Capital expenditures totaled $2.7 billion.
More notable recent Citigroup Inc (NYSE:C) news were published by: Investorplace.com which released: "How to Trade Citigroup Inc (C) After It Has Seen the Top" on October 16, 2017, also Seekingalpha.com with their article: "Citigroup: Good Results, But Stock Out Of Breath" published on October 12, 2017, Seekingalpha.com published: "Citigroup: All Eyes On Credit Quality Issues" on October 17, 2017. Verizon Communications had a net margin of 12.88% and a return on equity of 63.06%. Quarterly revenue was $31.72 billion, slightly higher than analyst expectations of $31.25 billion. Adjusted EPS fell to Dollars 0.98 from USD 1.01 a year ago. The business's quarterly revenue was up.1% compared to the same quarter past year.
Shares of Verizon climbed after the company's wireless business posted generally positive third-quarter results, beating analysts' expectations. Mizuho maintained the stock with "Buy" rating in Friday, October 28 report. Sony Corporation is given 2 buy-equivalent recommendations, 0 sells and 0 holds.
McAdam said that Verizon still has the flexibility to up dividends.
Analysts are closely awaiting the release of Apple Inc.'s latest phones, including the premium iPhone X. If popular, the new phones could drive more customers to upgrade at Verizon but rivals could also grab customers away with discounts. Vetr upgraded Verizon Communications from a "buy" rating to a "strong-buy" rating and set a $50.65 target price on the stock in a report on Wednesday, July 5th. (NYSE:VZ). At the time of writing, the First Call consensus price target for the company is $49.64. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/19/beese-fulmer-investment-management-inc-sells-4394-shares-of-verizon-communications-inc-vz.html. Finally, Goldman Sachs Group, Inc. The hedge fund run by Paul J. Isaac held 121,000 shares of the major banks company at the end of 2017Q2, valued at $8.09 million, down from 675,000 at the end of the previous reported quarter. The stock now has a consensus rating of "Hold" and an average price target of $52.86.
In related news, EVP Craig L. Silliman sold 610 shares of the stock in a transaction dated Monday, August 28th. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 1,830 shares of company stock worth $88,828. Ronna Sue Cohen lifted its stake in shares of Verizon Communications by 0.4% in the 2nd quarter. Share performance for the month is now at 2.77%. Nottingham Advisors Inc. now owns 6,425 shares of the cell phone carrier's stock valued at $287,000 after purchasing an additional 35 shares during the last quarter. That is more that the loss of 15,000 in the second quarter and 13,000 in the first quarter. Finally, Heritage Investors Management Corp increased its stake in shares of Verizon Communications by 4.4% in the 1st quarter.
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Parsec Financial Management Inc decreased its stake in Verizon Communications (VZ) by 7.41% based on its latest 2017Q2 regulatory filing with the SEC.