DDD Partners LLC has acquired a new position in Verizon Communications Inc. (NYSE:VZ), purchasing 416,063 shares valued at approximately $18.29 million, making it their 28th largest holding. The article also notes that Verizon recently reported Q4 earnings beating estimates, increased its quarterly dividend to $0.7075, and has an average analyst rating of “Moderate Buy” with a $49.02 price target. Other institutional investors have also adjusted their stakes in Verizon, and an EVP recently sold shares, though company insiders still hold a small percentage of the stock.
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DDD Partners LLC Invests $18.29 Million in Verizon Communications Inc. $VZ
DDD Partners LLC has acquired a new position in Verizon Communications Inc. (NYSE:VZ), purchasing 416,063 shares valued at approximately $18.29 million, making it their 28th largest holding. The article also notes that Verizon recently reported Q4 earnings beating estimates, increased its quarterly dividend to $0.7075, and has an average analyst rating of “Moderate Buy” with a $49.02 price target. Other institutional investors have also adjusted their stakes in Verizon, and an EVP recently sold shares, though company insiders still hold a small percentage of the stock.