November 21, 2016 - By Louis Casey · 0 Comments
The stock of Verizon Communications Incorporated (NYSE:VZ) registered an increase of 16.28% in short interest. VZ’s total short interest was 37.02M shares in November as published by FINRA. Its up 16.28% from 31.84M shares, reported previously. With 13.66M shares average volume, it will take short sellers 3 days to cover their VZ’s short positions. The short interest to Verizon Communications Incorporated’s float is 0.91%. About 1,566 shares traded hands. Verizon Communications Inc. (NYSE:VZ) has declined 7.70% since April 19, 2016 and is downtrending. It has underperformed by 11.56% the S&P500.
Verizon Communications Inc. is a holding company. The company has a market cap of $196.91 billion. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. It has a 14.01 P/E ratio. The Firm offers voice, data and video services and solutions on its wireless and wireline networks.
Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.05, from 1.15 in 2016Q1. The ratio turned negative, as 60 funds sold all Verizon Communications Inc. shares owned while 645 reduced positions. 97 funds bought stakes while 717 increased positions. They now own 2.54 billion shares or 1.12% less from 2.57 billion shares in 2016Q1.
Wunderlich Cap Managemnt has 0.96% invested in the company for 20,292 shares. Baxter Bros reported 36,316 shares or 0.71% of all its holdings. Lakeview Cap Partners Ltd has 54,310 shares for 1.81% of their US portfolio. Parkwood Limited Liability Company has invested 0.09% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Cobblestone Cap Limited Liability Com has invested 0.14% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Moreover, Samsung Asset Management (New York) Inc has 0.82% invested in Verizon Communications Inc. (NYSE:VZ) for 18,960 shares. The Texas-based Cullen Frost Bankers Incorporated has invested 0.68% in Verizon Communications Inc. (NYSE:VZ). Moreover, Boston Advisors Lc has 0.89% invested in Verizon Communications Inc. (NYSE:VZ) for 639,098 shares. Advsr Capital Mgmt Ltd Liability Corp has 0.49% invested in the company for 86,109 shares. Badgley Phelps And Bell holds 126,714 shares or 0.65% of its portfolio. Knott David M accumulated 0% or 1,583 shares. Arvest Bancorp Trust Division holds 0.04% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 7,875 shares. Rothschild Corporation Il, a Illinois-based fund reported 206,136 shares. Blackrock Advisors Ltd Liability Corporation holds 0.9% or 15.86 million shares in its portfolio. Baldwin Brothers Ma has 0.17% invested in the company for 14,884 shares.
Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 5 insider sales for $173,061 net activity. SILLIMAN CRAIG L. also sold $32,095 worth of Verizon Communications Inc. (NYSE:VZ) on Wednesday, October 26.
Out of 17 analysts covering Verizon Communications Inc. (NYSE:VZ), 5 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 29% are positive. Verizon Communications Inc. has been the topic of 26 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Sector Outperform” rating and $51 target price in Wednesday, October 21 report. FBR Capital maintained it with “Outperform” rating and $54 target price in Wednesday, October 21 report. The firm has “Buy” rating by Drexel Hamilton given on Monday, October 24. The rating was maintained by RBC Capital Markets on Wednesday, September 30 with “Outperform”. The stock has “Neutral” rating given by Citigroup on Wednesday, October 21. As per Monday, April 18, the company rating was maintained by Barclays Capital. The rating was maintained by Argus Research with “Buy” on Wednesday, October 21. The rating was initiated by DA Davidson on Thursday, February 4 with “Neutral”. MoffettNathanson upgraded Verizon Communications Inc. (NYSE:VZ) on Tuesday, August 11 to “Neutral” rating. Citigroup maintained Verizon Communications Inc. (NYSE:VZ) on Monday, March 14 with “Neutral” rating.
Verizon Communications Inc. (Verizon), incorporated on October 7, 1983, is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. The Firm offers voice, data and video services and solutions on its wireless and wireline networks. The Company’s divisions include Wireless and Wireline. The Wireless segment offers communications services and products, including wireless voice and data services and equipment sales that are provided to consumer, business and government clients across the United States. The Wireline segment offers voice, data and video communications services and products, such as broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services, and local and long distance voice services. The Firm provides these services and products to clients in the United States, as well as to carriers, businesses and government clients both in the United States and around the world.
More recent Verizon Communications Inc. (NYSE:VZ) news were published by: Forbes.com which released: “Verizon Communications (VZ) Shares Cross 5% Yield Mark” on November 14, 2016. Also Wsj.com published the news titled: “Verizon to Buy Technology of Web-Video Startup Vessel” on October 26, 2016. Profitconfidential.com‘s news article titled: “Verizon Communications Inc.: Acquisitions Could Help VZ Stock Soar” with publication date: October 23, 2016 was also an interesting one.
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By Louis Casey