Verizon Communications (VZ) Share Price Declined While Haverford Trust Company Trimmed Its Holding by $357,656; Teekay Offshore Partners LP (TOO) Holder Brookfield Asset Management Has Upped Its Stake by $487.65 Million as Share Price Rose

April 24, 2018 - By Michael Collier

Verizon Communications Inc. (NYSE:VZ) Logo

Brookfield Asset Management Inc increased its stake in Teekay Offshore Partners Lp (TOO) by 139163.84% based on its latest 2017Q4 regulatory filing with the SEC. Brookfield Asset Management Inc bought 243.82M shares as the company’s stock rose 1.75% while stock markets declined. The hedge fund held 244.00M shares of the marine transportation company at the end of 2017Q4, valued at $575.84M, up from 175,207 at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Teekay Offshore Partners Lp for a number of months, seems to be bullish on the $1.09 billion market cap company. The stock increased 1.97% or $0.05 during the last trading session, reaching $2.59. About 472,653 shares traded. Teekay Offshore Partners L.P. (NYSE:TOO) has declined 51.56% since April 24, 2017 and is downtrending. It has underperformed by 63.11% the S&P500.

Haverford Trust Company decreased its stake in Verizon Communications (VZ) by 0.93% based on its latest 2017Q4 regulatory filing with the SEC. Haverford Trust Company sold 6,878 shares as the company’s stock declined 11.05% with the market. The institutional investor held 735,601 shares of the telecommunications equipment company at the end of 2017Q4, valued at $38.94 million, down from 742,479 at the end of the previous reported quarter. Haverford Trust Company who had been investing in Verizon Communications for a number of months, seems to be less bullish one the $204.62 billion market cap company. The stock increased 1.87% or $0.91 during the last trading session, reaching $49.57. About 12.50M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since April 24, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Since October 27, 2017, it had 0 insider purchases, and 2 insider sales for $376,615 activity. On Friday, October 27 SILLIMAN CRAIG L. sold $29,658 worth of Verizon Communications Inc. (NYSE:VZ) or 610 shares.

Haverford Trust Company, which manages about $5.09 billion US Long portfolio, upped its stake in Ishares Barclays 7 (IEF) by 5,779 shares to 104,112 shares, valued at $10.99M in 2017Q4, according to the filing. It also increased its holding in Ishares Barclays 1 (CSJ) by 31,852 shares in the quarter, for a total of 296,268 shares, and has risen its stake in 3M Company (NYSE:MMM).

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.14, from 0.88 in 2017Q3. It improved, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Ohio-based Torch Wealth Ltd Company has invested 0.98% in Verizon Communications Inc. (NYSE:VZ). Wealth Architects Ltd Liability Corporation has 0.2% invested in Verizon Communications Inc. (NYSE:VZ) for 11,582 shares. Homrich Berg reported 55,059 shares. Cullen Mngmt Ltd Co has invested 0.17% of its portfolio in Verizon Communications Inc. (NYSE:VZ). 436,009 were accumulated by Bokf Na. 897,148 are owned by Connor Clark & Lunn Management Ltd. Harvest Capital Management accumulated 4,458 shares. Guardian Capital Limited Partnership, Ontario – Canada-based fund reported 404,611 shares. Clearbridge Limited Liability Corporation owns 5.88M shares. Buckingham Cap Mngmt accumulated 30,425 shares. Windward Cap Mgmt Ca stated it has 0.2% in Verizon Communications Inc. (NYSE:VZ). Rampart Investment Mgmt Lc has invested 1.1% in Verizon Communications Inc. (NYSE:VZ). Cypress Cap Management Limited Co invested 2.61% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Wealthtrust Axiom Limited Liability Company has invested 1.53% in Verizon Communications Inc. (NYSE:VZ). Bowling Port Ltd Liability Corporation, a Ohio-based fund reported 70,006 shares.

Among 29 analysts covering Verizon Communications Inc. (NYSE:VZ), 11 have Buy rating, 0 Sell and 18 Hold. Therefore 38% are positive. Verizon Communications Inc. had 78 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Overweight” rating by Barclays Capital on Monday, April 23. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, September 17. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Tuesday, January 3 by Citigroup. As per Tuesday, August 11, the company rating was downgraded by Vetr. Raymond James downgraded the stock to “Mkt Perform” rating in Wednesday, January 25 report. The stock has “Neutral” rating by Nomura on Friday, October 16. The firm earned “Sector Outperform” rating on Monday, January 22 by Howard Weil. On Tuesday, December 12 the stock rating was upgraded by Nomura to “Buy”. Jefferies maintained the stock with “Hold” rating in Wednesday, January 24 report. Oppenheimer maintained Verizon Communications Inc. (NYSE:VZ) on Thursday, July 27 with “Hold” rating.

Among 9 analysts covering Teekay Offshore (NYSE:TOO), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Teekay Offshore had 17 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Monday, February 12 by Morgan Stanley. The firm has “Accumulate” rating by Global Hunter Securities given on Tuesday, August 4. The rating was maintained by RBC Capital Markets on Thursday, December 17 with “Sector Perform”. As per Thursday, September 14, the company rating was upgraded by Wells Fargo. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, April 19. The company was downgraded on Thursday, December 17 by Seaport Global Securities. The rating was downgraded by Raymond James on Friday, July 28 to “Market Perform”. RBC Capital Markets upgraded the shares of TOO in report on Thursday, August 18 to “Outperform” rating. On Wednesday, November 15 the stock rating was maintained by UBS with “Buy”. RBC Capital Markets maintained Teekay Offshore Partners L.P. (NYSE:TOO) rating on Thursday, August 13. RBC Capital Markets has “Sector Perform” rating and $21 target.

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

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By1 Michael Collier

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