Fiduciary Financial Services Of The Southwest Has Lowered Its Holding in Verizon Communications (VZ) as Stock Price Declined; New York Life Investment Management Has Trimmed Its Holding in Express Scripts Holding Company (ESRX) by $16.08 Million as Share Price Declined

April 17, 2018 - By Peter Mason

Verizon Communications Inc. (NYSE:VZ) Logo

New York Life Investment Management Llc decreased its stake in Express Scripts Holding Company (ESRX) by 28.73% based on its latest 2017Q4 regulatory filing with the SEC. New York Life Investment Management Llc sold 217,330 shares as the company’s stock declined 5.58% with the market. The institutional investor held 539,194 shares of the medical and nursing services company at the end of 2017Q4, valued at $40.25 million, down from 756,524 at the end of the previous reported quarter. New York Life Investment Management Llc who had been investing in Express Scripts Holding Company for a number of months, seems to be less bullish one the $40.43 billion market cap company. The stock increased 0.52% or $0.37 during the last trading session, reaching $71.99. About 2.88M shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has risen 8.93% since April 17, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Fiduciary Financial Services Of The Southwest Inc decreased its stake in Verizon Communications Inc (VZ) by 8.75% based on its latest 2017Q4 regulatory filing with the SEC. Fiduciary Financial Services Of The Southwest Inc sold 7,394 shares as the company’s stock declined 11.05% with the market. The institutional investor held 77,062 shares of the telecommunications equipment company at the end of 2017Q4, valued at $4.08M, down from 84,456 at the end of the previous reported quarter. Fiduciary Financial Services Of The Southwest Inc who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $199.75 billion market cap company. The stock increased 1.53% or $0.73 during the last trading session, reaching $48.39. About 8.89 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since April 17, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

New York Life Investment Management Llc, which manages about $1.44 billion US Long portfolio, upped its stake in Iq Enhanced Core Bond Us Etf by 78,622 shares to 1.85 million shares, valued at $36.16M in 2017Q4, according to the filing. It also increased its holding in Iq Enhanced Core Plus Bond U by 736,187 shares in the quarter, for a total of 8.80M shares, and has risen its stake in Iq S&P Hy Low Vol Bond Etf.

Among 25 analysts covering Express Scripts (NASDAQ:ESRX), 8 have Buy rating, 3 Sell and 14 Hold. Therefore 32% are positive. Express Scripts had 66 analyst reports since July 30, 2015 according to SRatingsIntel. Maxim Group maintained Express Scripts Holding Company (NASDAQ:ESRX) on Tuesday, July 18 with “Buy” rating. The firm has “Sell” rating by Raymond James given on Friday, December 15. The rating was downgraded by Wells Fargo to “Underperform” on Wednesday, March 15. Mizuho maintained Express Scripts Holding Company (NASDAQ:ESRX) rating on Thursday, March 8. Mizuho has “Hold” rating and $96.0 target. Leerink Swann downgraded the stock to “Market Perform” rating in Tuesday, January 19 report. As per Monday, June 20, the company rating was downgraded by Morgan Stanley. The rating was maintained by SunTrust on Thursday, January 11 with “Buy”. On Friday, May 26 the stock rating was maintained by Jefferies with “Buy”. The stock has “Buy” rating by Mizuho on Wednesday, January 13. The rating was initiated by UBS with “Neutral” on Thursday, October 6.

Investors sentiment increased to 0.69 in 2017 Q4. Its up 0.07, from 0.62 in 2017Q3. It increased, as 68 investors sold ESRX shares while 407 reduced holdings. 111 funds opened positions while 216 raised stakes. 479.40 million shares or 1.52% less from 486.80 million shares in 2017Q3 were reported. Hartford Inv Mngmt stated it has 139,154 shares. Regent Invest Mgmt Limited Liability Corp accumulated 12,510 shares. North Star Asset Mngmt Incorporated accumulated 46,252 shares. Envestnet Asset Mngmt owns 179,586 shares. The Missouri-based Smith Moore & Co has invested 0.29% in Express Scripts Holding Company (NASDAQ:ESRX). Carnegie Asset Mgmt Limited Liability Com holds 0.32% or 48,491 shares. 3,069 are held by Miller Invest Mgmt Limited Partnership. Sumitomo Life Ins reported 0.14% stake. 84,874 are held by Auxier Asset Mngmt. Us National Bank De invested in 0.11% or 503,350 shares. Moors & Cabot accumulated 0.14% or 13,911 shares. Howland Cap Mgmt Ltd Co has invested 0.03% in Express Scripts Holding Company (NASDAQ:ESRX). Proshare Advisors Ltd Liability Corp invested in 0.2% or 379,857 shares. Zwj Counsel holds 5,633 shares or 0.03% of its portfolio. Royal Retail Bank Of Canada holds 620,861 shares or 0.02% of its portfolio.

Analysts await Express Scripts Holding Company (NASDAQ:ESRX) to report earnings on May, 2 after the close. They expect $1.76 earnings per share, up 32.33% or $0.43 from last year’s $1.33 per share. ESRX’s profit will be $988.30 million for 10.23 P/E if the $1.76 EPS becomes a reality. After $2.16 actual earnings per share reported by Express Scripts Holding Company for the previous quarter, Wall Street now forecasts -18.52% negative EPS growth.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on April, 24 before the open. They expect $1.11 EPS, up 16.84% or $0.16 from last year’s $0.95 per share. VZ’s profit will be $4.58B for 10.90 P/E if the $1.11 EPS becomes a reality. After $0.86 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 29.07% EPS growth.

Since October 27, 2017, it had 0 buys, and 2 selling transactions for $376,615 activity. Skiadas Anthony T also sold $346,957 worth of Verizon Communications Inc. (NYSE:VZ) shares.

Among 29 analysts covering Verizon Communications Inc. (NYSE:VZ), 10 have Buy rating, 0 Sell and 19 Hold. Therefore 34% are positive. Verizon Communications Inc. had 77 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, January 25 by Raymond James. The firm earned “Hold” rating on Friday, July 28 by Cowen & Co. HSBC upgraded Verizon Communications Inc. (NYSE:VZ) on Wednesday, March 28 to “Buy” rating. Robert W. Baird maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, October 4. Robert W. Baird has “Hold” rating and $49.0 target. On Wednesday, January 24 the stock rating was maintained by Bank of America with “Buy”. The firm earned “Buy” rating on Monday, October 24 by Drexel Hamilton. The rating was upgraded by Moffett Nathanson on Tuesday, February 21 to “Buy”. As per Wednesday, October 11, the company rating was maintained by KeyBanc Capital Markets. RBC Capital Markets maintained the shares of VZ in report on Monday, January 25 with “Outperform” rating. JP Morgan maintained it with “Neutral” rating and $58 target in Wednesday, January 24 report.

Express Scripts Holding Company (NASDAQ:ESRX) Institutional Positions Chart

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