Verizon Communications Inc. (VZ) - Worth Watching Stock

Joanna Estrada
December 5, 2017

The institutional investor held 5,430 shares of the telecommunications equipment company at the end of 2017Q2, valued at $243,000, down from 51,874 at the end of the previous reported quarter. Marco Investment Management Llc who had been investing in Novartis A G for a number of months, seems to be less bullish one the $198.89B market cap company.

The stock decreased 5.05% or $0.25 during the last trading session, reaching $4.7. About 194,884 shares traded or 6.49% up from the average. Veritiv Corporation (VRTV) has risen 28.48% since December 4, 2016 and is uptrending. It has outperformed by 30.80% the S&P500.

Jefferies Group Llc increased its stake in Verizon Communications Inc (Put) (VZ) by 110.49% based on its latest 2017Q2 regulatory filing with the SEC. Check Capital Management Inc sold 26,613 shares as Verizon (VZ)'s stock declined 7.66%. The Lodestar Investment Counsel Llc holds 39,023 shares with $1.74 million value, down from 210,495 last quarter.

Verizon Communications Inc. has been given an analysts' mean target of 50.61. About 18,679 shares traded.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Thursday, October 19th. It has underperformed by 10.75% the S&P500. Raymond James downgraded Verizon Communications Inc. Oakmont Partners LLC grew its stake in shares of Verizon Communications by 0.3% in the second quarter.

Verizon Communications Inc is a holding company. (NYSE:VZ) news were published by: Nasdaq.com which released: "The Zacks Analyst Blog Highlights: Netflix, Facebook, Alphabet, Verizon ..." on November 30, 2017, also Reuters.com with their article: "Comcast, Verizon approached Twenty-First Century Fox to buy some assets: sources" published on November 16, 2017, Twst.com published: "Verizon Communications Inc.: Verizon announces pricing terms of tender offers ..." on November 30, 2017. Twenty-six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Therefore 0 are positive. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 11 with "Hold". The original version of this piece of content can be read at https://www.thelincolnianonline.com/2017/12/04/verizon-communications-inc-vz-holdings-lifted-by-provise-management-group-llc-updated.html. Bank of America set a $52.00 price objective on Verizon Communications and gave the stock a "buy" rating in a report on Friday, October 20th. (NYSE:VET) earned "Outperform" rating by RBC Capital Markets on Thursday, July 27. On Tuesday, January 3 the stock rating was upgraded by Citigroup to "Buy". (NYSE:VZ) on Friday, July 14 with "Hold" rating. More interesting news about Verizon Communications Inc. The firm has a market capitalization of $188.47 billion, a P/E ratio of 15.45 and a beta of 0.43. The stock has "Market Perform" rating by Bernstein on Thursday, April 7. The company was maintained on Wednesday, March 8 by TD Securities. The rating was downgraded by Oppenheimer to "Perform" on Wednesday, July 20. Its down 0.12, from 1 in 2017Q1. Insiders have sold a total of 1,830 shares of company stock worth $88,609 over the last 90 days. Ltd. raised its stake in shares of Verizon Communications by 1.6% in the third quarter.

VZ has been the subject of several research analyst reports. First Foundation, California-based fund reported 14,181 shares. Quentec Asset Mgmt Ltd Com reported 2.09% stake. Atria Invests holds 0.32% of its portfolio in Verizon Communications Inc. (NYSE:VZ) or 4.35 million shares. The company's stock had a trading volume of 19,371,000 shares, compared to its average volume of 15,631,953. Parthenon Llc, a Kentucky-based fund reported 161,794 shares. Finally, KeyCorp reissued a "hold" rating on shares of Verizon Communications in a research note on Saturday, October 21st. Synovus Finance accumulated 262,489 shares. Caisse De Depot Et Placement Du Quebec invested in 2.68M shares. (NYSE:VZ). Brown Advisory Limited Liability owns 0.88% invested in Verizon Communications Inc. 123,177 are owned by Ftb Advsr. Mcmillion Capital Management Inc. now owns 82,604 shares of the cell phone carrier's stock valued at $4,294,000 after buying an additional 3,048 shares during the last quarter. Trillium Asset Mngmt Ltd stated it has 415,264 shares.

More notable recent Vermilion Energy Inc. The stock jumped 11.37 percent over the past six months. Also Marketwatch.com published the news titled: "51job Inc". Therefore 50% are positive. The stock has "Buy" rating by Argus Research on Wednesday, October 21. The firm earned "Buy" rating on Friday, January 6 by Societe Generale.

Hugh Johnson Advisors Llc, which manages about $1.13B and $313.32 million US Long portfolio, upped its stake in Vanguard Mortgage (VMBS) by 8,470 shares to 55,470 shares, valued at $2.92M in 2017Q2, according to the filing. They expect $0.88 earnings per share, up 2.33% or $0.02 from last year's $0.86 per share.

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