Verizon Communications (VZ) : Maple Securities Usa Inc has sold out all of its stake in Verizon Communications during the most recent quarter, according to the disclosure filed by the company on Jul 13, 2016 with the SEC. The investment management company has sold out 37,247 shares of Verizon Communications which is valued at $2,085,832.
Other Hedge Funds, Including , Deroy Devereaux Private Investment Counsel Inc reduced its stake in VZ by selling 64 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 4,830 shares of VZ which is valued at $270,480. Verizon Communications makes up approx 0.03% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.F&v Capital Management reduced its stake in VZ by selling 2,140 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 149,258 shares of VZ which is valued at $8,343,522. Verizon Communications makes up approx 6.09% of F&v Capital Management’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.Integrated Investment Consultants reduced its stake in VZ by selling 786 shares or 5.78% in the most recent quarter. The Hedge Fund company now holds 12,822 shares of VZ which is valued at $724,828. Verizon Communications makes up approx 0.38% of Integrated Investment Consultants’s portfolio.
Verizon Communications opened for trading at $55.87 and hit $56 on the upside on Monday, eventually ending the session at $55.93, with a gain of 0.16% or 0.09 points. The heightened volatility saw the trading volume jump to 96,23,280 shares. Company has a market cap of $227,987 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. Wirelines 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.