Verizon Communications Inc. (NYSE:VZ) Sees Unusual Trading Volume in Its Shares

About 2,834 shares traded. It has outperformed by 35.05% the S&P500.

Crow Point Partners, LLC reports that it sold 1,467 shares in the previous quarter decreasing its exposure to Verizon Communications 1.0%. Following the completion of the sale, the executive vice president now owns 7,209 shares in the company, valued at approximately $350,717.85. Allegis Investment Advisors LLC now owns 59,067 shares of the cell phone carrier's stock valued at $2,880,000 after buying an additional 4,898 shares in the last quarter. Bangor Savings Bank who had been investing in Verizon Communications for a number of months, seems to be bullish on the $199.12 billion market cap company.

The stock decreased 1.97% or $0.98 on October 6, reaching $48.81. 13,239,635 shares of the company's stock traded hands.

Verizon Communications Inc. (NYSE:VZ) has been the object of insider selling activity recently. It has underperformed by 25.18% the S&P500. Verizon Communications's dividend payout ratio is now 59.23%. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Therefore 24% are positive. Verizon Communications Inc. has $55 highest and $44 lowest target. The stock has a 50 day moving average price of $48.39 and a 200-day moving average price of $47.08. As of the latest earnings report the EPS was $3.89 and is expected to be $3.76 for the current year with 4,079,407,000 shares outstanding. The ex-dividend date of this dividend is Friday, October 6th. $27,657 worth of Verizon Communications Inc. It dropped, as 90 investors sold VZ shares while 700 reduced holdings. They now have a Dollars 50 price target on the stock. (NYSE:VZ). 73,775 are owned by Architects. As per Wednesday, October 5, the company rating was maintained by Citigroup. As per Monday, October 19, the company rating was maintained by RBC Capital Markets.

04/21/2017 - Verizon Communications Inc. had its "neutral" rating reiterated by analysts at Instinet. The stock of W W Grainger Inc (NYSE:GWW) earned "Hold" rating by BMO Capital Markets on Monday, August 21. As per Monday, October 24, the company rating was upgraded by Drexel Hamilton.

04/21/2017 - Verizon Communications Inc. was downgraded to "hold" by analysts at Argus. The rating was initiated by DA Davidson on Thursday, February 4 with "Neutral". Valicenti Advisory Services Inc acquired 27,429 shares as Verizon Communications (VZ)'s stock declined 7.66%.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Thursday, July 27th. More interesting news about Verizon Communications Inc. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.59 per share. On Monday, May 1 WALDEN MARNI M sold $753,961 worth of Verizon Communications Inc.

Investors sentiment increased to 0.98 in 2017 Q2. Its up 0.03, from 0.95 in 2017Q1. The stock was sold at an average price of $48.65, for a total transaction of $29,676.50. 56 funds opened positions while 122 raised stakes. Gabelli Funds Limited Liability Company holds 2.30 million shares. Stock traders bought 87,567 call options on the company. California Public Employees Retirement holds 10.57 million shares.

Investors Asset Management of Georgia Inc. Aull & Monroe Investment Mngmt has invested 1.76% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 63,602 shares. Cornerstone Inc accumulated 168 shares. At Bancorporation accumulated 22,875 shares. Bryn Mawr Tru reported 1.07% of its portfolio in Verizon Communications Inc. Out of 25 Wall Street analysts rating Verizon Communications Inc., 6 give it "Buy", 0 "Sell" rating, while 19 recommend "Hold". Nabors Industries Ltd. had 92 analyst reports since August 6, 2015 according to SRatingsIntel. Howe & Rusling Inc. lifted its holdings in shares of Verizon Communications by 5.8% during the 1st quarter. (NYSE:VZ) for 646,751 shares.

COPYRIGHT VIOLATION WARNING: "Verizon Communications Inc". (NYSE:CF) for 23,383 shares. The firm owned 31,424 shares of the cell phone carrier's stock after acquiring an additional 3,949 shares during the quarter. It also increased its holding in Quanta Services (NYSE:PWR) by 20,900 shares in the quarter, for a total of 28,650 shares, and has risen its stake in Pinnacle Foods Inc (NYSE:PF).

Since May 1, 2017, it had 0 insider buys, and 2 sales for $781,618 activity.

More recent Rollins, Inc. "Completes Acquisition Of Marietta-based Northwest Exterminating" on August 01, 2017. Also published the news titled: "Rollins Inc. 401 (k) participant sues Morningstar, Prudential over alleged RICO ..." on August 30, 2017.

Investors sentiment increased to 1.67 in 2017 Q2. Its down 0.13, from 1.22 in 2017Q1. 60 funds opened positions while 160 raised stakes. Beese Fulmer Investment Management Inc. now owns 79,563 shares of the cell phone carrier's stock valued at $3,878,000 after buying an additional 430 shares during the last quarter. Metropolitan Life Insurance Ny reported 0.02% of its portfolio in CF Industries Holdings, Inc. (NYSE:ROL). Moreover, Mitsubishi Ufj & Banking Corporation has 0.02% invested in Rollins, Inc. (NYSE:ROL). 1.78 million are owned by Riverbridge Prns Ltd Llc. Wellington Grp Incorporated Llp has invested 0% of its portfolio in Rollins, Inc. Ohio-based Parkwood Limited Liability Co has invested 0.1% in Nabors Industries Ltd. (NYSE:NBR). Livforsakringsbolaget Skandia Omsesidigt has invested 0.02% in W W Grainger Inc (NYSE:GWW). Thompson Davis And has invested 0.07% in Rollins, Inc. Aqr Management Limited Com invested in 0% or 94,428 shares.

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