California Public Employees Retirement System Maintains Stake in Verizon Communications INC (VZ)

April 19, 2018 - By Nellie Frank

Verizon Communications Inc. (NYSE:VZ) LogoInvestors sentiment increased to 1.02 in Q4 2017. Its up 0.14, from 0.88 in 2017Q3. It improved, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Autus Asset Mngmt Ltd Liability Company reported 136,387 shares. Headinvest Ltd Liability invested in 0.25% or 15,371 shares. Vaughan Nelson Investment Management Limited Partnership holds 0.02% or 25,750 shares in its portfolio. 380,445 were accumulated by Thompson Siegel And Walmsley Limited Liability Com. Fincl Bank Of Hawaii has 155,964 shares for 0.68% of their portfolio. Cap Investment Limited Com reported 234,797 shares. Punch And Assoc Invest Mgmt accumulated 101,966 shares. Buckingham Capital reported 30,425 shares. Umb Retail Bank N A Mo has 0.75% invested in Verizon Communications Inc. (NYSE:VZ) for 435,007 shares. Moreover, Bridgeway Capital Management has 0.15% invested in Verizon Communications Inc. (NYSE:VZ) for 270,219 shares. Cambridge Advisors has 9,259 shares for 0.18% of their portfolio. 1.79M are held by Aperio Ltd Llc. Woodstock Corporation holds 1.44% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 147,650 shares. Keating Inv Counselors reported 144,759 shares. Mirae Asset Invests Co Limited invested 0.19% of its portfolio in Verizon Communications Inc. (NYSE:VZ).

Since October 27, 2017, it had 0 insider buys, and 2 sales for $376,615 activity. 6,967 Verizon Communications Inc. (NYSE:VZ) shares with value of $346,957 were sold by Skiadas Anthony T.

California Public Employees Retirement System increased its stake in Verizon Communications Inc (VZ) by 2.72% based on its latest 2017Q4 regulatory filing with the SEC. California Public Employees Retirement System bought 299,557 shares as the company’s stock declined 11.05% with the market. The institutional investor held 11.32 million shares of the telecommunications equipment company at the end of 2017Q4, valued at $599.04 million, up from 11.02M at the end of the previous reported quarter. California Public Employees Retirement System who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $200.41B market cap company. The stock decreased 0.14% or $0.07 during the last trading session, reaching $48.55. About 3.14M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since April 19, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

California Public Employees Retirement System, which manages about $73.97 billion US Long portfolio, decreased its stake in Synchrony Finl (NYSE:SYF) by 101,971 shares to 2.37 million shares, valued at $91.61M in 2017Q4, according to the filing. It also reduced its holding in Marriott International (NASDAQ:MAR) by 105,076 shares in the quarter, leaving it with 718,301 shares, and cut its stake in Intel Corp (NASDAQ:INTC).

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 16 analysts covering Verizon (NYSE:VZ), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Verizon had 23 analyst reports since October 20, 2017 according to SRatingsIntel. The firm has “Outperform” rating by Wells Fargo given on Monday, November 20. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Wednesday, January 24 by RBC Capital Markets. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Tuesday, January 16 by Moffett Nathanson. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by SunTrust on Wednesday, December 6. The stock has “Sector Outperform” rating by Howard Weil on Monday, January 22. HSBC downgraded the stock to “Hold” rating in Thursday, December 14 report. Moffett Nathanson upgraded Verizon Communications Inc. (NYSE:VZ) on Wednesday, February 28 to “Buy” rating. SunTrust maintained it with “Hold” rating and $58.0 target in Tuesday, January 23 report. HSBC upgraded Verizon Communications Inc. (NYSE:VZ) on Wednesday, March 28 to “Buy” rating. Bank of America maintained it with “Buy” rating and $58 target in Wednesday, January 24 report.

Verizon Communications Inc. (NYSE:VZ) Institutional Positions Chart

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