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Quarterly Financial Watch for Verizon Communications Inc. (NYSE:VZ)

24 October 2017

The company has market cap of $845.72 million. The fund owned 270,901 shares of the cell phone carrier's stock after purchasing an additional 27,805 shares during the period. The most recent shifts in number of shares owned by institutions came on June 30, 2017 when Geode Capital Management, Llc sold 28 shares from its total ownership of 2661. It has underperformed by 23.95% the S&P500.

Pineno Levin & Ford Asset Management Inc. increased its stake in shares of Verizon Communications by 1.5% in the third quarter. The Maryland-based Investment Counselors Of Maryland Llc has invested 0.85% in the stock. The cell phone carrier reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.02. Godsey & Gibb Associates who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $199.85 billion market cap company. VIAB has lost -2.55% in the 1-month period. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since October 24, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

But it's not just selling activity that is creating investor interest in VZ; over the last several weeks, several insiders have bought shares. WALDEN MARNI M sold $753,961 worth of stock. Trading volume for Verizon Communications Inc. was 15.65 Million in its previous trading session. Therefore 23% are positive. On average, equities analysts predict that Verizon Communications Inc. will post $3.89 EPS for the current fiscal year. Moreover, Opus Mgmt has 0.8% invested in Verizon Communications Inc. Zacks downgraded the stock to "Hold" rating in Monday, September 7 report. The firm has "Hold" rating by Robert W. Baird given on Wednesday, October 4. Finally, Asset Advisors Corp increased its holdings in Verizon Communications by 2.5% in the 2nd quarter. Institutional shareholders now hold a 63.13% stake overall in VZ. The rating was upgraded by MoffettNathanson to "Neutral" on Tuesday, August 11. The firm has "Neutral" rating by Macquarie Research given on Tuesday, April 5. The company presently has a consensus rating of "Hold" and a consensus price target of $52.75. As per Wednesday, October 21, the company rating was maintained by Citigroup.

Investors sentiment decreased to 0.88 in 2017 Q2. The analysts estimated mean EPS at 0.97 while the high and low EPS estimate stand at 1.07 and 0.88 respectively. 112 funds opened positions while 587 raised stakes. James Research stated it has 14,145 shares or 0.02% of all its holdings. Covington Inv has 0.99% invested in Verizon Communications Inc. (NYSE:VZ) for 105,000 shares. This continues to be an interesting story, and we look forward to updating it again soon on Verizon Communications Inc.

Verizon Communications Inc. (VZ) has an Analysts' Mean Recommendation of 2.7. Univest Of Pennsylvania invested in 1.06% or 56,368 shares. The rating was maintained by Cowen & Co on Tuesday, July 18 with "Hold". About 58,062 shares traded. 137,973 are owned by Blue Chip Prtn. During the same period previous year, the company earned $1.01 earnings per share. D L Carlson Invest Grp Inc Incorporated holds 0.76% of its portfolio in Verizon Communications Inc. Verizon Communications Inc. has $55 highest and $44 lowest target. Lee Danner And Bass stated it has 0.41% in Verizon Communications Inc. FBR Capital downgraded Verizon Communications Inc. "(VZ) Ex-Dividend Date Scheduled for October 06, 2017" published on October 05, 2017, Bloomberg.com published: "Verizon Is Eyeing Spring for the Start of Delayed Online TV Service" on October 18, 2017. It increased, as 19 investors sold VR shares while 72 reduced holdings. Pura Vida Investments Llc owns 398,206 shares or 2.61% of their USA portfolio. Illinois-based First Trust Ltd Partnership has invested 0.09% in Validus Holdings, Ltd. (NYSE:VR). The percentage of shares being held by the company management was 0.1% while institutional stake was 93.1%.

Fenimore Asset Management Inc increased Sonic Corp. Da Davidson holds 0% or 100 shares in its portfolio. Dubuque Savings Bank And, Iowa-based fund reported 9,104 shares. (NYSE:VZ). Atlas Browninc reported 10,023 shares. Signature Fincl Mngmt reported 13,202 shares stake. About 2.11M shares traded. Stockman Asset Management now owns 32,902 shares of the cell phone carrier's stock worth $1,710,000 after buying an additional 12,215 shares during the last quarter. It also reduced Kinder Morgan (NYSE:KMI) stake by 16,907 shares and now owns 110,576 shares. Validus Holdings had 12 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has "Hold" rating by Keefe Bruyette & Woods on Friday, June 2. The rating was maintained by FinnCap with "Corporate" on Wednesday, September 30. The stock has "Sector Perform" rating by RBC Capital Markets on Monday, July 31.

Growth rates are very important while analyzing the long term growth and valuation of a certain company.

Since May 8, 2017, it had 0 insider buys, and 8 sales for $3.87 million activity. 4,151 shares valued at $219,712 were sold by Driscoll Kean on Monday, May 15. The shares were sold at an average price of $47.74, for a total transaction of $29,121.40.

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