Verizon Communications Inc (NYSE:VZ) Move as Big Money’ Sentiment Up to 1.02

May 16, 2018 - By Jane Lemasters

Verizon Communications Inc. (NYSE:VZ) Corporate Logo

“Big money” Positions

“Big money sentiment for Verizon Communications Inc (NYSE:VZ) in Q4 2017 increased to 1.02, according to SEC filings. So its up 0.14, from 2017Q3’s 0.88. 733 institutional investors opened new or increased stock positions, while 719 sold and decreased holdings in Verizon Communications Inc so the sentiment has improved. These funds own 2.54 billion shares, that’s up from 2.53 billion shares in 2017Q3. Funds holding Verizon Communications Inc in top 10 changed to 85 from 75 for an increase of 10. 57 Investors Sold All; 662 Reduced Holdings; 592 increased holdings while 141 institutional investors bought holdings.

Significant Verizon Communications Inc Shareholders

American Investment Services Inc. owns 471,003 shares in Verizon Communications Inc as of Q4 2017. As of Q4 2017, 614,452 shares of Verizon Communications Inc are owned by 10. Cincinnati Indemnity Co reported 34,300 shares. Excalibur Management Corp revealed 141,412 shares position in Verizon Communications Inc. The New York-based fund Clark Estates Inc Ny holds 689,282 shares or 6.03% of their portfolio.

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 .The P/E ratio is 6.51. 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 reached $47.945 during the last trading session after $0.155 change.Verizon Communications Inc. has volume of 4.65M shares. Since May 16, 2017 VZ has declined 3.72% and is downtrending. VZ underperformed by 15.27% the S&P500.

On July, 26 WallStreet expected Verizon Communications Inc. (NYSE:VZ)’s earnings release, Faxor reports. Analysts forecast 18.75 % diference or $1.14 from the $0.96 EPS from 2017. VZ’s profit could hit $4.71 billion if the current EPS of $1.14 is accurate. Wall Street sees -2.56 % negative EPS growth as of July, 26.

Shelton Mgmt has invested 0.4% in Verizon Communications Inc. (NYSE:VZ). 6.32 million are held by Barclays Public Limited Com. Illinois-based Great Lakes Advisors Ltd has invested 0.05% in Verizon Communications Inc. (NYSE:VZ). Hm Payson And reported 74,495 shs stake. Tower Bridge Advisors has invested 1.36% in Verizon Communications Inc. (NYSE:VZ). New York-based Grisanti Capital Mngmt Ltd Liability Co has invested 0.98% in Verizon Communications Inc. (NYSE:VZ). 73,308 are held by Raab And Moskowitz Asset Mgmt Ltd. Mitchell Mcleod Pugh & Williams holds 0.61% or 16,706 shs. Moreover, Vnbtrust National Association has 0.35% invested in Verizon Communications Inc. (NYSE:VZ) for 11,292 shs. Paloma Prtnrs Mngmt invested in 0.01% or 10,249 shs. Plancorp Limited Liability Company invested in 24,370 shs. Mawer Investment Mgmt Ltd stated it has 1.45% of its capital in Verizon Communications Inc. (NYSE:VZ). Invest Advisors Limited Liability Com has 0.81% invested in Verizon Communications Inc. (NYSE:VZ). Assetmark has invested 0.27% of its capital in Verizon Communications Inc. (NYSE:VZ). Quentec Asset Ltd Liability Corporation reported 0.63% in Verizon Communications Inc. (NYSE:VZ).

Verizon Communications Inc. registered $444,552 net activity with 0 buys and 2 insider sales since February 13, 2018.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

A total of 19 analysts rate Verizon Communications (NYSE:VZ) as follows: 13 “Buy”, 6 “Hold” and 0 “Sell”. Тherefore 68% are bullish. (NYSE:VZ) has 27 ratings reports on 16 May 2018 according to StockzIntelligence. On Monday, January 22 the rating was upgraded by Scotia Capital to “Buy”. On Wednesday, April 25 the firm has “Buy” rating by UBS given. On Tuesday, April 24 the rating was maintained by Cowen & Co with “Hold”. On Friday, May 11 the firm has “Overweight” rating given by JP Morgan. On Wednesday, January 24 Bank of America maintained the shares of VZ in report with “Buy” rating. On Monday, November 20 the firm earned “Outperform” rating by Wells Fargo. On Wednesday, January 24 the rating was maintained by Robert W. Baird with “Hold”. On Wednesday, January 24 the firm earned “Hold” rating by Jefferies. On Wednesday, March 28 HSBC upgraded Verizon Communications Inc. (NYSE:VZ) rating. HSBC has “Buy” rating and $5500 target. On Wednesday, April 25 the firm has “Hold” rating given by Jefferies.

For more Verizon Communications Inc. (NYSE:VZ) news released recently go to: Benzinga.com, 247Wallst.com, Globenewswire.com, Globenewswire.com or Globenewswire.com. The titles are as follows: “JPMorgan: Verizon On ‘Stable Footing’ As 5G Opportunity Crystallizes” released on May 11, 2018, “Why Verizon’s Earnings May Be Under a Cloud” on April 23, 2018, “NOTICE TO DISREGARD — Verizon Communications” with a publish date: May 12, 2018, “Verizon collapses key network elements, improving efficiency and customer functionality” and the last “Verizon Communications to report earnings April 24” with publication date: April 23, 2018.

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

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