Verizon Communications INC (VZ) Stake Has Raised by Raymond James & Associates

September 20, 2017 - By Linda Rogers

Investors sentiment increased to 1.11 in Q4 2016. Its up 0.01, from 1.1 in 2016Q3. It is positive, as 60 investors sold VZ shares while 658 reduced holdings. 115 funds opened positions while 683 raised stakes. 2.53 billion shares or 1.29% more from 2.50 billion shares in 2016Q3 were reported. Dillon reported 4,414 shares stake. Ruffer Llp invested in 0.18% or 56,780 shares. 9,846 are owned by Summit Asset Management Limited Liability Corp. Allstate has invested 0.36% in Verizon Communications Inc. (NYSE:VZ). Connecticut-based Arga Inv Management LP has invested 0.2% in Verizon Communications Inc. (NYSE:VZ). Bancorpsouth Inc invested 0.35% of its portfolio in Verizon Communications Inc. (NYSE:VZ). The Belgium-based Kbc Grp Inc Nv has invested 0.27% in Verizon Communications Inc. (NYSE:VZ). Rosenbaum Jay D has 2.36% invested in Verizon Communications Inc. (NYSE:VZ). Anchor Advisors Lc holds 539,073 shares or 1.09% of its portfolio. Cambridge Invest Rech Inc holds 534,478 shares or 0.53% of its portfolio. Old Point Tru & Financial N A accumulated 91,959 shares. Moreover, Tcw Group has 0.14% invested in Verizon Communications Inc. (NYSE:VZ) for 349,328 shares. Advisors Inc Ok owns 0.82% invested in Verizon Communications Inc. (NYSE:VZ) for 221,054 shares. Commonwealth Financial Ltd holds 0.36% or 6,937 shares in its portfolio. Cambridge Trust has 148,731 shares for 0.56% of their portfolio.

Since March 27, 2017, it had 0 buys, and 3 insider sales for $811,911 activity. $753,961 worth of Verizon Communications Inc. (NYSE:VZ) was sold by WALDEN MARNI M.

Raymond James & Associates increased its stake in Verizon Communications Inc (VZ) by 4114.02% based on its latest 2016Q4 regulatory filing with the SEC. Raymond James & Associates bought 8.15 million shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 8.35 million shares of the telecommunications equipment company at the end of 2016Q4, valued at $445.84 million, up from 198,200 at the end of the previous reported quarter. Raymond James & Associates who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $201.28 billion market cap company. The stock declined 0.39% or $0.19 reaching $49.15 on the news. About 986 shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since September 20, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Raymond James & Associates, which manages about $75.99 billion and $39.17 billion US Long portfolio, decreased its stake in Lincoln Natl Corp Ind (NYSE:LNC) by 68,304 shares to 139,790 shares, valued at $9.26 million in 2016Q4, according to the filing. It also reduced its holding in Smucker J M Co (NYSE:SJM) by 24,000 shares in the quarter, leaving it with 153,190 shares, and cut its stake in Steel Dynamics Inc (NASDAQ:STLD).

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Prnewswire.com which released: “Rima Qureshi named chief strategy officer for Verizon” on September 18, 2017, also Nasdaq.com with their article: “Verizon Communications (VZ) Restructures Unlimited Data Plans” published on August 23, 2017, Bloomberg.com published: “Verizon CEO Sees Decision on Online TV Service in 6 Months” on September 13, 2017. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Nasdaq.com and their article: “Verizon Communications Plans Cost Cuts to Fund Dividends” published on September 15, 2017 as well as Seekingalpha.com‘s news article titled: “Verizon’s (VZ) Management Presents at Bank of America Merrill Lynch Media …” with publication date: September 08, 2017.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 24 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 18 Hold. Therefore 25% are positive. Verizon Communications Inc. had 49 analyst reports since July 22, 2015 according to SRatingsIntel. As per Friday, April 1, the company rating was downgraded by Moffet Nathanson. FBR Capital downgraded the stock to “Mkt Perform” rating in Wednesday, January 25 report. The firm has “Buy” rating by Citigroup given on Tuesday, January 3. The stock has “Neutral” rating by Hilliard Lyons on Wednesday, July 27. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Wednesday, January 25. As per Tuesday, August 11, the company rating was upgraded by MoffettNathanson. The stock of Verizon Communications Inc. (NYSE:VZ) has “Equal Weight” rating given on Thursday, April 13 by Barclays Capital. The stock of Verizon Communications Inc. (NYSE:VZ) has “Sector Outperform” rating given on Wednesday, October 21 by Scotia Capital. As per Friday, August 14, the company rating was upgraded by Zacks. The company was maintained on Wednesday, October 21 by FBR Capital.

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