Farmers Trust Co Decreased Verizon Communication (VZ) Holding as Market Value Declined; As Lifepoint Health (LPNT) Share Price Rose, Shareholder D-E Shaw & Company Has Trimmed by $796,603 Its Stake

June 23, 2018 - By Ash

LifePoint Health, Inc. (NASDAQ:LPNT) Logo

Farmers Trust Co decreased its stake in Verizon Communication (VZ) by 14.58% based on its latest 2018Q1 regulatory filing with the SEC. Farmers Trust Co sold 7,467 shares as the company’s stock declined 1.16% with the market. The institutional investor held 43,740 shares of the telecommunications equipment company at the end of 2018Q1, valued at $2.09 million, down from 51,207 at the end of the previous reported quarter. Farmers Trust Co who had been investing in Verizon Communication for a number of months, seems to be less bullish one the $205.60B market cap company. The stock increased 2.32% or $1.13 during the last trading session, reaching $49.76. About 40.98 million shares traded or 160.55% up from the average. Verizon Communications Inc. (NYSE:VZ) has risen 7.08% since June 23, 2017 and is uptrending. It has underperformed by 5.49% the S&P500. Some Historical VZ News: 22/05/2018 – New RootMetrics Mobile Performance Report for Denver: T-Mobile and Verizon Make Major Strides, Sweeping the Awards; 24/04/2018 – Verizon Sees FY Revenue Growth at Low Single-Digit Percentage Rates; 24/04/2018 – Verizon first-quarter results beat estimates; 30/05/2018 – Verizon Holds onto Mobile Performance Awards in San Francisco According to a New RootMetrics Report; 24/04/2018 – Verizon’s $4 Billion Tax Break Nearly Covers Its Yahoo Purchase; 19/03/2018 – Light Reading: Verizon, Cisco Lab Test ‘Information-Centric Networking’; 27/03/2018 – Verizon unveils public safety private core; 17/04/2018 – Strategy Analytics: Sprint’s FlixLatino Partnership Underlines a Different Path in Video to AT&T, T-Mobile and Verizon; 06/03/2018 – Indonesia says it blocks services on blogging site Tumblr over pornography; 15/05/2018 – VERIZON CEO SAYS HAS NO INTEREST IN LINEAR CONTENT COMPANY:CNBC

David Shaw decreased its stake in Lifepoint Health Inc (LPNT) by 47.18% based on its latest 2018Q1 regulatory filing with the SEC. D-E Shaw & Company Inc sold 16,949 shares as the company’s stock rose 18.73% while stock markets declined. The hedge fund run by David Shaw held 18,977 shares of the health care company at the end of 2018Q1, valued at $892,000, down from 35,926 at the end of the previous reported quarter. D-E Shaw & Company Inc who had been investing in Lifepoint Health Inc for a number of months, seems to be less bullish one the $2.01B market cap company. The stock decreased 2.17% or $1.15 during the last trading session, reaching $51.85. About 895,383 shares traded or 87.41% up from the average. LifePoint Health, Inc. (NASDAQ:LPNT) has declined 15.27% since June 23, 2017 and is downtrending. It has underperformed by 27.84% the S&P500. Some Historical LPNT News: 04/05/2018 – LIFEPOINT 1Q ADJ EPS $1.22, EST. $1.12; 30/04/2018 – LifePoint Closes Below 50-Day Moving Average: Technicals; 04/05/2018 – LIFEPOINT HEALTH INC QTRLY REVENUES $1,602.8 MLN VS $1,630.2 MLN; 02/05/2018 – LifePoint Health to Participate in Deutsche Bank 43rd Annual Health Care Conference; 19/04/2018 – DJ LifePoint Health Inc, Inst Holders, 1Q 2018 (LPNT); 30/04/2018 – M&G – North American Value Adds LifePoint, Cuts Alphabet; 16/05/2018 – LifePoint Presenting at Conference May 22; 21/05/2018 – LifePoint Presenting at Barclays Conference Tomorrow; 17/05/2018 – LifePoint Presenting at Barclays Conference May 22; 14/05/2018 – LifePoint Presenting at Bank of America Conference Tomorrow

Among 33 analysts covering Verizon Communications Inc. (NYSE:VZ), 17 have Buy rating, 0 Sell and 16 Hold. Therefore 52% are positive. Verizon Communications Inc. had 87 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Thursday, June 15 by Macquarie Research. The stock has “Outperform” rating by FBR Capital on Wednesday, October 21. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Monday, September 18 by Cowen & Co. Macquarie Research initiated the stock with “Neutral” rating in Tuesday, April 5 report. The rating was upgraded by Scotia Capital to “Buy” on Monday, January 22. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Equal-Weight” rating by Barclays Capital on Monday, April 18. SunTrust upgraded the shares of VZ in report on Wednesday, April 25 to “Buy” rating. The company was upgraded on Tuesday, December 12 by Nomura. The rating was maintained by Wells Fargo with “Buy” on Friday, June 8. As per Monday, September 7, the company rating was downgraded by Zacks.

Investors sentiment decreased to 0.97 in 2018 Q1. Its down 0.05, from 1.02 in 2017Q4. It turned negative, as 69 investors sold VZ shares while 675 reduced holdings. 132 funds opened positions while 593 raised stakes. 2.55 billion shares or 0.58% more from 2.54 billion shares in 2017Q4 were reported. Asset Mgmt invested 0.63% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Exchange Mngmt accumulated 47,585 shares. Stillwater Investment accumulated 49,184 shares. Louisiana State Employees Retirement Sys holds 0.55% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 252,100 shares. Horizon Investment Limited Liability Company holds 0.09% or 4,310 shares in its portfolio. Citigroup invested in 0.16% or 3.98M shares. Moreover, Prentiss Smith And Com Inc has 0.4% invested in Verizon Communications Inc. (NYSE:VZ). Park Avenue Limited Liability Co owns 32,470 shares. Boston Rech & Mngmt Inc owns 1.27% invested in Verizon Communications Inc. (NYSE:VZ) for 52,200 shares. 419,704 are held by Trillium Asset Mngmt Limited Liability Corp. Somerset Group Inc Limited Co holds 19,150 shares. Viking Fund Mgmt Ltd Liability Com invested in 137,000 shares. Stellar Cap Management Limited Com invested in 0.3% or 9,788 shares. Marshwinds Advisory has 47,244 shares. Dodge & Cox stated it has 0% in Verizon Communications Inc. (NYSE:VZ).

Since February 13, 2018, it had 0 insider buys, and 2 selling transactions for $444,552 activity.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on July, 26. They expect $1.15 EPS, up 19.79% or $0.19 from last year’s $0.96 per share. VZ’s profit will be $4.75B for 10.82 P/E if the $1.15 EPS becomes a reality. After $1.17 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -1.71% negative EPS growth.

Farmers Trust Co, which manages about $329.64M US Long portfolio, upped its stake in Cognizant Technology (NASDAQ:CTSH) by 12,630 shares to 60,243 shares, valued at $4.85 million in 2018Q1, according to the filing. It also increased its holding in 1Select Sector Spdr Tr (XLY) by 8,084 shares in the quarter, for a total of 44,143 shares, and has risen its stake in Glaxosmithkline Plc (NYSE:GSK).

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: 247Wallst.com which released: “6 Most Important Things in Business Today” on June 20, 2018, also Globenewswire.com with their article: “Mix and match your unlimited plans” published on June 14, 2018, Seekingalpha.com published: “Venture Capital Deals Of The Week: Tencent Bets On Online Education” on June 23, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Bizjournals.com and their article: “Spectrum launches lightning-fast internet to rival Cincinnati Bell” published on June 22, 2018 as well as Seekingalpha.com‘s news article titled: “For CenturyLink It Feels Like 2013 All Over Again” with publication date: June 19, 2018.

Investors sentiment increased to 0.98 in Q1 2018. Its up 0.16, from 0.82 in 2017Q4. It is positive, as 19 investors sold LPNT shares while 70 reduced holdings. 27 funds opened positions while 60 raised stakes. 40.97 million shares or 1.56% more from 40.34 million shares in 2017Q4 were reported. Federated Invsts Inc Pa invested in 0% or 8,517 shares. 93 were accumulated by Gemmer Asset Ltd Llc. State Street Corp stated it has 0% in LifePoint Health, Inc. (NASDAQ:LPNT). Guggenheim Capital Ltd Com reported 87,552 shares. Goldman Sachs holds 0.01% or 526,401 shares. Northwestern Mutual Wealth Management Company accumulated 28 shares. Vanguard Group Inc invested 0.01% of its portfolio in LifePoint Health, Inc. (NASDAQ:LPNT). Prudential Financial owns 0.01% invested in LifePoint Health, Inc. (NASDAQ:LPNT) for 126,264 shares. Winslow Evans Crocker accumulated 0% or 36 shares. Teachers Retirement Systems Of The State Of Kentucky has invested 0.01% in LifePoint Health, Inc. (NASDAQ:LPNT). Invesco Ltd owns 75,024 shares. Northern Trust Corp owns 344,296 shares. Nordea Investment Ab holds 0.09% or 812,329 shares. Teacher Retirement Of Texas accumulated 8,728 shares or 0% of the stock. 1,232 were reported by Tower Research Capital Limited Liability (Trc).

Among 24 analysts covering Lifepoint Hospitals (NASDAQ:LPNT), 5 have Buy rating, 3 Sell and 16 Hold. Therefore 21% are positive. Lifepoint Hospitals had 66 analyst reports since August 4, 2015 according to SRatingsIntel. Mizuho maintained the shares of LPNT in report on Thursday, March 22 with “Hold” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 3 report. The company was downgraded on Thursday, October 22 by Mizuho. Mizuho maintained the stock with “Hold” rating in Friday, October 27 report. The stock of LifePoint Health, Inc. (NASDAQ:LPNT) earned “Buy” rating by RBC Capital Markets on Tuesday, August 1. Raymond James upgraded the stock to “Outperform” rating in Wednesday, January 6 report. The firm has “Outperform” rating by Leerink Swann given on Tuesday, October 31. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, July 5. Robert W. Baird maintained LifePoint Health, Inc. (NASDAQ:LPNT) rating on Tuesday, March 27. Robert W. Baird has “Buy” rating and $5400 target. The stock has “Neutral” rating by Goldman Sachs on Wednesday, January 20.

Analysts await LifePoint Health, Inc. (NASDAQ:LPNT) to report earnings on August, 7. They expect $1.08 earnings per share, up 12.50% or $0.12 from last year’s $0.96 per share. LPNT’s profit will be $41.89 million for 12.00 P/E if the $1.08 EPS becomes a reality. After $1.22 actual earnings per share reported by LifePoint Health, Inc. for the previous quarter, Wall Street now forecasts -11.48% negative EPS growth.

D-E Shaw & Company Inc, which manages about $81.36B and $73.46B US Long portfolio, upped its stake in Leidos Hldgs Inc (NYSE:LDOS) by 187,980 shares to 211,180 shares, valued at $13.81 million in 2018Q1, according to the filing. It also increased its holding in Pacwest Bancorp Del (NASDAQ:PACW) by 124,262 shares in the quarter, for a total of 328,434 shares, and has risen its stake in Becton Dickinson & Co (NYSE:BDX).

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

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