Verizon Communications Inc (VZ) Files Form 4 Insider Selling : Craig L. Silliman Sells 672 Shares

Verizon Communications Inc (VZ): Craig L. Silliman , EVP of PubPolicy & Gen Counsel of Verizon Communications Inc sold 672 shares on Jun 24, 2016. The Insider selling transaction was reported by the company on Jun 28, 2016 to the Securities and Exchange Commission. The shares were sold at $54.56 per share for a total value of $36,664.32 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Craig L. Silliman (EVP of PubPolicy & Gen Counsel) sold 672 shares at $49.80 per share price.On Feb 26, 2016, Diego Scotti (EVP & Chief Marketing Officer) purchased 800 shares at $50.75 per share price.Also, On Aug 11, 2015, Marni M Walden (EVP&Pres of Prod Innov&New Bus) sold 8,229 shares at $46.26 per share price.On May 5, 2015, Anthony T Skiadas (SVP & Controller) sold 2,708 shares at $50.74 per share price.

Verizon Communications: On Monday, Jun 27, 2016 heightened volatility was witnessed in Verizon Communications which led to swings in the share price. The shares opened for trading at $54.06 and hit $54.87 on the upside , eventually ending the session at $54.74, with a gain of 0.57% or 0.31 points. The heightened volatility saw the trading volume jump to 2,25,81,038 shares. The 52-week high of the share price is $55.22 and the company has a market cap of $223,136 M . The 52-week low of the share price is at $38.06.

Verizon Communications Money Flow Index Chart

On Jun 2, 2016, Verizon Communications announced a cash dividend of $0.5650. The company’s management has announced Jul 6, 2016 as the ex-dividend date and fixed the record date on Jul 8, 2016. The payable date has been fixed on Aug 1, 2016.

Company has been under the radar of several Street Analysts.Verizon Communications is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 56 from a previous price target of $58 . The Rating was issued on Apr 26, 2016.Verizon Communications is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 52 from a previous price target of $51 .The Rating was issued on Apr 18, 2016.Verizon Communications is Downgraded by Jefferies to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 7, 2016.Verizon Communications is Downgraded by Bernstein to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 7, 2016.Verizon Communications is Initiated by Macquarie to Neutral. The Rating was issued 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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