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WealthBridge Investment Counsel increased its Verizon holdings, reflecting the company's strong earnings and a 6.18% dividend yield.
WealthBridge Investment Counsel Inc. increased its stake in Verizon Communications by purchasing 550 shares, making Verizon now 2.2% of its holdings, valued at $5.98 million.
Verizon reported strong earnings of $1.19 per share, surpassing estimates by $0.04, and has a dividend yield of 6.18%.
The stock, with a market cap of $184.76 billion, currently has a "Moderate Buy" rating and an average price target of $47.41.
Other institutional investors also adjusted their Verizon holdings, with some reducing and others increasing their stakes.
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WealthBridge Investment Counsel aumentó sus tenencias de Verizon, reflejando las fuertes ganancias de la compañía y un rendimiento de dividendos del 6,18%.