【蟹老板】VZ notes (2019-03-13)

VZ summary:（2019-03-13 close at 57.66）

- PE 15.33, PS 1.82, PB 4.38

- 过去三年收入增速低于GDP，但5G的技术的推广大概率会提高增速，公司2019年的目标是实现收入增速高于GDP增速

- 机构在增持或入场，价格范围在53~61美金之间，索罗斯新增持股（仓位：1.24%）

【SA】VZ Presentation at Presents at Morgan TMT Conf.

Matt Ellis
The longer-term revenue goal is to get to GDP plus revenue growth.

when you look at the parts of our business, where the revenue has been going in the negative direction, we see the opportunity to improve the trends in those businesses.

we think 5G gives us that opportunity again.

Low-single-digit revenue growth in 2019, with the primary driver being continuation of the service revenue trends that we saw last year and building on that.

So you have continuation of the best network performance.

So during the course of the year, we continue to step customers up to Unlimited. And even once they get into Unlimited, we have 3 different levels of pricing within Unlimited, so you can grow even within there. So that's been a significant source of ARPU growth for us.

Q418 Earnings Call slides

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• VZ growth

https://seekingalpha.com/symbol/VZ/growth

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• VZ mom

https://seekingalpha.com/symbol/VZ/momentum/performance

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• Peers

https://seekingalpha.com/symbol/VZ/peers

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【SA】Verizon: Big Money Is Flowing In

Institutional investors have been bullish on Verizon over the last 13F reporting cycle, with 18 of its 30 largest owners adding positions.

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two largest institutional owners – Vanguard Group and BlackRock Inc. – added a substantial number of shares in the last 13F reporting cycle. So, we can see that institutions have been very bullish on Verizon.

Shares of the telecom giant were hovering between about 61 a share in the last 13F reporting cycle as highlighted in the chart below.

the telecom giant offers an attractive yield of 4.25% at current prices. The company has hiked its dividend payouts consistently over the past 10 years and it would be reasonable of us to expect that

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The telecom giant may have been losing wireline subscribers but it has also been adding a far greater number of wireless retail postpaid subscribers in recent quarters.

索罗斯新增持股

https://www.gurufocus.com/guru/george+soros/current-portfolio/portfolio

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