Terril Brothers Inc. Has $25.40 Million Position in Verizon Communications Inc. (NYSE:VZ)

Terril Brothers Inc. boosted its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 635,134 shares of the cell phone carrier’s stock after buying an additional 415 shares during the quarter. Verizon Communications makes up about 7.7% of Terril Brothers Inc.’s investment portfolio, making the stock its 4th largest holding. Terril Brothers Inc.’s holdings in Verizon Communications were worth $25,399,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Austin Private Wealth LLC lifted its holdings in Verizon Communications by 3.0% during the third quarter. Austin Private Wealth LLC now owns 8,450 shares of the cell phone carrier’s stock valued at $379,000 after purchasing an additional 243 shares in the last quarter. Cary Street Partners Asset Management LLC lifted its holdings in Verizon Communications by 3.4% during the third quarter. Cary Street Partners Asset Management LLC now owns 7,628 shares of the cell phone carrier’s stock valued at $343,000 after purchasing an additional 249 shares in the last quarter. First Personal Financial Services lifted its holdings in Verizon Communications by 0.3% during the third quarter. First Personal Financial Services now owns 91,092 shares of the cell phone carrier’s stock valued at $4,091,000 after purchasing an additional 250 shares in the last quarter. Encompass Wealth Advisors LLC lifted its holdings in Verizon Communications by 2.0% during the third quarter. Encompass Wealth Advisors LLC now owns 12,505 shares of the cell phone carrier’s stock valued at $562,000 after purchasing an additional 250 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC lifted its holdings in Verizon Communications by 2.4% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 10,968 shares of the cell phone carrier’s stock valued at $439,000 after purchasing an additional 252 shares in the last quarter. 62.06% of the stock is currently owned by institutional investors.

Verizon Communications Trading Down 0.4 %

Shares of VZ opened at $43.12 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.59 and a current ratio of 0.63. Verizon Communications Inc. has a fifty-two week low of $37.58 and a fifty-two week high of $45.36. The stock has a market capitalization of $181.50 billion, a PE ratio of 10.41, a P/E/G ratio of 4.45 and a beta of 0.45. The company’s fifty day moving average is $40.20 and its 200 day moving average is $41.71.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Friday, January 24th. The cell phone carrier reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). Verizon Communications had a net margin of 12.99% and a return on equity of 19.80%. During the same quarter in the prior year, the firm posted $1.08 EPS. Sell-side analysts expect that Verizon Communications Inc. will post 4.69 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.6775 per share. This represents a $2.71 dividend on an annualized basis and a yield of 6.29%. Verizon Communications’s dividend payout ratio (DPR) is 65.46%.

Analyst Upgrades and Downgrades

VZ has been the topic of several analyst reports. UBS Group lifted their price target on shares of Verizon Communications from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada lowered their price target on shares of Verizon Communications from $46.00 to $42.00 in a report on Friday, January 24th. Argus raised shares of Verizon Communications to a “strong-buy” rating in a report on Monday, January 27th. StockNews.com downgraded shares of Verizon Communications from a “strong-buy” rating to a “buy” rating in a report on Monday, December 16th. Finally, TD Cowen raised shares of Verizon Communications to a “strong-buy” rating in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.08.

Insider Buying and Selling at Verizon Communications

In other news, CEO Kyle Malady sold 11,085 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $40.88, for a total value of $453,154.80. Following the transaction, the chief executive officer now directly owns 14,590 shares in the company, valued at approximately $596,439.20. This represents a 43.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Vandana Venkatesh sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $43.79, for a total transaction of $437,900.00. Following the completion of the transaction, the executive vice president now owns 14,459 shares in the company, valued at approximately $633,159.61. The trade was a 40.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,085 shares of company stock worth $2,020,895 over the last quarter. Insiders own 0.02% of the company’s stock.

Verizon Communications Profile

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).