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Cullen Investment Group LTD. Sells 80,945 Shares of Verizon Communications Inc. $VZ
Cullen Investment Group LTD. reduced its stake in Verizon Communications Inc. by 44.4% in the fourth quarter, selling 80,945 shares and holding 101,202 shares valued at $4.095 million. Despite this, other institutional investors increased their positions, and the company has seen insider selling over the past three months. Analysts generally have a “Moderate Buy” rating for Verizon, with a consensus price target of $50.32, and the company recently increased its quarterly dividend.