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NEOS Investment Management LLC Buys 178,825 Shares of Verizon Communications Inc. $VZ
NEOS Investment Management LLC increased its stake in Verizon Communications Inc. (NYSE:VZ) by 50.8% in Q3, acquiring an additional 178,825 shares to own a total of 530,517 shares worth $23.32 million. Several other institutional investors also modified their holdings, with hedge funds and institutional investors collectively owning 62.06% of the company’s stock. Analysts have a “Moderate Buy” rating for Verizon with an average price target of $49.02, and the company recently increased its quarterly dividend.