Verizon Communications Inc (NYSE:VZ) Big Money Sentiment Improved in Q4 2017 to 1.02

May 16, 2018 - By Mark Babin

Verizon Communications Inc. (NYSE:VZ) Corporate Logo

Positions for Verizon Communications Inc (NYSE:VZ)

“Big money sentiment for Verizon Communications Inc (NYSE:VZ) in Q4 2017 increased to 1.02, revealed SEC filings. That’s up 0.14, from 2017Q3’s 0.88. 733 institutional investors opened new and increased holdings, while 719 sold and decreased holdings in Verizon Communications Inc so the sentiment is better. Funds own 2.54 billion shares, up from 2.53 billion shares in 2017Q3. Funds holding Verizon Communications Inc in top 10 increased from 75 to 85 for an increase of 10. In total 57 funds closed positions, 662 reduced and 592 increased. Also 141 funds bought new Verizon Communications Inc stakes.

Biggest Verizon Communications Inc Shareholders

American Investment Services Inc. owns 471,003 shares in Verizon Communications Inc as of Q4 2017. Verizon Communications Inc’s shareholder 10 owns 614,452 shares as of Q4 2017. Cincinnati Indemnity Co reported 34,300 shares. The Massachusetts-based fund Excalibur Management Corp have invested about 6.29% of the active investment manager’s stock portfolio in Verizon Communications Inc. The New York-based fund Clark Estates Inc Ny looks positive on Verizon Communications Inc, possessing 689,282 shares.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment services and products to consumers, businesses, and governmental agencies worldwide.The firm is valued at $198.10 billion. The Company’s Wireless segment offers wireless voice and data services; Internet access on various smart and basic phones, notebook computers, and tablets; and multimedia access, business-focused, location-based, global data, home phone handsets, and high-speed Internet services, as well as network access and value added services to support wireless connections for the Internet of Things .6.51 is the P/E ratio. This segment also provides IoT services that support devices used in fleet management and telematics, energy, agricultural technology, and smart community markets; and wireless devices, such as smartphones and basic phones, tablets, and other Internet access devices.

VZ is reaching $47.945 during the last trading session, after increased 0.32%.Currently Verizon Communications Inc. is downtrending after 3.72% change in last May 16, 2017. VZ has 4.65 million shares volume. The stock underperformed the S&P 500 by 15.27%.

Verizon Communications Inc. (NYSE:VZ) is anticipated to publish earnings on July, 26., Faxor reports. Analysts have expectation on stock’s earnings per share of $1.14. That’s up 18.75 % from last year’s $0.96 earnings per share. If $1.14 is reported, VZ’s profit will be $4.71B for 10.51 P/E. -2.56 % negative EPS growth is what Wall Street’s forecasts after $1.17 reported EPS previous quarter.

560,470 are held by Seizert Ptnrs Llc. Lodestar Inv Counsel Ltd Co Il has invested 0.16% in Verizon Communications Inc. (NYSE:VZ). Condor Management stated it has 6,303 shs. Norris Perne French Ltd Liability Partnership Mi accumulated 11,451 shs. Arcadia Investment Mngmt Mi accumulated 3,400 shs. 86,097 are held by Motco. First Eagle Mngmt Ltd Com has 0.03% invested in Verizon Communications Inc. (NYSE:VZ) for 232,813 shs. Signaturefd Limited Liability Company owns 22,704 shs for 0.14% of their capital. Penbrook Management stated it has 29,537 shs or 1.41% of all its holdings. Wealthtrust Axiom Limited Liability Co reported 77,509 shs. Point72 Asia (Hong Kong) Limited holds 25 shs. Moreover, Cohen Klingenstein Limited Liability Co has 0.17% invested in Verizon Communications Inc. (NYSE:VZ) for 22,871 shs. Family Mngmt holds 94,257 shs or 3.48% of its capital. American Research & has 0.2% invested in Verizon Communications Inc. (NYSE:VZ) for 11,983 shs. The Ontario – Canada-based Beutel Goodman And Ltd has invested 1.82% in Verizon Communications Inc. (NYSE:VZ).

Verizon Communications Inc. had 2 sales and 0 insider purchases since February 13, 2018. This’s net activity of $444,552.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

In total 19 analysts cover Verizon Communications (NYSE:VZ). “Buy” rating has 13, “Sell” are 0, while 6 are “Hold”. 68% are bullish. 27 are the (NYSE:VZ)’s analyst reports since November 20, 2017 according to StockzIntelligence Inc. On Wednesday, January 24 the rating was maintained by JP Morgan with “Neutral”. The company rating was upgraded by SunTrust on Wednesday, April 25. In Wednesday, January 24 report Robert W. Baird maintained it with “Hold” rating and $52.0 target. On Monday, January 22 Scotia Capital upgraded the shares of VZ in report to “Buy” rating. On Tuesday, January 23 the stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by SunTrust. On Tuesday, April 24 the firm earned “Hold” rating by Cowen & Co. On Wednesday, February 28 the rating was upgraded by Moffett Nathanson to “Buy”. The company rating was maintained by Nomura on Wednesday, January 24. On Tuesday, January 16 the company was downgraded by Moffett Nathanson. On Wednesday, December 6 SunTrust maintained Verizon Communications Inc. (NYSE:VZ) rating. SunTrust has “Hold” rating and $52.0 target.

For more Verizon Communications Inc. (NYSE:VZ) news posted briefly go to: 247Wallst.com, Globenewswire.com, Fool.com, Benzinga.com or Businesswire.com. The titles are as follows: “Why Verizon’s Earnings May Be Under a Cloud” posted on April 23, 2018, “Verizon to speak at JP Morgan conference May 16” on May 15, 2018, “Verizon Aims to Be Much More Than a Phone Company” with a publish date: May 10, 2018, “JPMorgan: Verizon On ‘Stable Footing’ As 5G Opportunity Crystallizes” and the last “Verizon Selects AWS as its Preferred Public Cloud Provider” with publication date: May 15, 2018.

Verizon Communications Inc. (NYSE:VZ) Institutional Investors Chart

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