Cardinal Capital Management Inc. Buys 1,357 Shares of Verizon Communications Inc. (NYSE:VZ)
Cardinal Capital Management Inc. Buys 1,357 Shares of Verizon Communications Inc. (NYSE:VZ)
Cardinal Capital Management Inc. grew its position in Verizon Communications Inc. (NYSE:VZ – Get Rating) by 5.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 24,724 shares of the cell phone carrier's stock after acquiring an additional 1,357 shares during the period. Cardinal Capital Management Inc.'s holdings in Verizon Communications were worth $1,255,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Rinkey Investments acquired a new stake in shares of Verizon Communications during the fourth quarter valued at about $27,000. Cordant Inc. acquired a new stake in Verizon Communications during the 1st quarter worth approximately $30,000. Lansing Street Advisors acquired a new stake in Verizon Communications during the 1st quarter worth approximately $35,000. Conrad Siegel Investment Advisors Inc. bought a new stake in Verizon Communications during the 1st quarter worth approximately $36,000. Finally, Gibson Wealth Advisors LLC acquired a new position in Verizon Communications in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 62.83% of the company's stock.
Get Verizon Communications alerts:Insider Activity at Verizon Communications
In other Verizon Communications news, EVP Craig L. Silliman sold 1,558 shares of Verizon Communications stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $51.42, for a total transaction of $80,112.36. Following the transaction, the executive vice president now directly owns 33,403 shares of the company's stock, valued at approximately $1,717,582.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.
Verizon Communications Stock Performance
Shares of VZ opened at $39.52 on Friday. Verizon Communications Inc. has a one year low of $39.11 and a one year high of $55.51. The company has a market cap of $165.97 billion, a PE ratio of 7.92, a P/E/G ratio of 1.83 and a beta of 0.36. The stock has a 50-day moving average of $43.77 and a 200-day moving average of $48.41. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.76 and a quick ratio of 0.69.Verizon Communications (NYSE:VZ – Get Rating) last announced its quarterly earnings data on Friday, July 22nd. The cell phone carrier reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.32 by ($0.01). Verizon Communications had a net margin of 15.48% and a return on equity of 26.95%. The firm had revenue of $33.79 billion during the quarter, compared to analyst estimates of $33.77 billion. During the same period last year, the business posted $1.37 EPS. The company's revenue was up .1% on a year-over-year basis. On average, equities research analysts predict that Verizon Communications Inc. will post 5.19 EPS for the current fiscal year.
Verizon Communications Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, October 7th will be paid a $0.6525 dividend. The ex-dividend date is Thursday, October 6th. This is an increase from Verizon Communications's previous quarterly dividend of $0.64. This represents a $2.61 annualized dividend and a dividend yield of 6.60%. Verizon Communications's dividend payout ratio is 51.30%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Verizon Communications from $59.00 to $58.00 in a report on Tuesday, July 19th. Wells Fargo & Company reduced their price target on Verizon Communications from $58.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Friday, July 8th. Royal Bank of Canada lowered their price objective on Verizon Communications from $57.00 to $54.00 and set a "sector perform" rating for the company in a research report on Wednesday, June 22nd. Scotiabank cut Verizon Communications from a "sector outperform" rating to a "sector perform" rating in a report on Friday, July 22nd. Finally, JPMorgan Chase & Co. restated a "hold" rating and set a $57.00 price target on shares of Verizon Communications in a report on Friday, June 24th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $55.61.
Verizon Communications Profile
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Verizon Communications Inc, through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices comprising smart watches.
