As Verizon Communications INC (VZ) Stock Declined, Shareholder Old Republic International Corp Trimmed by $3.92 Million Its Position

January 14, 2018 - By Ellis Scott

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Miles Cap Inc stated it has 4,125 shares or 0.12% of all its holdings. 1832 Asset Mngmt Limited Partnership owns 6.39 million shares. Pittenger And Anderson invested 0.49% in Verizon Communications Inc. (NYSE:VZ). Horan Capital Advsrs Ltd Liability has invested 2.25% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Cypress Cap Mgmt Ltd Liability Corporation holds 2.69% or 256,150 shares in its portfolio. Boston Private Wealth Ltd Liability invested 0.92% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Nomura Asset Limited holds 0.56% or 874,404 shares. Signaturefd Ltd Liability accumulated 18,241 shares or 0.12% of the stock. 37,045 were accumulated by Bremer Trust Natl Association. 83,977 were reported by Tiedemann Wealth Management Limited Liability Corporation. Sva Plumb Wealth Limited Liability Corporation accumulated 77,807 shares. Boston Research Management holds 46,514 shares or 1.18% of its portfolio. Moors And Cabot Incorporated has invested 1.4% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Goldman Sachs Group Inc reported 20.89M shares stake. Community Fincl Bank Of Raymore accumulated 0.1% or 5,574 shares.

Since August 28, 2017, it had 0 insider buys, and 3 insider sales for $89,365 activity.

Old Republic International Corp decreased its stake in Verizon Communications Inc (VZ) by 3.83% based on its latest 2017Q3 regulatory filing with the SEC. Old Republic International Corp sold 80,000 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 2.01 million shares of the telecommunications equipment company at the end of 2017Q3, valued at $99.30 million, down from 2.09 million at the end of the previous reported quarter. Old Republic International Corp who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $211.56 billion market cap company. The stock decreased 0.48% or $0.25 during the last trading session, reaching $51.86. About 17.67 million shares traded or 5.69% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 14, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 23. They expect $0.88 earnings per share, up 2.33 % or $0.02 from last year’s $0.86 per share. VZ’s profit will be $3.59 billion for 14.73 P/E if the $0.88 EPS becomes a reality. After $0.98 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20 % negative EPS growth.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Investorplace.com which released: “Trade of the Day: Verizon Communications Inc. (VZ)” on December 18, 2017, also Seekingalpha.com with their article: “Discovery up again after conference talks, Verizon deal” published on January 11, 2018, Fool.com published: “Better Buy: Verizon Communications Inc. vs. Frontier Communications” on January 02, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Investorplace.com and their article: “3 Reasons Verizon Communications Inc. Could Be a Winner in 2018” published on January 02, 2018 as well as Fool.com‘s news article titled: “Better Stock: Verizon Communications Inc. vs. AT&T Inc.” with publication date: December 20, 2017.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 19 Hold. Therefore 27% are positive. Verizon Communications Inc. had 63 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by FBR Capital to “Mkt Perform” on Wednesday, January 25. Nomura initiated it with “Neutral” rating and $47 target in Friday, October 16 report. As per Tuesday, February 21, the company rating was upgraded by Moffett Nathanson. The company was maintained on Friday, October 20 by SunTrust. The rating was downgraded by Moffet Nathanson to “Neutral” on Friday, April 1. On Wednesday, October 4 the stock rating was maintained by Robert W. Baird with “Hold”. The rating was downgraded by Hilliard Lyons to “Neutral” on Wednesday, July 27. The stock has “Perform” rating by Oppenheimer on Wednesday, July 20. The firm earned “Neutral” rating on Thursday, February 4 by DA Davidson. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by Cowen & Co on Friday, July 28.

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