Lvm Capital Management Ltdmi buys $10,031,758 stake in Verizon Communications (VZ)

Verizon Communications (VZ) : Lvm Capital Management Ltdmi scooped up 9,050 additional shares in Verizon Communications during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 8, 2016. The investment management firm now holds a total of 179,459 shares of Verizon Communications which is valued at $10,031,758.Verizon Communications makes up approximately 2.88% of Lvm Capital Management Ltdmi’s portfolio.

Other Hedge Funds, Including , Howland Capital Management boosted its stake in VZ in the latest quarter, The investment management firm added 2,818 additional shares and now holds a total of 145,131 shares of Verizon Communications which is valued at $8,112,823. Verizon Communications makes up approx 0.76% of Howland Capital Management’s portfolio.Moreno Evelyn V boosted its stake in VZ in the latest quarter, The investment management firm added 545 additional shares and now holds a total of 99,306 shares of Verizon Communications which is valued at $5,551,205. Verizon Communications makes up approx 2.07% of Moreno Evelyn V’s portfolio.Deane Retirement Strategies reduced its stake in VZ by selling 1,472 shares or 1.8% in the most recent quarter. The Hedge Fund company now holds 80,190 shares of VZ which is valued at $4,533,141. Verizon Communications makes up approx 4.10% of Deane Retirement Strategies’s portfolio.Needelman Asset Management Inc reduced its stake in VZ by selling 45 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 16,107 shares of VZ which is valued at $910,529. Verizon Communications makes up approx 2.62% of Needelman Asset Management Inc’s portfolio.

Verizon Communications opened for trading at $55.58 and hit $56.04 on the upside on Wednesday, eventually ending the session at $56, with a gain of 0.96% or 0.53 points. The heightened volatility saw the trading volume jump to 1,14,05,623 shares. Company has a market cap of $228,272 M.

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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