WoodTrust Financial Corp Has $308,000 Holdings in Verizon Communications Inc. (NYSE:VZ)

WoodTrust Financial Corp lowered its position in Verizon Communications Inc. (NYSE:VZ) by 9.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,867 shares of the cell phone carrier’s stock after selling 741 shares during the period. WoodTrust Financial Corp’s holdings in Verizon Communications were worth $308,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. US Financial Advisors LLC lifted its holdings in Verizon Communications by 9.7% during the 3rd quarter. US Financial Advisors LLC now owns 9,312 shares of the cell phone carrier’s stock worth $418,000 after buying an additional 825 shares in the last quarter. Walkner Condon Financial Advisors LLC raised its holdings in Verizon Communications by 38.4% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 7,019 shares of the cell phone carrier’s stock worth $315,000 after purchasing an additional 1,948 shares during the last quarter. Advisor Resource Council acquired a new position in Verizon Communications during the 3rd quarter valued at about $203,000. Graypoint LLC boosted its stake in shares of Verizon Communications by 4.3% in the 3rd quarter. Graypoint LLC now owns 31,689 shares of the cell phone carrier’s stock valued at $1,423,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new stake in shares of Verizon Communications during the 3rd quarter worth approximately $641,000. 62.06% of the stock is owned by institutional investors and hedge funds.

Verizon Communications Stock Down 0.2 %

Verizon Communications stock opened at $41.17 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.32. Verizon Communications Inc. has a 1-year low of $35.40 and a 1-year high of $45.36. The company has a fifty day simple moving average of $43.15 and a 200 day simple moving average of $41.37. The company has a market cap of $173.31 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 3.01 and a beta of 0.43.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Tuesday, October 22nd. The cell phone carrier reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.01. The company had revenue of $33.30 billion during the quarter, compared to analysts’ expectations of $33.42 billion. Verizon Communications had a return on equity of 20.05% and a net margin of 7.30%. Verizon Communications’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 EPS. Research analysts anticipate that Verizon Communications Inc. will post 4.61 earnings per share for the current fiscal year.

Verizon Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were given a $0.678 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 6.59%. This is a boost from Verizon Communications’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Thursday, October 10th. Verizon Communications’s dividend payout ratio (DPR) is presently 116.81%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Verizon Communications from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. Bank of America lifted their price objective on Verizon Communications from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. UBS Group raised their target price on Verizon Communications from $43.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Tigress Financial increased their price target on shares of Verizon Communications from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, TD Cowen upped their target price on shares of Verizon Communications from $48.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Verizon Communications presently has an average rating of “Moderate Buy” and a consensus target price of $46.37.

Verizon Communications Company Profile

Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).