Cvs Health (CVS) Shareholder Veritas Asset Management Llp Raised Stake; Verizon Communications (VZ) Holder Oakwood Capital Management Has Trimmed Its Holding

February 20, 2018 - By Kurt Siggers

Veritas Asset Management Llp increased its stake in Cvs Health Corp (CVS) by 2.8% based on its latest 2017Q3 regulatory filing with the SEC. Veritas Asset Management Llp bought 235,960 shares as the company’s stock declined 4.23% while stock markets rallied. The institutional investor held 8.67M shares of the medical and nursing services company at the end of 2017Q3, valued at $705.41M, up from 8.44 million at the end of the previous reported quarter. Veritas Asset Management Llp who had been investing in Cvs Health Corp for a number of months, seems to be bullish on the $71.10 billion market cap company. The stock decreased 2.52% or $1.81 during the last trading session, reaching $70.09. About 1.21M shares traded. CVS Health Corporation (NYSE:CVS) has declined 24.40% since February 20, 2017 and is downtrending. It has underperformed by 41.10% the S&P500.

Oakwood Capital Management Llc decreased its stake in Verizon Communications (VZ) by 96.04% based on its latest 2017Q3 regulatory filing with the SEC. Oakwood Capital Management Llc sold 101,041 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 4,169 shares of the telecommunications equipment company at the end of 2017Q3, valued at $206,000, down from 105,210 at the end of the previous reported quarter. Oakwood Capital Management Llc who had been investing in Verizon Communications for a number of months, seems to be less bullish one the $199.91 billion market cap company. The stock decreased 2.27% or $1.14 during the last trading session, reaching $49.01. About 3.66M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 20, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is the same, 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. Welch & Forbes Limited accumulated 422,761 shares. First Bancshares Of Newtown holds 1.45% or 104,239 shares. Wills Fincl Gru reported 80,236 shares. Pathstone Family Office Lc reported 391 shares stake. Selway Asset owns 1.34% invested in Verizon Communications Inc. (NYSE:VZ) for 46,696 shares. Alps Advsrs accumulated 1.01M shares. Manchester Cap Management Ltd Liability Corp reported 10,515 shares or 0.08% of all its holdings. Ohio-based James Invest Research has invested 0.01% in Verizon Communications Inc. (NYSE:VZ). Whitnell Com invested 0.24% in Verizon Communications Inc. (NYSE:VZ). Gamco Investors Et Al has invested 0.06% in Verizon Communications Inc. (NYSE:VZ). Rocky Mountain Advisers Ltd Com has 0.07% invested in Verizon Communications Inc. (NYSE:VZ). Bainco Invsts stated it has 108,576 shares. Wedgewood Investors Pa has invested 1.17% in Verizon Communications Inc. (NYSE:VZ). Violich Capital Mngmt holds 133,479 shares or 1.8% of its portfolio. Trustco National Bank & Trust N Y holds 1.38% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 28,836 shares.

Oakwood Capital Management Llc, which manages about $705.78 million and $428.34 million US Long portfolio, upped its stake in Dfa Ta Us Core Eqty 2 Port Fd (DFTCX) by 86,049 shares to 496,254 shares, valued at $8.56M in 2017Q3, according to the filing. It also increased its holding in Disney Walt Co (Holding Co) (NYSE:DIS) by 16,480 shares in the quarter, for a total of 58,263 shares, and has risen its stake in Dfa Core Equity 2 Pt Fd (DFQTX).

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 company was upgraded on Monday, November 20 by Wells Fargo. The firm has “Buy” rating given on Thursday, January 19 by HSBC. The stock of Verizon Communications Inc. (NYSE:VZ) has “Sector Outperform” rating given on Wednesday, October 21 by Scotia Capital. The rating was maintained by RBC Capital Markets with “Hold” on Monday, April 24. As per Friday, April 21, the company rating was downgraded by Argus Research. The company was downgraded on Wednesday, January 25 by RBC Capital Markets. The stock of Verizon Communications Inc. (NYSE:VZ) has “Sector Perform” rating given on Monday, July 31 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, September 17. JP Morgan maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, January 24 with “Neutral” rating. The firm earned “Neutral” rating on Wednesday, October 21 by Citigroup.

Since August 28, 2017, it had 0 insider buys, and 4 sales for $436,322 activity. Skiadas Anthony T sold $346,957 worth of stock or 6,967 shares.

Since August 23, 2017, it had 0 buys, and 5 sales for $38.09 million activity. 85,743 shares were sold by Roberts Jonathan C, worth $7.13 million. The insider Denton David M sold $18.88 million. 20,547 shares were sold by Moriarty Thomas M, worth $1.67 million on Monday, October 2. Another trade for 39,340 shares valued at $3.22M was made by Foulkes Helena on Friday, September 15.

Veritas Asset Management Llp, which manages about $12.23B US Long portfolio, decreased its stake in Alibaba Group Holding (NYSE:BABA) by 40,000 shares to 135,000 shares, valued at $23.32M in 2017Q3, according to the filing. It also reduced its holding in Charter Communications Inc N by 1.18M shares in the quarter, leaving it with 2.67 million shares, and cut its stake in Baxter International Inc (NYSE:BAX).

Among 25 analysts covering CVS Health (NYSE:CVS), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. CVS Health had 72 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Leerink Swann with “Buy” on Monday, January 8. The firm earned “Neutral” rating on Monday, November 13 by Citigroup. On Monday, December 4 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Tigress Financial on Tuesday, December 26 with “Buy”. The stock of CVS Health Corporation (NYSE:CVS) has “Buy” rating given on Tuesday, June 13 by Cowen & Co. The company was downgraded on Monday, February 6 by Atlantic Securities. The stock of CVS Health Corporation (NYSE:CVS) has “Equal-Weight” rating given on Monday, June 20 by Morgan Stanley. The stock of CVS Health Corporation (NYSE:CVS) earned “Buy” rating by Needham on Friday, November 10. The firm earned “Hold” rating on Friday, June 9 by Jefferies. The firm earned “Buy” rating on Wednesday, November 9 by Mizuho.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: