Regent Investment Management Has Increased Its Verizon Communicatn (VZ) Position; Soros Fund Management Lowered Its Crown Castle Intl New (CCI) Holding

June 21, 2018 - By wolcottdaily

Verizon Communications Inc. (NYSE:VZ) Logo

Regent Investment Management Llc increased Verizon Communicatn (VZ) stake by 35.94% reported in 2018Q1 SEC filing. Regent Investment Management Llc acquired 10,185 shares as Verizon Communicatn (VZ)’s stock declined 1.16%. The Regent Investment Management Llc holds 38,524 shares with $1.84 million value, up from 28,339 last quarter. Verizon Communicatn now has $200.77 billion valuation. The stock increased 1.04% or $0.5 during the last trading session, reaching $48.59. About 7.56M shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 7.08% since June 21, 2017 and is uptrending. It has underperformed by 5.49% the S&P500. Some Historical VZ News: 30/04/2018 – A merged T-Mobile and Sprint will still be smaller than AT&T or Verizon The Big Four mobile carriers would become the Big Three; 20/04/2018 – VZ: DIFFERENCE OF OPINION ON DEVELOPMENT OF E-SIM STANDARDS; 14/05/2018 – COOLPAD IN TALKS TO SELL PHONES THROUGH VERIZON, SPRINT, AT&T; 30/04/2018 – A merged T-Mobile and Sprint will still be smaller than AT&T or Verizon; 27/04/2018 – Verizon’s Oath Names Jeff Lucas Head of Americas Sales; 17/03/2018 – New York Post: NYC wants to turn streetlights into high-speed Wi-Fi hotspots; 25/04/2018 – ANALYSIS-U.S. Treasury yield curve flattening to intensify with U.S. pension plan bond-buying; 24/04/2018 – Verizon Sees FY Effective Tax Rate 24% to 26%; 07/03/2018 – VERIZON’S DUNNE: CONSUMER BUYING SHIFTING TO SERVICE FROM PHONE; 24/04/2018 – Verizon begins 2018 with strong momentum

Soros Fund Management Llc decreased Crown Castle Intl Corp New (CCI) stake by 50.42% reported in 2018Q1 SEC filing. Soros Fund Management Llc sold 101,700 shares as Crown Castle Intl Corp New (CCI)’s stock declined 7.89%. The Soros Fund Management Llc holds 100,000 shares with $10.96 million value, down from 201,700 last quarter. Crown Castle Intl Corp New now has $42.61B valuation. The stock increased 0.13% or $0.13 during the last trading session, reaching $102.72. About 506,312 shares traded. Crown Castle International Corp. (NYSE:CCI) has declined 0.04% since June 21, 2017 and is downtrending. It has underperformed by 12.61% the S&P500.

Soros Fund Management Llc increased Coty Inc (NYSE:COTY) stake by 975,130 shares to 1.11 million valued at $20.23 million in 2018Q1. It also upped Alphabet Inc stake by 20,800 shares and now owns 25,400 shares. Cigna Corporation (NYSE:CI) was raised too.

More news for Crown Castle International Corp. (NYSE:REIT) were recently published by: Seekingalpha.com, which released: “American Tower backpedals on nearby-tower restriction” on June 20, 2018. Fool.com‘s article titled: “The 10 Largest REIT Stocks — Which Are the Best Buys Now?” and published on June 21, 2018 is yet another important article.

Since February 21, 2018, it had 1 insider purchase, and 2 insider sales for $1.83 million activity. $1.95 million worth of Crown Castle International Corp. (NYSE:REIT) was sold by Brown Jay A.. Another trade for 693 shares valued at $75,391 was made by Simon Kenneth Jay on Wednesday, February 21. 1,979 Crown Castle International Corp. (NYSE:REIT) shares with value of $199,988 were bought by Melone Anthony J..

