The mean price target is calculated keeping in view the consensus of 25 brokerage firms. Its Director ULLMAN MYRON E III sold 20,000 company shares for $1109000.2, in a transaction on 2016-06-09. (NYSE:VZ), according to U.S. Securities and Exchange Commission (SEC) filings. Fisher Asset Management reduced its stake in VZ by selling 1,734 shares or 5.18% in the most recent quarter.
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The company said it added 615,000 net retail postpaid wireless subscribers in the second quarter. Oregon Public Employees Retirement Fund increased its stake in Verizon Communications by 1.4% in the fourth quarter. Honeywell International Inc. increased its stake in Verizon Communications by 15.0% in the fourth quarter. Cue Financial Group Inc. now owns 4,857 shares of the cell phone carrier’s stock worth $263,000 after buying an additional 109 shares during the period. Finally, American Century Companies Inc. increased its stake in Verizon Communications by 8.8% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 4,948 shares of the cell phone carrier’s stock worth $255,000 after buying an additional 2,049 shares during the period. (NYSE:VZ). The most expectant earnings per share estimate of the stock is set at $3.97 while the conservative estimates kept at $3.76 over the current year. The firm has a SMA 50 (Simple Moving Average) of $54.42 and a SMA 200-(Simple Moving Average) of $51.53. On year trading price range hit the peak level of $56.95 and touched the lowest level of $38.06 and its distance from 52 week high is -0.91% and current price is above +53.66% from 52 week low. (NYSE:VZ) observed at 16.17%, and for the next five years the analysts that follow this company are expecting its growth at 3.27%. The company had revenue of $32171.00 million for the quarter, compared to analysts expectations of $32481.10 million. The company’s quarterly revenue was up.6% on a year-over-year basis.
If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 3/2016, the consensus mean EPS was $1.06 while the company reported $1.06 EPS on 4/21/2016 BMO.
The share price of the company (NYSE:VZ) was up +1.32%, with a high of 56.20 during the day and the volume of Verizon Communications Inc. shares traded was 10973194.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Friday, July 8th will be given a dividend of $0.565 per share. The ex-dividend date is Wednesday, July 6th.
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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. 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.
