Gilbert & Cook Inc. Increases Position in Verizon Communications Inc. (NYSE:VZ)

Gilbert & Cook Inc. raised its position in Verizon Communications Inc. (NYSE:VZFree Report) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,158 shares of the cell phone carrier’s stock after purchasing an additional 509 shares during the period. Gilbert & Cook Inc.’s holdings in Verizon Communications were worth $911,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA increased its position in shares of Verizon Communications by 627.8% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 655 shares of the cell phone carrier’s stock valued at $25,000 after purchasing an additional 565 shares during the last quarter. Criterion Capital Advisors LLC purchased a new stake in shares of Verizon Communications in the 4th quarter valued at approximately $25,000. Morton Brown Family Wealth LLC increased its position in shares of Verizon Communications by 130.1% in the 4th quarter. Morton Brown Family Wealth LLC now owns 863 shares of the cell phone carrier’s stock valued at $33,000 after purchasing an additional 488 shares during the last quarter. Cetera Trust Company N.A acquired a new position in shares of Verizon Communications in the 4th quarter valued at $37,000. Finally, Mizuho Securities Co. Ltd. boosted its holdings in shares of Verizon Communications by 3,233.3% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 1,000 shares of the cell phone carrier’s stock valued at $38,000 after buying an additional 970 shares in the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Verizon Communications from $36.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, April 2nd. StockNews.com upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. Oppenheimer restated an “outperform” rating and issued a $48.00 target price on shares of Verizon Communications in a report on Tuesday, April 23rd. Redburn Atlantic upgraded shares of Verizon Communications from a “sell” rating to a “neutral” rating and upped their target price for the company from $33.00 to $39.00 in a report on Friday, March 22nd. Finally, Tigress Financial upped their target price on shares of Verizon Communications from $50.00 to $52.00 and gave the company a “buy” rating in a report on Friday, May 17th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Verizon Communications currently has a consensus rating of “Moderate Buy” and an average target price of $44.36.

Read Our Latest Analysis on Verizon Communications

Verizon Communications Stock Up 2.0 %

Shares of NYSE:VZ opened at $41.15 on Friday. Verizon Communications Inc. has a 1-year low of $30.14 and a 1-year high of $43.42. The stock has a market cap of $173.21 billion, a P/E ratio of 15.35, a P/E/G ratio of 2.92 and a beta of 0.42. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.71 and a quick ratio of 0.67. The firm has a fifty day moving average price of $40.29 and a 200 day moving average price of $39.61.

Verizon Communications (NYSE:VZGet Free Report) last released its earnings results on Monday, April 22nd. The cell phone carrier reported $1.15 EPS for the quarter, topping the consensus estimate of $1.12 by $0.03. Verizon Communications had a net margin of 8.44% and a return on equity of 20.41%. The company had revenue of $33 billion during the quarter, compared to analysts’ expectations of $33.23 billion. During the same quarter last year, the business earned $1.20 EPS. The business’s revenue was up .3% on a year-over-year basis. Sell-side analysts predict that Verizon Communications Inc. will post 4.6 EPS for the current year.

Verizon Communications Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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