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Miller Howard Investments Inc. NY Sells 595,652 Shares of Verizon Communications Inc. $VZ
Miller Howard Investments Inc. NY significantly reduced its stake in Verizon Communications Inc. (VZ) by 42.7% in Q4, selling over 595,000 shares and retaining a holding valued at approximately $32.6 million. This move comes amid notable insider selling, with a director selling $9.92 million worth of shares and other insiders selling a total of $10.78 million in the past 90 days. Despite the institutional and insider selling, Verizon increased its quarterly dividend and authorized a $25 billion share repurchase program, factors that could still attract shareholder interest.