Busey Trust Company Stake in Verizon Communications (VZ) Increased by $3.46 Million as Shares Declined

June 27, 2018 - By Ira Colvard

Verizon Communications Inc. (NYSE:VZ) Corporate LogoBig Money Sentiment decreased to 0.97 in Q1 2018. It has change of 0.05, from 2017Q4’s 1.02. The ratio turned negative due to VZ positioning: 69 sold and 675 reduced. 132 funds acquired stakes and 593 increased stakes. Investors holded 2.54 billion in 2017Q4 but now own 2.55 billion shares or 0.58% more. The Missouri-based Country Club Na has invested 0.13% in Verizon Communications Inc. (NYSE:VZ). Sabal owns 56,251 shs. Godsey & Gibb Assocs reported 0.04% stake. Papp L Roy & Associates holds 7,086 shs or 0.06% of its capital. Parsec Fincl Management has 0.03% invested in Verizon Communications Inc. (NYSE:VZ). Amer Century holds 0.47% in Verizon Communications Inc. (NYSE:VZ) or 9.73 million shs. Zwj Investment Counsel stated it has 2.11% in Verizon Communications Inc. (NYSE:VZ). Farmers Tru Communications stated it has 43,740 shs or 0.63% of all its holdings. Missouri-based Paradigm Financial Advisors Llc has invested 0.17% in Verizon Communications Inc. (NYSE:VZ). Bradley Foster And Sargent Incorporated Ct holds 0.25% of its capital in Verizon Communications Inc. (NYSE:VZ) for 139,590 shs. Cape Cod Five Cents Retail Bank holds 0.74% or 98,882 shs. Security Retail Bank Of So Dak owns 31,581 shs. Ohio-based Strs Ohio has invested 0.64% in Verizon Communications Inc. (NYSE:VZ). Kansas-based Cognios Ltd has invested 0.65% in Verizon Communications Inc. (NYSE:VZ). Baldwin Invest Ltd Liability Corp invested in 0.19% or 11,043 shs.

VZ had 2 sales and 0 buys since February 13, 2018. This’s net activity of $444,552.

According to 2018Q1 SEC form the Busey Trust Company rose its holdings in Verizon Communications (VZ) by 55.16%. 73,722 shares were bought by Busey Trust Company as the company’s stock declined 1.16% with the market. At the end of 2018Q1, the 207,369 shares of the telecommunications equipment company held by the institutional investor were valued at $9.92 million, up from 133,647 at the end of the previous reported quarter. For a total of 32,369 shares it reduced its holding in Wells Fargo & Co (NYSE:WFC) by 206,571 shares in the quarter, and has cut its stake in Facebook Inc (NASDAQ:FB).

For more Verizon Communications Inc. (NYSE:VZ) news posted recently go to: Globenewswire.com, Globenewswire.com, Seekingalpha.com, 247Wallst.com or Seekingalpha.com. The titles are as follows: “Verizon announces CEO succession plan” posted on June 08, 2018, “John Stratton to retire from Verizon by end of 2018” on June 08, 2018, “Verizon ending location-sharing after leaks” with a publish date: June 19, 2018, “6 Most Important Things in Business Today” and the last “Deutsche Bank sees multiple upsides for Verizon” with publication date: June 19, 2018.

Verizon Communications Inc. (NYSE:VZ) Ratings Coverage

In total 20 analysts cover Verizon Communications Inc. (NYSE:VZ). “Buy” rating has 15, “Sell” are 0, while 5 are “Hold”. (NYSE:VZ) has 75% bullish analysts. With $63 highest and $52.0 lowest PT, Verizon Communications Inc. has $55.71 average PT or 13.02% above the current ($49.29) price. 25 are the (NYSE:VZ)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Friday, June 8 the company was maintained by Wells Fargo. On Wednesday, February 28 the firm earned “Buy” rating by Moffett Nathanson. On Tuesday, June 19 Deutsche Bank upgraded Verizon Communications Inc. (NYSE:VZ) to “Buy” rating. On Monday, January 22 the rating was upgraded by Scotia Capital to “Buy”. In Tuesday, January 23 report SunTrust maintained it with “Hold” rating and $58.0 target. On Friday, May 11 the stock has “Buy” rating by J.P. Morgan. On Monday, April 23 Barclays Capital upgraded the shares of VZ in report to “Overweight” rating. On Wednesday, January 24 the firm has “Buy” rating given by Nomura. On Tuesday, January 16 the firm earned “Neutral” rating by Moffett Nathanson. On Wednesday, January 24 Bank of America maintained the shares of VZ in report with “Buy” rating.

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

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