W.g. Shaheen Associates Dba Whitney Co Lowers stake in Verizon Communications (VZ)

Verizon Communications (VZ) : W.g. Shaheen Associates Dba Whitney Co reduced its stake in Verizon Communications by 0.21% during the most recent quarter end. The investment management company now holds a total of 132,532 shares of Verizon Communications which is valued at $6,805,518 after selling 280 shares in Verizon Communications , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Verizon Communications makes up approximately 2.90% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.

Verizon Communications opened for trading at $51.37 and hit $51.895 on the upside on Monday, eventually ending the session at $51.73, with a gain of 0.74% or 0.38 points. The heightened volatility saw the trading volume jump to 1,43,22,896 shares. Company has a market cap of $210,740 M.

Other Hedge Funds, Including , Spirit Of America Management Corpny boosted its stake in VZ in the latest quarter, The investment management firm added 2,950 additional shares and now holds a total of 23,390 shares of Verizon Communications which is valued at $1,201,077. Verizon Communications makes up approx 0.21% of Spirit Of America Management Corpny’s portfolio.Kanaly Trust Co boosted its stake in VZ in the latest quarter, The investment management firm added 7,279 additional shares and now holds a total of 56,266 shares of Verizon Communications which is valued at $2,889,259. Verizon Communications makes up approx 0.58% of Kanaly Trust Co’s portfolio.Somerset Trust Co boosted its stake in VZ in the latest quarter, The investment management firm added 367 additional shares and now holds a total of 37,018 shares of Verizon Communications which is valued at $1,900,874. Verizon Communications makes up approx 1.25% of Somerset Trust Co’s portfolio.Tufton Capital Management boosted its stake in VZ in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 133,661 shares of Verizon Communications which is valued at $6,863,492. Verizon Communications makes up approx 1.70% of Tufton Capital Management’s portfolio.Community Trust Investment Co reduced its stake in VZ by selling 7,078 shares or 63.18% in the most recent quarter. The Hedge Fund company now holds 4,125 shares of VZ which is valued at $212,891. Verizon Communications makes up approx 0.03% of Community Trust Investment Co’s portfolio.

On the company’s financial health, Verizon Communications reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $0.88. The company had revenue of $34254.00 million for the quarter, compared to analysts expectations of $34118.06 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on Verizon Communications. Company shares were Reiterated by Barclays on Apr 18, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 52 from a previous price target of $51 .Verizon Communications was Downgraded by Jefferies to ” Hold” on Apr 7, 2016. Verizon Communications was Downgraded by Bernstein to ” Mkt Perform” on Apr 7, 2016.

Verizon Communications Inc. (Verizon) is a holding company that acting through its subsidiaries provides communications information and entertainment products and services to consumers businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment includes the Cellco Partnership doing business as Verizon Wireless. Wireless’ communications products and services include wireless voice and data services and equipment sales which are provided to consumer business and government customers across the United States. Wireline’s voice data and video communications products and services include broadband video and data corporate networking solutions data center and cloud services security and managed network services and local and long distance voice services. Verizon provides these products and services to consumers in the United States as well as to carriers businesses and government customers both in the United States and around the world.

Leave a Reply

Verizon Communications - Is it time to Sell?

Top Brokerage Firms are advising their investors on Verizon Communications. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.