Shares of Sprint Corp (NYSE:S), AT&T Inc. (NYSE:T) & AT&T Inc. (NYSE:T) are all down at this moment in afternoon trading.
Shares of Verizon Communications Inc. (NYSE:VZ) are down 0.72% or $0.33 today, hitting $45.77 per share. Approximately 11.04M shares traded hands. VZ shares have declined 7.41% since May 15, 2015 and are currently downtrending. It has underperformed the S&P500 by 5.15%.
From a total of 11 analysts covering Verizon Communications Inc. (NYSE:VZ) stock, 5 rate it a “Buy”, 1 a “Sell”, and 5 a “Hold”. This means that 45% of the ratings are positive. The highest target price is $54 while the lowest target price is $44. The mean of all analyst targets is $50.06 which is 9.37% above today’s ($45.77) stock price. Verizon Communications Inc. was the topic of 15 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on October 21 with a “Neutral” rating. Zacks upgraded shares to a”Hold” rating and a $53 target share price in their report from an August 14. Argus Research maintained VZ stock in a recent report from October 21 with a “Buy” rating. Vetr downgraded the rating on August 11. Vetr has a “Buy” rating and a $48.62 price target on shares. Finally, Nomura initiated the stock with a “Neutral” rating in a report they issued on an October 16.
The institutional sentiment increased to 1.19 in Q2 2015. It’s up 0.05, from 1.14 in 2015Q2. The ratio increased, as 68 funds sold all their Verizon Communications Inc. shares they owned while 651 reduced their positions. 89 funds bought stakes while 770 increased their total positions. Institutions now own 2.31 billion shares which is 8.50% less than the previous share count of 2.52 billion in 2015Q2.
American Investment Services Inc. holds 10.12% of its total portfolio in Verizon Communications Inc., equating to 417,677 shares. Quaker Capital Investments Llc owns 376,438 shares representing 9.71% of their total US portfolio. Moreover, Rathbone Brothers Plc has 9.02% of their total portfolio invested in the company, equating to 3.11 million shares. The Alabama-based 10 has a total of 8.8% of their portfolio invested in the stock. King Investment Advisors Inc Tx, a Texas-based fund reported 28,870 shares owned.
Since May 1, 2015, the stock had 0 buys, and 1 insider sale for a total of $380,674 in net activity. Walden Marni M sold 8,229 shares worth $380,674. Skiadas Anthony T sold 2,708 shares worth $137,404. Mead Daniel S. sold 24,945 shares worth $1.26 million.
Verizon Communications Inc. is a holding firm that, acting through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. The company has a market cap of $189.70 billion. The Company’s divisions include Wireless and Wireline. It has 18.21 P/E ratio. The Wireless segment includes the Cellco Partnership doing business as Verizon Wireless.
AT&T Inc. (NYSE:T) is down 0.44% or $0.15 today, hitting $33.88 per share. Approximately 15.57M shares traded hands. T shares have declined 0.87% since May 15, 2015 and are currently downtrending. It has outperformed the S&P500 by 1.39%.
From a total of 9 analysts covering AT&T Inc. (NYSE:T) stock, 5 rate it a “Buy”, 0 a “Sell”, and 4 a “Hold”. This means that 56% of the ratings are positive. The highest target price is $47 while the lowest target price is $35. The mean of all analyst targets is $38.67 which is 14.14% above today’s ($33.88) stock price. AT&T Inc. was the topic of 12 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on September 5 with a “Outperform” rating. Macquarie Research maintained T stock in a recent report from September 1 with a “Buy” rating. Finally, FBR Capital maintained the stock with a “Mkt Perform” rating in a report they issued on a July 24.
The institutional sentiment increased to 2.21 in Q2 2015. It’s up 1.31, from 0.9 in 2015Q2. The ratio improved, as 69 funds sold all their AT&T Inc. shares they owned while 426 reduced their positions. 143 funds bought stakes while 952 increased their total positions. Institutions now own 3.30 billion shares which is 19.98% more than the previous share count of 2.75 billion in 2015Q2.
King Investment Advisors Inc Tx holds 46.24% of its total portfolio in AT&T Inc., equating to 209,336 shares. Evercore Trust Company N.A. owns 203.44 million shares representing 25.57% of their total US portfolio. Moreover, Mediatel Partners has 15.54% of their total portfolio invested in the company, equating to 935,304 shares. The Massachusetts-based Excalibur Management Corp has a total of 8.52% of their portfolio invested in the stock. American Investment Services Inc., a Massachusetts-based fund reported 391,453 shares owned.
AT&T Inc. is a holding company. The Company provides telecommunications services. The company has a market cap of $211.50 billion. The Company’s services and products include wireless communications, data/broadband and Internet services, video services, local exchange services, long-distance services, telecommunications equipment, managed networking and wholesale services. It has 39.56 P/E ratio. The Company’s divisions include Wireless, Wireline and International.