Seaward Management Limited Partnership Trimmed Its Holding in Verizon Communications Com (VZ) by $9.55 Million as Share Value Declined; Truepoint Has Cut Cintas (CTAS) Holding by $329,043; Market Valuation Rose

January 14, 2018 - By Jacob Smith

Seaward Management Limited Partnership decreased its stake in Verizon Communications Com (VZ) by 87.36% based on its latest 2017Q3 regulatory filing with the SEC. Seaward Management Limited Partnership sold 194,930 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 28,204 shares of the telecommunications equipment company at the end of 2017Q3, valued at $1.40 million, down from 223,134 at the end of the previous reported quarter. Seaward Management Limited Partnership who had been investing in Verizon Communications Com for a number of months, seems to be less bullish one the $211.56B market cap company. The stock decreased 0.48% or $0.25 during the last trading session, reaching $51.86. About 17.67M shares traded or 5.69% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 14, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Truepoint Inc decreased its stake in Cintas Corp (CTAS) by 83.95% based on its latest 2017Q3 regulatory filing with the SEC. Truepoint Inc sold 2,301 shares as the company’s stock rose 2.03% with the market. The institutional investor held 440 shares of the apparel company at the end of 2017Q3, valued at $63,000, down from 2,741 at the end of the previous reported quarter. Truepoint Inc who had been investing in Cintas Corp for a number of months, seems to be less bullish one the $17.08B market cap company. The stock decreased 0.98% or $1.59 during the last trading session, reaching $160.46. About 449,058 shares traded. Cintas Corporation (NASDAQ:CTAS) has risen 32.38% since January 14, 2017 and is uptrending. It has outperformed by 15.68% the S&P500.

Since August 11, 2017, it had 0 insider purchases, and 2 sales for $371,980 activity. Another trade for 2,000 shares valued at $267,380 was made by Adolph Gerald S on Tuesday, August 15.

Among 15 analysts covering Cintas (NASDAQ:CTAS), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. Cintas had 40 analyst reports since August 14, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Underweight” rating in Wednesday, August 17 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, September 25. Morgan Stanley maintained the stock with “Underweight” rating in Tuesday, July 25 report. Barclays Capital maintained the shares of CTAS in report on Wednesday, September 27 with “Overweight” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, December 22. The stock has “Outperform” rating by Robert W. Baird on Wednesday, August 17. The stock has “Hold” rating by Nomura on Tuesday, June 27. The stock has “Buy” rating by Robert W. Baird on Thursday, September 28. KeyBanc Capital Markets maintained it with “Overweight” rating and $130 target in Wednesday, August 17 report. Stifel Nicolaus maintained the shares of CTAS in report on Tuesday, December 20 with “Hold” rating.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.02, from 1.04 in 2017Q2. It turned negative, as 37 investors sold CTAS shares while 174 reduced holdings. 80 funds opened positions while 135 raised stakes. 69.32 million shares or 1.23% more from 68.47 million shares in 2017Q2 were reported. Next Group holds 180 shares or 0.01% of its portfolio. Prudential Public Limited Company owns 2,100 shares. Retirement Of Alabama accumulated 41,435 shares. First Manhattan Commerce accumulated 129 shares. Ubs Asset Management Americas Incorporated invested in 0.04% or 333,460 shares. San Francisco Sentry Gp (Ca) holds 0% of its portfolio in Cintas Corporation (NASDAQ:CTAS) for 42 shares. Johnson Inv Counsel has invested 0.07% in Cintas Corporation (NASDAQ:CTAS). Lenox Wealth reported 3 shares stake. Geode Mngmt Limited owns 0.06% invested in Cintas Corporation (NASDAQ:CTAS) for 1.05 million shares. Rowland & Inv Counsel Adv reported 5,213 shares. Lmr Prtn Ltd Liability Partnership holds 0.05% of its portfolio in Cintas Corporation (NASDAQ:CTAS) for 3,380 shares. Boston Research & invested 0.47% in Cintas Corporation (NASDAQ:CTAS). Schwab Charles Invest Management Inc reported 294,680 shares or 0.04% of all its holdings. Price T Rowe Associate Inc Md owns 1.62M shares for 0.04% of their portfolio. Nomura Asset Mgmt Ltd has invested 0.03% in Cintas Corporation (NASDAQ:CTAS).

Truepoint Inc, which manages about $1.62 billion and $1.02B US Long portfolio, upped its stake in Vanguard Index Fds (VO) by 7,269 shares to 10,421 shares, valued at $1.53M in 2017Q3, according to the filing. It also increased its holding in Vanguard Index Fds (VNQ) by 30,603 shares in the quarter, for a total of 1.03M shares, and has risen its stake in Vanguard Index Fds (VOT).

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is without change, 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. First City Cap Mngmt holds 41,904 shares or 1.45% of its portfolio. Adage Prns Grp Lc reported 6.75M shares stake. Natixis Asset Management has 33,408 shares. Meeder Asset Inc accumulated 135,549 shares. Hourglass Capital Lc invested 0.8% in Verizon Communications Inc. (NYSE:VZ). Missouri-based Monetary Mngmt Group has invested 0.39% in Verizon Communications Inc. (NYSE:VZ). Centurylink Inv Mngmt Communication reported 25,834 shares. Commerzbank Aktiengesellschaft Fi holds 1.20 million shares or 0.78% of its portfolio. California-based Amer Assets Mgmt Limited Liability Corp has invested 1.38% in Verizon Communications Inc. (NYSE:VZ). Panagora Asset Mngmt Incorporated holds 0.37% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 1.91 million shares. Klingenstein Fields And Co Limited Liability Com invested in 34,298 shares. Moreover, Pnc Fincl Grp Inc has 0.47% invested in Verizon Communications Inc. (NYSE:VZ). Bnp Paribas Arbitrage Sa holds 3.83 million shares. Riverpoint Capital Mngmt Limited Liability reported 108,948 shares. Gould Asset Mngmt Limited Company Ca owns 0.09% invested in Verizon Communications Inc. (NYSE:VZ) for 4,229 shares.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 19 Hold. Therefore 27% are positive. Verizon Communications Inc. had 63 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Mkt Perform” rating by Raymond James on Wednesday, January 25. Barclays Capital maintained Verizon Communications Inc. (NYSE:VZ) rating on Thursday, April 13. Barclays Capital has “Equal Weight” rating and $49 target. As per Tuesday, January 2, the company rating was maintained by KeyBanc Capital Markets. The stock has “Hold” rating by SunTrust on Friday, October 20. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Market Perform” rating by Wells Fargo on Monday, January 23. On Wednesday, October 11 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by Bank of America on Friday, October 20. The firm earned “Hold” rating on Friday, July 14 by Barclays Capital. The stock has “Buy” rating by Argus Research on Wednesday, October 21. As per Friday, October 20, the company rating was maintained by RBC Capital Markets.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 23. They expect $0.88 earnings per share, up 2.33% or $0.02 from last year’s $0.86 per share. VZ’s profit will be $3.59B for 14.73 P/E if the $0.88 EPS becomes a reality. After $0.98 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Seaward Management Limited Partnership, which manages about $2.62 billion and $2.04 billion US Long portfolio, upped its stake in Ishares Core S&P Mid (IJH) by 2,100 shares to 64,766 shares, valued at $11.59M in 2017Q3, according to the filing. It also increased its holding in Ishares Core S&P 500 Etf (IVV) by 3,475 shares in the quarter, for a total of 52,250 shares, and has risen its stake in Vanguard Intl Eqty Idx Allwrld (VEU).

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