Puplava Financial Services Has Cut Microsoft (MSFT) Holding by $522,884; Shares Rose; As Verizon Communications (VZ) Stock Value Declined, Wesbanco Bank Has Lifted Its Holding

February 20, 2018 - By Kurt Siggers

Wesbanco Bank Inc increased its stake in Verizon Communications (VZ) by 3.44% based on its latest 2017Q3 regulatory filing with the SEC. Wesbanco Bank Inc bought 9,751 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 292,905 shares of the telecommunications equipment company at the end of 2017Q3, valued at $14.50M, up from 283,154 at the end of the previous reported quarter. Wesbanco Bank Inc who had been investing in Verizon Communications for a number of months, seems to be bullish on the $200.39B market cap company. The stock decreased 2.04% or $1.0236 during the last trading session, reaching $49.1264. About 9.35 million 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.

Puplava Financial Services Inc decreased its stake in Microsoft Corp (MSFT) by 4.85% based on its latest 2017Q3 regulatory filing with the SEC. Puplava Financial Services Inc sold 7,066 shares as the company’s stock rose 4.75% with the market. The institutional investor held 138,697 shares of the prepackaged software company at the end of 2017Q3, valued at $10.33 million, down from 145,763 at the end of the previous reported quarter. Puplava Financial Services Inc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $715.08 billion market cap company. The stock increased 0.95% or $0.87 during the last trading session, reaching $92.87. About 10.18M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since February 20, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It has no change, 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. 13,150 were accumulated by Segment Wealth Mngmt Ltd Liability Corporation. Fiera Capital Corp invested 0% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Wills Fincl Inc invested in 80,236 shares. Bbva Compass National Bank & Trust Inc holds 74,780 shares or 0.24% of its portfolio. Legal & General Gp Public Limited Co reported 0.91% in Verizon Communications Inc. (NYSE:VZ). Altrinsic Glob Advisors Ltd Llc holds 613,150 shares. Rampart Management Co Ltd Limited Liability Company reported 0.91% stake. Mitchell Sinkler & Starr Pa holds 26,048 shares or 2.02% of its portfolio. 113,624 are owned by Tnb Financial. Moreover, St Johns Invest Management Ltd has 0.74% invested in Verizon Communications Inc. (NYSE:VZ). Ironwood Investment Counsel Limited Liability Com accumulated 20,940 shares. Martin Communications Tn reported 33,338 shares or 0.54% of all its holdings. Eagle Ridge Investment Management invested 0.13% in Verizon Communications Inc. (NYSE:VZ). Pnc Fin Ser Grp, Pennsylvania-based fund reported 9.06M shares. Teachers Retirement System Of The State Of Kentucky reported 916,980 shares.

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. As per Tuesday, January 23, the company rating was maintained by SunTrust. The firm has “Buy” rating given on Tuesday, February 21 by Moffett Nathanson. On Thursday, October 19 the stock rating was maintained by Cowen & Co with “Hold”. The firm has “Hold” rating by RBC Capital Markets given on Monday, April 24. The firm earned “Market Perform” rating on Monday, January 23 by Wells Fargo. The firm has “Buy” rating given on Tuesday, January 3 by Citigroup. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Monday, July 31. RBC Capital Markets has “Sector Perform” rating and $50 target. As per Thursday, February 4, the company rating was initiated by DA Davidson. The stock of Verizon Communications Inc. (NYSE:VZ) has “Sector Outperform” rating given on Wednesday, October 21 by Scotia Capital. The firm earned “Hold” rating on Tuesday, July 18 by Cowen & Co.

Wesbanco Bank Inc, which manages about $900.26M and $1.92 billion US Long portfolio, decreased its stake in I Shares (IWF) by 3,678 shares to 13,188 shares, valued at $1.65 million in 2017Q3, according to the filing. It also reduced its holding in Boeing (NYSE:BA) by 8,977 shares in the quarter, leaving it with 117,794 shares, and cut its stake in Constellation Brands Inc. (NYSE:STZ).

Since August 28, 2017, it had 0 insider buys, and 4 selling transactions for $436,322 activity. 6,967 Verizon Communications Inc. (NYSE:VZ) shares with value of $346,957 were sold by Skiadas Anthony T.

Puplava Financial Services Inc, which manages about $312.12M and $194.70M US Long portfolio, upped its stake in Select Sector Spdr Tr (XLV) by 23,273 shares to 46,688 shares, valued at $3.82M in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (IWM) by 3,336 shares in the quarter, for a total of 5,900 shares, and has risen its stake in Caterpillar Inc Del (NYSE:CAT).

Since August 29, 2017, it had 0 insider purchases, and 2 sales for $5.98 million activity. On Wednesday, August 30 the insider COURTOIS JEAN PHILIPPE sold $1.98M.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 78% are positive. Microsoft Corporation had 167 analyst reports since July 22, 2015 according to SRatingsIntel. Goldman Sachs upgraded the shares of MSFT in report on Thursday, November 17 to “Buy” rating. The firm has “Buy” rating given on Friday, July 21 by Piper Jaffray. Barclays Capital maintained the shares of MSFT in report on Friday, October 23 with “Overweight” rating. The stock has “Sell” rating by Jefferies on Tuesday, June 13. BMO Capital Markets maintained it with “Outperform” rating and $62 target in Wednesday, July 20 report. The firm has “Hold” rating given on Friday, July 21 by M Partners. Cowen & Co maintained the stock with “Market Perform” rating in Friday, April 1 report. On Tuesday, August 22 the stock rating was maintained by Credit Suisse with “Buy”. Canaccord Genuity maintained Microsoft Corporation (NASDAQ:MSFT) rating on Wednesday, January 31. Canaccord Genuity has “Buy” rating and $94.0 target. The stock has “Buy” rating by Deutsche Bank on Friday, July 21.

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