Name: Patrick Mauro Investment Advisor INC. Buys 10,019 Shares of Verizon Communications Inc. (NYSE:VZ)
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Patrick Mauro Investment Advisor INC. Buys 10,019 Shares of Verizon Communications Inc. (NYSE:VZ)

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Skip to main contentPosted by onPatrick Mauro Investment Advisor INC. raised its stake in Verizon Communications Inc. (NYSE:VZ – Free Report) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,481 shares of the cell phone carrier’s stock after buying an additional 10,019 shares during the quarter. Verizon Communications comprises about 5.0% of Patrick Mauro Investment Advisor INC.’s portfolio, making the stock its 5th biggest holding. Patrick Mauro Investment Advisor INC.’s holdings in Verizon Communications were worth $8,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).Other large investors also recently bought and sold shares of the company. BCK Partners Inc. acquired a new stake in shares of Verizon Communications during the first quarter worth about $2,101,000. Axiom Financial Strategies LLC raised its holdings in Verizon Communications by 8.9% in the first quarter. Axiom Financial Strategies LLC now owns 5,980 shares of the cell phone carrier’s stock valued at $279,000 after acquiring an additional 487 shares in the last quarter. Ergoteles LLC raised its holdings in Verizon Communications by 174.0% in the first quarter. Ergoteles LLC now owns 91,776 shares of the cell phone carrier’s stock valued at $4,675,000 after acquiring an additional 58,283 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Verizon Communications by 10.5% in the first quarter. Mackenzie Financial Corp now owns 1,194,111 shares of the cell phone carrier’s stock valued at $60,828,000 after acquiring an additional 113,032 shares in the last quarter. Finally, First Western Trust Bank acquired a new stake in Verizon Communications in the first quarter valued at approximately $567,000. Institutional investors and hedge funds own 61.06% of the company’s stock.In other news, EVP Samantha Hammock sold 12,557 shares of Verizon Communications stock in a transaction on Friday, August 11th. The stock was sold at an average price of $33.29, for a total transaction of $418,022.53. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.02% of the company’s stock.Several analysts recently weighed in on VZ shares. StockNews.com raised shares of Verizon Communications from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Barclays upgraded shares of Verizon Communications from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $37.00 to $38.00 in a research note on Wednesday, October 25th. Wells Fargo &amp; Company dropped their price target on shares of Verizon Communications from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 20th. Oppenheimer reiterated an “outperform” rating and issued a $43.00 price target on shares of Verizon Communications in a research note on Tuesday, August 22nd. Finally, Raymond James dropped their price target on shares of Verizon Communications from $51.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 26th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.50.Check Out Our Latest Research Report on Verizon CommunicationsNYSE:VZ opened at $35.98 on Monday. The firm’s fifty day moving average price is $33.18 and its 200 day moving average price is $34.58. Verizon Communications Inc. has a 1-year low of $30.14 and a 1-year high of $42.58. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.68 and a quick ratio of 0.64. The firm has a market cap of $151.26 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 2.15 and a beta of 0.40.Verizon Communications (NYSE:VZ – Get Free Report) last released its earnings results on Tuesday, October 24th. The cell phone carrier reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Verizon Communications had a return on equity of 21.26% and a net margin of 15.58%. The company had revenue of $33 billion during the quarter, compared to the consensus estimate of $33.27 billion. During the same quarter last year, the company earned $1.32 earnings per share. Verizon Communications’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts expect that Verizon Communications Inc. will post 4.7 EPS for the current year.The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend was Friday, October 6th. This is an increase from Verizon Communications’s previous quarterly dividend of $0.65. Verizon Communications’s payout ratio is 53.63%.(Free Report)Verizon Communications Inc, through its subsidiaries, provides 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).Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZ – Free Report).Receive News &amp; Ratings for Verizon Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verizon Communications and related companies with MarketBeat.com's FREE daily email newsletter.Patrick Mauro Investment Advisor INC. Buys 10,019 Shares of Verizon Communications Inc.McIlrath &amp; Eck LLC Acquires 527 Shares of The Home Depot, Inc.Peddock Capital Advisors LLC Has $2.02 Million Stake in The Procter &amp; Gamble CompanyExxon Mobil Co. Holdings Raised by Concord Wealth PartnersMcDonald’s Co. Shares Sold by SouthState CorpAbbVie Inc. Position Trimmed by Acadian Asset Management LLCComplete the form below to receive the latest headlines and analysts' recommendations for Verizon Communications with MarektBeat's free daily email newsletter:

Skip to main contentPosted by onPatrick Mauro Investment Advisor INC. raised its stake in Verizon Communications Inc. (NYSE:VZ – Free Report) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,481 shares of the cell phone carrier’s stock after buying an additional 10,019 shares during the quarter. Verizon Communications comprises about 5.0% of Patrick Mauro Investment Advisor INC.’s portfolio, making the stock its 5th biggest holding. Patrick Mauro Investment Advisor INC.’s holdings in Verizon...

Patrick Mauro Investment Advisor INC. Buys 10,019 Shares of Verizon Communications Inc. (NYSE:VZ)

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