Verizonmunications INC (VZ) Position Raised by Swiss National Bank

Verizon Communications Inc. (NYSE:VZ) LogoInvestors sentiment increased to 1.09 in 2018 Q2. Its up 0.12, from 0.97 in 2018Q1. It is positive, as 57 investors sold VZ shares while 629 reduced holdings. 140 funds opened positions while 609 raised stakes. 2.56 billion shares or 0.34% more from 2.55 billion shares in 2018Q1 were reported. Foster Dykema Cabot And Communication Ma holds 4,098 shares. Massachusetts Financial Ma stated it has 0.33% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Livforsakringsbolaget Skandia Omsesidigt accumulated 244,470 shares or 1.12% of the stock. Atlas Browninc stated it has 0.17% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Efg Asset Mgmt (Americas) Corporation owns 7,011 shares. Burke Herbert Bancshares reported 35,235 shares. Piedmont Inv Advisors Limited Liability holds 0.44% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 179,743 shares. Charter Trust reported 103,003 shares. Sterneck Lc holds 1.78% or 51,098 shares. Maryland-based First Bancshares has invested 1.36% in Verizon Communications Inc. (NYSE:VZ). Advisor Ltd Limited Liability Company holds 89,726 shares. 8,624 were reported by Congress Asset Mgmt Ma. Old Second Bancorp Of Aurora has invested 1.5% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Somerset Grp has invested 0.83% in Verizon Communications Inc. (NYSE:VZ). Alley Ltd Liability Corp has invested 1.44% in Verizon Communications Inc. (NYSE:VZ).

Swiss National Bank increased its stake in Verizonmunications Inc (VZ) by 2.76% based on its latest 2018Q2 regulatory filing with the SEC. Swiss National Bank bought 422,100 shares as the company’s stock rose 15.97% with the market. The institutional investor held 15.70 million shares of the telecommunications equipment company at the end of 2018Q2, valued at $790.06M, up from 15.28 million at the end of the previous reported quarter. Swiss National Bank who had been investing in Verizonmunications Inc for a number of months, seems to be bullish on the $239.99B market cap company. The stock decreased 0.02% or $0.01 during the last trading session, reaching $58.08. About 26.88 million shares traded or 52.80% up from the average. Verizon Communications Inc. (NYSE:VZ) has risen 17.48% since December 7, 2017 and is uptrending. It has outperformed by 1.86% the S&P500.

Swiss National Bank, which manages about $87.45B US Long portfolio, decreased its stake in Infosys Ltd (NYSE:INFY) by 475,659 shares to 524,501 shares, valued at $10.19 million in 2018Q2, according to the filing. It also reduced its holding in Grace W R & Co Del New (NYSE:GRA) by 101,800 shares in the quarter, leaving it with 117,400 shares, and cut its stake in Charter Communications Inc N.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Globenewswire.com which released: “Verizon Donates $250000 to Support Communities Impacted by California Wildfires – GlobeNewswire” on November 19, 2018, also Seekingalpha.com with their article: “Buy Verizon For The Retirement Portfolio – Seeking Alpha” published on November 27, 2018, Seekingalpha.com published: “Verizon: 5G Pause – Seeking Alpha” on December 05, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Globenewswire.com and their article: “Verizon completes first 5G data transmission on a smartphone – GlobeNewswire” published on November 13, 2018 as well as Globenewswire.com‘s news article titled: “Agfa Chooses Verizon Enterprise Solutions for Global Network Transformation – GlobeNewswire” with publication date: November 27, 2018.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

Among 8 analysts covering Verizon (NYSE:VZ), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Verizon had 10 analyst reports since June 8, 2018 according to SRatingsIntel. The firm has “Buy” rating by Wells Fargo given on Friday, June 8. The rating was downgraded by Barclays Capital to “Equal-Weight” on Tuesday, September 4. The firm has “Neutral” rating by JP Morgan given on Monday, December 3. Robert W. Baird maintained the shares of VZ in report on Wednesday, July 25 with “Neutral” rating. The firm earned “Overweight” rating on Wednesday, October 24 by JP Morgan. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Tuesday, September 4 by Moffett Nathanson. Goldman Sachs upgraded it to “Buy” rating and $5600 target in Thursday, June 21 report. As per Tuesday, June 19, the company rating was upgraded by Deutsche Bank. The firm earned “Equal-Weight” rating on Wednesday, October 24 by Barclays Capital.

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

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