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Savvy Advisors Inc. boosts Verizon stake, despite slight earnings miss, with strong dividend yield.
Savvy Advisors Inc. increased its holdings in Verizon Communications Inc. by acquiring 15,486 shares, totaling 38,906 shares.
Despite a slight miss on quarterly earnings, the company has a strong dividend yield of 6.20% and a market cap of $183.88 billion.
Analysts predict a moderate buy rating with a target price of $46.92.
Verizon is expected to post 4.69 earnings per share for the year.
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Savvy Advisors Inc. aumenta la participación de Verizon, a pesar de pequeñas ganancias perdidas, con un fuerte rendimiento de dividendos.