Do Institutional Investors Love Verizon Communications Inc (NYSE:VZ)?

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Sentiment for Verizon Communications Inc (NYSE:VZ)

Verizon Communications Inc (NYSE:VZ) institutional sentiment increased to 1.26 in 2019 Q2. Its up 0.04, from 1.22 in 2019Q1. The ratio increased, as 788 active investment managers opened new or increased holdings, while 625 sold and trimmed stock positions in Verizon Communications Inc. The active investment managers in our partner’s database reported: 2.61 billion shares, down from 2.61 billion shares in 2019Q1. Also, the number of active investment managers holding Verizon Communications Inc in their top 10 holdings decreased from 136 to 106 for a decrease of 30. Sold All: 50 Reduced: 575 Increased: 669 New Position: 119.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment services and products to consumers, businesses, and governmental agencies worldwide. The company has market cap of $247.63 billion. The Company’s Wireless segment offers wireless voice and data services; Internet access on various smart and basic phones, notebook computers, and tablets; and multimedia access, business-focused, location-based, global data, home phone handsets, and high-speed Internet services, as well as network access and value added services to support wireless connections for the Internet of Things . It has a 15.64 P/E ratio. This segment also provides IoT services that support devices used in fleet management and telematics, energy, agricultural technology, and smart community markets; and wireless devices, such as smartphones and basic phones, tablets, and other Internet access devices.

The stock decreased 0.92% or $0.56 during the last trading session, reaching $59.88. About 5.99M shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 5.30% since September 13, 2018 and is uptrending. It has outperformed by 5.30% the S&P500.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on October, 22. They expect $1.24 earnings per share, up 1.64 % or $0.02 from last year’s $1.22 per share. VZ’s profit will be $5.13 billion for 12.07 P/E if the $1.24 EPS becomes a reality. After $1.23 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 0.81 % EPS growth.

Quinn Opportunity Partners Llc holds 8.94% of its portfolio in Verizon Communications Inc. for 1.26 million shares. American Investment Services Inc. owns 432,581 shares or 7.84% of their US portfolio. Moreover, 10 has 7.71% invested in the company for 622,269 shares. The Ohio-based Cincinnati Indemnity Co has invested 6.31% in the stock. Clark Estates Inc Ny, a New York-based fund reported 668,038 shares.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Ratings analysis reveals 0 of Verizon’s analysts are positive. Out of 2 Wall Street analysts rating Verizon, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $6200 while the high is $62. The stock’s average target of $62 is 3.54% above today’s ($59.88) share price. VZ was included in 6 notes of analysts from March 18, 2019. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Monday, March 18 by J.P. Morgan. The firm has “Neutral” rating given on Monday, July 8 by Citigroup.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Finance.Yahoo.com which released: “6 Stocks With Low Price-Sales Ratios – Yahoo Finance” on September 12, 2019, also Finance.Yahoo.com with their article: “Do Institutions Own Shares In Verizon Communications Inc. (NYSE:VZ)? – Yahoo Finance” published on August 06, 2019, Globenewswire.com published: “Verizon unveils new Media Platform features at IBC 2019 – GlobeNewswire” on September 05, 2019. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Seekingalpha.com and their article: “Verizon: Broken Dividend Model – Seeking Alpha” published on September 02, 2019 as well as Seekingalpha.com‘s news article titled: “Citi adds Verizon to catalyst watch list – Seeking Alpha” with publication date: September 10, 2019.

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

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