Reaves W H & Company Has Lowered Its Verizon Communications Com (VZ) Position by $15.90 Million; Market Value Declined; Hyman Charles D Decreased Its Holding in Wells Fargo Co New (WFC) by $428,010 as Shares Declined

February 24, 2018 - By Dolores Ford

Reaves W H & Company Inc decreased its stake in Verizon Communications Com (VZ) by 17.25% based on its latest 2017Q3 regulatory filing with the SEC. Reaves W H & Company Inc sold 324,436 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 1.56 million shares of the telecommunications equipment company at the end of 2017Q3, valued at $77.01M, down from 1.88M at the end of the previous reported quarter. Reaves W H & Company Inc who had been investing in Verizon Communications Com for a number of months, seems to be less bullish one the $196.98 billion market cap company. The stock increased 0.88% or $0.42 during the last trading session, reaching $48.29. About 26.37M shares traded or 46.46% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 24, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Hyman Charles D decreased its stake in Wells Fargo Co New (WFC) by 4.02% based on its latest 2017Q3 regulatory filing with the SEC. Hyman Charles D sold 7,782 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 185,753 shares of the major banks company at the end of 2017Q3, valued at $10.24 million, down from 193,535 at the end of the previous reported quarter. Hyman Charles D who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $289.44B market cap company. The stock increased 0.61% or $0.36 during the last trading session, reaching $59.17. About 21.10 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 24, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Reaves W H & Company Inc, which manages about $3.03B and $2.76B US Long portfolio, upped its stake in Dominion Res Va New Com (NYSE:D) by 37,650 shares to 589,910 shares, valued at $45.38 million in 2017Q3, according to the filing. It also increased its holding in Time Warner Inc. (NYSE:TWX) by 146,452 shares in the quarter, for a total of 507,372 shares, and has risen its stake in Crown Castle Intl Corp New (NYSE:CCI).

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is flat, 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. Family Firm Inc reported 4,505 shares stake. Aviance Capital Ptnrs Ltd Liability Com holds 0.07% or 4,464 shares in its portfolio. Arvest Bancorporation Tru Division reported 147,698 shares or 0.52% of all its holdings. Alphamark Advsrs Ltd has invested 1.35% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Bancshares Of Hawaii has invested 0.67% in Verizon Communications Inc. (NYSE:VZ). Ami Asset Mgmt Corporation has 267,586 shares for 0.94% of their portfolio. Cls Invests has invested 0% in Verizon Communications Inc. (NYSE:VZ). Neuberger Berman Group Inc Ltd Liability Com reported 609,691 shares. Mufg Americas reported 600,641 shares. First Advsrs Lp invested in 3.24M shares. Raab Moskowitz Asset Mngmt Limited has invested 1.57% in Verizon Communications Inc. (NYSE:VZ). Indiana & Mngmt stated it has 43,765 shares or 1.04% of all its holdings. 1832 Asset Management LP invested 1.07% in Verizon Communications Inc. (NYSE:VZ). Cadinha Ltd Limited Liability Company reported 16,619 shares. Griffin Asset Mngmt, New York-based fund reported 117,393 shares.

Among 28 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 21 Hold. Therefore 25% are positive. Verizon Communications Inc. had 74 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was initiated by HSBC with “Buy” on Thursday, January 19. The company was initiated on Thursday, February 4 by DA Davidson. Nomura upgraded Verizon Communications Inc. (NYSE:VZ) rating on Tuesday, December 12. Nomura has “Buy” rating and $61.0 target. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Market Perform” rating by Wells Fargo on Monday, January 23. Argus Research maintained the stock with “Buy” rating in Wednesday, October 21 report. The company was maintained on Sunday, September 17 by RBC Capital Markets. On Tuesday, August 11 the stock rating was upgraded by MoffettNathanson to “Neutral”. The firm has “Outperform” rating given on Wednesday, October 21 by FBR Capital. The rating was maintained by Cowen & Co with “Hold” on Tuesday, July 18. The company was upgraded on Monday, November 20 by Wells Fargo.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on April, 19. They expect $1.09 earnings per share, up 14.74% or $0.14 from last year’s $0.95 per share. VZ’s profit will be $4.45B for 11.08 P/E if the $1.09 EPS becomes a reality. After $0.86 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 26.74% EPS growth.

Since August 28, 2017, it had 0 insider purchases, and 3 selling transactions for $406,645 activity. $346,957 worth of Verizon Communications Inc. (NYSE:VZ) shares were sold by Skiadas Anthony T.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on April, 12. They expect $1.07 EPS, up 7.00% or $0.07 from last year’s $1 per share. WFC’s profit will be $5.23B for 13.82 P/E if the $1.07 EPS becomes a reality. After $0.97 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 10.31% EPS growth.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It turned negative, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Ontario Teachers Pension Plan Board stated it has 278,719 shares. 608,025 are held by Van Den Berg I. M&T Commercial Bank holds 0.5% or 1.67M shares. Enterprise Fincl Service holds 0.11% or 4,010 shares. 131,884 are owned by Pillar Pacific Limited Com. Grantham Mayo Van Otterloo & Communications Lc reported 4.45M shares. Moreover, Edge Wealth Mngmt Ltd Liability Corp has 0.44% invested in Wells Fargo & Company (NYSE:WFC) for 26,502 shares. Sii Investments Incorporated Wi holds 0.48% or 152,713 shares in its portfolio. Guggenheim Capital Limited Liability Corporation invested in 0.2% or 1.57 million shares. Argent Cap Mngmt Limited Co holds 0.83% or 390,357 shares in its portfolio. Argent Trust Co accumulated 78,678 shares or 1.19% of the stock. First National Bank invested in 1.09% or 117,193 shares. Moreover, Blume Capital Mgmt Inc has 3.83% invested in Wells Fargo & Company (NYSE:WFC) for 131,479 shares. Check Cap Management Inc Ca holds 4.66% in Wells Fargo & Company (NYSE:WFC) or 2.83 million shares. Cypress Capital Management Llc invested 0.23% of its portfolio in Wells Fargo & Company (NYSE:WFC).

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Wells Fargo & Company (NYSE:WFC) has “Market Perform” rating given on Monday, October 16 by BMO Capital Markets. The firm has “Neutral” rating by Piper Jaffray given on Tuesday, November 24. The rating was maintained by RBC Capital Markets with “Buy” on Monday, November 13. Susquehanna downgraded the shares of WFC in report on Thursday, December 1 to “Neutral” rating. Guggenheim maintained the shares of WFC in report on Thursday, October 15 with “Buy” rating. The firm has “Hold” rating given on Wednesday, January 18 by Argus Research. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Thursday, September 22 by Deutsche Bank. The firm earned “Buy” rating on Wednesday, August 30 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, September 8 by Evercore. BMO Capital Markets maintained Wells Fargo & Company (NYSE:WFC) on Friday, October 6 with “Hold” rating.

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