Cypress Capital Group Cut By $804,804 Its Verizon Communications (VZ) Stake; Hargreaves Services plc (LON:HSP) Had 2 Bullish Analysts

November 14, 2017 - By Winifred Garcia

Cypress Capital Group decreased Verizon Communications Inc (VZ) stake by 16.44% reported in 2017Q2 SEC filing. Cypress Capital Group sold 18,291 shares as Verizon Communications Inc (VZ)’s stock declined 7.66%. The Cypress Capital Group holds 92,954 shares with $4.15 million value, down from 111,245 last quarter. Verizon Communications Inc now has $180.70B valuation. The stock declined 0.95% or $0.43 reaching $44.29 per share. About 9.36M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since November 14, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Among 3 analysts covering Hargreaves Services PLC (LON:HSP), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Hargreaves Services PLC had 10 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Corporate” rating by N+1 Singer on Thursday, March 30. The rating was maintained by Jefferies with “Hold” on Tuesday, December 15. Jefferies maintained the shares of HSP in report on Thursday, October 15 with “Hold” rating. The stock of Hargreaves Services plc (LON:HSP) has “Corporate” rating given on Thursday, December 22 by N+1 Singer. The company was maintained on Tuesday, August 11 by N+1 Singer. The firm earned “Corporate” rating on Monday, October 3 by N+1 Singer. Investec maintained the shares of HSP in report on Tuesday, August 8 with “Buy” rating. Investec maintained the stock with “Buy” rating in Wednesday, July 5 report. The firm has “Corporate” rating by N+1 Singer given on Wednesday, February 15. The stock has “Corporate” rating by N+1 Singer on Tuesday, February 16. See Hargreaves Services plc (LON:HSP) latest ratings:

08/08/2017 Broker: Investec Rating: Buy New Target: GBX 491.00 Maintain
05/07/2017 Broker: Investec Rating: Buy New Target: GBX 465.00 Maintain

The stock decreased 1.35% or GBX 4.75 on November 14, reaching GBX 346.5. About 2,146 shares traded. Hargreaves Services plc (LON:HSP) has 0.00% since November 14, 2016 and is . It has underperformed by 16.70% the S&P500.

Hargreaves Services plc is engaged in sourcing, producing, processing, handling and transporting carbon and other bulk materials throughout the United Kingdom and Europe. The company has market cap of 111.23 million GBP. The Company’s principal activities are the provision of haulage services, waste transportation, mineral import, mining and processing, together with specialist earthworks and related activities. It has a 22.06 P/E ratio. The Company’s divisions include Coal Distribution, Industrial Services, Logistics and Specialist Earthworks.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.12, from 1 in 2017Q1. It worsened, as 90 investors sold VZ shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported. Polaris Cap Management Limited invested in 89,400 shares. Johnson Counsel Inc invested in 0.17% or 135,926 shares. Advisory invested in 26,665 shares or 0.02% of the stock. Citadel Advisors Ltd Liability Corp holds 5.91M shares or 0.22% of its portfolio. Smithfield Trust Commerce reported 0.27% in Verizon Communications Inc. (NYSE:VZ). Moreover, Sterneck Cap Limited Liability Com has 3.1% invested in Verizon Communications Inc. (NYSE:VZ) for 115,896 shares. Linscomb Williams stated it has 93,226 shares or 0.37% of all its holdings. The South Carolina-based Verity Verity Lc has invested 1.91% in Verizon Communications Inc. (NYSE:VZ). Bank Of The Ozarks, Arkansas-based fund reported 74,828 shares. 38.97M were reported by Geode Management Limited. Bouchey Fincl Grp Incorporated Ltd reported 8,434 shares stake. Etrade Mgmt Limited Co owns 160,262 shares. Jpmorgan Chase & holds 25.33 million shares. 10,602 are owned by Phocas Fincl Corp. Rhumbline Advisers holds 6.91 million shares or 0.7% of its portfolio.

Cypress Capital Group increased Home Depot Inc (NYSE:HD) stake by 2,854 shares to 22,703 valued at $3.48M in 2017Q2. It also upped Walgreens Boots Alliance Inc stake by 6,695 shares and now owns 10,513 shares. Wells Fargo & Co (NYSE:WFC) 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 57 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Bank of America on Friday, October 20. The firm has “Hold” rating by Jefferies given on Friday, October 6. Scotia Capital maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, October 21. Scotia Capital has “Sector Outperform” rating and $51 target. The firm has “Neutral” rating given on Friday, October 16 by Nomura. The rating was maintained by SunTrust on Friday, October 20 with “Hold”. The rating was downgraded by FBR Capital to “Mkt Perform” on Wednesday, January 25. As per Monday, January 25, the company rating was maintained by RBC Capital Markets. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by Argus Research on Friday, April 21. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, April 18. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, July 31.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 23. They expect $0.88 earnings per share, up 2.33% or $0.02 from last year’s $0.86 per share. VZ’s profit will be $3.59 billion for 12.58 P/E if the $0.88 EPS becomes a reality. After $0.98 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Since May 30, 2017, it had 0 buys, and 1 insider sale for $27,657 activity. 610 shares were sold by SILLIMAN CRAIG L., worth $27,657.

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