Canal Capital Management LLC Buys 6694 Shares of Verizon Communications Inc. (VZ)

Gladys Abbott
August 12, 2017

New York State Teachers Retirement System reports that it sold 200,601 shares in the previous quarter decreasing its holdings in Verizon Communications Inc.by 2.8%.

Several analysts have released their opinion on Verizon Communications Inc. The relative volume of the stock is 0.84, while its market cap is $194.69 Billion.

About 257,887 shares traded. Verizon Communications Inc. announced a dividend that was paid on Tuesday August 1st, 2017. It has underperformed by 25.18% the S&P500. (NYSE:VZ) Tracking Customers History" published on August 02, 2017, Investorplace.com published: "Verizon Communications Inc. The stock was sold at an average price of $47.74, for a total transaction of $29,121.40. The Reaves W H & Company Inc holds 1.69 million shares with $90.27 million value, down from 1.85M last quarter.

Since February 14, 2017, it had 0 insider purchases, and 7 selling transactions for $3.60 million activity. About 125 shares traded. HSBC Holdings plc (ADR) (NYSE:HSBC) has risen 38.28% since August 10, 2016 and is uptrending. It has underperformed by 7.49% the S&P500. Verizon Communications Inc. has a 52 week low of $42.80 and a 52 week high of $54.83. (NYSE:VZ) earned "Hold" rating by Barclays Capital on Friday, July 14. Therefore 0 are positive. On average, equities analysts forecast that Verizon Communications Inc. will post $3.79 EPS for the current year. While looking the figure depicted by the Price to Earning we can suggest that the shares of Verizon Communications Inc. (NYSE:VZ). 369,560 are held by Hermes Invest Management Ltd. (NYSE:VZ). Herndon Capital Mngmt Ltd Com holds 2.11% of its portfolio in Verizon Communications Inc. (NYSE:VZ) or 27,800 shares. The firm has "Hold" rating by Argus Research given on Friday, April 21. Clark Estates Inc who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $195.89 billion market cap company. The firm has "Mkt Perform" rating by Raymond James given on Wednesday, January 25. On Monday, January 25 the stock rating was maintained by RBC Capital Markets with "Outperform". 10,804 Verizon Communications Inc. (NYSE:VZ) on Tuesday, August 11 to "Buy" rating. Jefferies downgraded the shares of VZ in report on Thursday, April 7 to "Hold" rating.

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In related news, EVP Craig L. Silliman sold 610 shares of Verizon Communications stock in a transaction that occurred on Tuesday, June 27th. It holds investments in various sectors, such as air freight and logistics, auto components, banks, beverages, biotechnology, capital markets, chemicals, communications equipment, containers and packaging, distributors, diversified telecommunication services, electric utilities, electrical equipment, energy equipment and services, equity real estate investment trusts, food products, healthcare equipment and services, household durables, Internet software and services, machinery, semiconductors and semiconductor equipment, software, specialty retail, tobacco, pharmaceuticals, road and rail, multi-utilities, Internet and direct marketing retail, and information technology services. (NYSE:VZ) shares were sold by Gurnani Roger. Macquarie restated a "neutral" rating and set a $49.00 target price (down from $50.00) on shares of Verizon Communications in a research note on Sunday, April 23rd. (NYSE:VZ) shares were sold by WALDEN MARNI M. It increased, as 60 investors sold VZ shares while 658 reduced holdings. 115 funds opened positions while 683 raised stakes. The consensus recommendation is the average rating on a stock by the analyst community. Punch Associate Invest Management has invested 0.55% in Verizon Communications Inc. The original version of this news story can be accessed at https://www.thestockobserver.com/2017/08/12/signaturefd-llc-increases-position-in-verizon-communications-inc-nysevz.html. (NYSE:VZ). Profund holds 172,417 shares. Dumont Blake Invest reported 15,060 shares. 69,568 are owned by Pnc Financial Services Grp Inc. 132.69 million shares or 0.05% less from 132.76 million shares in 2016Q3 were reported. Qs Investors Lc owns 2,910 shares or 0% of their United States portfolio. Atlas Browninc has invested 0.17% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Stearns Fincl Serv Gru reported 48,747 shares. Finally, Proficio Capital Partners LLC raised its position in shares of Verizon Communications by 139.8% in the first quarter.

Edge Asset Management Inc decreased Aarons Inc (NYSE:AAN) stake by 32,997 shares to 710,195 valued at $22.72M in 2016Q4.

Natixis increased Harley Davidson Inc (NYSE:HOG) stake by 18,871 shares to 34,388 valued at $2.01 million in 2016Q4. Cys Invts Inc (NYSE:CYS) was reduced too. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. HSBC Holdings had 18 analyst reports since September 30, 2015 according to SRatingsIntel. The firm has "Hold" rating given on Friday, August 7 by Deutsche Bank. The company was maintained on Wednesday, October 21 by Citigroup. The company was upgraded on Friday, August 14 by Zacks. (NYSE:VZ) rating on Monday, July 31.

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