Verizon Communications INC (VZ) Holder Federated Investors INC Raised Its Stake by $38.57 Million

January 19, 2018 - By marketbeat

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is without change, 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. Pring Turner Cap Inc has invested 1.28% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Baldwin Management Ltd Llc stated it has 11,043 shares or 0.21% of all its holdings. Susquehanna Intl Group Incorporated Llp owns 912,610 shares for 0.02% of their portfolio. Violich Incorporated reported 133,479 shares. Cape Cod Five Cents Bankshares owns 121,728 shares. Oxbow Advisors Ltd Liability Com invested in 0.55% or 58,572 shares. Supplemental Annuity Collective Of Nj accumulated 47,000 shares or 1.02% of the stock. Beacon Advisors Inc accumulated 3,727 shares. 51,865 were accumulated by Sg Americas Ltd Llc. Mckinley Carter Wealth Svcs holds 13,641 shares or 0.26% of its portfolio. Los Angeles Capital Mngmt And Equity reported 711,899 shares. First Bancorp owns 37,746 shares. Carnegie Asset Mngmt Ltd Limited Liability Company owns 0.82% invested in Verizon Communications Inc. (NYSE:VZ) for 143,268 shares. Reik & Ltd has 7,688 shares for 0.13% of their portfolio. Wespac Limited Liability Company holds 6,704 shares.

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

Federated Investors Inc increased its stake in Verizon Communications Inc (VZ) by 3.77% based on its latest 2017Q3 regulatory filing with the SEC. Federated Investors Inc bought 787,086 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 21.68 million shares of the telecommunications equipment company at the end of 2017Q3, valued at $1.07B, up from 20.90M at the end of the previous reported quarter. Federated Investors Inc who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $209.36B market cap company. The stock decreased 0.45% or $0.23 during the last trading session, reaching $51.32. About 7.70 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 19, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Federated Investors Inc, which manages about $34.87B US Long portfolio, decreased its stake in Cigna Corporation (NYSE:CI) by 39,359 shares to 222,362 shares, valued at $41.57M in 2017Q3, according to the filing. It also reduced its holding in Merck & Co Inc (NYSE:MRK) by 1.35 million shares in the quarter, leaving it with 9.28 million shares, and cut its stake in Goldman Sachs Group Inc (NYSE:GS).

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Nasdaq.com which released: “Verizon Communications (VZ) Q4 Earnings: What’s in Store?” on January 17, 2018, also Fool.com with their article: “Better Stock: Verizon Communications Inc. vs. AT&T Inc.” published on December 20, 2017, 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: Nasdaq.com and their article: “Will Verizon (VZ) Gain Postpaid Wireless Subscribers in Q4?” published on January 18, 2018 as well as Nasdaq.com‘s news article titled: “Verizon Communications Inc. (VZ) Ex-Dividend Date Scheduled for January 09, 2018” with publication date: January 08, 2018.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold. Therefore 23% are positive. Verizon Communications Inc. had 64 analyst reports since July 22, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Hold” rating and $52.0 target in Monday, September 18 report. The stock has “Neutral” rating by DA Davidson on Thursday, February 4. The stock has “Perform” rating by Oppenheimer on Wednesday, July 20. Argus Research downgraded the stock to “Hold” rating in Friday, April 21 report. On Tuesday, July 18 the stock rating was maintained by Cowen & Co with “Hold”. Wells Fargo downgraded the shares of VZ in report on Monday, January 23 to “Market Perform” rating. The rating was downgraded by Bernstein to “Market Perform” on Thursday, April 7. SunTrust maintained it with “Hold” rating and $50.0 target in Friday, October 20 report. The company was initiated on Thursday, January 19 by HSBC. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by Jefferies on Friday, October 6.

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