Bridgewater Associates LP Lifted Verizon Communications (VZ) Holding By $2.13 Million; Last Week Pan African Resources PLC (LON:PAF) Analysts

December 7, 2017 - By Vivian Park

Bridgewater Associates Lp increased Verizon Communications Inc (VZ) stake by 361.88% reported in 2017Q2 SEC filing. Bridgewater Associates Lp acquired 48,308 shares as Verizon Communications Inc (VZ)’s stock declined 7.66%. The Bridgewater Associates Lp holds 61,657 shares with $2.75M value, up from 13,349 last quarter. Verizon Communications Inc now has $205.38B valuation. The stock decreased 0.66% or $0.335 during the last trading session, reaching $50.345. About 317,483 shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since December 7, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Among 7 analysts covering Pan African Resources (LON:PAF), 6 have Buy rating, 1 Sell and 0 Hold. Therefore 86% are positive. Pan African Resources had 38 analyst reports since September 16, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, October 11 by Numis Securities. The stock of Pan African Resources PLC (LON:PAF) has “Buy” rating given on Monday, March 21 by FinnCap. Numis Securities maintained the shares of PAF in report on Wednesday, August 3 with “Buy” rating. The rating was maintained by Numis Securities on Monday, February 6 with “Buy”. Shore Capital maintained the stock with “Not Rated” rating in Wednesday, April 5 report. The stock of Pan African Resources PLC (LON:PAF) has “Buy” rating given on Monday, September 25 by Numis Securities. The rating was maintained by FinnCap on Wednesday, June 15 with “Hold”. Peel Hunt maintained the shares of PAF in report on Thursday, January 5 with “Buy” rating. The firm earned “Buy” rating on Friday, May 5 by Peel Hunt. The firm has “Buy” rating by Numis Securities given on Friday, December 9. See Pan African Resources PLC (LON:PAF) latest ratings:

31/10/2017 Broker: HSBC Rating: Buy Old Target: GBX 15.00 New Target: GBX 16.00 Upgrade
18/10/2017 Broker: Peel Hunt Rating: Buy Old Target: GBX 20.00 New Target: GBX 20.00 Maintain
25/09/2017 Broker: Numis Securities Rating: Buy Old Target: GBX 28.00 New Target: GBX 28.00 Maintain
21/09/2017 Broker: Numis Securities Rating: Buy Old Target: GBX 28.00 New Target: GBX 28.00 Maintain
20/09/2017 Broker: Peel Hunt Rating: Buy Old Target: GBX 20.00 New Target: GBX 20.00 Maintain
12/09/2017 Broker: FinnCap Rating: Buy Old Target: GBX 24.00 New Target: GBX 24.00 Maintain
29/08/2017 Broker: Peel Hunt Rating: Buy Old Target: GBX 20.00 New Target: GBX 20.00 Maintain
25/08/2017 Broker: Numis Securities Rating: Buy Old Target: GBX 28.00 New Target: GBX 28.00 Maintain
21/07/2017 Broker: Numis Securities Rating: Buy Old Target: GBX 30.00 New Target: GBX 28.00 Maintain
26/06/2017 Broker: Shore Capital Rating: Not Rated Maintain

The stock increased 0.52% or GBX 0.072 during the last trading session, reaching GBX 13.875. About 1.26M shares traded. Pan African Resources PLC (LON:PAF) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Pan African Resources PLC engages in the exploration of precious metals in South Africa. The company has market cap of 249.52 million GBP. It operates through Barberton Mines, Evander Mines, Corporate, and Funding Company divisions. It has a 12.61 P/E ratio. The firm primarily explores gold ores, platinum-group elements, and coal.

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 59 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 11 with “Hold”. The firm earned “Hold” rating on Friday, July 14 by Barclays Capital. RBC Capital Markets maintained the shares of VZ in report on Wednesday, September 30 with “Outperform” rating. The company was downgraded on Thursday, April 7 by Bernstein. The rating was maintained by Macquarie Research with “Hold” on Thursday, June 15. The firm has “Hold” rating given on Friday, October 20 by SunTrust. Citigroup maintained Verizon Communications Inc. (NYSE:VZ) rating on Monday, March 14. Citigroup has “Neutral” rating and $54 target. On Thursday, August 10 the stock rating was maintained by Oppenheimer with “Hold”. The company was downgraded on Wednesday, January 25 by RBC Capital Markets. The firm earned “Hold” rating on Monday, April 24 by RBC Capital Markets.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.12, from 1 in 2017Q1. It turned negative, as 90 investors sold VZ shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported. 39,693 are held by Chesley Taft Associates Limited Liability Company. The New Jersey-based Princeton Mgmt has invested 3.16% in Verizon Communications Inc. (NYSE:VZ). 83,064 are owned by Hm Payson And Com. Stonehearth Cap Mngmt Ltd Liability Com has invested 0.27% in Verizon Communications Inc. (NYSE:VZ). Smith Moore Communications holds 0.36% or 23,092 shares in its portfolio. Wilbanks Smith Thomas Asset Management Ltd Liability stated it has 0.38% in Verizon Communications Inc. (NYSE:VZ). Merriman Wealth Mgmt Ltd Llc has 12,565 shares. Hgk Asset Mgmt Inc invested in 10,562 shares or 0.07% of the stock. Mcrae Capital Mgmt Inc owns 9,687 shares for 0.18% of their portfolio. Sky Investment Grp Ltd Liability Company holds 1.16% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 61,439 shares. 12,132 were reported by Blue Financial Cap Inc. Dorsey Whitney Tru Co Ltd Limited Liability Company has 0.49% invested in Verizon Communications Inc. (NYSE:VZ). Cibc Markets Corporation holds 791,753 shares or 0.37% of its portfolio. Moneta Group Investment Advsrs Limited Liability Company holds 38,970 shares. Gabelli Advisers holds 0.14% or 30,000 shares.

Bridgewater Associates Lp decreased Noble Energy Inc (NYSE:NBL) stake by 76,681 shares to 30,483 valued at $863,000 in 2017Q2. It also reduced B2gold Corp (NYSEMKT:BTG) stake by 699,650 shares and now owns 246,612 shares. Simon Ppty Group Inc New (NYSE:SPG) was reduced too.

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