First American Bank Cut Its Holding in Verizon Communications (VZ) by $2.04 Million; Bessemer Group Has Lowered Aflac (AFL) Holding by $6.17 Million

February 25, 2018 - By Vivian Park

First American Bank decreased its stake in Verizon Communications (VZ) by 52.46% based on its latest 2017Q3 regulatory filing with the SEC. First American Bank sold 41,645 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 37,746 shares of the telecommunications equipment company at the end of 2017Q3, valued at $1.87M, down from 79,391 at the end of the previous reported quarter. First American Bank who had been investing in Verizon Communications 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 26.37 million 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.

Bessemer Group Inc decreased its stake in Aflac Inc (AFL) by 92.2% based on its latest 2017Q3 regulatory filing with the SEC. Bessemer Group Inc sold 76,138 shares as the company’s stock rose 3.90% with the market. The institutional investor held 6,439 shares of the accident &health insurance company at the end of 2017Q3, valued at $523,000, down from 82,577 at the end of the previous reported quarter. Bessemer Group Inc who had been investing in Aflac Inc for a number of months, seems to be less bullish one the $34.97B market cap company. The stock increased 1.17% or $1.04 during the last trading session, reaching $89.57. About 1.58M shares traded. Aflac Incorporated (NYSE:AFL) has risen 7.68% since February 25, 2017 and is uptrending. It has underperformed by 9.02% the S&P500.

Among 19 analysts covering Aflac Incorporated (NYSE:AFL), 3 have Buy rating, 4 Sell and 12 Hold. Therefore 16% are positive. Aflac Incorporated had 52 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was upgraded by Wood on Thursday, August 27 to “Market Perform”. Sandler O’Neill maintained Aflac Incorporated (NYSE:AFL) rating on Thursday, February 1. Sandler O’Neill has “Hold” rating and $95.0 target. The stock of Aflac Incorporated (NYSE:AFL) earned “Sell” rating by Citigroup on Tuesday, September 26. The stock has “Hold” rating by Wells Fargo on Thursday, July 27. On Friday, December 9 the stock rating was downgraded by RBC Capital Markets to “Underperform”. The rating was maintained by Raymond James with “” on Wednesday, April 19. The company was maintained on Monday, July 10 by RBC Capital Markets. The company was maintained on Monday, October 9 by RBC Capital Markets. The rating was upgraded by Macquarie Research on Thursday, April 14 to “Outperform”. RBC Capital Markets maintained the shares of AFL in report on Monday, May 1 with “Underperform” rating.

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.08, from 0.97 in 2017Q2. It turned negative, as 44 investors sold AFL shares while 297 reduced holdings. 73 funds opened positions while 232 raised stakes. 250.65 million shares or 1.32% less from 254.01 million shares in 2017Q2 were reported. Moreover, Kentucky Retirement has 0.15% invested in Aflac Incorporated (NYSE:AFL). Daiwa Securities Grp has invested 0.02% of its portfolio in Aflac Incorporated (NYSE:AFL). Community Bank Na holds 0.01% or 1,000 shares. Smith Howard Wealth Mngmt Limited Liability Company holds 10,720 shares or 0.41% of its portfolio. Nuance Invs Ltd Llc invested in 0.72% or 128,016 shares. Moreover, Mirae Asset Glob Invs Com Limited has 0.12% invested in Aflac Incorporated (NYSE:AFL) for 82,487 shares. Balyasny Asset Management Lc holds 0.13% of its portfolio in Aflac Incorporated (NYSE:AFL) for 410,168 shares. Northwestern Mutual Wealth Mngmt Company has 0.04% invested in Aflac Incorporated (NYSE:AFL) for 61,324 shares. 36 were reported by Hudock Capital Ltd Com. Segall Bryant Hamill Ltd Company holds 24,220 shares or 0.05% of its portfolio. Tuttle Tactical Ltd Liability Company stated it has 0.54% of its portfolio in Aflac Incorporated (NYSE:AFL). Kopp Invest Advisors Ltd Liability has 0.78% invested in Aflac Incorporated (NYSE:AFL) for 10,466 shares. Investec Asset North America Incorporated invested in 24,126 shares or 0.33% of the stock. Amalgamated Retail Bank reported 44,688 shares stake. Hightower Advisors owns 48,929 shares.

