Macquarie Reaffirms Neutral Rating for Verizon Communications Inc. (VZ)

In other news, SVP Anthony T. Skiadas sold 12,495 shares of Verizon Communications stock in a transaction dated Tuesday, February 14th. The institutional investor owned 42,439 shares of the cell phone carrier's stock after buying an additional 187 shares during the period. Atwood & Palmer Inc. now owns 2,667 shares of the cell phone carrier's stock worth $130,000 after buying an additional 2,000 shares during the last quarter. Ltd. now owns 817,556 shares of the cell phone carrier's stock worth $42,497,000 after buying an additional 12,770 shares during the last quarter. Ruggie Capital Group raised its position in shares of Verizon Communications by 0.3% in the third quarter. Sunbelt Securities Inc. bought a new position in shares of Verizon Communications during the fourth quarter worth approximately $115,000.

COPYRIGHT VIOLATION WARNING: "Straight Path Communications (STRP) Earning Somewhat Favorable News Coverage, Report Shows" was first reported by Markets Daily and is the property of of Markets Daily.

According to the latest research reports released, 2 analysts have issued a rating of "buy", 5 analysts "outperform", 23 analysts "hold", 1 analysts "underperform" and 0 analysts "sell". Verizon Communications Inc. has a 52-week low of 45.76 and a 52-week high of 56.95. The company's market capitalization is $2.24 billion.

The stock's 50 day moving average is 48.00 and its 200 day moving average is 49.58.

Verizon Communications (NYSE:VZ) last issued its earnings results on Thursday, April 20th. The cell phone carrier reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by $0.03. The business had revenue of $29.81 billion for the quarter, compared to analysts' expectations of $30.41 billion. Analysts are expecting EPS growth rates to be at -26.50% this quarter and EPS estimate for next year reflect a 2.04% growth rate. During the same quarter previous year, the firm posted $1.06 earnings per share.

03/06/2017 - Verizon Communications Inc. had its "neutral" rating reiterated by analysts at BTIG Research.

The company also recently declared a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, April 10th were given a dividend of $0.5775 per share. Over the past 2 quarters, the stock is down -1.22%, compared with a fall of almost -4.59% for 3 months and about -5.50% for the past 30 days. Also, insider Zhouyue Pi sold 2,000 shares of the business's stock in a transaction dated Monday, April 10th. Verizon Communications's dividend payout ratio (DPR) is presently 71.74%. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and global copyright and trademark laws. The original version of this report can be viewed at https://www.themarketsdaily.com/2017/05/13/verizon-communications-inc-vz-shares-bought-by-catawba-capital-management-va.html.

VZ has been the topic of several other reports. Raymond James Financial, Inc. restated a "market perform" rating on shares of Verizon Communications in a report on Wednesday, January 25th. (NYSE:BFAM) at the time when day-trade ended the stock finally eased down -0.58% to close at $78.19. Jefferies Group LLC restated a "hold" rating and issued a $53.00 price objective on shares of Verizon Communications in a research note on Monday, January 16th.

04/21/2017 - Verizon Communications Inc. had its "hold" rating reiterated by analysts at Deutsche Bank.

In related news, EVP Craig L. Silliman sold 610 shares of the business's stock in a transaction that occurred on Monday, March 27th. Following the completion of the sale, the executive vice president now directly owns 63,734 shares in the company, valued at approximately $3,205,182.86. The mean target of $50.00 should be compared with the price when the stock was languishing around $44.99 a share. The stock had surged almost five-fold since April 7, a day before AT&T made the first move with a $95.63 per share offer. The disclosure for this sale can be found here.

If we look at stock performance in last active day trading, we see that stock has moved fell -6.28% to end the day at $3.88.

The Federal Communications Commission levied a $100m fine against Straight Path, to be reduced to $15m (plus 20pc of sales from licenses) if the company could find a buyer.