The Verizon Communications Inc. (VZ) Position Cut by Town & Country Bank & Trust CO dba First Bankers Trust CO

The Verizon Communications Inc. (VZ) Position Cut by Town & Country Bank & Trust CO dba First Bankers Trust CO

Other hedge funds have also recently bought and sold shares of the company. First National Bank & Trust Co. of Newtown boosted its stake in Verizon Communications by 0.4% in the first quarter. First National Bank & Trust Co. of Newtown now owns 106,069 shares of the cell phone carrier’s stock valued at $5,171,000 after buying an additional 412 shares in the last quarter. BLB&B Advisors LLC boosted its stake in Verizon Communications by 0.7% in the first quarter. BLB&B Advisors LLC now owns 216,253 shares of the cell phone carrier’s stock valued at $10,542,000 after buying an additional 1,478 shares in the last quarter. Integrated Wealth Management boosted its stake in Verizon Communications by 10.0% in the first quarter. Integrated Wealth Management now owns 53,980 shares of the cell phone carrier’s stock valued at $2,632,000 after buying an additional 4,902 shares in the last quarter. Community Bank of Raymore boosted its stake in Verizon Communications by 3.7% in the first quarter. Community Bank of Raymore now owns 5,637 shares of the cell phone carrier’s stock valued at $275,000 after buying an additional 200 shares in the last quarter. Finally, Atria Investments LLC boosted its stake in Verizon Communications by 23.9% in the first quarter. Atria Investments LLC now owns 116,317 shares of the cell phone carrier’s stock valued at $5,670,000 after buying an additional 22,406 shares in the last quarter. Institutional investors and hedge funds own 63.38% of the company’s stock.

Town & Country Bank & Trust CO dba First Bankers Trust CO cut its stake in Verizon Communications Inc. (NYSE:VZ) by 0.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 85,724 shares of the cell phone carrier’s stock after selling 407 shares during the period. Verizon Communications makes up approximately 2.3% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 12th largest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Verizon Communications were worth $4,179,000 as of its most recent filing with the SEC.

Shares of Verizon Communications Inc. (NYSE VZ) opened at 46.44 on Monday. The stock has a 50 day moving average of $46.36 and a 200 day moving average of $49.36. The stock has a market capitalization of $189.45 billion, a PE ratio of 15.53 and a beta of 0.43. Verizon Communications Inc. has a 52-week low of $44.46 and a 52-week high of $56.95.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Thursday, April 20th. The cell phone carrier reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.03. The company had revenue of $29.81 billion during the quarter, compared to the consensus estimate of $30.41 billion. Verizon Communications had a return on equity of 72.75% and a net margin of 10.42%. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.06 earnings per share. Analysts forecast that Verizon Communications Inc. will post $3.75 earnings per share for the current year.

A number of equities analysts have recently commented on VZ shares. TheStreet lowered shares of Verizon Communications from a “b-” rating to a “c” rating in a report on Thursday, April 27th. Vetr lowered shares of Verizon Communications from a “buy” rating to a “hold” rating and set a $51.51 price target on the stock. in a report on Monday, March 20th. Macquarie reissued a “neutral” rating and issued a $49.00 price target (down previously from $50.00) on shares of Verizon Communications in a report on Sunday, April 23rd. Evercore ISI reissued a “hold” rating on shares of Verizon Communications in a report on Thursday, February 16th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $50.00 price target (down previously from $51.00) on shares of Verizon Communications in a report on Sunday, April 23rd. Twenty-seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Verizon Communications has an average rating of “Hold” and a consensus price target of $53.54. In other news, EVP Marni M. Walden sold 16,362 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $46.08, for a total value of $753,960.96. Following the transaction, the executive vice president now directly owns 11,797 shares in the company, valued at $543,605.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Craig L. Silliman sold 610 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $45.34, for a total transaction of $27,657.40. Following the completion of the transaction, the executive vice president now owns 9,039 shares in the company, valued at $409,828.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,192 shares of company stock worth $840,801. Company insiders own 0.10% of the company’s stock.

Verizon Communications Company Profile Verizon Communications Inc is a holding company. The Company, 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 offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VZ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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