Verizon Communications Inc. (NYSE:VZ) saw an insider lower his holdings in the company today. The Executive Vice President of Public Policy and General Counsel Randal S. Milch disposed of 2,791 shares of common stock at an average price of $50.1 per share. Following this move, Randal directly holds a total of 6,284 shares. A $208.17 billion market cap company, Verizon Communications Inc. (NYSE:VZ) is a provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies.
In addition, there are multiple institutional investors currently involved in the company. Berkshire Hathaway, the fund run by billionaire Warren Buffett, rose its holdings with Verizon Communications Inc. (NYSE:VZ) by 37% last quarter, and now holds about 15 million shares worth nearly $734 million; while Paul Ruddock And Steve Heinz‘s Lansdowne Partners reported a 4% increase in its exposure last quarter, now holding approximately 13.91 million shares worth around $681 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.