Edge Wealth Management Holding in Verizon Communications (VZ) Cut by $801,297; Dynamo Internacional Gestao De Recursos Ltda Has Decreased Its Signet Jewelers Limited (SIG) Holding by $1.18 Million; Stock Declined

February 18, 2018 - By Pete Kolinski

Edge Wealth Management Llc decreased its stake in Verizon Communications Inc (VZ) by 5.89% based on its latest 2017Q3 regulatory filing with the SEC. Edge Wealth Management Llc sold 16,353 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 261,374 shares of the telecommunications equipment company at the end of 2017Q3, valued at $12.91 million, down from 277,727 at the end of the previous reported quarter. Edge Wealth Management Llc who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $204.56 billion market cap company. The stock increased 0.82% or $0.41 during the last trading session, reaching $50.15. About 12.26M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 18, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Dynamo Internacional Gestao De Recursos Ltda decreased its stake in Signet Jewelers Limited (SIG) by 3.19% based on its latest 2017Q3 regulatory filing with the SEC. Dynamo Internacional Gestao De Recursos Ltda sold 17,910 shares as the company’s stock declined 20.65% while stock markets rallied. The institutional investor held 543,563 shares of the consumer specialties company at the end of 2017Q3, valued at $36.16 million, down from 561,473 at the end of the previous reported quarter. Dynamo Internacional Gestao De Recursos Ltda who had been investing in Signet Jewelers Limited for a number of months, seems to be less bullish one the $3.11B market cap company. The stock increased 0.18% or $0.09 during the last trading session, reaching $51.33. About 1.62 million shares traded. Signet Jewelers Limited (NYSE:SIG) has declined 46.03% since February 18, 2017 and is downtrending. It has underperformed by 62.73% the S&P500.

Since August 28, 2017, it had 0 insider purchases, and 3 sales for $89,365 activity.

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. On Monday, January 22 the stock rating was upgraded by Scotia Capital to “Buy”. Cowen & Co maintained the shares of VZ in report on Thursday, October 19 with “Hold” rating. The company was maintained on Friday, July 28 by Cowen & Co. Bank of America maintained the shares of VZ in report on Friday, October 20 with “Buy” rating. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Mkt Perform” rating by FBR Capital on Wednesday, January 25. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Tuesday, January 2. The firm earned “Equal-Weight” rating on Monday, April 18 by Barclays Capital. On Monday, January 22 the stock rating was upgraded by Howard Weil to “Sector Outperform”. The rating was downgraded by Oppenheimer on Wednesday, July 20 to “Perform”. The stock has “Hold” rating by Macquarie Research on Thursday, June 15.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is the same, 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. Commerce Bank accumulated 1.10M shares. Confluence Wealth has 24,750 shares for 0.6% of their portfolio. 16.89 million are owned by Swiss Financial Bank. Spirit Of America Management Corporation Ny holds 0.17% or 33,190 shares in its portfolio. Sentinel Asset Inc stated it has 1.17% in Verizon Communications Inc. (NYSE:VZ). 1.97M are held by Flossbach Von Storch Ag. Twin Management owns 0.75% invested in Verizon Communications Inc. (NYSE:VZ) for 288,055 shares. Gillespie Robinson And Grimm Inc reported 17,134 shares. Guyasuta Advsrs owns 0.28% invested in Verizon Communications Inc. (NYSE:VZ) for 47,060 shares. Family Firm Incorporated reported 0.09% in Verizon Communications Inc. (NYSE:VZ). Westfield Mngmt Lp stated it has 1.38M shares or 0.52% of all its holdings. Bb&T Corp holds 0.98% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 1.02 million shares. Ferguson Wellman reported 114,056 shares stake. Arete Wealth Advisors Ltd Llc owns 14,043 shares or 0.28% of their US portfolio. Oakbrook Lc has 0.74% invested in Verizon Communications Inc. (NYSE:VZ) for 231,017 shares.

Edge Wealth Management Llc, which manages about $803.39 million and $330.50 million US Long portfolio, upped its stake in Chesapeake Energy Corp (NYSE:CHK) by 80,000 shares to 82,000 shares, valued at $354,000 in 2017Q3, according to the filing. It also increased its holding in Ishares Us Preferred Stock E (PFF) by 41,660 shares in the quarter, for a total of 321,300 shares, and has risen its stake in Wisdomtree Europe Hedged Equ (HEDJ).

Among 21 analysts covering Signet Jewelers (NYSE:SIG), 8 have Buy rating, 0 Sell and 13 Hold. Therefore 38% are positive. Signet Jewelers had 71 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Signet Jewelers Limited (NYSE:SIG) earned “Market Perform” rating by Telsey Advisory Group on Wednesday, March 1. As per Tuesday, September 13, the company rating was downgraded by Cowen & Co. The stock of Signet Jewelers Limited (NYSE:SIG) earned “Buy” rating by Needham on Tuesday, July 18. The rating was downgraded by Johnson Rice to “Accumulate” on Monday, August 29. Nomura maintained the stock with “Buy” rating in Wednesday, June 21 report. Citigroup downgraded the shares of SIG in report on Friday, August 26 to “Neutral” rating. Wells Fargo maintained Signet Jewelers Limited (NYSE:SIG) rating on Wednesday, August 23. Wells Fargo has “Buy” rating and $97.0 target. The stock of Signet Jewelers Limited (NYSE:SIG) earned “Buy” rating by Needham on Thursday, August 24. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, January 12. The stock of Signet Jewelers Limited (NYSE:SIG) earned “Hold” rating by Cowen & Co on Tuesday, July 18.

Since January 11, 2018, it had 1 buying transaction, and 0 sales for $5.00 million activity.

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