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Synergy Asset Management LLC Sells 155,634 Shares of Verizon Communications Inc. $VZ
Synergy Asset Management LLC reduced its stake in Verizon Communications Inc. by selling 155,634 shares, decreasing its position by 63.8% to 88,343 shares worth approximately $3.60 million. This comes as analysts have raised ratings and price targets for Verizon, contributing to a “Moderate Buy” consensus. Verizon also slightly surpassed Q4 estimates and increased its quarterly dividend to $0.7075, offering an annualized yield of 5.6%.