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Verizon Communications Inc. Stock is a Dividend Investor's Dream

01 November 2017

Verizon Communications Inc. (NYSE:VZ) has a Price to Book ratio of 7.425591. Regal Wealth Group Inc. raised its position in Verizon Communications by 0.7% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 64,163 shares of the cell phone carrier's stock valued at $3,583,000 after buying an additional 3,917 shares during the period. As of the end of the quarter Goelzer Investment Management, Inc. had bought 1,061 shares growing its position 0.6%. Cullen Frost Bankers has 0.4% invested in Verizon Communications Inc. Pine River Capital Management L.P. increased its stake in Verizon Communications by 12.0% in the second quarter. Finally, Supplemental Annuity Collective Trust of NJ raised its position in shares of Verizon Communications by 4.5% during the 2nd quarter. Amalgamated Bank now owns 278,091 shares of the cell phone carrier's stock valued at $14,978,000 after buying an additional 117,214 shares during the period.

Several research firms have recently commented on VZ. (NYSE:VZ) is a hard company for many long-term investors to own due to the tectonic plates of the wireless and telecommunications industry that remain in a constantly shifting state. The firm has "Neutral" rating by Citigroup given on Wednesday, October 21.

On October 20 Bank of America maintained a stock rating of "Buy" but lowered the price target to $52.00 from $55.00. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. At the moment, the average analyst rating for VZ is Hold.

Verizon Communications a holding company. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. Dividends are a common way that companies distribute cash to their shareholders. HTLD price is down almost -18.24% from its 52-week high price of $25.22 a share but is up about 15.89% from its 52-week low price of $17.94 a share.

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Company shares are trading at $47.87 which is just a bit below the 50 day moving average which is $48.82 and which is marginally over the 200 day moving average of $47.01. The company operates in the Communication Services sector with a market capitalization of 195.36 Million.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Thursday, October 20th. The cell phone carrier reported $0.98 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.98. The average estimate of Wall Street analysts had projected 0.98. (NYSE:VZ). Asset Strategies invested 0.31% of its portfolio in Verizon Communications Inc. The business's revenue for the quarter was up 2.5% on a year-over-year basis. Company's EPS for the past five years is valued at 65.8%, leading it to an EPS value of 1.27% for the next five years. On average, equities research analysts expect that Verizon Communications Inc. will post $3.90 EPS for the current year. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.59 per share. The business's revenue for the quarter was down 6.7% compared to the same quarter a year ago. This represents a $2.36 annualized dividend and a yield of 4.76%. The rating was maintained by RBC Capital Markets with "Hold" on Friday, October 20. Nationwide Fund Advisors lifted its position in shares of Verizon Communications by 3.2% in the 1st quarter. (NYSE:VZ) has declined 8.48% since November 1, 2016 and is downtrending. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & worldwide trademark & copyright legislation. About 1.36 million shares traded. Following the completion of the sale, the executive vice president now directly owns 7,819 shares in the company, valued at approximately $373,279.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.60 for T and 2.70 for VZ, which implies that analysts are more bullish on the outlook for VZ.

Investors have begun to flee VZ stock in favor of companies with perceived advantages in their sectors, largely ignoring numerous key growth initiatives which stand to create a new VZ more in line with what consumers are looking for and where consumers are spending their money. Verizon Communications Inc. had 57 analyst reports since July 22, 2015 according to SRatingsIntel. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies.