Carnegie Capital Asset Management Has Increased Its Amazon Com (AMZN) Stake; Dorsey & Whitney Trust Company Has Lowered Verizon Communications (VZ) Stake

January 19, 2018 - By Migdalia James

Carnegie Capital Asset Management Llc increased Amazon Com Inc (AMZN) stake by 31.46% reported in 2017Q3 SEC filing. Carnegie Capital Asset Management Llc acquired 2,050 shares as Amazon Com Inc (AMZN)’s stock rose 13.58%. The Carnegie Capital Asset Management Llc holds 8,567 shares with $8.29 million value, up from 6,517 last quarter. Amazon Com Inc now has $626.22B valuation. The stock increased 0.48% or $6.24 during the last trading session, reaching $1299.56. About 3.02M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since January 19, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Dorsey & Whitney Trust Company Llc decreased Verizon Communications (VZ) stake by 16.05% reported in 2017Q3 SEC filing. Dorsey & Whitney Trust Company Llc sold 8,790 shares as Verizon Communications (VZ)’s stock declined 7.66%. The Dorsey & Whitney Trust Company Llc holds 45,978 shares with $2.28 million value, down from 54,768 last quarter. Verizon Communications now has $210.56 billion valuation. The stock increased 0.13% or $0.07 during the last trading session, reaching $51.62. About 15.13 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 19, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Since August 3, 2017, it had 0 insider purchases, and 9 sales for $16.47 million activity. The insider Blackburn Jeffrey M sold 2,077 shares worth $2.05 million. Jassy Andrew R also sold $1.96 million worth of Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, August 15. $536,666 worth of stock was sold by Reynolds Shelley on Tuesday, August 15. 710 shares valued at $697,038 were sold by WILKE JEFFREY A on Tuesday, August 15. Zapolsky David also sold $2.30M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. 2,334 shares were sold by Olsavsky Brian T, worth $2.31M on Tuesday, August 15.

Carnegie Capital Asset Management Llc decreased Vanguard Index Fds (VNQ) stake by 5,145 shares to 60,015 valued at $5.00M in 2017Q3. It also reduced General Electric Co (NYSE:GE) stake by 15,819 shares and now owns 135,181 shares. Ecolab Inc (NYSE:ECL) was reduced too.

Among 50 analysts covering Amazon.com (NASDAQ:AMZN), 47 have Buy rating, 0 Sell and 3 Hold. Therefore 94% are positive. Amazon.com had 248 analyst reports since July 21, 2015 according to SRatingsIntel. Suntrust Robinson maintained Amazon.com, Inc. (NASDAQ:AMZN) rating on Friday, July 29. Suntrust Robinson has “Neutral” rating and $800 target. Citigroup maintained the shares of AMZN in report on Friday, July 24 with “Buy” rating. The stock has “Overweight” rating by Piper Jaffray on Tuesday, January 3. The firm has “Buy” rating given on Thursday, December 14 by Guggenheim. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by Stifel Nicolaus on Monday, September 18. On Wednesday, May 31 the stock rating was maintained by Jefferies with “Buy”. As per Wednesday, November 11, the company rating was maintained by Morgan Stanley. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Overweight” rating by Piper Jaffray on Friday, October 23. KeyBanc Capital Markets maintained the shares of AMZN in report on Wednesday, July 12 with “Hold” rating. The company was maintained on Friday, July 28 by Oppenheimer.

Investors sentiment decreased to 1.26 in Q3 2017. Its down 0.10, from 1.36 in 2017Q2. It dived, as 73 investors sold AMZN shares while 549 reduced holdings. 127 funds opened positions while 657 raised stakes. 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Milestone Grp invested in 289 shares. Profund Advsr Lc stated it has 47,710 shares. Ejf Capital Llc, a Virginia-based fund reported 600 shares. Moreover, Fiduciary Finance Ser Of The Southwest Tx has 1.34% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 4,645 shares. Mackenzie Financial Corporation accumulated 10,654 shares or 0.06% of the stock. Motco owns 76 shares. Kentucky Retirement Fund holds 10,490 shares. Da Davidson Com owns 18,156 shares for 0.34% of their portfolio. First Foundation Advisors reported 7,644 shares. Jones Collombin Investment Counsel holds 1.02% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 3,125 shares. Moore Cap Mgmt Limited Partnership has 170,500 shares for 3.17% of their portfolio. Atika Mngmt Lc has invested 0.99% in Amazon.com, Inc. (NASDAQ:AMZN). Seabridge Invest Advsr Ltd Company holds 277 shares. New Jersey Better Educational Savings accumulated 3,600 shares. 370 were reported by Yorktown Mngmt Research Co.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 23. They expect $0.88 EPS, up 2.33% or $0.02 from last year’s $0.86 per share. VZ’s profit will be $3.59B for 14.66 P/E if the $0.88 EPS becomes a reality. After $0.98 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Dorsey & Whitney Trust Company Llc increased Schlumberger Ltd (NYSE:SLB) stake by 5,803 shares to 95,454 valued at $6.66 million in 2017Q3. It also upped Snap On Inc (NYSE:SNA) stake by 2,554 shares and now owns 13,824 shares. Alphabet Inc Cl C was raised too.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold. Therefore 23% are positive. Verizon Communications Inc. had 64 analyst reports since July 22, 2015 according to SRatingsIntel. SunTrust maintained Verizon Communications Inc. (NYSE:VZ) on Friday, October 20 with “Hold” rating. Citigroup maintained it with “Neutral” rating and $54 target in Monday, March 14 report. The firm earned “Outperform” rating on Wednesday, October 21 by FBR Capital. The firm has “Hold” rating by RBC Capital Markets given on Friday, May 26. The firm earned “Hold” rating on Monday, September 7 by Zacks. The rating was maintained by Robert W. Baird with “Hold” on Wednesday, October 4. The company was maintained on Friday, October 6 by Jefferies. The firm has “Neutral” rating given on Thursday, February 4 by DA Davidson. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Equal Weight” rating by Barclays Capital on Thursday, April 13. Bank of America maintained it with “Buy” rating and $52 target in Friday, October 20 report.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It has no change, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. 132,672 were accumulated by Fulton Bankshares Na. Cap One National Association invested 0.39% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Miller Investment Mngmt Limited Partnership reported 0.62% in Verizon Communications Inc. (NYSE:VZ). New Jersey Better Educational Savings Tru has invested 0.92% in Verizon Communications Inc. (NYSE:VZ). Ruggie Capital Gp owns 6,658 shares for 0.21% of their portfolio. Punch And Associates Investment Management has invested 0.45% in Verizon Communications Inc. (NYSE:VZ). Willis Counsel invested 1.25% in Verizon Communications Inc. (NYSE:VZ). Management Of Virginia Limited Liability Company holds 6,246 shares. Focused Wealth invested in 0.24% or 14,480 shares. Wesbanco Savings Bank accumulated 0.76% or 292,905 shares. Nelson Van Denburg And Campbell Wealth Limited Liability Company has invested 0.4% in Verizon Communications Inc. (NYSE:VZ). Assetmark Inc invested 0.32% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Fiduciary Tru stated it has 0.39% in Verizon Communications Inc. (NYSE:VZ). Moreover, Summit Fin Wealth Advisors Ltd Com has 0.51% invested in Verizon Communications Inc. (NYSE:VZ). 75,499 are owned by Abner Herrman And Brock Limited Co.

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