Breton Hill Capital Ltd. buys $8,951,320 stake in Verizon Communications (VZ)

Verizon Communications (VZ) : Breton Hill Capital Ltd. scooped up 36,730 additional shares in Verizon Communications during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 159,845 shares of Verizon Communications which is valued at $8,951,320.Verizon Communications makes up approximately 2.79% of Breton Hill Capital Ltd.’s portfolio.

Other Hedge Funds, Including , Patton Albertson Miller Group reduced its stake in VZ by selling 4,127 shares or 6.47% in the most recent quarter. The Hedge Fund company now holds 59,615 shares of VZ which is valued at $3,338,440. Verizon Communications makes up approx 1.46% of Patton Albertson Miller Group’s portfolio. Lenox Wealth Advisors sold out all of its stake in VZ during the most recent quarter. The investment firm sold 91 shares of VZ which is valued $5,096.Salem Capital Management Inc boosted its stake in VZ in the latest quarter, The investment management firm added 2,312 additional shares and now holds a total of 77,156 shares of Verizon Communications which is valued at $4,320,736. Verizon Communications makes up approx 2.42% of Salem Capital Management Inc’s portfolio.Cohen Lawrence B boosted its stake in VZ in the latest quarter, The investment management firm added 4,970 additional shares and now holds a total of 57,545 shares of Verizon Communications which is valued at $3,216,766. Verizon Communications makes up approx 1.89% of Cohen Lawrence B’s portfolio.Marshwinds Advisory Co boosted its stake in VZ in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 55,786 shares of Verizon Communications which is valued at $3,118,437. Verizon Communications makes up approx 1.51% of Marshwinds Advisory Co’s portfolio.

Verizon Communications (VZ) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $56.05 and reached the intraday high at $56.08. The bulls started the profit booking and pushed the shares to intraday low of $55.6. The trading session was marked by a volume range of 1,39,49,691 shares exchanging hands. The 52-week high of the shares is $56.95 and the 52-week low is $38.06. The market cap of the company stands at $227,620 M and there are 4,07,62,88,100 shares in public circulation.

On the company’s financial health, Verizon Communications reported $1.06 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $1.06. The company had revenue of $32171.00 million for the quarter, compared to analysts expectations of $32481.10 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Many Wall Street Analysts have commented on Verizon Communications. Shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform” and Lowered the Price Target to $ 56 from a previous price target of $58 .Company shares were Reiterated by Barclays on Apr 18, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 52 from a previous price target of $51 .

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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