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 Sep 26, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $52.40 per share for a total value of $35,212.80 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 30, 2016, Craig L. Silliman (EVP of PubPolicy & Gen Counsel) sold 672 shares at $52.76 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 Tuesday, Sep 27, 2016 heightened volatility was witnessed in Verizon Communications which led to swings in the share price. The shares opened for trading at $52.31 and hit $52.66 on the upside , eventually ending the session at $52.49, with a gain of 0.65% or 0.34 points. The heightened volatility saw the trading volume jump to 82,59,032 shares. The 52-week high of the share price is $56.95 and the company has a market cap of $213,965 M . The 52-week low of the share price is at $42.2.

Verizon Communications Money Flow Index Chart

On Sep 16, 2016, Verizon Communications announced a cash dividend of $0.5775. The company’s management has announced Oct 5, 2016 as the ex-dividend date and fixed the record date on Oct 7, 2016. The payable date has been fixed on Nov 1, 2016.

Company has been under the radar of several Street Analysts.Verizon Communications is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 57 from a previous price target of $54 .The Rating was issued on Jul 27, 2016.Verizon Communications is Downgraded by Hilliard Lyons to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 27, 2016.Verizon Communications is Downgraded by Oppenheimer to Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jul 20, 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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