Beacon Financial Group Has Lowered Verizon Communications (VZ) Stake By $2.02 Million; Western Asset Variable Rate Strategic Fund (GFY) Sentiment Is 4

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Beacon Financial Group decreased Verizon Communications Inc (VZ) stake by 21.64% reported in 2017Q4 SEC filing. Beacon Financial Group sold 38,927 shares as Verizon Communications Inc (VZ)’s stock declined 11.05%. The Beacon Financial Group holds 140,975 shares with $7.46 million value, down from 179,902 last quarter. Verizon Communications Inc now has $200.87B valuation. The stock increased 1.59% or $0.76 during the last trading session, reaching $48.66. About 14.21 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since April 24, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Western Asset Variable Rate Strategic Fund Inc (GFY) investors sentiment increased to 4 in 2017 Q4. It’s up 2.00, from 2 in 2017Q3. The ratio increased, as 8 investment managers increased and started new holdings, while 2 sold and reduced their stock positions in Western Asset Variable Rate Strategic Fund Inc. The investment managers in our database now have: 2.77 million shares, up from 1.37 million shares in 2017Q3. Also, the number of investment managers holding Western Asset Variable Rate Strategic Fund Inc in top ten holdings was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 2 Increased: 6 New Position: 2.

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.14, from 0.88 in 2017Q3. It is positive, 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. First Hawaiian Financial Bank holds 0.12% in Verizon Communications Inc. (NYSE:VZ) or 17,656 shares. Wells Fargo Mn invested 0.46% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Avalon Advsrs Ltd Liability holds 1.12% or 689,051 shares. Weaver C Barksdale & Inc has invested 1.36% in Verizon Communications Inc. (NYSE:VZ). Freestone Capital Llc, a Washington-based fund reported 24,018 shares. Caprock has 45,080 shares. Dimensional Fund Advsr Ltd Partnership holds 0.29% or 13.11M shares. Rampart Investment Limited Liability Corporation, Massachusetts-based fund reported 54,107 shares. The Japan-based Nomura Asset Limited has invested 0.57% in Verizon Communications Inc. (NYSE:VZ). Schroder Gp reported 2.75M shares stake. Vantage Advsrs Limited Liability Corp holds 18,529 shares or 0.22% of its portfolio. L S Advisors reported 7,395 shares or 0.06% of all its holdings. Spectrum Mngmt has invested 0.09% in Verizon Communications Inc. (NYSE:VZ). Lvw Lc invested in 76,375 shares. Tiemann Investment Advsr Limited Co has 13,792 shares.

Since October 27, 2017, it had 0 buys, and 2 insider sales for $376,615 activity. 6,967 shares were sold by Skiadas Anthony T, worth $346,957 on Tuesday, February 13. The insider SILLIMAN CRAIG L. sold $29,658.

Among 29 analysts covering Verizon Communications Inc. (NYSE:VZ), 11 have Buy rating, 0 Sell and 18 Hold. Therefore 38% are positive. Verizon Communications Inc. has $63 highest and $44 lowest target. $54.41’s average target is 11.82% above currents $48.66 stock price. Verizon Communications Inc. had 78 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, August 14 by Zacks. As per Wednesday, September 30, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Scotia Capital to “Buy” on Monday, January 22. The company was maintained on Wednesday, October 21 by Scotia Capital. On Monday, September 7 the stock rating was downgraded by Zacks to “Hold”. SunTrust maintained it with “Hold” rating and $58.0 target in Tuesday, January 23 report. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Friday, October 20 by RBC Capital Markets. Cowen & Co maintained Verizon Communications Inc. (NYSE:VZ) on Friday, July 28 with “Hold” rating. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by Citigroup on Tuesday, January 3. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by Jefferies on Wednesday, January 24.

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