In today’s session Verizon Communications Inc. (VZ) recorded an unusually high (1,060) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious VZ decrease. With 1,060 contracts traded and 14704 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: VZ170421P00050000 closed last at: $2.35 or 0.4% down. The stock decreased 1.20% or $0.62 during the last trading session, hitting $51.26. About 13.75 million shares traded hands or 11.34% up from the average. Verizon Communications Inc. (NYSE:VZ) has risen 0.82% since March 1, 2016 and is uptrending. It has underperformed by 8.43% the S&P500.
Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on October, 18. They expect $1.00 EPS, down 3.85% or $0.04 from last year’s $1.04 per share. VZ’s profit will be $4.07 billion for 12.82 P/E if the $1.00 EPS becomes a reality. After $0.94 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 6.38% EPS growth.
Verizon Communications Inc. (NYSE:VZ) Ratings Coverage
Out of 16 analysts covering Verizon Communications Inc. (NYSE:VZ), 4 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 25% are positive. $55 is the highest target while $44 is the lowest. The $51.39 average target is 0.25% above today’s ($51.26) stock price. Verizon Communications Inc. has been the topic of 25 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Perform” rating on Wednesday, July 20 by Oppenheimer. The firm has “Neutral” rating by Macquarie Research given on Tuesday, April 5. The company was maintained on Monday, January 25 by RBC Capital Markets. On Friday, April 1 the stock rating was downgraded by Moffet Nathanson to “Neutral”. The company was maintained on Wednesday, October 21 by Scotia Capital. FBR Capital maintained the stock with “Outperform” rating in Wednesday, October 21 report. The rating was downgraded by Hilliard Lyons on Wednesday, July 27 to “Neutral”. Nomura initiated Verizon Communications Inc. (NYSE:VZ) rating on Friday, October 16. Nomura has “Neutral” rating and $47 price target. The company was initiated on Thursday, February 4 by DA Davidson. The rating was downgraded by Vetr to “Buy” on Tuesday, August 11.
Insitutional Activity: The institutional sentiment decreased to 1.15 in 2016 Q2. Its down 0.07, from 1.22 in 2016Q1. The ratio dived, as 60 funds sold all Verizon Communications Inc. shares owned while 645 reduced positions. 97 funds bought stakes while 717 increased positions. They now own 2.54 billion shares or 1.12% less from 2.57 billion shares in 2016Q1.
The California-based Phocas Finance has invested 0.46% in Verizon Communications Inc. (NYSE:VZ). Aspen Inv Inc, a Michigan-based fund reported 18,722 shares. The Illinois-based Archford Strategies Lc has invested 1.1% in Verizon Communications Inc. (NYSE:VZ). Iron Lc, a Illinois-based fund reported 7,710 shares. First Heartland Consultants, a Missouri-based fund reported 56,769 shares. Pinnacle Fincl Partners Inc has 1.22% invested in the company for 95,219 shares. Swedbank last reported 1.22% of its portfolio in the stock. Seminole Mngmt last reported 5.76% of its portfolio in the stock. Davidson And Garrard accumulated 2.54% or 184,600 shares. Hancock accumulated 0.18% or 79,325 shares. Associated Banc, a Alabama-based fund reported 139,892 shares. Argent Capital Mngmt Limited Liability Corp accumulated 0.49% or 194,782 shares. Moreover, Cypress Asset Tx has 1.16% invested in Verizon Communications Inc. (NYSE:VZ) for 104,491 shares. The Connecticut-based Essex Fincl has invested 0.99% in Verizon Communications Inc. (NYSE:VZ). Keybank Association Oh last reported 2.24 million shares in the company.
Insider Transactions: Since April 26, 2016, the stock had 0 insider purchases, and 5 insider sales for $175,238 net activity. $35,213 worth of Verizon Communications Inc. (NYSE:VZ) shares were sold by SILLIMAN CRAIG L..
Verizon Communications Inc. is a holding company. The company has a market cap of $208.55 billion. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. It has a 14.5 P/E ratio. The Firm offers voice, data and video services and solutions on its wireless and wireline networks.
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