Richard C. Young & CO. LTD. Sells 50,067 Shares of Verizon Communications Inc. $VZ

Richard C. Young & CO. LTD. reduced its stake in Verizon Communications by 13.6% in Q4, selling 50,067 shares and retaining 316,786 shares valued at $12.9 million. Verizon faces near-term risks from its Q1 earnings, Frontier integration, fiber capex, and wireless competition, despite positive sentiment around its 5G network expansion and a recent legal win against T-Mobile. The company increased its quarterly dividend to $0.7075, offering an annualized yield of about 6.1%, and holds a consensus “Moderate Buy” analyst rating with an average target price of $50.56.

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