Verizon Communications INC (VZ) Shares Declined While Employees Retirement System Of Texas Raised Holding by $9.71 Million

July 27, 2018 - By Kristin Houston

Verizon Communications Inc. (NYSE:VZ) LogoInvestors sentiment decreased to 0.97 in Q1 2018. Its down 0.05, from 1.02 in 2017Q4. It turned negative, as 69 investors sold VZ shares while 675 reduced holdings. 132 funds opened positions while 593 raised stakes. 2.55 billion shares or 0.58% more from 2.54 billion shares in 2017Q4 were reported. Vantage Advsr Ltd Limited Liability Company owns 0.17% invested in Verizon Communications Inc. (NYSE:VZ) for 14,303 shares. Princeton Portfolio Strategies Grp Ltd Company reported 74,371 shares. Highbridge Capital Limited Liability Company invested in 0.01% or 6,700 shares. Oakbrook Invs Limited Liability has 0.76% invested in Verizon Communications Inc. (NYSE:VZ). Kelly Lawrence W And Associate Incorporated Ca invested in 30,675 shares. Private Ocean Limited accumulated 7,304 shares or 0.17% of the stock. Nomura Asset Mngmt Ltd has invested 0.53% in Verizon Communications Inc. (NYSE:VZ). California State Teachers Retirement Sys has 0.75% invested in Verizon Communications Inc. (NYSE:VZ) for 7.35 million shares. Motley Fool Asset Management Ltd Liability Co has 0.26% invested in Verizon Communications Inc. (NYSE:VZ). Lowe Brockenbrough stated it has 0.34% in Verizon Communications Inc. (NYSE:VZ). Nippon Life Insur stated it has 1.06M shares or 1.13% of all its holdings. Norinchukin Bancshares The has invested 0.58% in Verizon Communications Inc. (NYSE:VZ). Maple Management Incorporated reported 1.43% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Ironwood Financial Limited Liability Com stated it has 256 shares or 0.01% of all its holdings. Stevens First Principles Inv Advisors owns 84 shares for 0% of their portfolio.

Since February 13, 2018, it had 0 insider purchases, and 2 selling transactions for $444,552 activity.

Employees Retirement System Of Texas increased its stake in Verizon Communications Inc (VZ) by 40.91% based on its latest 2018Q1 regulatory filing with the SEC. Employees Retirement System Of Texas bought 206,600 shares as the company’s stock declined 1.16% with the market. The institutional investor held 711,617 shares of the telecommunications equipment company at the end of 2018Q1, valued at $34.03M, up from 505,017 at the end of the previous reported quarter. Employees Retirement System Of Texas who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $211.47 billion market cap company. The stock increased 0.53% or $0.27 during the last trading session, reaching $51.18. About 11.16M shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 7.08% since July 27, 2017 and is uptrending. It has underperformed by 5.49% the S&P500.

Employees Retirement System Of Texas, which manages about $7.39 billion US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 155,378 shares to 1.76M shares, valued at $160.62 million in 2018Q1, according to the filing. It also reduced its holding in United Parcel Service Inc (NYSE:UPS) by 45,000 shares in the quarter, leaving it with 35,300 shares, and cut its stake in Lowes Cos Inc (NYSE:LOW).

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Seekingalpha.com which released: “Verizon Communications 2018 Q2 – Results – Earnings Call Slides” on July 25, 2018, also Seekingalpha.com with their article: “Do Verizon Investors Know About This $300 Million Secret?” published on July 23, 2018, Seekingalpha.com published: “Verizon: The Key Takeaway From Today’s Earnings Beat” on July 24, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Fool.com and their article: “3 Things to Watch When Verizon Reports Earnings” published on July 22, 2018 as well as Globenewswire.com‘s news article titled: “Verizon ends first-half 2018 with strong operating results” with publication date: July 24, 2018.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 15 analysts covering Verizon (NYSE:VZ), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Verizon has $58 highest and $53 lowest target. $55.27’s average target is 7.99% above currents $51.18 stock price. Verizon had 15 analyst reports since February 28, 2018 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Friday, May 11. Wells Fargo maintained the shares of VZ in report on Friday, June 8 with “Buy” rating. Moffett Nathanson upgraded Verizon Communications Inc. (NYSE:VZ) on Wednesday, February 28 to “Buy” rating. Cowen & Co maintained it with “Hold” rating and $5600 target in Tuesday, April 24 report. The stock of Verizon Communications Inc. (NYSE:VZ) has “Overweight” rating given on Monday, April 23 by Barclays Capital. On Wednesday, April 25 the stock rating was upgraded by SunTrust to “Buy”. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, June 21. The rating was upgraded by HSBC to “Buy” on Wednesday, March 28. The stock has “Hold” rating by Jefferies on Wednesday, April 25. The company was upgraded on Friday, May 11 by J.P. Morgan.

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

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