Today’s Stock On Watch: Verizon Communications Inc (NYSE:VZ) Institutional Investor Sentiment Trend

November 24, 2016 - By Peter Erickson   ·   0 Comments

Today's Stock On Watch: Verizon Communications Inc (NYSE:VZ) Institutional Investor Sentiment Trend

Sentiment for Verizon Communications Inc (NYSE:VZ)

Verizon Communications Inc (NYSE:VZ) institutional sentiment decreased to 1.1 in 2016 Q2. Its down -0.05, from 1.15 in 2016Q1. The ratio dived, as 814 investment professionals opened new or increased equity positions, while 705 sold and decreased their positions in Verizon Communications Inc. The investment professionals in our partner’s database now hold: 2.54 billion shares, down from 2.57 billion shares in 2016Q1. Also, the number of investment professionals holding Verizon Communications Inc in their top 10 equity positions decreased from 217 to 215 for a decrease of 2. Sold All: 60 Reduced: 645 Increased: 717 New Position: 97.

Verizon Communications Inc. is a holding company. The company has a market cap of $209.77 billion. The Company, through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. It has a 14.64 P/E ratio. The Firm offers voice, data and video services and solutions on its wireless and wireline networks.

The stock increased 1.50% or $0.74 on November 23, hitting $50.23. About 21.47 million shares traded hands or 37.80% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 0.63% since April 22, 2016 and is downtrending. It has underperformed by 6.04% the S&P500.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 24 before the open. They expect $0.90 EPS, up 1.12% or $0.01 from last year’s $0.89 per share. VZ’s profit will be $3.76B for 13.95 P/E if the $0.90 EPS becomes a reality. After $1.01 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.89% negative EPS growth.

According to Zacks Investment Research, “Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world’s leading providers of high-growth communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon is also the world’s largest provider of print and on-line directory information.”

10 holds 9.99% of its portfolio in Verizon Communications Inc. for 622,037 shares. American Investment Services Inc. owns 405,394 shares or 9.79% of their US portfolio. Moreover, Rathbone Brothers Plc has 9.57% invested in the company for 3.11 million shares. The Ohio-based Cincinnati Indemnity Co has invested 8.29% in the stock. Stuyvesant Capital Management, a New York-based fund reported 61,295 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 sales for $139,595 net activity.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Ratings analysis reveals 29% of Verizon Communications Inc.’s analysts are positive. Out of 17 Wall Street analysts rating Verizon Communications Inc., 5 give it “Buy”, 0 “Sell” rating, while 12 recommend “Hold”. The lowest target is $44 while the high is $55. The stock’s average target of $51.39 is 2.31% above today’s ($50.23) share price. VZ was included in 26 notes of analysts from July 22, 2015. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Equal-Weight” rating by Barclays Capital on Monday, April 18. The company was maintained on Wednesday, October 21 by Citigroup. The firm has “Neutral” rating given on Wednesday, July 27 by Hilliard Lyons. Scotia Capital maintained the stock with “Sector Outperform” rating in Wednesday, October 21 report. On Thursday, April 7 the stock rating was downgraded by Jefferies to “Hold”. The firm earned “Neutral” rating on Monday, March 14 by Citigroup. The rating was downgraded by Bernstein on Thursday, April 7 to “Market Perform”. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, September 30. RBC Capital Markets has “Outperform” rating and $48 price target. As per Monday, October 24, the company rating was upgraded by Drexel Hamilton. As per Monday, January 25, the company rating was maintained by RBC Capital Markets.

VZ Company Profile

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 important recent Verizon Communications Inc. (NYSE:VZ) news were published by: 247Wallst.com which released: “Verizon, Home Depot Dominate DJIA Tuesday” on November 22, 2016, also Prnewswire.com published article titled: “Verizon customers connect with friends and family in Japan for free following …”, Wsj.com published: “Verizon to Buy Technology of Web-Video Startup Vessel” on October 26, 2016. More interesting news about Verizon Communications Inc. (NYSE:VZ) was released by: Forbes.com and their article: “Verizon Communications (VZ) Shares Cross 5% Yield Mark” with publication date: November 14, 2016.

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By Peter Erickson

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