Costco Wholesale (COST) Forms $192.02 Double Top; Verizon Communications (VZ) Has 1.02 Sentiment

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Verizon Communications Inc (VZ) investors sentiment increased to 1.02 in 2017 Q4. It’s up 0.14, from 0.88 in 2017Q3. The ratio is better, as 733 institutional investors increased or started new holdings, while 719 sold and reduced holdings in Verizon Communications Inc. The institutional investors in our database now hold: 2.54 billion shares, up from 2.53 billion shares in 2017Q3. Also, the number of institutional investors holding Verizon Communications Inc in top ten holdings increased from 75 to 85 for an increase of 10. Sold All: 57 Reduced: 662 Increased: 592 New Position: 141.

Costco Wholesale Corporation (COST) formed double top with $203.54 target or 6.00% above today’s $192.02 share price. Costco Wholesale Corporation (COST) has $84.26B valuation. The stock decreased 1.02% or $1.98 during the last trading session, reaching $192.02. About 216,130 shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 14.69% since May 3, 2017 and is uptrending. It has outperformed by 3.14% the S&P500.

American Investment Services Inc. holds 9.11% of its portfolio in Verizon Communications Inc. for 471,003 shares. 10 owns 614,452 shares or 7.79% of their US portfolio. Moreover, Cincinnati Indemnity Co has 7.14% invested in the company for 34,300 shares. The Massachusetts-based Excalibur Management Corp has invested 6.29% in the stock. Clark Estates Inc Ny, a New York-based fund reported 689,282 shares.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment services and products to consumers, businesses, and governmental agencies worldwide. The company has market cap of $197.06 billion. The Company’s Wireless segment offers wireless voice and data services; Internet access on various smart and basic phones, notebook computers, and tablets; and multimedia access, business-focused, location-based, global data, home phone handsets, and high-speed Internet services, as well as network access and value added services to support wireless connections for the Internet of Things . It has a 6.48 P/E ratio. This segment also provides IoT services that support devices used in fleet management and telematics, energy, agricultural technology, and smart community markets; and wireless devices, such as smartphones and basic phones, tablets, and other Internet access devices.

Ratings analysis reveals 44% of Verizon’s analysts are positive. Out of 9 Wall Street analysts rating Verizon, 4 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $49.0 while the high is $52.0. The stock’s average target of $50.67 is 6.25% above today’s ($47.69) share price. VZ was included in 9 notes of analysts from October 24, 2016. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by Drexel Hamilton on Monday, October 24. The rating was downgraded by Wells Fargo on Monday, January 23 to “Market Perform”. As per Wednesday, January 25, the company rating was downgraded by Raymond James. RBC Capital Markets downgraded Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, January 25. RBC Capital Markets has “Sector Perform” rating and $51.0 target. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Equal Weight” rating by Barclays Capital on Thursday, April 13. The firm has “Buy” rating by Moffett Nathanson given on Tuesday, February 21. The firm has “Buy” rating given on Thursday, January 19 by HSBC. As per Wednesday, January 25, the company rating was downgraded by FBR Capital. As per Tuesday, January 3, the company rating was upgraded by Citigroup.

The stock decreased 0.13% or $0.06 during the last trading session, reaching $47.69. About 1.57 million shares traded. Verizon Communications Inc. (VZ) has declined 3.72% since May 3, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $346,957 activity.

Since December 18, 2017, it had 0 insider purchases, and 14 insider sales for $21.65 million activity. GALANTI RICHARD A sold $958,087 worth of stock or 5,000 shares. MEISENBACH JOHN W sold $580,230 worth of stock. Vachris Roland Michael sold 5,200 shares worth $977,510. $2.21 million worth of Costco Wholesale Corporation (NASDAQ:COST) shares were sold by MOULTON PAUL G. Another trade for 12,393 shares valued at $2.41M was made by Miller Russell D on Thursday, April 19. 5,000 shares valued at $937,421 were sold by Murphy James P. on Friday, January 5. Hines Daniel M. also sold $943,080 worth of Costco Wholesale Corporation (NASDAQ:COST) on Monday, January 8.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on May, 24. They expect $1.67 earnings per share, up 19.29% or $0.27 from last year’s $1.4 per share. COST’s profit will be $732.83M for 28.75 P/E if the $1.67 EPS becomes a reality. After $1.42 actual earnings per share reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts 17.61% EPS growth.

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.21, from 1.19 in 2017Q3. It worsened, as 64 investors sold Costco Wholesale Corporation shares while 442 reduced holdings. 134 funds opened positions while 364 raised stakes. 308.22 million shares or 1.23% more from 304.48 million shares in 2017Q3 were reported. Moreover, Wright Investors has 0.16% invested in Costco Wholesale Corporation (NASDAQ:COST). Old Second Savings Bank Of Aurora holds 608 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems accumulated 39,088 shares. Murphy Capital Management Inc owns 0.08% invested in Costco Wholesale Corporation (NASDAQ:COST) for 2,985 shares. Fishman Jay A Ltd Mi holds 0.46% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 13,205 shares. M&T Financial Bank Corporation has 0.21% invested in Costco Wholesale Corporation (NASDAQ:COST) for 215,263 shares. Barr E S & holds 0.06% or 3,096 shares. Family Firm holds 1,267 shares or 0.09% of its portfolio. Bancorp Of America Corporation De holds 7.15 million shares or 0.22% of its portfolio. Sit Investment Assoc stated it has 69,965 shares or 0.31% of all its holdings. Wasatch Advisors owns 0.09% invested in Costco Wholesale Corporation (NASDAQ:COST) for 36,075 shares. 81,201 are owned by Utah Retirement Systems. Reilly Herbert Faulkner Iii stated it has 26,349 shares or 2.66% of all its holdings. Walter And Keenan Fincl Consulting Mi Adv has invested 0.15% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Barrett Asset Mngmt Ltd Limited Liability Company stated it has 32,192 shares or 0.42% of all its holdings.

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