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Institutional investors had mixed activity in Verizon, with some reducing stakes while others increased, as stock closed at $38.83.
Institutional investors made varied moves in Verizon Communications Inc. (VZ) during the second quarter, with Pinnacle Wealth Management Group and Carlton Hofferkamp & Jenks reducing stakes, while Carrera Capital Advisors significantly increased its position.
State of New Jersey Common Pension Fund D also slightly reduced its holding.
Verizon’s stock closed at $38.83, with a 52-week range of $37.58 to $47.35, a market cap of $163.7 billion, and a P/E ratio of 9.05.
Analysts maintain a "moderate buy" consensus rating with a target price of $47.41, while the company’s dividend yield stands at 7.1% following a quarterly payout of $0.69 per share.
Los inversores institucionales tuvieron una actividad mixta en Verizon, con algunos reduciendo las participaciones mientras que otros aumentaron, ya que las acciones cerraron en $ 38.83.