Panagora Asset Management Inc. Sells 124,804 Shares of Verizon Communications Inc. $VZ
Panagora Asset Management Inc. reduced its stake in Verizon Communications Inc. by 74.1% in Q2, selling 124,804 shares. The remaining 43,603 shares are valued at $1,887,000. Other institutional investors have also adjusted their positions in Verizon. Analysts have issued mixed ratings, with a consensus "Hold" rating and a target price of $47.41. Verizon's Q3 earnings exceeded expectations, with a 1.5% revenue increase year-over-year. The company announced a quarterly dividend of $0.69 per share, yielding 6.7% annually.
Market Beat·