What Recent Ownership Trends Suggest About Verizon Communications Inc. (VZ)'s Future Performance

Andrew Cummings
October 14, 2017

The cell phone carrier reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $0.98 by $0.03. Verizon Communications Inc. (VZ) has the market capitalization of 199.84 Billion.

The company is down by 0.57% percent from yesterday's close. About 13.31 million shares traded.

Verizon Communications (NYSE:VZ) last posted its earnings results on Thursday, July 27th. It has underperformed by 25.18% the S&P500.

TrueCar, Inc.is an Internet-based information, technology, and communication services company. Fic Capital Inc who had been investing in Facebook Inc Cl A for a number of months, seems to be bullish on the $504.58 billion market cap company. The Firm has a data-driven online platform, which features market data and analytics. It now has negative earnings. The Company-branded platform is available on its TrueCar Website and mobile applications.

Since May 1, 2017, it had 0 insider buys, and 2 insider sales for $781,618 activity. Shares for $27,657 were sold by SILLIMAN CRAIG L. on Tuesday, May 30. Stretch Colin sold 750 shares worth $113,618.

Verizon Communications Inc. (VZ) stock directed -3.88% toward a lower level throughout a year ago and swapped 2.33% toward a strong spot during past one month. Therefore 92% are positive. The rating was downgraded by Zacks to "Hold" on Tuesday, September 1. The rating was maintained by Macquarie Research on Thursday, June 15 with "Hold". KeyCorp restated a "hold" rating on shares of Verizon Communications in a report on Wednesday. Argus Research maintained Verizon Communications Inc. The firm earned "Outperform" rating on Wednesday, October 21 by FBR Capital. On Monday, January 25 the stock rating was maintained by RBC Capital Markets with "Outperform". (NYSE:VZ) has "Hold" rating given on Thursday, July 27 by Oppenheimer. The analysts estimated mean EPS at 0.96 while the high and low EPS estimate stand at 1 and 0.91 respectively. (NYSE:VZ) to report earnings on October, 19 before the open. These analysts have also projected a Low Estimate of $0.94/share and a High Estimate of $1.05/share. During the same quarter in the previous year, the business posted $0.94 EPS. It also upped Progressive Corp Ohio (NYSE:PGR) stake by 13,345 shares and now owns 25,602 shares. Nexeo Solutions Inc was raised too.

Investors of record on Tuesday, October 10th will be paid a $0.59 dividend. After a recent check, the 200-day MA is resting at 26.66, and the 50-day is 26.89. There were 110 sold out positions, amounting to 11.29 million shares. 46,000 are owned by Supplemental Annuity Collective Of Nj.

Verizon Communications Inc is a holding company. (NYSE:VZ). Curbstone Finance Corporation holds 0.76% or 28,330 shares in its portfolio. Finally, Feltz Wealth PLAN Inc. acquired a new stake in Verizon Communications in the 1st quarter valued at about $184,000. (NYSE:VZ) for 39,888 shares. Schwab Charles Inv Management Inc reported 19.40M shares. Atlantic Group Limited Liability Corporation invested in 0.04% or 155,474 shares.

A number of equities research analysts recently commented on VZ shares. Beach Ltd Limited Liability Company reported 0.44% stake. Verizon Communications has a payout ratio of 61.3% indicating that its dividend is sufficiently covered by earnings. WALDEN MARNI M sold $753,961 worth of stock or 16,362 shares. Strategic Advsrs Lc accumulated 122,031 shares. North Carolina-based Ironsides Asset Advisors Ltd Liability Co has invested 0.23% in Verizon Communications Inc. This is an increase from Verizon Communications's previous quarterly dividend of $0.58. (NYSE:VZ). Buckingham Cap holds 0.56% or 53,955 shares in its portfolio. (NASDAQ:IMMU) to report earnings on November, 1. They expect $-0.05 EPS, up 44.44% or $0.04 from last year's $-0.09 per share. Weiss Multi reported 0.29% in Facebook Inc (NASDAQ:FB).

Ratings analysis reveals 80% of TrueCar's analysts are positive. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The Fund's investment objective is to provide high current income, consistent with modest growth of capital. The stock has an average rating of "Hold" and a consensus price target of $52.86. TRUE was included in 5 notes of analysts from September 12, 2016. The firm earned "Hold" rating on Thursday, April 7 by Jefferies. Morgan Stanley has "Underweight" rating and $6.4 target. The firm has "Buy" rating given on Friday, July 14 by Cowen & Co. F&V Capital Management, LLC claims 161,401 shares valued at $7,988,000. Caledonia (Private) Investments Pty Ltd owns 11.97 million shares or 6.55% of their U.S. portfolio. The California-based Acuta Capital Partners Llc has invested 3.95% in the stock. Royal Bank Of Canada restated a "hold" rating and set a $48.00 price target on shares of Verizon Communications in a report on Sunday, July 9th. About 63,000 shares traded or 9.76% up from the average. Facebook Inc (NASDAQ:FB) has risen 26.75% since October 13, 2016 and is uptrending. It has outperformed by 35.05% the S&P500.

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