Cullen Frost Bankers INC Has Increased Its Verizon Communications Com (VZ) Position

May 22, 2018 - By Linda Rogers

Verizon Communications Inc. (NYSE:VZ) LogoInvestors sentiment increased to 1.02 in Q4 2017. Its up 0.14, from 0.88 in 2017Q3. It increased, 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. Kessler Invest Grp Inc Lc accumulated 2.32% or 34,939 shares. Brown Advisory Securities Lc accumulated 71,576 shares or 0.73% of the stock. Violich Cap Inc invested in 1.81% or 134,310 shares. Bonness invested in 1.36% or 37,887 shares. Lpl Finance has invested 0.23% in Verizon Communications Inc. (NYSE:VZ). Burt Wealth Advsr has 0.25% invested in Verizon Communications Inc. (NYSE:VZ). Personal Capital Advsr invested in 0.59% or 650,427 shares. Goodman Financial invested in 0.01% or 500 shares. Mitchell Mcleod Pugh Williams, Alabama-based fund reported 16,706 shares. Adams Diversified Equity Fund holds 0.49% in Verizon Communications Inc. (NYSE:VZ) or 171,600 shares. Ironwood Fincl Ltd Liability Com owns 255 shares for 0.01% of their portfolio. Vanguard Grp accumulated 290.16M shares or 0.67% of the stock. Moreover, Modera Wealth Mgmt Ltd Llc has 0.23% invested in Verizon Communications Inc. (NYSE:VZ). Sabal has 0.23% invested in Verizon Communications Inc. (NYSE:VZ). Godshalk Welsh Inc, Pennsylvania-based fund reported 20,581 shares.

Since February 13, 2018, it had 0 insider buys, and 2 insider sales for $444,552 activity.

Cullen Frost Bankers Inc increased its stake in Verizon Communications Com (VZ) by 39.04% based on its latest 2017Q4 regulatory filing with the SEC. Cullen Frost Bankers Inc bought 92,119 shares as the company’s stock declined 11.05% with the market. The institutional investor held 328,101 shares of the telecommunications equipment company at the end of 2017Q4, valued at $17.37 million, up from 235,982 at the end of the previous reported quarter. Cullen Frost Bankers Inc who had been investing in Verizon Communications Com for a number of months, seems to be bullish on the $200.11 billion market cap company. The stock increased 1.45% or $0.69 during the last trading session, reaching $48.43. About 8.59 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since May 22, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Cullen Frost Bankers Inc, which manages about $3.16B US Long portfolio, decreased its stake in Nasdaq Inc Com (NASDAQ:NDAQ) by 41,702 shares to 293,161 shares, valued at $22.52 million in 2017Q4, according to the filing. It also reduced its holding in Walgreens Boots Alliance Inc C by 55,478 shares in the quarter, leaving it with 84,867 shares, and cut its stake in Cardinal Health Inc Com (NYSE:CAH).

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Benzinga.com which released: “JPMorgan: Verizon On ‘Stable Footing’ As 5G Opportunity Crystallizes” on May 11, 2018, also Globenewswire.com with their article: “Verizon holds sellside analyst meeting” published on May 21, 2018, Fool.com published: “Verizon Aims to Be Much More Than a Phone Company” on May 10, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: 247Wallst.com and their article: “Is Verizon Back on Track?” published on April 24, 2018 as well as Bizjournals.com‘s news article titled: “General Electric drops again on Fortune 500 list” with publication date: May 21, 2018.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 18 analysts covering Verizon (NYSE:VZ), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Verizon had 26 analyst reports since November 30, 2017 according to SRatingsIntel. The stock has “Buy” rating by UBS on Wednesday, April 25. The firm has “Buy” rating given on Wednesday, April 25 by SunTrust. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by HSBC on Wednesday, March 28. The rating was downgraded by Moffett Nathanson to “Neutral” on Tuesday, January 16. As per Wednesday, January 24, the company rating was maintained by Robert W. Baird. Scotia Capital upgraded the stock to “Buy” rating in Monday, January 22 report. SunTrust maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, December 6 with “Hold” rating. Moffett Nathanson upgraded Verizon Communications Inc. (NYSE:VZ) on Wednesday, February 28 to “Buy” rating. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, January 24 report. The rating was maintained by Cowen & Co with “Hold” on Tuesday, April 24.

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

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