Published: Fri, August 11, 2017
Money | By Armando Alvarado

Hollencrest Securities Has Decreased Verizon Communicatn (VZ) Stake, BB&T Has 1.17 Sentiment

Hollencrest Securities Has Decreased Verizon Communicatn (VZ) Stake, BB&T Has 1.17 Sentiment

Brown Advisory Securities Llc sold 11,858 shares as Verizon Communications Inc (VZ)'s stock declined 7.66%. Moreover, Essex Investment Mngmt Co Llc has 0.35% invested in Verizon Communications Inc. Oakmont Partners LLC now owns 6,391 shares of the cell phone carrier's stock valued at $285,000 after buying an additional 22 shares during the last quarter. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy Verizon Communications Inc. Finally, Feltz Wealth PLAN Inc. acquired a new position in Verizon Communications during the first quarter valued at $184,000. The institutional investor held 12.14 million shares of the telecommunications equipment company at the end of 2016Q4, valued at $648.25M, up from 9.38M at the end of the previous reported quarter. (NYSE:VZ) news were published by: Valuewalk.com which released: "Comcast Corporation 2Q 17, Verizon Communications Inc". (NYSE:VZ) traded down 0.617% during midday trading on Friday, reaching $47.515. About 11.19M shares traded. Fil Ltd who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $195.03B market cap company. With the last stock price close down 0.66% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. One line of Verizon unlimited is $80 a month. Verizon Communications also was the recipient of unusually large options trading on Wednesday. Six brokerages rating the company a strong buy, six brokerages rating the company a buy, twenty-two brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $51.93. This is an increase of 147% compared to the average daily volume of 9,724 call options.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Thursday, July 27th. The cell phone carrier reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96. Verizon Communications had a net margin of 12.88% and a return on equity of 63.06%.

The New York company had lost such customers, the most lucrative, in the first three months of the year, an unusual blip for the largest US wireless carrier.

Among 24 analysts covering Verizon Communications Inc.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Macnealy Hoover Invest Management accumulated 0.76% or 18,416 shares. This represents a $2.31 dividend on an annualized basis and a dividend yield of 4.82%. The stock of Brunswick Corporation (NYSE:BC) has "Buy" rating given on Thursday, July 13 by BMO Capital Markets. Wealth Architects Ltd Liability Com owns 0.25% invested in Verizon Communications Inc.

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ILLEGAL ACTIVITY NOTICE: This story was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this report on another site, it was stolen and republished in violation of United States & worldwide copyright & trademark law. The original version of this piece of content can be read at https://www.themarketsdaily.com/2017/07/30/acadian-asset-management-llc-has-8-78-million-position-in-verizon-communications-inc-nysevz-updated-updated.html. It improved, as 60 investors sold VZ shares while 658 reduced holdings. Oppenheimer maintained the shares of VZ in report on Thursday, July 27 with "Hold" rating. Royal Bank Of Canada restated a "hold" rating and issued a $48.00 price objective on shares of Verizon Communications in a research report on Sunday, July 9th.

The share price of Verizon Communications Inc. Verizon Communications presently has a consensus rating of "Hold" and an average price target of $52.96. The company has a consensus rating of "Hold" and a consensus price target of $52.96.

In related news, EVP Marni M. Walden sold 16,362 shares of the business's stock in a transaction that occurred on Monday, May 1st. They now have a Dollars 46 price target on the stock. Following the transaction, the executive vice president now directly owns 8,429 shares in the company, valued at approximately $379,305. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Craig L. Silliman sold 610 shares of the company's stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $45.34, for a total value of $27,657.40. The disclosure for this sale can be found here.

"As expected, the introduction of the unlimited pricing plan increased the LTE network usage as our customers enjoy the experience of consuming more data throughout the day on the industry-leading wireless network", Matt Ellis, Verizon's executive vice president and CFO said during the company's earnings call on Thursday. The Company provides these products and services to consumers in the United States, as well as to carriers, businesses and government customers both in the United States and around the world.

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