Verizon Communications (VZ) Shares Declined While Smithfield Trust Company Cut Its Position; Engineers Gate Manager LP Has Lifted Boyd Gaming (BYD) Holding by $693,628; Stock Rose

February 24, 2018 - By Jonathan Benavides

Smithfield Trust Company decreased its stake in Verizon Communications (VZ) by 23.51% based on its latest 2017Q3 regulatory filing with the SEC. Smithfield Trust Company sold 9,845 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 32,025 shares of the telecommunications equipment company at the end of 2017Q3, valued at $1.59 million, down from 41,870 at the end of the previous reported quarter. Smithfield Trust Company who had been investing in Verizon Communications for a number of months, seems to be less bullish one the $196.98B market cap company. The stock increased 0.88% or $0.42 during the last trading session, reaching $48.29. About 26.37 million shares traded or 46.46% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 24, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Engineers Gate Manager Lp increased its stake in Boyd Gaming Corp (BYD) by 66.91% based on its latest 2017Q3 regulatory filing with the SEC. Engineers Gate Manager Lp bought 26,678 shares as the company’s stock rose 22.90% with the market. The institutional investor held 66,551 shares of the hotels and resorts company at the end of 2017Q3, valued at $1.73 million, up from 39,873 at the end of the previous reported quarter. Engineers Gate Manager Lp who had been investing in Boyd Gaming Corp for a number of months, seems to be bullish on the $3.97 billion market cap company. The stock increased 3.58% or $1.22 during the last trading session, reaching $35.27. About 1.80 million shares traded or 13.01% up from the average. Boyd Gaming Corporation (NYSE:BYD) has risen 35.92% since February 24, 2017 and is uptrending. It has outperformed by 19.22% the S&P500.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on April, 19. They expect $1.09 EPS, up 14.74% or $0.14 from last year’s $0.95 per share. VZ’s profit will be $4.45B for 11.08 P/E if the $1.09 EPS becomes a reality. After $0.86 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 26.74% EPS growth.

Since August 28, 2017, it had 0 insider purchases, and 3 insider sales for $406,645 activity. SILLIMAN CRAIG L. had sold 610 shares worth $30,030 on Wednesday, September 27.

Smithfield Trust Company, which manages about $737.64 million US Long portfolio, upped its stake in High Dividend Yield Equities (VYM) by 42,319 shares to 405,910 shares, valued at $32.90 million in 2017Q3, according to the filing. It also increased its holding in Vanguard Reit Etf (VNQ) by 15,250 shares in the quarter, for a total of 207,874 shares, and has risen its stake in Ishares Russell 1000 Growth Index Fund (IWF).

Among 28 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 21 Hold. Therefore 25% are positive. Verizon Communications Inc. had 74 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Wednesday, January 25 by FBR Capital. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, January 25. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by SunTrust on Friday, October 20. Zacks upgraded the shares of VZ in report on Friday, August 14 to “Hold” rating. The rating was maintained by Bank of America with “Buy” on Wednesday, January 24. As per Tuesday, January 23, the company rating was maintained by SunTrust. On Friday, October 6 the stock rating was maintained by Jefferies with “Hold”. Macquarie Research maintained Verizon Communications Inc. (NYSE:VZ) on Thursday, June 15 with “Hold” rating. The firm earned “Mkt Perform” rating on Wednesday, January 25 by Raymond James. The stock of Verizon Communications Inc. (NYSE:VZ) has “Equal Weight” rating given on Thursday, April 13 by Barclays Capital.

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. Chilton Capital Mngmt Ltd invested in 0.15% or 30,897 shares. Paloma Prns Mngmt Company owns 38,912 shares or 0.03% of their US portfolio. Jackson Wealth Mngmt Lc holds 50,224 shares. Burt Wealth Advsr holds 7,069 shares. Td Cap Ltd Liability Corp stated it has 361 shares or 0.01% of all its holdings. 42,979 were accumulated by Buffington Mohr Mcneal. The Utah-based Alta Capital Mngmt Lc has invested 0.12% in Verizon Communications Inc. (NYSE:VZ). Sterling Capital Management Ltd Co, a North Carolina-based fund reported 2.03M shares. Balyasny Asset Mgmt Ltd Llc has 59,617 shares for 0.01% of their portfolio. Miller Howard Invs New York stated it has 0.74% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Kbc Nv invested 0.33% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Advisor Prtnrs Limited Liability stated it has 63,363 shares. D L Carlson Invest Gp Inc accumulated 43,747 shares or 0.67% of the stock. Somerset Group Incorporated Ltd Liability Corp invested in 21,975 shares. Burke Herbert Natl Bank Tru Com owns 36,634 shares for 1.64% of their portfolio.

Investors sentiment increased to 1.11 in Q3 2017. Its up 0.03, from 1.08 in 2017Q2. It increased, as 21 investors sold BYD shares while 62 reduced holdings. 36 funds opened positions while 56 raised stakes. 84.97 million shares or 2.06% more from 83.26 million shares in 2017Q2 were reported. Hsbc Holdg Public Limited has invested 0% of its portfolio in Boyd Gaming Corporation (NYSE:BYD). Mason Street Advsrs Ltd Liability owns 20,853 shares. Secor Capital Advsrs LP holds 0.08% or 31,218 shares. Cookson Peirce Communication, Pennsylvania-based fund reported 476,740 shares. 2,715 are owned by Pnc Fincl Service Gru. The Ohio-based Victory Cap Mngmt Inc has invested 0% in Boyd Gaming Corporation (NYSE:BYD). Pub Employees Retirement Sys Of Ohio stated it has 3,580 shares. Chicago Equity Prns has 0.04% invested in Boyd Gaming Corporation (NYSE:BYD). Wells Fargo Mn holds 0% or 174,616 shares. Par Cap Management holds 2.74% or 9.26 million shares. Citigroup owns 51,911 shares. 91,213 were reported by Pinebridge Investments L P. Northern Trust reported 0.01% of its portfolio in Boyd Gaming Corporation (NYSE:BYD). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in Boyd Gaming Corporation (NYSE:BYD). 481,385 are owned by Caxton Associates Ltd Partnership.

Engineers Gate Manager Lp, which manages about $645.79M and $1.19 billion US Long portfolio, decreased its stake in Conns Inc (NASDAQ:CONN) by 13,879 shares to 31,777 shares, valued at $895,000 in 2017Q3, according to the filing. It also reduced its holding in Citizens Finl Group Inc (NYSE:CFG) by 50,021 shares in the quarter, leaving it with 26,914 shares, and cut its stake in Vwr Corp.

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