Radnor Capital Management LLC Sells 11,168 Shares of Verizon Communications Inc. (NYSE:VZ)

Radnor Capital Management LLC lowered its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,980 shares of the cell phone carrier’s stock after selling 11,168 shares during the quarter. Radnor Capital Management LLC’s holdings in Verizon Communications were worth $2,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in shares of Verizon Communications in the third quarter worth about $31,000. Legend Financial Advisors Inc. raised its stake in shares of Verizon Communications by 69.6% in the 4th quarter. Legend Financial Advisors Inc. now owns 780 shares of the cell phone carrier’s stock valued at $31,000 after acquiring an additional 320 shares in the last quarter. Accordant Advisory Group Inc lifted its holdings in Verizon Communications by 137.6% in the 3rd quarter. Accordant Advisory Group Inc now owns 777 shares of the cell phone carrier’s stock worth $35,000 after purchasing an additional 450 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Verizon Communications during the third quarter worth approximately $44,000. Finally, McClarren Financial Advisors Inc. grew its holdings in Verizon Communications by 762.6% during the third quarter. McClarren Financial Advisors Inc. now owns 1,061 shares of the cell phone carrier’s stock valued at $48,000 after purchasing an additional 938 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Price Performance

NYSE:VZ opened at $38.33 on Wednesday. The company has a market capitalization of $161.35 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.05 and a beta of 0.46. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.62 and a current ratio of 0.66. Verizon Communications Inc. has a 52 week low of $37.58 and a 52 week high of $45.36. The company has a 50-day moving average of $41.17 and a 200-day moving average of $41.76.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Tuesday, October 22nd. The cell phone carrier reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.01. The business had revenue of $33.30 billion for the quarter, compared to analyst estimates of $33.42 billion. Verizon Communications had a return on equity of 20.05% and a net margin of 7.30%. Verizon Communications’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.22 EPS. As a group, equities research analysts anticipate that Verizon Communications Inc. will post 4.61 earnings per share for the current fiscal year.

Verizon Communications Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.6775 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.71 dividend on an annualized basis and a yield of 7.07%. Verizon Communications’s payout ratio is 116.81%.

Analyst Ratings Changes

VZ has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on shares of Verizon Communications in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $48.00 price objective for the company. StockNews.com cut shares of Verizon Communications from a “strong-buy” rating to a “buy” rating in a report on Monday, December 16th. KeyCorp lowered Verizon Communications from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Raymond James increased their target price on Verizon Communications from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Finally, Citigroup lifted their price target on Verizon Communications from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Verizon Communications currently has an average rating of “Hold” and an average target price of $46.54.

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).