales which are provided to consumer business and government customers across the United States. Wireline’s voice data and video communications products and services include broadband video and data corporate networking solutions data center and cloud services security and managed network services and local and long distance voice services. Verizon provides these products and services to consumers in the United States as well as to carriers businesses and government customers both in the United States and around the world.

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