Further Reading
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Cardinal Capital Management Inc.最近提交給美國證券交易委員會的文件顯示,今年第二季度,該公司將其在Verizon的持股比例增加了5.8%。該基金持有24,724股這家手機運營商的股票,在此期間又購買了1,357股。截至最近向美國證券交易委員會提交的文件,Cardinal Capital Management Inc.持有的Verizon Communications股份價值1,255,000美元。
其他幾家對衝基金最近也調整了對該公司的持股。Rinkey Investments在第四季度收購了Verizon Communications的新股份,價值約2.7萬美元。Cordant Inc.在第一季度收購了Verizon Communications價值約30,000美元的新股份。蘭辛街顧問公司在第一季度收購了Verizon Communications的新股份,價值約3.5萬美元。康拉德·西格爾投資顧問公司在第一季度購買了Verizon Communications的新股份,價值約3.6萬美元。最後,Gibson Wealth Advisors LLC在第四季度收購了Verizon Communications的一個新頭寸,價值約為3.7萬美元。機構投資者和對衝基金持有該公司62.83%的股票。
到達威瑞森通訊警報:
Verizon Communications的內幕活動
在Verizon Communications的其他消息中,執行副總裁Craig L.Silliman在7月5日星期二的一筆交易中出售了1,558股Verizon Communications股票。這些股票以51.42美元的平均價格出售,總成交金額為80112.36美元。交易完成後,執行副總裁總裁現在直接持有該公司33403股股票,價值約1717582.26美元。這筆交易是在提交給美國證券交易委員會的一份法律文件中披露的,該文件可通過此超鏈接。該股目前由內部人士持有0.10%的股份。
Verizon Communications股票表現
上週五,VZ的股價開盤報39.52美元。Verizon Communications Inc.的一年低點為39.11美元,一年高位為55.51美元。該公司市值為1,659.7億美元,市盈率為7.92,市盈率為1.83,貝塔係數為0.36。該股的50日移動均線切入位在43.77美元,200日移動均線切入位在48.41美元。該公司的債務權益比為1.56,流動比率為0.76,速動比率為0.69。
Verizon Communications(紐約證券交易所代碼:VZ-GET Rating)上一次公佈季度收益數據是在7月22日星期五。這家手機運營商公佈本季度每股收益為1.31美元,低於分析師普遍預期的1.32美元(合0.01美元)。Verizon Communications的淨利潤率為15.48%,股本回報率為26.95%。該公司本季度營收為337.9億美元,而分析師預期為337.7億美元。去年同期,該業務公佈的每股收益為1.37美元。該公司的收入同比增長了1.1%。股票研究分析師平均預測,Verizon Communications Inc.本財年每股收益將達到5.19歐元。
Verizon Communications增加股息
該公司最近還披露了季度股息,將於11月1日(星期二)支付。10月7日(星期五)登記在冊的股東將獲得0.6525美元的股息。除息日期為10月6日星期四。這比Verizon Communications之前的季度股息0.64美元有所增加。這意味着年化股息為2.61美元,股息收益率為6.60%。威瑞森通訊的派息比率為51.30%。
分析師評級發生變化
一些股票分析師最近對該股發表了評論。德意志銀行Aktiengesellschaft在7月19日星期二的一份報告中將Verizon Communications的股票目標價從59.00美元下調至58.00美元。富國銀行將Verizon Communications的目標價從58.00美元下調至52.00美元,並在7月8日(星期五)的一份研究報告中對該股設定了“同等權重”評級。6月22日,週三,加拿大皇家銀行在一份研究報告中將他們對威瑞森通信的目標價從57.00美元下調至54.00美元,併為該公司設定了“行業表現”評級。加拿大豐業銀行在7月22日週五的一份報告中將Verizon Communications的評級從“行業表現優於大盤”下調至“行業表現”。最後,摩根大通公司在6月24日星期五的一份報告中重申了持有的評級,併為Verizon Communications的股票設定了57.00美元的目標價。兩名研究分析師將該股評級為賣出,15名分析師給出了持有評級,四名分析師給出了該公司股票的買入評級。根據MarketBeat.com的數據,該公司的普遍評級為持有,平均目標價為55.61美元。
Verizon通信簡檔
(獲取評級)
Verizon通過其子公司向全球消費者、企業和政府實體提供通信、技術、信息和娛樂產品和服務。其消費者部門提供後付費和預付費服務計劃;筆記本電腦和平板電腦上的互聯網接入;無線設備,包括智能手機和其他手機;以及支持無線的互聯網設備,如平板電腦,以及其他支持無線連接的設備,包括智能手錶。
進一步閲讀
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