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Inspire Trust Co. N.A. Increases Position in Verizon Communications Inc. $VZ
Inspire Trust Co. N.A. has increased its stake in Verizon Communications Inc. by 25.7% during the third quarter, bringing its total holdings to 132,000 shares valued at approximately $5.80 million. This comes as Verizon reported strong Q4 results, beating EPS and revenue estimates, and announced an increased quarterly dividend. The company also received a “Moderate Buy” consensus rating from analysts with a target price of $49.02.