Dynamic Advisors Solutions buys $6,361,179 stake in Verizon Communications (VZ)

Verizon Communications (VZ) : Dynamic Advisors Solutions scooped up 6,657 additional shares in Verizon Communications during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 113,390 shares of Verizon Communications which is valued at $6,361,179.Verizon Communications makes up approximately 2.52% of Dynamic Advisors Solutions’s portfolio.

Other Hedge Funds, Including , Joel Isaacson reduced its stake in VZ by selling 1,456 shares or 3.77% in the most recent quarter. The Hedge Fund company now holds 37,159 shares of VZ which is valued at $2,084,620. Verizon Communications makes up approx 0.43% of Joel Isaacson’s portfolio.Old Second National Bank Of Aurora boosted its stake in VZ in the latest quarter, The investment management firm added 2,208 additional shares and now holds a total of 81,591 shares of Verizon Communications which is valued at $4,577,255. Verizon Communications makes up approx 2.06% of Old Second National Bank Of Aurora’s portfolio.Carroll Financial Associates boosted its stake in VZ in the latest quarter, The investment management firm added 2,576 additional shares and now holds a total of 30,094 shares of Verizon Communications which is valued at $1,673,828. Verizon Communications makes up approx 0.27% of Carroll Financial Associates’s portfolio.Verus Financial Partners reduced its stake in VZ by selling 160 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 8,801 shares of VZ which is valued at $492,240. Verizon Communications makes up approx 0.22% of Verus Financial Partners’s portfolio.Balasa Dinverno Foltz boosted its stake in VZ in the latest quarter, The investment management firm added 2,216 additional shares and now holds a total of 22,130 shares of Verizon Communications which is valued at $1,237,731. Verizon Communications makes up approx 0.22% of Balasa Dinverno Foltz’s portfolio.

Verizon Communications opened for trading at $54.99 and hit $55.72 on the upside on Friday, eventually ending the session at $55.41, with a gain of 1.00% or 0.55 points. The heightened volatility saw the trading volume jump to 1,55,08,926 shares. Company has a market cap of $225,867 M.

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.