Cypress Asset Management Position in Verizon Communications (VZ) Cut as Shares Declined; Xylem (XYL) Position Has Upped by Andra Ap-Fonden

February 25, 2018 - By Ellis Scott

Andra Ap-Fonden increased its stake in Xylem Inc (XYL) by 76.47% based on its latest 2017Q3 regulatory filing with the SEC. Andra Ap-Fonden bought 11,700 shares as the company’s stock rose 8.81% with the market. The institutional investor held 27,000 shares of the fluid controls company at the end of 2017Q3, valued at $1.69M, up from 15,300 at the end of the previous reported quarter. Andra Ap-Fonden who had been investing in Xylem Inc for a number of months, seems to be bullish on the $13.66B market cap company. The stock increased 1.17% or $0.88 during the last trading session, reaching $75.93. About 443,521 shares traded. Xylem Inc. (NYSE:XYL) has risen 20.76% since February 25, 2017 and is uptrending. It has outperformed by 4.06% the S&P500.

Cypress Asset Management Inc decreased its stake in Verizon Communications Inc (VZ) by 14.94% based on its latest 2017Q3 regulatory filing with the SEC. Cypress Asset Management Inc sold 21,899 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 124,635 shares of the telecommunications equipment company at the end of 2017Q3, valued at $6.17M, down from 146,534 at the end of the previous reported quarter. Cypress Asset Management Inc who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $196.98B 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 44.76% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 25, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on April, 19. They expect $1.09 EPS, 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 EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 26.74% EPS growth.

Since August 28, 2017, it had 0 buys, and 3 insider sales for $406,645 activity. Shares for $346,957 were sold by Skiadas Anthony T on Tuesday, February 13.

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. Old Second Financial Bank Of Aurora reported 77,274 shares or 1.59% of all its holdings. Private Wealth Advsrs stated it has 1.72% in Verizon Communications Inc. (NYSE:VZ). Trustmark National Bank Tru Department has 0.57% invested in Verizon Communications Inc. (NYSE:VZ). Wealthfront Inc has 0.07% invested in Verizon Communications Inc. (NYSE:VZ) for 112,086 shares. Avalon Advisors Ltd holds 1.11% or 702,168 shares in its portfolio. Monetary Group Inc accumulated 18,918 shares. Summit Fincl Wealth Advsr holds 28,140 shares or 0.51% of its portfolio. Sei Invests holds 0.19% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 1.07 million shares. Bancorporation Of New York Mellon has 42.74M shares for 0.58% of their portfolio. Northstar Invest Llc has invested 1.32% in Verizon Communications Inc. (NYSE:VZ). Evanson Asset Mgmt Lc reported 6,492 shares stake. Assetmark Inc has 559,961 shares for 0.32% of their portfolio. Cheviot Value Limited Co, California-based fund reported 16,225 shares. Commonwealth Equity invested in 0.79% or 2.67M shares. Westpac Bk Corporation holds 393,405 shares.

Cypress Asset Management Inc, which manages about $464.60M US Long portfolio, upped its stake in Abbott Labs (NYSE:ABT) by 6,870 shares to 46,863 shares, valued at $2.50M in 2017Q3, according to the filing. It also increased its holding in Nextera Energy Inc (NYSE:NEE) by 31,735 shares in the quarter, for a total of 36,310 shares, and has risen its stake in F M C Corp (NYSE:FMC).

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 maintained by Cowen & Co with “Hold” on Tuesday, July 18. The firm has “Neutral” rating by Macquarie Research given on Tuesday, April 5. The company was downgraded on Thursday, April 7 by Bernstein. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Wednesday, January 24 by Robert W. Baird. The stock has “Hold” rating by RBC Capital Markets on Monday, April 24. The company was maintained on Friday, July 7 by RBC Capital Markets. Nomura initiated it with “Neutral” rating and $47 target in Friday, October 16 report. The firm has “Buy” rating by Scotia Capital given on Monday, January 22. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, September 30. On Thursday, April 13 the stock rating was maintained by Barclays Capital with “Equal Weight”.

Among 20 analysts covering Xylem (NYSE:XYL), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. Xylem had 74 analyst reports since August 3, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Hold” rating and $6300 target in Tuesday, August 1 report. The firm has “Buy” rating given on Thursday, January 21 by Seaport Global. The firm has “Buy” rating given on Wednesday, November 2 by Janney Capital. The stock of Xylem Inc. (NYSE:XYL) has “Outperform” rating given on Friday, February 3 by RBC Capital Markets. Oppenheimer maintained the shares of XYL in report on Tuesday, August 1 with “Buy” rating. The firm earned “Hold” rating on Thursday, February 1 by Robert W. Baird. The rating was maintained by Stifel Nicolaus on Tuesday, July 4 with “Hold”. RBC Capital Markets maintained Xylem Inc. (NYSE:XYL) on Monday, November 6 with “Buy” rating. The stock of Xylem Inc. (NYSE:XYL) earned “Equalweight” rating by Barclays Capital on Monday, July 18. The firm has “Buy” rating given on Wednesday, September 20 by Cowen & Co.

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.19, from 1.2 in 2017Q2. It turned negative, as 25 investors sold XYL shares while 179 reduced holdings. 55 funds opened positions while 151 raised stakes. 146.94 million shares or 0.93% less from 148.32 million shares in 2017Q2 were reported. 35,973 were reported by Columbia Ptnrs L L C Invest Management. Public Employees Retirement Association Of Colorado invested in 0.02% or 33,556 shares. 11,529 are held by Panagora Asset. Guggenheim Ltd Liability Corporation invested 0.18% of its portfolio in Xylem Inc. (NYSE:XYL). Alliancebernstein Lp accumulated 0.08% or 1.65M shares. South State Corporation reported 0.07% stake. 378,850 are owned by Reynders Mcveigh Capital Management Limited Liability Corp. Cypress Asset Tx accumulated 33,020 shares. Zacks Management accumulated 116,301 shares. Buffington Mohr Mcneal invested in 0.25% or 9,725 shares. Parametric Portfolio Assocs Ltd Llc owns 378,343 shares or 0.03% of their US portfolio. New South Management holds 2.19% in Xylem Inc. (NYSE:XYL) or 1.46M shares. Aviva Public Limited Com holds 113,270 shares or 0.04% of its portfolio. Moreover, Webster Bank & Trust N A has 0% invested in Xylem Inc. (NYSE:XYL) for 187 shares. Aureus Asset Management invested 0.07% in Xylem Inc. (NYSE:XYL).

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