Kempen Capital Management Increased Verizon Communications INC Com (VZ) Stake by $4.66 Million

May 17, 2018 - By Jeanette Kaplan

Verizon Communications Inc. (NYSE:VZ) LogoInvestors sentiment increased to 1.02 in Q4 2017. Its up 0.14, from 0.88 in 2017Q3. It improved, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Barrow Hanley Mewhinney Strauss Limited Liability Co holds 1.98% in Verizon Communications Inc. (NYSE:VZ) or 25.09M shares. Inspirion Wealth Lc reported 4,610 shares or 0.12% of all its holdings. The Oregon-based Vision Cap Mgmt has invested 1.44% in Verizon Communications Inc. (NYSE:VZ). Symphony Asset Ltd Liability Co invested in 0.05% or 9,104 shares. Delta Cap Mngmt Ltd Liability Corp accumulated 40,900 shares. Smithfield Trust Co accumulated 35,353 shares. 20,282 were accumulated by Investors Asset Of Georgia Inc Ga Adv. Mutual Of America Mgmt Ltd Llc holds 512,366 shares. Moreover, Klingenstein Fields Com Ltd Limited Liability Company has 0.07% invested in Verizon Communications Inc. (NYSE:VZ) for 34,523 shares. Sterneck Mngmt Lc has 3.32% invested in Verizon Communications Inc. (NYSE:VZ) for 104,665 shares. 38,092 were accumulated by Of Virginia Va. Vaughan David Investments Il owns 684,909 shares. Transamerica Advisors accumulated 13,868 shares. Federated Invsts Pa invested 3.25% in Verizon Communications Inc. (NYSE:VZ). Mariner Wealth Advisors Ltd Llc holds 87,416 shares.

Since February 13, 2018, it had 0 insider purchases, and 2 sales for $444,552 activity.

Kempen Capital Management increased its stake in Verizon Communications Inc Com (VZ) by 17.8% based on its latest 2017Q4 regulatory filing with the SEC. Kempen Capital Management bought 89,650 shares as the company’s stock declined 11.05% with the market. The institutional investor held 593,355 shares of the telecommunications equipment company at the end of 2017Q4, valued at $31.41M, up from 503,705 at the end of the previous reported quarter. Kempen Capital Management who had been investing in Verizon Communications Inc Com for a number of months, seems to be bullish on the $197.32 billion market cap company. The stock decreased 0.22% or $0.105 during the last trading session, reaching $47.755. About 5.53 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since May 17, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Kempen Capital Management, which manages about $1.26 billion US Long portfolio, decreased its stake in Teradata Corp Del Com (NYSE:TDC) by 146,449 shares to 143,240 shares, valued at $5.51 million in 2017Q4, according to the filing. It also reduced its holding in Cubesmart Com (NYSE:CUBE) by 162,032 shares in the quarter, leaving it with 1.06M shares, and cut its stake in Cdn Imperial Bk Comm Toronto Com (NYSE:CM).

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Globenewswire.com which released: “Verizon to speak at JP Morgan conference May 16” on May 15, 2018, also Globenewswire.com with their article: “NOTICE TO DISREGARD — Verizon Communications” published on May 12, 2018, 247Wallst.com published: “Why Verizon’s Earnings May Be Under a Cloud” on April 23, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Fool.com and their article: “Verizon Aims to Be Much More Than a Phone Company” published on May 10, 2018 as well as Globenewswire.com‘s news article titled: “Verizon begins 2018 with strong momentum” with publication date: April 24, 2018.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 19 analysts covering Verizon Communications (NYSE:VZ), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Verizon Communications had 27 analyst reports since November 20, 2017 according to SRatingsIntel. The rating was maintained by Nomura with “Buy” on Wednesday, January 24. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Sector Outperform” rating by Howard Weil on Monday, January 22. On Wednesday, April 25 the stock rating was upgraded by SunTrust to “Buy”. Nomura upgraded Verizon Communications Inc. (NYSE:VZ) rating on Tuesday, December 12. Nomura has “Buy” rating and $61.0 target. On Friday, May 11 the stock rating was upgraded by J.P. Morgan to “Buy”. As per Monday, January 22, the company rating was upgraded by Scotia Capital. The rating was upgraded by JP Morgan on Friday, May 11 to “Overweight”. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Tuesday, January 16 by Moffett Nathanson. The company was maintained on Wednesday, January 24 by Bank of America. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by HSBC on Thursday, December 14.

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

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