Analysts await Aflac Incorporated (NYSE:AFL) to report earnings on April, 26. They expect $1.91 EPS, up 14.37% or $0.24 from last year’s $1.67 per share. AFL’s profit will be $745.77M for 11.72 P/E if the $1.91 EPS becomes a reality. After $1.60 actual EPS reported by Aflac Incorporated for the previous quarter, Wall Street now forecasts 19.38% EPS growth.

Bessemer Group Inc, which manages about $25.06B US Long portfolio, upped its stake in Pioneer Natural Resources (NYSE:PXD) by 29,488 shares to 66,238 shares, valued at $9.77M in 2017Q3, according to the filing. It also increased its holding in Halliburton Co. (NYSE:HAL) by 94,845 shares in the quarter, for a total of 287,689 shares, and has risen its stake in Visa Inc (NYSE:V).

Since September 19, 2017, it had 2 insider purchases, and 6 selling transactions for $4.42 million activity. Another trade for 550 shares valued at $49,022 was made by MOSKOWITZ JOSEPH L on Tuesday, February 20. CLONINGER KRISS III sold $2.10M worth of stock or 25,000 shares. AMOS DANIEL P had sold 24,983 shares worth $2.24 million. $25,907 worth of Aflac Incorporated (NYSE:AFL) shares were sold by TILLMAN AUDREY B. HUDSON ELIZABETH J had sold 1,279 shares worth $107,132 on Thursday, September 21. JOHNSON DOUGLAS WAYNE sold $125,363 worth of stock or 1,500 shares.

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.

Investors sentiment is 0.88 in 2017 Q3. 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. Cubic Asset Management Limited Com reported 37,110 shares. Stonebridge Advsrs Limited Liability Corp accumulated 92,542 shares. Westport Asset Mgmt reported 0.03% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Strategy Asset Managers accumulated 0.34% or 33,684 shares. Flossbach Von Storch Ag reported 1.97M shares or 1.02% of all its holdings. Cobblestone Ltd invested 0.13% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Cadence Limited Liability accumulated 278,209 shares or 0.86% of the stock. Kbc Grp Nv holds 744,116 shares or 0.33% of its portfolio. 20,582 were reported by First Interstate Bank & Trust. The Illinois-based Blair William Company Il has invested 0.17% in Verizon Communications Inc. (NYSE:VZ). Asset One Ltd has 6.42 million shares for 0.75% of their portfolio. Moreover, Nelson Roberts Investment Advsr Limited Liability Co has 2.86% invested in Verizon Communications Inc. (NYSE:VZ). Shoker Counsel reported 10,619 shares. Lyons Wealth Mngmt Lc owns 9,554 shares. America First Invest Advsr Ltd reported 533 shares.

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. Bank of America maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, January 24 with “Buy” rating. Bernstein downgraded it to “Market Perform” rating and $55 target in Thursday, April 7 report. RBC Capital Markets maintained the shares of VZ in report on Monday, July 31 with “Sector Perform” rating. The firm has “Hold” rating given on Friday, October 6 by Jefferies. The rating was maintained by RBC Capital Markets with “Hold” on Friday, October 20. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Wednesday, October 21 by Citigroup. The company was downgraded on Monday, January 23 by Wells Fargo. The firm has “Neutral” rating given on Friday, April 1 by Moffet Nathanson. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Sunday, September 17. RBC Capital Markets has “Hold” rating and $50.0 target. Citigroup maintained it with “Neutral” rating and $54 target in Monday, March 14 report.

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