Verizon Communications: The Bear Case From a Bull

Cobblestone Capital Advisors LLC NY now owns 19,401 shares of the cell phone carrier's stock worth $946,000 after buying an additional 50 shares during the period.

The share price of the company (NASDAQ:HBAN) was up +0.45%, with a high of 13.44 during the day and the volume of Huntington Bancshares Incorporated shares traded was 8674448. About 62,289 shares traded. W. R. Berkley Corp (NYSE:WRB) has risen 22.62% since June 16, 2016 and is uptrending. It has outperformed by 174.58% the S&P500. Garland Capital Management Inc. purchased a new stake in shares of Verizon Communications during the third quarter worth approximately $680,000. Capital holds 17.43 million shares.

Returns and Valuations for Alaska Air Group, Inc. The stock decreased 0.11% or $0.05 on June 15, reaching $46.64. For the quarter, shares have been noted at -5.18%.

Verizon Communications Inc. (VZ)'s average Piotroski F-Score: 4 during the last 7 years. It has underperformed by 4.13% the S&P500. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) on Friday, August 14 to "Hold" rating. Stockholders of record on Monday, July 10th will be paid a dividend of $0.5775 per share. BDC's profit will be $48.77 million for 16.41 P/E if the $1.16 EPS becomes a reality. Fragasso Gru stated it has 0.47% of its portfolio in Verizon Communications Inc. Zacks Investment Research's sales averages are an average based on a survey of analysts that follow Verizon Communications. (NYSE:VZ) by 8.3% during the first quarter, according to its most recent 13F filing with the SEC. Verizon Communications had a return on equity of 66.99% and a net margin of 9.92%. On Thursday, February 23 Gurnani Roger sold $543,385 worth of Verizon Communications Inc. In the last 90 days, insiders have sold 18,192 shares of company stock worth $840,801. Canada Pension Plan Board reported 6.63M shares stake. Janney Montgomery Scott Ltd Com accumulated 0.92% or 1.14 million shares. Oracle Corp (NYSE:ORCL) was reduced too. Thanks to an increase of nearly 3.55% in the past one month, the stock price is now outperforming with 1.44% so far on the year - still in weak zone. They are also projecting the Low EPS estimate of $0.84 and the High EPS estimate of $1.01. 115 funds opened positions while 683 raised stakes. Strs Ohio reported 0.77% of its portfolio in Verizon Communications Inc. The shares were sold at an average price of $47.36, for a total transaction of $28,889.60.

A number of research analysts recently issued reports on VZ shares. Investors will be waiting to see if shares see a turnaround in the next few weeks. (NYSE:VZ) news were published by: Marketwatch.com which released: "Verizon Communications taps former AOL head as CEO of Oath" on June 13, 2017, also Fool.com with their article: "Here's Why the Worst Is Yet to Come for Verizon Communications Inc." published on June 12, 2017, Seekingalpha.com published: "Verizon: Lock In That Juicy Dividend" on June 16, 2017. They now have a United States dollars 13.75 price target on the stock. Busey reported 1.46% in Verizon Communications Inc. Sterling Llc holds 2.33M shares. Riggs Asset Managment holds 0.23% or 8,492 shares. Aspiriant Lc holds 0.01% or 11,425 shares in its portfolio.

Verizon Communications Inc.is a holding company. Louisiana State Employees Retirement Systems has 256,300 shares for 0.71% of their portfolio. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial services and products. Equities research analysts predict that Verizon Communications Inc. will post $3.75 earnings per share for the current year. Vetr lowered Verizon Communications from a "buy" rating to a "hold" rating and set a $52.47 price target for the company.in a research note on Monday, February 27th. Therefore 67% are positive.

04/21/2017 - Verizon Communications Inc. had its "neutral" rating reiterated by analysts at Instinet. The rating was initiated by Macquarie Research on Tuesday, April 5 with "Neutral".

02/21/2017 - Verizon Communications Inc. was upgraded to "buy" by analysts at MoffettNathanson. The firm has "Buy" rating by Benchmark given on Friday, March 31. On Tuesday, January 12 the stock rating was downgraded by RBC Capital Markets to "Sector Perform". Wells Fargo downgraded Verizon Communications Inc. The rating was upgraded by BMO Capital Markets on Friday, January 22 to "Outperform". The firm earned "Outperform" rating on Wednesday, October 21 by FBR Capital. Verizon Communications's dividend payout ratio is now 71.74%. FBR Capital has "Mkt Perform" rating and $52 target. The firm has "Buy" rating given on Wednesday, October 21 by Argus Research.

  • Zachary Reyes