Advent Capital Management Increased Verizon Communications (VZ) Holding By $1.76 Million; Blackrock Municipal Target Term Trust (BTT)’s Sentiment Is 1.32

November 15, 2017 - By Winifred Garcia

Advent Capital Management increased Verizon Communications Inc (VZ) stake by 32% reported in 2017Q2 SEC filing. Advent Capital Management acquired 40,000 shares as Verizon Communications Inc (VZ)’s stock declined 7.66%. The Advent Capital Management holds 165,000 shares with $7.37 million value, up from 125,000 last quarter. Verizon Communications Inc now has $180.39 billion valuation. The stock rose 0.09% or $0.04 reaching $44.26 per share. About 117,097 shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since November 15, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Bitterroot Resources Ltd. is a Canada mineral resource company. The company has market cap of $5.55 million. The Firm through its subsidiaries, is engaged in the acquisition and exploration of mineral properties. It currently has negative earnings. The Company’s properties include Michigan Lands, Michigan; LM Property; North Brenda Project, British Columbia and Hackberry Property.

Since May 30, 2017, it had 0 insider purchases, and 1 insider sale for $27,657 activity. On Tuesday, May 30 SILLIMAN CRAIG L. sold $27,657 worth of Verizon Communications Inc. (NYSE:VZ) or 610 shares.

Advent Capital Management decreased Western Gas Equity Partners Lp stake by 86,811 shares to 197,103 valued at $8.09 million in 2017Q2. It also reduced Micron Technology Inc (Prn) stake by 5.95 million shares and now owns 120.07 million shares. Illumina Inc (Prn) was reduced too.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold. Therefore 23% are positive. Verizon Communications Inc. had 57 analyst reports since July 22, 2015 according to SRatingsIntel. Moffet Nathanson downgraded the stock to “Neutral” rating in Friday, April 1 report. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Friday, October 20. RBC Capital Markets has “Hold” rating and $52.0 target. On Wednesday, October 21 the stock rating was maintained by Citigroup with “Neutral”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, July 31 report. On Wednesday, October 11 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. On Friday, October 20 the stock rating was maintained by Bank of America with “Buy”. HSBC initiated the stock with “Buy” rating in Thursday, January 19 report. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by Jefferies on Thursday, April 7. The stock has “Hold” rating by RBC Capital Markets on Sunday, September 17. The stock has “Hold” rating by Zacks on Friday, August 14.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.12, from 1 in 2017Q1. It worsened, 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. Kj Harrison & Partners Inc, a Ontario – Canada-based fund reported 62,850 shares. Natl Planning Corporation invested in 0.3% or 88,278 shares. Miles Cap holds 4,653 shares or 0.11% of its portfolio. 24.66M were reported by Deutsche Fincl Bank Ag. Avenir Corp has 6,510 shares. Monarch Cap holds 19,718 shares or 0.33% of its portfolio. Newman Dignan Sheerar invested in 39,019 shares or 0.97% of the stock. Riverpoint Cap Ltd Liability Corporation holds 0.35% in Verizon Communications Inc. (NYSE:VZ) or 111,835 shares. Creative Planning holds 482,195 shares or 0.11% of its portfolio. Advent Cap Mgmt De owns 165,000 shares or 0.14% of their US portfolio. Kansas-based Meritage Management has invested 0.38% in Verizon Communications Inc. (NYSE:VZ). Plancorp Limited Liability Co owns 24,117 shares or 0.32% of their US portfolio. Meristem Llp has invested 0.12% in Verizon Communications Inc. (NYSE:VZ). 10 invested 7.39% in Verizon Communications Inc. (NYSE:VZ). Sei owns 920,337 shares or 0.16% of their US portfolio.

It closed at $0.155 lastly. It is down 0.56% since November 15, 2016 and is downtrending. It has underperformed by 17.26% the S&P500.

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