Winch Advisory Services Lowered Verizon Communications Com (VZ) Position by $563,472; Signature Financial Management Has Cut Its Chevron New (CVX) Position by $354,125

May 27, 2018 - By Ellis Scott

Chevron Corporation (NYSE:CVX) Logo

Winch Advisory Services Llc decreased its stake in Verizon Communications Com (VZ) by 11.77% based on its latest 2017Q4 regulatory filing with the SEC. Winch Advisory Services Llc sold 10,836 shares as the company’s stock declined 11.05% with the market. The institutional investor held 81,263 shares of the telecommunications equipment company at the end of 2017Q4, valued at $4.30 million, down from 92,099 at the end of the previous reported quarter. Winch Advisory Services Llc who had been investing in Verizon Communications Com for a number of months, seems to be less bullish one the $200.48 billion market cap company. The stock decreased 0.25% or $0.12 during the last trading session, reaching $48.52. About 7.95 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since May 27, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Signature Financial Management Inc decreased its stake in Chevron Corp New (CVX) by 61.1% based on its latest 2017Q4 regulatory filing with the SEC. Signature Financial Management Inc sold 2,833 shares as the company’s stock declined 8.26% with the market. The hedge fund held 1,804 shares of the integrated oil company at the end of 2017Q4, valued at $226,000, down from 4,637 at the end of the previous reported quarter. Signature Financial Management Inc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $233.50 billion market cap company. The stock decreased 3.49% or $4.42 during the last trading session, reaching $122.19. About 8.94 million shares traded or 32.01% up from the average. Chevron Corporation (NYSE:CVX) has risen 7.88% since May 27, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Winch Advisory Services Llc, which manages about $228.69M and $166.32 million US Long portfolio, upped its stake in Netflix.Com Inc Com (NASDAQ:NFLX) by 1,581 shares to 10,178 shares, valued at $1.95 million in 2017Q4, according to the filing. It also increased its holding in Bank Of America Corp Com (NYSE:BAC) by 47,255 shares in the quarter, for a total of 49,467 shares, and has risen its stake in Celgene Corp Com (NASDAQ:CELG).

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

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on July, 26. They expect $1.14 EPS, up 18.75% or $0.18 from last year’s $0.96 per share. VZ’s profit will be $4.71 billion for 10.64 P/E if the $1.14 EPS becomes a reality. After $1.17 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -2.56% negative EPS growth.

Among 31 analysts covering Verizon Communications Inc. (NYSE:VZ), 15 have Buy rating, 0 Sell and 16 Hold. Therefore 48% are positive. Verizon Communications Inc. had 84 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Thursday, January 19 by HSBC. The firm has “Outperform” rating by Wells Fargo given on Monday, November 20. On Friday, October 20 the stock rating was maintained by RBC Capital Markets with “Hold”. Raymond James downgraded Verizon Communications Inc. (NYSE:VZ) on Wednesday, January 25 to “Mkt Perform” rating. The company was maintained on Wednesday, October 11 by KeyBanc Capital Markets. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by Vetr on Tuesday, August 11. The firm has “Buy” rating by Citigroup given on Tuesday, January 3. The company was upgraded on Tuesday, February 21 by Moffett Nathanson. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Sunday, September 17. RBC Capital Markets has “Hold” rating and $50.0 target. The stock of Verizon Communications Inc. (NYSE:VZ) has “Hold” rating given on Friday, April 21 by Argus Research.

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.14, from 0.88 in 2017Q3. It is positive, 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. Thomaspartners accumulated 6.57M shares. Gateway Advisory Ltd Liability Corp owns 8,560 shares. Nelson Roberts Invest Advsr Limited Co invested in 2.91% or 176,514 shares. Rathbone Brothers Public Limited Com owns 1.31M shares. Moreover, Lederer & Investment Counsel Ca has 0.49% invested in Verizon Communications Inc. (NYSE:VZ). Cypress Capital Gru invested in 0.88% or 79,606 shares. Matrix Asset has invested 1.56% in Verizon Communications Inc. (NYSE:VZ). Tru Of Toledo Na Oh has 0.98% invested in Verizon Communications Inc. (NYSE:VZ). At Bancorp accumulated 0.14% or 25,383 shares. Maryland-based Lockheed Martin Management has invested 0.19% in Verizon Communications Inc. (NYSE:VZ). 35,609 are held by Greenwich Wealth Management Limited Liability Company. Cullinan Assocs Incorporated stated it has 0.59% of its portfolio in Verizon Communications Inc. (NYSE:VZ). 82,584 were reported by Everence Capital Mgmt. Buffington Mohr Mcneal invested 0.85% in Verizon Communications Inc. (NYSE:VZ). Fulton Savings Bank Na owns 140,826 shares for 0.53% of their portfolio.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Globenewswire.com which released: “Verizon to speak at JP Morgan conference May 16” on May 15, 2018, also Globenewswire.com with their article: “Verizon to repurchase debt securities” published on May 11, 2018, Profitconfidential.com published: “Cloudera Stock: Battered Cloud Data Play Rallying After Oversold Selling” on May 27, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Globenewswire.com and their article: “My Verizon App is now available en español” published on May 01, 2018 as well as Fool.com‘s news article titled: “Verizon Aims to Be Much More Than a Phone Company” with publication date: May 10, 2018.

Since April 17, 2018, it had 0 insider purchases, and 8 selling transactions for $48.52 million activity. $3.31M worth of Chevron Corporation (NYSE:CVX) was sold by Pate R. Hewitt on Wednesday, May 9. Shares for $1.54 million were sold by Geagea Joseph C on Monday, May 7. $3.26M worth of stock was sold by Breber Pierre R on Monday, May 14. Yarrington Patricia E also sold $17.55M worth of Chevron Corporation (NYSE:CVX) on Friday, May 11.

More notable recent Chevron Corporation (NYSE:CVX) news were published by: Seekingalpha.com which released: “The End Of The Iran Nuclear Deal And Your Portfolio” on May 27, 2018, also Seekingalpha.com with their article: “Chevron 2018 Turns Into A Cash Machine” published on May 03, 2018, Investorplace.com published: “Use Cautious Optimism With Chevron Corporation Stock Right Now” on May 15, 2018. More interesting news about Chevron Corporation (NYSE:CVX) were released by: Seekingalpha.com and their article: “Chevron: I Was Wrong” published on May 07, 2018 as well as Marketwatch.com‘s news article titled: “Chevron, Exxon Mobil stock selloffs cutting nearly 40 points off the Dow” with publication date: May 25, 2018.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.04, from 0.95 in 2017Q3. It improved, as 51 investors sold CVX shares while 686 reduced holdings. 122 funds opened positions while 608 raised stakes. 1.19 billion shares or 0.58% more from 1.18 billion shares in 2017Q3 were reported. Bingham Osborn & Scarborough Ltd reported 18,289 shares or 0.21% of all its holdings. Bourgeon Cap Mgmt Limited Company reported 1,646 shares or 0.11% of all its holdings. Tiverton Asset Limited owns 22,912 shares for 0.18% of their portfolio. Comm National Bank holds 958,655 shares. King Wealth Management Gp Limited Liability Corp holds 0.81% or 18,352 shares. Driehaus Capital Ltd Liability holds 4,000 shares or 0.02% of its portfolio. Cortland Advisers Ltd stated it has 1.10M shares. Waters Parkerson And Ltd stated it has 247,810 shares. Blue Edge Cap Lc holds 0.15% or 2,958 shares in its portfolio. Pittenger Anderson stated it has 20,611 shares or 0.23% of all its holdings. National Bank Of Montreal Can invested in 5.73M shares or 0.62% of the stock. Bowling Portfolio Ltd Limited Liability Company holds 9,393 shares. Bbva Compass Fincl Bank Inc holds 53,665 shares. Advisers Limited Company invested in 708,465 shares. Gideon Advisors Incorporated owns 3,355 shares.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on July, 27. They expect $1.87 earnings per share, up 105.49% or $0.96 from last year’s $0.91 per share. CVX’s profit will be $3.57B for 16.34 P/E if the $1.87 EPS becomes a reality. After $1.90 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts -1.58% negative EPS growth.

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

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