The stock declined 0.53% or $0.26 reaching $48.52 on the news. (VZ) has the trading volume of 11.06 Million shares with the average trading volume of 12910 shares.
Verizon Communications (NYSE:VZ) last posted its earnings results on Thursday, July 27th. It has underperformed by 25.18% the S&P500. Huff W R Asset Management Co. CALDWELL BARRY H sold $516,863 worth of stock or 7,094 shares. The Gardner Lewis Asset Management LP holds 34,965 shares with $2.75 million value, up from 13,160 last quarter. Waste Mgmt Inc Del now has $33.24 billion valuation. The company has an average rating of "Hold" and a consensus target price of $52.73. It is down 56.44% since August 15, 2016 and is uptrending. It has underperformed by 6.21% the S&P500. Verizon Communications accounts for approximately 2.1% of Community Financial Services Group LLC's holdings, making the stock its 22nd largest position. On Tuesday, May 30 the insider SILLIMAN CRAIG L. sold $27,657. On Thursday, February 23 the insider Gurnani Roger sold $543,385.
Investors sentiment increased to 1.11 in 2016 Q4. Its up 0.01, from 1.1 in 2016Q3. Institutional investors own 62.33% of the company's stock. Sold All: 60 Reduced: 658 Increased: 683 New Position: 115. Bessemer Grp Inc accumulated 4.82M shares or 1.19% of the stock. (NYSE:VZ) news were published by: Prnewswire.com which released: "Verizon announces accepted amounts and pricing terms of its tender offers for ..." on August 15, 2017, also Livetradingnews.com with their article: "Verizon Communications Inc". Another trade for 12,130 shares valued at $1.08M was sold by Jorgensen Blake J. Shares for $108,844 were sold by Warren Denise. Citigroup Inc has invested 0.15% of its portfolio in Verizon Communications Inc. (VZ) is its Earnings per Share or EPS. Massachusetts Financial Services Ma owns 27.27 million shares or 0.71% of their United States portfolio. (NYSE:WM). Punch And Assoc Investment reported 79,167 shares. Amer Natl Insurance Tx reported 0.94% stake. Athena Capital Advisors Ltd Co holds 5,031 shares or 0.09% of its portfolio. Teacher Retirement System Of Texas accumulated 0.03% or 47,294 shares. Coastline Trust Co stated it has 0.74% of its portfolio in Verizon Communications Inc. Fcg Advsrs Llc holds 0.39% or 16,418 shares.
Pioneer Investment Management Inc increased Kansas City Southern (NYSE:KSU) stake by 981,358 shares to 1.05 million valued at $88.82 million in 2016Q4. (NYSE:VZ). Atalanta Sosnoff Cap Ltd Limited Liability Company has invested 0.13% of its portfolio in Verizon Communications Inc. (NYSE:VZ) sales have annually surged 2.60% on average, however its earnings per share growth remained at 65.80%. It also upped A O Smith Corp (NYSE:AOS) stake by 88,199 shares and now owns 187,250 shares. Franklin Street Pptys Corp (NYSEMKT:FSP) was reduced too. Bennicas & Associates Inc.'s holdings in Verizon Communications were worth $1,095,000 as of its most recent filing with the SEC. (NYSE:VZ) earned "Buy" rating by Vetr on Tuesday, August 11. Therefore 25% are positive.
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The company reported ($0.36) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.29) by $0.07. The business had revenue of $181.70 million during the quarter, compared to analysts' expectations of $186.49 million.
Among 21 analysts covering Electronic Arts (NASDAQ:EA), 19 have Buy rating, 0 Sell and 2 Hold. The stock's 50 day moving average is $45.65 and its 200 day moving average is $47.30. The firm has "Buy" rating by HSBC given on Monday, October 3. TheStreet upgraded Verizon Communications from a "c+" rating to a "b-" rating in a research report on Tuesday, August 8th. Finally, Jefferies Group LLC reaffirmed a "hold" rating and set a $50.00 price objective (down from $51.00) on shares of Verizon Communications in a research note on Sunday, April 23rd. They issued a "hold" rating and a $50.00 price target for the company. The rating was maintained by RBC Capital Markets on Monday, July 31 with "Sector Perform". The company was maintained on Monday, April 18 by Barclays Capital. (NYSE:VZ) rating on Friday, April 1. Following the transaction, the executive vice president now owns 7,819 shares of the company's stock, valued at $373,279.06.
Want to see what other hedge funds are holding VZ? The rating was initiated by DA Davidson on Thursday, February 4 with "Neutral". If the market is performing well and the stock is over-valued, VZ might be a good investment at this point but if the market is dropping down, you might not consider buying the stock.
Monarch Partners Asset Management Llc increased Franklin Finl Network Inc stake by 94,322 shares to 114,617 valued at $4.80M in 2016Q4. (NYSE:WM). Evercore Wealth Mgmt has invested 0.03% in Waste Management, Inc. Electronic Arts had 53 analyst reports since July 28, 2015 according to SRatingsIntel. (NYSE:VZ). Delta Cap Management Ltd Llc holds 42,945 shares or 1.63% of its portfolio. Therefore 77% are positive. On average, equities analysts expect that Verizon Communications Inc. will post $3.79 EPS for the current fiscal year. It shows the cash a company is able to generate after spending the money need to maintain or grow its asset base. (NYSE:WM) on Wednesday, July 5 with "Buy" rating. The company was maintained on Friday, July 7 by RBC Capital Markets. The ex-dividend date was set for Thursday the 6th of July 2017. The firm has "Buy" rating by Needham given on Friday, September 9.
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