Verizon Communications Com (VZ) Holder Leavell Investment Management Trimmed Position as Share Value Declined; Lee Danner & Bass Trimmed Holding in Accenture LTD (ACN) as Market Value Declined

April 21, 2018 - By Hazel Jackson

Accenture plc (NYSE:ACN) Logo

Lee Danner & Bass Inc decreased its stake in Accenture Ltd (ACN) by 1.23% based on its latest 2017Q4 regulatory filing with the SEC. Lee Danner & Bass Inc sold 2,221 shares as the company’s stock declined 3.27% with the market. The institutional investor held 177,757 shares of the business services company at the end of 2017Q4, valued at $27.21M, down from 179,978 at the end of the previous reported quarter. Lee Danner & Bass Inc who had been investing in Accenture Ltd for a number of months, seems to be less bullish one the $98.01B market cap company. The stock decreased 1.41% or $2.18 during the last trading session, reaching $152.41. About 2.30 million shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since April 21, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Leavell Investment Management Inc decreased its stake in Verizon Communications Com (VZ) by 14.32% based on its latest 2017Q4 regulatory filing with the SEC. Leavell Investment Management Inc sold 10,485 shares as the company’s stock declined 11.05% with the market. The institutional investor held 62,738 shares of the telecommunications equipment company at the end of 2017Q4, valued at $3.32 million, down from 73,223 at the end of the previous reported quarter. Leavell Investment Management Inc who had been investing in Verizon Communications Com for a number of months, seems to be less bullish one the $197.73 billion market cap company. The stock decreased 1.09% or $0.53 during the last trading session, reaching $47.9. About 18.22 million shares traded or 6.33% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since April 21, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Lee Danner & Bass Inc, which manages about $1.12 billion and $983.84M US Long portfolio, upped its stake in Brookdale Sr Living Inc (NYSE:BKD) by 177,797 shares to 1.13 million shares, valued at $10.94M in 2017Q4, according to the filing. It also increased its holding in Celgene Corp. (NASDAQ:CELG) by 5,518 shares in the quarter, for a total of 10,751 shares, and has risen its stake in Merck & Company Inc. (NYSE:MRK).

Analysts await Accenture plc (NYSE:ACN) to report earnings on June, 28. They expect $1.71 EPS, up 12.50% or $0.19 from last year’s $1.52 per share. ACN’s profit will be $1.10 billion for 22.28 P/E if the $1.71 EPS becomes a reality. After $1.58 actual EPS reported by Accenture plc for the previous quarter, Wall Street now forecasts 8.23% EPS growth.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 96 analyst reports since August 12, 2015 according to SRatingsIntel. JP Morgan maintained it with “Overweight” rating and $121 target in Monday, March 28 report. The rating was maintained by Barclays Capital with “Equalweight” on Thursday, July 7. Wedbush maintained Accenture plc (NYSE:ACN) on Thursday, March 30 with “Outperform” rating. The firm has “Outperform” rating by Cowen & Co given on Tuesday, May 31. The firm earned “Buy” rating on Tuesday, September 19 by Cowen & Co. The company was initiated on Friday, October 16 by Cantor Fitzgerald. As per Tuesday, October 3, the company rating was downgraded by Susquehanna. The company was maintained on Monday, March 27 by Credit Suisse. The stock of Accenture plc (NYSE:ACN) has “Buy” rating given on Monday, October 23 by Cowen & Co. The firm has “Hold” rating given on Friday, September 1 by Robert W. Baird.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.07, from 1 in 2017Q3. It dropped, as 46 investors sold ACN shares while 393 reduced holdings. 108 funds opened positions while 300 raised stakes. 456.89 million shares or 1.00% less from 461.53 million shares in 2017Q3 were reported. Hourglass Capital Limited Company accumulated 2,500 shares or 0.09% of the stock. Stevens Capital Mngmt Ltd Partnership invested in 69,205 shares. Texas Permanent School Fund accumulated 0.32% or 168,705 shares. Fincl Bank has 33,990 shares for 0.56% of their portfolio. 2,200 are owned by Pecaut & Company. Middleton & Ma stated it has 0.18% of its portfolio in Accenture plc (NYSE:ACN). Moneta Gp Advsrs Limited Company owns 6 shares for 0% of their portfolio. Exchange Cap Inc holds 0.9% in Accenture plc (NYSE:ACN) or 16,364 shares. Citadel Advisors Ltd Liability Company holds 0.02% or 169,184 shares in its portfolio. Commerzbank Aktiengesellschaft Fi holds 37,466 shares. Brown Advisory invested in 0.53% or 1.09M shares. 1,825 were accumulated by Hills Commercial Bank &. Duff And Phelps Investment Mngmt Co invested 0.01% of its portfolio in Accenture plc (NYSE:ACN). Lowe Brockenbrough And Inc, a Virginia-based fund reported 5,386 shares. Lee Danner And Bass invested in 2.77% or 177,757 shares.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on April, 24 before the open. They expect $1.11 EPS, up 16.84% or $0.16 from last year’s $0.95 per share. VZ’s profit will be $4.58B for 10.79 P/E if the $1.11 EPS becomes a reality. After $0.86 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 29.07% EPS growth.

Among 29 analysts covering Verizon Communications Inc. (NYSE:VZ), 10 have Buy rating, 0 Sell and 19 Hold. Therefore 34% are positive. Verizon Communications Inc. had 77 analyst reports since July 22, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Hold” rating in Thursday, July 27 report. The firm has “Mkt Perform” rating by Raymond James given on Wednesday, January 25. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Friday, October 20 by Bank of America. The firm has “Hold” rating by SunTrust given on Friday, October 20. On Tuesday, December 12 the stock rating was upgraded by Nomura to “Buy”. Zacks upgraded the stock to “Hold” rating in Friday, August 14 report. The firm earned “Neutral” rating on Wednesday, October 21 by Citigroup. The firm has “Buy” rating given on Wednesday, January 24 by Bank of America. The firm earned “Hold” rating on Monday, September 18 by Cowen & Co. The firm earned “Sector Weight” rating on Tuesday, January 2 by KeyBanc Capital Markets.

Since October 27, 2017, it had 0 insider buys, and 2 sales for $376,615 activity. SILLIMAN CRAIG L. sold $29,658 worth of stock.

Verizon Communications Inc. (NYSE:VZ) Institutional Positions Chart

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