Vanguard Group Inc. increased its stake in Verizon Communications Inc. by 0.3% in the third quarter, bringing its total holdings to 373,904,749 shares valued at approximately $16.43 billion. Verizon also raised its quarterly dividend to $0.7075, offering a 5.8% yield, and reported strong Q3 earnings with $1.09 EPS on $36.38 billion revenue. Analysts have a consensus “Moderate Buy” rating for the stock with a target price of $49.02.
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Vanguard Group Inc. Raises Stock Position in Verizon Communications Inc. $VZ
Vanguard Group Inc. increased its stake in Verizon Communications Inc. by 0.3% in the third quarter, bringing its total holdings to 373,904,749 shares valued at approximately $16.43 billion. Verizon also raised its quarterly dividend to $0.7075, offering a 5.8% yield, and reported strong Q3 earnings with $1.09 EPS on $36.38 billion revenue. Analysts have a consensus “Moderate Buy” rating for the stock with a target price of $49.02.