Verizon Communications Inc. 5.9 (NYSE:VZA) Experiences Lighter than Usual Trading Volume

Lloyd Doyle
October 18, 2017

LB's SI was 18.50M shares in October as released by FINRA. With 5.95M avg volume, 3 days are for L Brands Incorporated (NYSE:LB)'s short sellers to cover LB's short positions. About 3.07 million shares traded. It has underperformed by 8.55% the S&P500. Schwab Charles Investment Management Inc. increased its holdings in shares of Verizon Communications by 6.9% in the first quarter.

Verizon Communications Inc., launched on October 7, 1983, is a holding company. Insider ownership during the latest quarter decreased by a net of 1830 shares, indicating that VZ's key executives are feeling more bearish about the stock than they did three months ago. Horrell Capital Management Inc. raised its position in Verizon Communications by 2.5% in the 2nd quarter. The stock increased 0.48% or $0.23 during the last trading session, reaching $48.09. About 1,597 shares traded. KeyCorp reissued a "hold" rating on shares of Verizon Communications in a report on Wednesday, October 11th. It has underperformed by 25.18% the S&P500.

Several other large investors also recently bought and sold shares of the company. Therefore 36% are positive.

A number of research analysts have recently weighed in on the company. The firm has "Hold" rating given on Thursday, July 27 by Oppenheimer. The rating was maintained by RBC Capital Markets on Monday, July 31 with "Sector Perform". As per Thursday, February 25, the company rating was maintained by FBR Capital. The ex-dividend date will be Friday October 6th, 2017. RBC Capital Markets has "Hold" rating and $99 target. The rating was maintained by Robert W. Baird with "Buy" on Thursday, June 8. The company was upgraded on Friday, August 14 by Zacks. The firm has "Outperform" rating given on Wednesday, November 4 by Telsey Advisory Group. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Analysts believe that we could see stock price minimum in the $70 range (lowest target price), allowing for another -25.86% drop from its current position.


Investors sentiment decreased to 1.04 in 2017 Q2. Its down 0.12, from 1 in 2017Q1. It also reduced its holding in Netgear Inc Com (NASDAQ:NTGR) by 20,022 shares in the quarter, leaving it with 795,499 shares, and cut its stake in 3M Co Com (NYSE:MMM). 112 funds opened positions while 587 raised stakes. The New York-based Towerview Llc has invested 0.87% in the stock. State Of New Jersey Common Pension Fund D invested 0.75% in Verizon Communications Inc. Wfg Advsr L P reported 0% stake. $682 worth of U.S. Global Investors, Inc. Goldman Sachs Gp owns 151,102 shares for 0% of their portfolio. (NYSE:VZ). Taurus Asset Mgmt Limited Com has invested 0.13% in Verizon Communications Inc. Ronna Sue Cohen holds 4,832 shares or 0.16% of its portfolio. Analysts forecast earnings per share of $0.98, down exactly $0.03 or 2.97 % from 2014's $1.01 EPS. Cmt Asset Management Ltd accumulated 0.04% or 15,000 shares. Flossbach Von Storch Ag invested in 1.13M shares. Riggs Asset Managment Inc owns 6,997 shares. Prudential Pcl invested 0.07% in L Brands Inc (NYSE:LB). Rodgers Brothers Inc., a Pennsylvania-based fund reported 52,150 shares. Argent Trust reported 0.8% of its portfolio in Verizon Communications Inc.

L Brands, Inc. operates specialty retail business. The company has market cap of $196.59 billion. The Firm is focused on women's intimate and other apparel, personal care, beauty and home fragrance categories. The Company's Wireline segment offers high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as Voice over Internet protocol services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services that include collocation and managed hosting services; cloud services, which comprise computing, storage, backup, and recovery.

Shares of Verizon Communications Inc. (NYSE:VZ)'s stock was -9.33%. Therefore 23% are positive.

Over the past year, the price of Verizon Communications Inc. Over the last week of the month, it was -1.51%, 11.39% over the last quarter, and -1.10% for the past six months. (NYSE:VZ) earned "Neutral" rating by Citigroup on Monday, March 14. Barclays Capital maintained it with "Equal-Weight" rating and $52 target in Monday, April 18 report.

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