Btr Capital Management Inc buys $2,336,160 stake in Verizon Communications (VZ)

Verizon Communications (VZ) : Btr Capital Management Inc scooped up 2,991 additional shares in Verizon Communications during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 46,463 shares of Verizon Communications which is valued at $2,336,160.Verizon Communications makes up approximately 0.53% of Btr Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Integrated Investment Consultants reduced its stake in VZ by selling 91 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 12,731 shares of VZ which is valued at $640,115. Verizon Communications makes up approx 0.33% of Integrated Investment Consultants’s portfolio.W.g. Shaheen Associates Dba Whitney Co reduced its stake in VZ by selling 404 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 133,865 shares of VZ which is valued at $6,732,071. Verizon Communications makes up approx 2.74% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Private Bank Trust Co boosted its stake in VZ in the latest quarter, The investment management firm added 6,412 additional shares and now holds a total of 35,684 shares of Verizon Communications which is valued at $1,794,548. Verizon Communications makes up approx 0.28% of Private Bank Trust Co’s portfolio. Naples Global Advisors sold out all of its stake in VZ during the most recent quarter. The investment firm sold 4,093 shares of VZ which is valued $205,428. Centre Asset Management sold out all of its stake in VZ during the most recent quarter. The investment firm sold 102,760 shares of VZ which is valued $5,157,524.

Verizon Communications closed down -0.01 points or -0.02% at $50.28 with 88,53,208 shares getting traded on Friday. Post opening the session at $50.34, the shares hit an intraday low of $50.27 and an intraday high of $50.61 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Verizon Communications reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.93. The company had revenue of $30532.00 million for the quarter, compared to analysts expectations of $30968.11 million. The company’s revenue was down -5.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.04 EPS.

Many Wall Street Analysts have commented on Verizon Communications. Company shares were Reiterated by FBR Capital on Jul 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 57 from a previous price target of $54 .Verizon Communications was Downgraded by Hilliard Lyons to ” Neutral” on Jul 27, 2016. Verizon Communications was Downgraded by Oppenheimer to ” Perform” 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Verizon Communications - Is it time to Sell?

Top Brokerage Firms are advising their investors on Verizon Communications. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.