The Verizon Communications Inc. (VZ) Stake Boosted by Rockland Trust Co

Lloyd Doyle
December 15, 2017

Impala Asset Management Llc who had been investing in Belmond Ltd for a number of months, seems to be bullish on the $1.25B market cap company. The stock decreased 0.67% or $0.34 during the last trading session, reaching $50.05. About 17.20M shares traded or 10.30% up from the average. (NYSE:BBY) has risen 62.80% since December 14, 2016 and is uptrending. It has underperformed by 24.32% the S&P500. Argyle Capital Management Inc. increased its stake in Verizon Communications by 1.1% during the 1st quarter. Strategic Advisors Llc sold 9,407 shares as the company's stock declined 7.66% while stock markets rallied. The hedge fund run by Brian Taylor held 460,122 shares of the telecommunications equipment company at the end of 2017Q2, valued at $20.55 million, down from 889,926 at the end of the previous reported quarter. While for the Next 5 years, the company could expect a growth of 1.27% per annum, whereas in the past Five years Verizon Communications Inc. Wedgewood Investors Inc. PA now owns 28,502 shares of the cell phone carrier's stock valued at $1,389,000 after purchasing an additional 200 shares in the last quarter. While, the analyst predicted that the company could provide an EPS of $0.98/share.

Verizon Communications (NYSE:VZ) last posted its earnings results on Thursday, April 20th. It has underperformed by 25.18% the S&P500.

Since August 28, 2017, it had 0 insider purchases, and 3 sales for $89,365 activity. Massachusetts-based Modera Wealth Mngmt Limited Liability Corp has invested 0.23% in Verizon Communications Inc. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. VZ's profit will be $3.59 billion for 14.89 P/E if the $0.88 EPS becomes a reality. Palo Capital Inc. boosted its stake in shares of Verizon Communications by 2.5% during the first quarter.

Analysts await Verizon Communications Inc. Destination Wealth Management who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $213.97 billion market cap company. Therefore 31% are positive. More interesting news about Verizon Communications Inc. The firm earned "Neutral" rating on Tuesday, November 1 by BTIG Research.

In other news, EVP Craig L. Silliman sold 610 shares of Verizon Communications stock in a transaction on Wednesday, September 27th. (NYSE:VZ) to report earnings on January, 23. On Wednesday, October 21 the stock rating was maintained by FBR Capital with "Outperform". The rating was maintained by KeyBanc Capital Markets with "Hold" on Wednesday, October 11. The company was downgraded on Monday, January 23 by Wells Fargo.


Among 31 analysts covering International Business Machines (NYSE:IBM), 10 have Buy rating, 5 Sell and 16 Hold. (NYSE:VZ) has "Buy" rating given on Wednesday, October 21 by Argus Research. The rating was upgraded by Nomura to "Buy" on Tuesday, December 12. (NYSE:VZ) has "Hold" rating given on Thursday, July 27 by Oppenheimer. Scotia Capital has "Sector Outperform" rating and $51 target.

Investors sentiment is 0.88 in Q2 2017. Its down 0.22, from 0.94 in 2017Q1. It is flat, as 90 investors sold VZ shares while 700 reduced holdings. only 112 funds opened positions while 587 raised stakes.

Bangor Savings Bank raised its position in Verizon Communications Inc. Nj State Employees Deferred Compensation Plan has 0.55% invested in Verizon Communications Inc. (NYSE:VZ). Citigroup has 1.61 million shares for 0.07% of their portfolio. Kames Capital Public Ltd Co accumulated 22,368 shares. 128,549 are owned by Vestor Capital Lc. Harvey Mngmt holds 0.23% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 7,437 shares. 956,816 were reported by Sg Americas Secs Ltd Liability Corporation. Hennessy Advisors Inc. increased its stake in Verizon Communications by 25.2% during the 1st quarter. (NYSE:VZ) were released by: Fool.com and their article: "Better Buy: Verizon Communications Inc. vs. Sprint" published on November 30, 2017 as well as Prnewswire.com's news article titled: "Verizon completes purchase of fiber network infrastructure in Chicago market" with publication date: December 14, 2017. Legal & General Group Plc grew its holdings in Verizon Communications by 2.7% in the third quarter. (NYSE:VZ) or 990,920 shares. Strategic Financial Inc accumulated 78,616 shares. Arete Wealth reported 11,583 shares.

Verizon Communications Inc is a holding company. (NYSE:VZ) or 6,592 shares. The Gemmer Asset Management Llc holds 18,831 shares with $841,000 value, up from 10,588 last quarter. On Tuesday, July 18 the stock rating was maintained by Cowen & Co with "Hold". The stock of Verizon Communications Inc. Instinet restated a "neutral" rating and issued a $46.00 price objective (down previously from $47.00) on shares of Verizon Communications in a research note on Sunday, April 23rd. The company has an average rating of "Hold" and a consensus target price of $52.43. Finally, ValuEngine raised shares of Verizon Communications from a "hold" rating to a "buy" rating in a report on Friday, December 1st. The company was upgraded on Thursday, February 18 by Morgan Stanley. The company was maintained on Wednesday, October 4 by Robert W. Baird. The firm earned "Buy" rating on Wednesday, June 21 by Drexel Hamilton. The firm earned "Buy" rating on Thursday, July 30 by Canaccord Genuity. UBS maintained the shares of BBY in report on Wednesday, August 24 with "Neutral" rating. Following the completion of the transaction, the executive vice president now directly owns 6,599 shares in the company, valued at $324,868.77. It also reduced its holding in Altria Group Inc (NYSE:MO) by 10,562 shares in the quarter, leaving it with 55,851 shares, and cut its stake in Union Pacific Corp (NYSE:UNP).

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