I-G Investment Management LTD Holding in Verizon Communications INC (VZ) Decreased by $10.50 Million as Shares Declined

February 15, 2018 - By reb123z

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It has no 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. Moreover, Washington Trust Fincl Bank has 0.62% invested in Verizon Communications Inc. (NYSE:VZ). Steinberg Global Asset Management holds 151,793 shares or 1.1% of its portfolio. Miles Cap Inc stated it has 4,125 shares. New Jersey Better Educational Savings invested in 22,000 shares or 0.92% of the stock. Private Company Na has 0.59% invested in Verizon Communications Inc. (NYSE:VZ). Boys Arnold, North Carolina-based fund reported 51,737 shares. First Mercantile Trust invested in 86,902 shares or 0.78% of the stock. Acadian Asset Mgmt Limited accumulated 72,818 shares or 0.02% of the stock. Guggenheim Limited Liability Corporation holds 2.27M shares or 0.26% of its portfolio. Todd Asset Mgmt Ltd Liability Corporation invested 0.4% in Verizon Communications Inc. (NYSE:VZ). Bellecapital Ltd holds 4,500 shares or 0.26% of its portfolio. Point72 Asset Mgmt Limited Partnership invested in 0.01% or 50,400 shares. 343,814 were accumulated by Park Natl Oh. Corda Invest Ltd Limited Liability Company reported 2.38% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Troy Asset Mgmt Ltd reported 1.09 million shares.

Since August 28, 2017, it had 0 insider purchases, and 3 selling transactions for $89,365 activity.

I-G Investment Management Ltd decreased its stake in Verizon Communications Inc (VZ) by 1.63% based on its latest 2017Q3 regulatory filing with the SEC. I-G Investment Management Ltd sold 214,185 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 12.90 million shares of the telecommunications equipment company at the end of 2017Q3, valued at $638.53M, down from 13.12M at the end of the previous reported quarter. I-G Investment Management Ltd who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $200.85 billion market cap company. The stock decreased 0.55% or $0.27 during the last trading session, reaching $49.24. About 8.03M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 15, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

I-G Investment Management Ltd, which manages about $19.49B US Long portfolio, upped its stake in Celgene Corp (NASDAQ:CELG) by 58,000 shares to 396,308 shares, valued at $57.79 million in 2017Q3, according to the filing. It also increased its holding in Tractor Supply Co (NASDAQ:TSCO) by 96,800 shares in the quarter, for a total of 204,055 shares, and has risen its stake in Thermo Fisher Scientific In (NYSE:TMO).

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Fool.com which released: “Verizon Communications Inc. (VZ) Q4 2017 Earnings Conference Call Transcript” on January 23, 2018, also Fool.com with their article: “Why 2017 Was a Year to Forget for Verizon Communications Inc.” published on January 18, 2018, Fool.com published: “Will 2018 Be Verizon Communications Inc.’s Best Year Yet?” on February 02, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Gurufocus.com and their article: “Brandywine Global Investment Management, LLC Buys Comcast Corp, Verizon …” published on February 15, 2018 as well as Gurufocus.com‘s news article titled: “Willis Investment Counsel Buys Verizon Communications Inc, Ensco PLC …” with publication date: February 15, 2018.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 28 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 21 Hold. Therefore 25% are positive. Verizon Communications Inc. had 74 analyst reports since July 22, 2015 according to SRatingsIntel. JP Morgan maintained the shares of VZ in report on Wednesday, January 24 with “Neutral” rating. The rating was maintained by Citigroup on Monday, March 14 with “Neutral”. As per Friday, April 21, the company rating was downgraded by Argus Research. The rating was downgraded by Jefferies to “Hold” on Thursday, April 7. The firm earned “Neutral” rating on Thursday, February 4 by DA Davidson. The rating was maintained by Robert W. Baird with “Hold” on Wednesday, October 4. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Wednesday, January 25. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Tuesday, April 5 by Macquarie Research. The firm earned “Hold” rating on Friday, October 20 by SunTrust. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by Scotia Capital on Monday, January 22.

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