Hexavest INC Lifted Its Verizon Communicatio (VZ) Stake

January 12, 2018 - By Linda Rogers

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Intrust Retail Bank Na holds 47,388 shares. Bradley Foster And Sargent Ct stated it has 0.26% in Verizon Communications Inc. (NYSE:VZ). Parkside Bank & Trust & Trust reported 9,534 shares. 52,274 were reported by Hamel Associate. State Of New Jersey Common Pension Fund D has invested 0.73% in Verizon Communications Inc. (NYSE:VZ). Twin Mgmt Inc stated it has 0.75% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Montecito Commercial Bank Trust reported 29,163 shares or 0.5% of all its holdings. Appleton Ptnrs Ma holds 0.95% or 113,897 shares in its portfolio. North Star Asset, a Wisconsin-based fund reported 263,033 shares. Moreover, Ameriprise has 0.41% invested in Verizon Communications Inc. (NYSE:VZ). Prns Limited Oh Adv holds 1.14% or 26,879 shares in its portfolio. Capital Invest Counsel Inc reported 39,431 shares. Reik And Ltd holds 0.13% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 7,688 shares. Lloyds Banking Public Ltd Co stated it has 154 shares. Midas owns 45,000 shares.

Since August 28, 2017, it had 0 buys, and 3 insider sales for $89,365 activity.

Hexavest Inc increased its stake in Verizon Communicatio (VZ) by 39.31% based on its latest 2017Q3 regulatory filing with the SEC. Hexavest Inc bought 1.64M shares as the company’s stock declined 7.66% while stock markets rallied. The hedge fund held 5.80 million shares of the telecommunications equipment company at the end of 2017Q3, valued at $286.92M, up from 4.16 million at the end of the previous reported quarter. Hexavest Inc who had been investing in Verizon Communicatio for a number of months, seems to be bullish on the $212.42 billion market cap company. The stock decreased 0.08% or $0.04 during the last trading session, reaching $52.07. About 709,001 shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 12, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Hexavest Inc, which manages about $16.29B and $8.16B US Long portfolio, decreased its stake in Enbridge Income Fd Prop by 195,989 shares to 474,044 shares, valued at $12.18 million in 2017Q3, according to the filing. It also reduced its holding in Pepsico Inc (NYSE:PEP) by 471,691 shares in the quarter, leaving it with 4,985 shares, and cut its stake in Mdc Holdings (NYSE:MDC).

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Globenewswire.com which released: “Verizon acquires Niddel to add security detection and response capabilities …” on January 05, 2018, also Fool.com with their article: “Better Stock: Verizon Communications Inc. vs. AT&T Inc.” published on December 20, 2017, Investorplace.com published: “3 Reasons Verizon Communications Inc. Could Be a Winner in 2018” on January 02, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Fool.com and their article: “Better Buy: Verizon Communications Inc. vs. Frontier Communications” published on January 02, 2018 as well as Nasdaq.com‘s news article titled: “Verizon Communications Inc. (VZ) Ex-Dividend Date Scheduled for January 09, 2018” with publication date: January 08, 2018.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 19 Hold. Therefore 27% are positive. Verizon Communications Inc. had 63 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Outperform” rating and $50 target in Monday, January 25 report. The firm has “Sector Outperform” rating by Scotia Capital given on Wednesday, October 21. The stock has “Hold” rating by RBC Capital Markets on Friday, July 7. On Wednesday, October 21 the stock rating was maintained by FBR Capital with “Outperform”. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Tuesday, August 11 by Vetr. The rating was downgraded by FBR Capital on Wednesday, January 25 to “Mkt Perform”. As per Friday, August 14, the company rating was upgraded by Zacks. As per Monday, October 24, the company rating was upgraded by Drexel Hamilton. Oppenheimer maintained Verizon Communications Inc. (NYSE:VZ) on Thursday, July 27 with “Hold” rating. The rating was maintained by Oppenheimer on Thursday, August 10 with “Hold”.

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