Economy

Crossmark Global Holdings Inc. Has $27.47 Million Stake in Verizon Communications (VZ)

Vetr upgraded shares of Verizon Communications from a "hold" rating to a "buy" rating and set a $54.80 target price for the company in a report on Monday, February 5th. The Louisiana State Employees Retirement System holds 247,000 shares with $13.07 million value, down from 254,700 last quarter. Verizon Communications now has $200.89 billion valuation. The stock witnessed 1.84% gains, -2.53% declines and 6.95% gains for the 1-month, 3-month and 6-month period, respectively. About 22.87 million shares traded or 39.32% up from the average.

Analysts expect Verizon Communications (NYSE:VZ) to report earnings per share (EPS) of $1.11 for the current fiscal quarter, Zacks Investment Research reports. The stock underperformed the S&P 500 by 15.27%. That's change of 0.14, from 2017Q3's 0.88. Acg Wealth reported 42,277 shares or 0.33% of all its holdings. Also, the number of hedge funds holding Anixter International Inc in top ten positions was flat from 0 to 0 for the same number.

Fagan Associates Inc, which manages about $226.97 million and $247.09M US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 2,340 shares to 22,300 shares, valued at $3.85M in 2017Q4, according to the filing. Sawgrass Asset Management Llc has cut its stake in Verisk Analytics Inc (NASDAQ:VRSK) and also reduced its holding in Nike Inc. Cl B. Disney Walt Co (NYSE:DIS) was raised too. During the same quarter last year, the company earned $0.95 earnings per share. equities research analysts anticipate that Verizon Communications will post 4.57 EPS for the current year. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the stock. Therefore 48% are positive. William Blair reissued a "market perform" rating on shares of Verizon Communications in a report on Wednesday, April 25th. The rating was maintained by KeyBanc Capital Markets with "Sector Weight" on Tuesday, January 2. On Wednesday, February 28 the firm has "Buy" rating given by Moffett Nathanson. The rating was maintained by RBC Capital Markets with "Hold" on Friday, October 20. (NYSE:VZ) has "Hold" rating given by SunTrust. On Wednesday, January 24 Robert W. Baird maintained the shares of VZ in report with "Hold" rating. (NYSE:VZ) rating. SunTrust has "Hold" rating and $52.0 target. The stock rating was upgraded by UBS to "Buy" on Wednesday, April 25.

Big Money 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 bought positions and 592 increased positions. Waverton Investment Mgmt Ltd has 230,684 shares. Deutsche Retail Bank Ag reported 20.81 million shares. Monetary Mngmt Grp Inc reported 17,143 shares. Ferguson Wellman Management invested 0.21% of its capital in 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: "Verizon to repurchase debt securities" published on May 11, 2018, Benzinga.com published: "JPMorgan: Verizon On "Stable Footing" As 5G Opportunity Crystallizes" on May 11, 2018. Sandy Spring Bankshares has invested 1.01% of its capital in Verizon Communications Inc. (NYSE:VZ). Mercer Advisers owns 11,880 shares. Federated Inc Pa reported 3.25% in Verizon Communications Inc. Advisory Svcs Ntwk Ltd Co holds 0.58% or 125,409 shs in its capital. Transamerica invested in 13,868 shs or 0.1% of the stock. (NYSE:VZ), so far this year is at -5.14%. Verizon Communications had a return on equity of 42.62% and a net margin of 24.37%. (NYSE:VZ). The Maryland-based Mount Vernon Associates Md has invested 1.79% in Verizon Communications Inc. (NYSE:VZ) has 68% bullish analysts. Bank of America maintained Verizon Communications Inc. The firm has "Buy" rating by Drexel Hamilton given on Monday, October 24. Shine Investment Advisory Ser has invested 0.03% in Verizon Communications Inc. (NYSE:VZ) for 48,500 shares. Moreover, Burney has 1.57% invested in Verizon Communications Inc. (NYSE:VZ) earned "Neutral" rating by Moffett Nathanson. Exane Derivatives purchased a new position in shares of Verizon Communications in the 4th quarter valued at about $103,000. (NYSE:VZ) news brought out briefly go to: Globenewswire.com, Globenewswire.com, Fool.com, 247Wallst.com or Globenewswire.com. (NYSE:VZ) were released by: Globenewswire.com and their article: "Verizon announces ThingSpace Ready, a program to help get cellular IoT solutions to market quickly, reliably and cost ..." published on May 14, 2018 as well as 247Wallst.com's news article titled: "Is Verizon Back on Track?" with publication date: April 24, 2018.

Price to sales ratio was 0.69 while Price to sales book ratio stands at 2.27.



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