Verizon Communications Inc (NYSE:VZ).
Thomaspartners, Inc. says it raised its stake in Verizon Communications Inc shares by 241,871 shares as reported in a filing on 11/15/2017. Its stake was worth $312,610,000 an increase of 15.2% according to the filing.
Several firms have updated their holdings. Baird Financial Group, Inc. added to its investment by buying 411,907 shares an increase of 21.7% in the quarter. Baird Financial Group, Inc. claims 2,313,158 shares with a value of $114,478,000. The value of the position overall is up by 34.8%. As of quarter end Frontier Investment Mgmt Co had acquired 34,806 shares growing its holdings by 8.2%. The value of the total investment in Verizon Communications Inc went from $19,072,000 to $22,858,000 increasing 19.9% quarter to quarter.
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS expanded its holdings by buying 28,691 shares an increase of 9.5% from 06/30/2017 to 09/30/2017. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS now controls 331,762 shares worth $16,419,000. The total value of its holdings increased 21.3%.
On October 22 Macquarie kept the stock rating at “Hold” targeting a price of $52.00. On October 21, 2017 KeyCorp reiterated a “Hold” rating on the company.
On October 20, 2017 Bank of America Corporation released research on VZ stating a rating of “Buy” and establishing a price target of $52.00. October 20 investment analysts at SunTrust Banks maintained a stock rating of “Hold” projecting a price of $50.00.
October 12 investment analysts at Moffett Nathanson kept a “Buy” rating on the company. On October 11, 2017 KeyCorp maintained a “Hold” rating on the company.
The company is trading down by 0.11% percent from yesterday’s close. The most current P/E ratio is 11.33 and market capitalization is 180.19B. In the latest earnings report the EPS was $3.90 with 4.08B shares now outstanding.
Investors are feeling more bearish on the company recently looking at the change in short interest. The stock experienced a rise in short interest of 2.25% as of October 13, 2017 from the last reporting period. Short interest increased 869,285 over that timeframe. The short-interest ratio increased to 3.0 and the percentage of shorted shares was 0.01% on October 13.