6,336 Shares in Verizon Communications Inc. (NYSE:VZ) Acquired by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC acquired a new position in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,336 shares of the cell phone carrier's stock, valued at approximately $287,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in Verizon Communications in the fourth quarter valued at approximately $28,000. Mattson Financial Services LLC raised its position in shares of Verizon Communications by 114.6% during the 4th quarter. Mattson Financial Services LLC now owns 777 shares of the cell phone carrier's stock valued at $31,000 after acquiring an additional 415 shares during the last quarter. Capital A Wealth Management LLC acquired a new position in shares of Verizon Communications in the 4th quarter valued at $32,000. Graney & King LLC bought a new position in shares of Verizon Communications in the 4th quarter worth $32,000. Finally, Compass Financial Services Inc bought a new position in shares of Verizon Communications in the 4th quarter worth $33,000. 62.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VZ has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Verizon Communications from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 13th. Evercore ISI raised Verizon Communications from an "in-line" rating to an "outperform" rating and set a $48.00 price target for the company in a research note on Friday, April 11th. Tigress Financial increased their price target on shares of Verizon Communications from $55.00 to $56.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Wolfe Research cut shares of Verizon Communications from an "outperform" rating to a "peer perform" rating in a report on Wednesday, March 12th. Finally, Scotiabank upped their target price on shares of Verizon Communications from $48.50 to $49.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $47.41.

Insider Transactions at Verizon Communications

In related news, CEO Kyle Malady sold 5,000 shares of Verizon Communications stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $42.48, for a total value of $212,400.00. Following the sale, the chief executive officer now owns 36,508 shares of the company's stock, valued at approximately $1,550,859.84. The trade was a 12.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 21,500 shares of company stock valued at $938,400 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Verizon Communications Stock Performance

Shares of Verizon Communications stock opened at $43.26 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.63 and a quick ratio of 0.59. The firm has a market cap of $182.41 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 4.45 and a beta of 0.39. The stock's 50-day moving average is $43.47 and its 200-day moving average is $42.27. Verizon Communications Inc. has a one year low of $37.59 and a one year high of $47.36.

Verizon Communications (NYSE:VZ - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The cell phone carrier reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.04. Verizon Communications had a return on equity of 19.80% and a net margin of 12.99%. The business had revenue of $33.50 billion for the quarter, compared to analyst estimates of $33.31 billion. Equities analysts predict that Verizon Communications Inc. will post 4.69 earnings per share for the current fiscal year.

About Verizon Communications

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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