Verizon Communications Inc. $VZ Shares Acquired by Sienna Gestion

Sienna Gestion significantly increased its holdings in Verizon Communications Inc. (NYSE:VZ) by 19.8% in the third quarter, bringing its total ownership to 296,601 shares valued at $11.885 million. Other institutional investors also adjusted their positions in VZ, reflecting ongoing interest in the cell phone carrier. Analysts have issued new price targets and ratings, with the stock holding a “Moderate Buy” consensus and a $49.02 target price, while Verizon recently reported strong quarterly earnings and increased its dividend.