Money

(VZ) is Rockland Trust Co.'s 5th Largest Position

January 17, 2018 05:54·

The institutional investor held 530,572 shares of the technology company at the end of 2017Q3, valued at $11.91 million, down from 548,662 at the end of the previous reported quarter. The company has a debt-to-equity ratio of 4.05, a current ratio of 1.07 and a quick ratio of 1.02. The stock decreased 2.32% or $0.65 during the last trading session, reaching $27.4. About 1.57M shares traded. (NYSE:VZ) news were published by: Fool.com which released: "Better Stock: Verizon Communications Inc. vs. AT&T Inc." on December 20, 2017, also Investorplace.com with their article: "3 Reasons Verizon Communications Inc".

Credit Capital Investments Llc increased Verizon Communications Inc (VZ) stake by 300% reported in 2017Q3 SEC filing. Skba Capital Management Llc sold 16,300 shares as the company's stock declined 7.66% while stock markets rallied. Accredited Investors Inc. now owns 40,436 shares of the cell phone carrier's stock valued at $2,001,000 after acquiring an additional 31,576 shares during the last quarter. The stock increased 4.32% or $0.23 during the last trading session, reaching $5.6. About 5,539 shares traded. The correct version of this article can be viewed at https://www.truebluetribune.com/2018/01/16/canada-pension-plan-investment-board-sells-281500-shares-of-verizon-communications-inc-vz.html. It has underperformed by 25.18% the S&P500.

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

VZ has been the topic of a number of research analyst reports. The business's revenue for the quarter was up 2.5% compared to the same quarter past year. During the same period in the prior year, the firm posted $1.01 EPS. research analysts anticipate that Verizon Communications Inc. will post 3.77 earnings per share for the current year. (NYSE:VZ). Moreover, Marble Harbor Investment Counsel Lc has 0.06% invested in Verizon Communications Inc. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Therefore 27% are positive.

Private Vista LLC grew its position in Verizon Communications Inc.

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Analysts await Verizon Communications Inc. (NYSE:PX) rating on Friday, October 27. UBS maintained it with "Buy" rating and $50.0 target in Tuesday, September 12 report.

Verizon Communications Inc is a holding company. The ex-dividend date of this dividend is Tuesday, January 9th. This nets out to an increase of 10.97 million shares and is a bullish sign for VZ. Cowen & Co maintained the shares of VZ in report on Tuesday, July 18 with "Hold" rating. On Friday, November 6 the stock rating was initiated by Credit Suisse with "Outperform". On Wednesday, October 21 the stock rating was maintained by FBR Capital with "Outperform". Oppenheimer maintained Acceleron Pharma Inc.

Investors sentiment is 0.88 in Q3 2017. 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. Boston Ptnrs holds 0.04% of its portfolio in Verizon Communications Inc. Cypress Asset Mgmt Inc Tx has 1.33% invested in Verizon Communications Inc. Sheets Smith Wealth Mgmt holds 0.52% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Transamerica Finance Advisors Incorporated owns 14,379 shares. Hoertkorn Richard Charles reported 800 shares. Argent Cap Ltd holds 0.36% or 188,947 shares in its portfolio. Green Square Cap Ltd Liability Company, Tennessee-based fund reported 150,166 shares. (NYSE:LAD) for 58,970 shares. Villere St Denis J And Limited Liability Company, Louisiana-based fund reported 165,450 shares. Further, company shares have been seen trading -41.04% off of the 52 week high and 4.98% away from the 52 week low. STATE STREET CORP owned 11.13% of Verizon Communications Inc. Guggenheim Cap invested 0.01% of its portfolio in Lithia Motors, Inc. (NYSE:VZ). Regions Fincl Corp reported 2.09M shares stake. (NYSE:RST) to report earnings on March, 13. Legal General Grp Public Ltd Com invested in 24.50M shares. They expect $-0.29 earnings per share, down 45.00% or $0.09 from last year's $-0.2 per share. CHUY's profit will be $3.38M for 33.63 P/E if the $0.20 EPS becomes a reality. After $0.90 actual EPS reported by Waste Management, Inc. for the previous quarter, Wall Street now forecasts -7.78% negative EPS growth. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". Therefore 0 are positive. Acceleron Pharma had 35 analyst reports since August 13, 2015 according to SRatingsIntel. Cowen reissued a "hold" rating and set a $52.00 price objective on shares of Verizon Communications in a report on Tuesday, September 19th. The company was downgraded on Thursday, April 21 by Robert W. Baird. (NYSE:VZ) has "Hold" rating given on Sunday, September 17 by RBC Capital Markets. Verizon Communications presently has an average rating of "Hold" and an average target price of $51.98. Coldstream Capital Mgmt stated it has 0.03% in Waste Management, Inc. As per Monday, January 25, the company rating was maintained by RBC Capital Markets. As per Monday, December 19, the company rating was upgraded by Avondale. The firm has "Buy" rating by Jefferies given on Wednesday, June 28. The firm has "Neutral" rating by Susquehanna given on Thursday, February 2. On Thursday, April 7 the stock rating was downgraded by Bernstein to "Market Perform".

Investors sentiment decreased to 1.01 in Q3 2017. Its up 0.18, from 0.9 in 2017Q2.

Several other institutional investors have also sold shares of the company. 34 funds opened positions while 57 raised stakes. Lyons Wealth Management Llc reported 0.74% stake. 15,561 are owned by Lucus Advsrs Limited Liability. (NASDAQ:AAPL). Pacad Limited has invested 0.51% of its portfolio in Apple Inc. 180,022 were accumulated by Riverbridge Partners Ltd Liability Corp. Boltwood Management holds 32,221 shares or 1.04% of its portfolio. D L Carlson Inv Grp Inc Inc accumulated 43,747 shares. The New York-based Basswood Capital Management L.L.C. has invested 2.73% in the stock. Oakbrook Llc has 231,017 shares for 0.74% of their portfolio. Finally, First Command Bank lifted its holdings in shares of Verizon Communications by 63.4% in the second quarter.

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