Arvest Trust Company increased its stake in Verizon Communications Inc (VZ) by 1223.58% based on its latest 2017Q3 regulatory filing with the SEC. Stratos Wealth Partners Ltd bought 8,005 shares as the company's stock declined 13.36% while stock markets rallied. The institutional investor held 53,316 shares of the telecommunications equipment company at the end of 2017Q3, valued at $2.64 million, up from 36,634 at the end of the previous reported quarter. Fernwood Investment Management Llc who had been investing in Williams Cos Inc Del Com for a number of months, seems to be bullish on the $22.51 billion market cap company. It closed at $0.04 lastly.
Verizon Communications (NYSE:VZ) last announced its earnings results on Tuesday, January 23rd. It has underperformed by 16.70% the S&P500.
Investors sentiment increased to 1.02 in Q3 2017. Its the same as in 2017Q2.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VZ. This represents an increase of 12% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks. Qci Asset Management New York owns 14,314 shares. Ajo LP accumulated 1.57% or 7.31M shares. (NYSE:VZ) for 869,282 shares. Prudential Public Llc invested 0.24% of its portfolio in Verizon Communications Inc. (NYSE:V) stake by 25,310 shares to 109,125 valued at $11.48M in 2017Q3. Alps Advisors Inc. lifted its holdings in Verizon Communications by 5.2% in the second quarter. The cell phone carrier reported $0.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.02). Hirtle Callaghan And Company Limited Liability Corp invested in 0.02% or 5,050 shares. Ckw Financial reported 7,773 shares. 44,479 were reported by Wade G W. United Bancshares has invested 0.2% in Verizon Communications Inc. (NYSE:VZ). Argent Tru Communication stated it has 0.85% in Verizon Communications Inc. Adirondack Tru stated it has 230 shares. Jolley Asset Mngmt Ltd Liability reported 0.05% of its portfolio in Verizon Communications Inc.
Since September 27, 2017, it had 0 insider purchases, and 3 selling transactions for $406,645 activity.
Among 28 analysts covering Verizon Communications Inc.
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In other Verizon Communications news, SVP Anthony T. Skiadas sold 6,967 shares of the company's stock in a transaction dated Tuesday, February 13th.
Verizon Communications Inc. has a fifty-two week low of $42.80 and a fifty-two week high of $54.77. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. Therefore 31% are positive. Mirae Asset Glob Communication Limited reported 0.24% of its portfolio in Verizon Communications Inc. (NYSE:VZ) earned "Hold" rating by KeyBanc Capital Markets on Wednesday, October 11. The recent close goes a long way in suggesting that the stock price is being underpriced by a 34.18% compared to the most bullish target. The rating was maintained by Briley on Monday, August 29 with "Neutral". The stock of Verizon Communications Inc. (NYSE:VZ) opened at $49.01 on Friday. Out of 2 Wall Street analysts rating Int'l Speedway, 0 give it "Buy", 1 "Sell" rating, while 1 recommend "Hold". Nomura raised Verizon Communications from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $47.00 to $61.00 in a research report on Tuesday, December 12th. Verizon Communications comprises 1.8% of Payden & Rygel's investment portfolio, making the stock its 17th biggest holding. The stock of Ferroglobe PLC (NASDAQ:GSM) earned "Buy" rating by Jefferies on Friday, August 18. The correct version of this piece can be accessed at https://baseballnewssource.com/2018/03/10/verizon-communications-vz-upgraded-to-buy-by-moffett-nathanson/1949319.html. Jefferies maintained the stock with "Buy" rating in Wednesday, July 19 report. On Friday, July 28 the stock rating was maintained by Cowen & Co with "Hold".
Investors sentiment decreased to 1.13 in Q3 2017. Its down 0.15, from 1.34 in 2017Q2. The data from the past twelve months tells a similar story: insiders executed 122 buys and 233 sells, and ownership decreased by a net of 16.26 million shares. 73 funds opened positions while 295 raised stakes. They expect $1.12 EPS, up 17.89% or $0.17 from last year's $0.95 per share. Broadview Advsr Limited Liability Company holds 24,175 shares. (NYSE:WMB). Mai Capital holds 0.04% or 23,325 shares. DekaBank Deutsche Girozentrale increased its holdings in shares of Verizon Communications by 4.6% in the 2nd quarter. The Wisconsin-based Johnson Fincl Gp has invested 0.05% in Salesforce.com, inc. The company has a market cap of $199,930.00, a price-to-earnings ratio of 15.08, a PEG ratio of 1.98 and a beta of 0.67. Benjamin F Edwards And owns 3,155 shares for 0.04% of their portfolio. Bw Gestao De Investimentos Ltda accumulated 12,000 shares. The volume for the company on March 08, 2018 consisted of almost 16.73 million contracts traded.
The company during the last trade was able to reach a volume of 6.04 million shares. Culbertson A N And owns 133,617 shares. Narwhal Capital Mgmt invested in 0.48% or 49,337 shares. Adams Asset Advsr Limited has invested 0.93% in Verizon Communications Inc. (NASDAQ:BMRN). Prudential Financial has 158,700 shares. Beach Counsel Inc Pa accumulated 96,742 shares.
Institutions own 71.81% of Facebook, Inc. (NASDAQ:EA) stake by 4,145 shares and now owns 7,335 shares. Another trade for 1,015 shares valued at $115,177 was made by Dayon Alexandre on Thursday, February 22. $2.72 million worth of stock was sold by Davis George Eric on Thursday, February 1. $2.81M worth of Western Alliance Bancorporation (NYSE:WAL) was sold by Sarver Robert Gary.
Among 27 analysts covering BioMarin Pharmaceutical (NASDAQ:BMRN), 21 have Buy rating, 0 Sell and 6 Hold. Therefore 89% are positive. Scotiabank raised shares of Verizon Communications from a "sector perform" rating to a "buy" rating and set a $60.00 price target on the stock in a report on Monday, January 22nd. The stock of BioMarin Pharmaceutical Inc. On Monday, August 28 the stock rating was maintained by RBC Capital Markets with "Hold". The stock has "Mkt Perform" rating by FBR Capital on Friday, July 22. The firm has "Buy" rating by Piper Jaffray given on Thursday, January 18. The firm has "Equal Weight" rating given on Thursday, April 13 by Barclays Capital. The company was initiated on Tuesday, October 11 by Stifel Nicolaus. The company was maintained on Thursday, March 1 by Canaccord Genuity. The rating was maintained by Cowen & Co with "Buy" on Tuesday, September 5.