Among 21 analysts covering Crown Castle International Corp (NYSE:CCI), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Crown Castle International Corp had 65 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, May 31 report. The firm earned “Buy” rating on Wednesday, December 6 by SunTrust. On Friday, July 21 the stock rating was maintained by Citigroup with “Neutral”. Citigroup maintained Crown Castle International Corp. (NYSE:REIT) rating on Monday, August 28. Citigroup has “Neutral” rating and $108 target. SunTrust maintained Crown Castle International Corp. (NYSE:REIT) rating on Wednesday, October 18. SunTrust has “Buy” rating and $115.0 target. RBC Capital Markets maintained Crown Castle International Corp. (NYSE:REIT) on Monday, April 23 with “Buy” rating. The firm has “Buy” rating given on Thursday, May 25 by RBC Capital Markets. The firm has “Buy” rating given on Monday, August 28 by RBC Capital Markets. The firm has “Buy” rating by Bank of America given on Friday, September 8. The stock of Crown Castle International Corp. (NYSE:REIT) has “Overweight” rating given on Thursday, August 24 by Morgan Stanley.

Investors sentiment decreased to 1.12 in 2018 Q1. Its down 0.12, from 1.24 in 2017Q4. It worsened, as 37 investors sold CCI shares while 229 reduced holdings. 71 funds opened positions while 227 raised stakes. 382.47 million shares or 3.70% more from 368.81 million shares in 2017Q4 were reported. Architects stated it has 0.05% of its portfolio in Crown Castle International Corp. (NYSE:REIT). Ltd Ca, California-based fund reported 47,800 shares. Highland Capital Ltd Liability Corporation holds 0.05% or 5,323 shares. Farmers And Merchants Invests reported 140 shares stake. Moreover, Ing Groep Nv has 0.07% invested in Crown Castle International Corp. (NYSE:REIT). Tower Rech Capital Limited Co (Trc) has 3,110 shares for 0.03% of their portfolio. First Interstate Financial Bank holds 0.14% of its portfolio in Crown Castle International Corp. (NYSE:REIT) for 5,662 shares. Mackenzie Fin reported 11,330 shares stake. Trb Advsr Ltd Partnership stated it has 15,000 shares or 3.43% of all its holdings. Tiverton Asset Limited Company accumulated 2,596 shares. Waddell Reed Fincl accumulated 48,000 shares or 0.01% of the stock. Williams Jones & Limited Company holds 805,664 shares. 5,000 are held by Southport Mgmt Limited Liability Company. Eagle Asset Mngmt Incorporated holds 0.79% of its portfolio in Crown Castle International Corp. (NYSE:REIT) for 1.32 million shares. State Board Of Administration Of Florida Retirement invested in 0.17% or 565,106 shares.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: 247Wallst.com which released: “6 Most Important Things in Business Today” on June 20, 2018, also Seekingalpha.com with their article: “Verizon ending location-sharing after leaks” published on June 19, 2018, Globenewswire.com published: “Verizon announces CEO succession plan” on June 08, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Seekingalpha.com and their article: “Deutsche Bank sees multiple upsides for Verizon” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “American Tower backpedals on nearby-tower restriction” with publication date: June 20, 2018.

Among 33 analysts covering Verizon Communications Inc. (NYSE:VZ), 17 have Buy rating, 0 Sell and 16 Hold. Therefore 52% are positive. Verizon Communications Inc. had 87 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital on Wednesday, October 21 with “Outperform”. The stock has “Buy” rating by HSBC on Thursday, January 19. Cowen & Co maintained Verizon Communications Inc. (NYSE:VZ) rating on Tuesday, January 23. Cowen & Co has “Hold” rating and $54.0 target. As per Tuesday, June 19, the company rating was upgraded by Deutsche Bank. The firm has “Overweight” rating by Barclays Capital given on Monday, April 23. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by HSBC on Thursday, December 14. The rating was maintained by SunTrust with “Hold” on Tuesday, January 23. The stock has “Hold” rating by Jefferies on Wednesday, April 25. The stock has “Buy” rating by HSBC on Wednesday, March 28. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Friday, October 16 by Nomura.

Since February 13, 2018, it had 0 insider purchases, and 2 insider sales for $444,552 activity. Another trade for 6,967 shares valued at $346,957 was made by Skiadas Anthony T on Tuesday, February 13.

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

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