As Verizon Commun (VZ) Shares Declined, Washington Trust Company Has L…

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Itaú Unibanco Holding S.A. (NYSE:ITUB) Logo

Thornburg Investment Management Inc increased its stake in Itau Unibanco H (ITUB) by 6.22% based on its latest 2018Q4 regulatory filing with the SEC. Thornburg Investment Management Inc bought 158,603 shares as the company’s stock rose 1.51% with the market. The institutional investor held 2.71M shares of the major banks company at the end of 2018Q4, valued at $24.77M, up from 2.55M at the end of the previous reported quarter. Thornburg Investment Management Inc who had been investing in Itau Unibanco H for a number of months, seems to be bullish on the $83.16B market cap company. The stock decreased 2.05% or $0.19 during the last trading session, reaching $9.08. About 5.57 million shares traded. Itaú Unibanco Holding S.A. (NYSE:ITUB) has declined 8.26% since March 6, 2018 and is downtrending. It has underperformed by 12.63% the S&P500. Some Historical ITUB News: 14/05/2018 – ITAU BBA REDUCED ITUB, BRFS, EOCC, BSAC, ABEV IN 1Q: 13F; 12/03/2018 – Moody’s rates B2 (hyb) ltau Unibanco Holding’s proposed non-viability preferred securities; 14/03/2018 – MAJORITY OF BRAZIL’S CADE FAVORS ITAU-XP DEAL W/ RESTRICTIONS; 02/05/2018 – ITAU CEO: PACE OF DELINQUENCY REDUCTION IS LIKELY TO DECELERATE; 10/05/2018 – Creditors lead efforts to sell Brazil’s Odebrecht rail unit; 08/03/2018 – ITAU SEES CHILE 2018 GDP GROWTH AT 3.6%: REPORT; 14/03/2018 – BRAZIL ANTITRUST WATCHDOG CADE APPROVES ITAÚ PURCHASE OF STAKE IN XP INVESTIMENTOS BY 5-2 VOTE; 02/05/2018 – ITAU CONTINUES TO SEE SUBDUED DEMAND FOR CORPORATE LOANS: CEO; 10/04/2018 – Report: Exploring Fundamental Drivers Behind Itau Unibanco Holding S.A, Weibo, Redhill Biopharma, Shenandoah Telecommunications; 10/04/2018 – BRAZIL’S ITAÚ UNIBANCO CEO SAYS DEMAND FOR LOANS FROM BIG COMPANIES STILL WEAK

Washington Trust Company increased its stake in Verizon Commun (VZ) by 8.1% based on its latest 2018Q4 regulatory filing with the SEC. Washington Trust Company bought 23,921 shares as the company’s stock declined 6.36% while stock markets rallied. The institutional investor held 319,377 shares of the telecommunications equipment company at the end of 2018Q4, valued at $17.96M, up from 295,456 at the end of the previous reported quarter. Washington Trust Company who had been investing in Verizon Commun for a number of months, seems to be bullish on the $230.18B market cap company. The stock decreased 0.67% or $0.38 during the last trading session, reaching $55.71. About 5.13M shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 17.26% since March 6, 2018 and is uptrending. It has outperformed by 12.89% the S&P500. Some Historical VZ News: 16/03/2018 – Verizon Completes Successful Test of Cisco’s Hybrid Information-Centric Networking in its Network; 02/04/2018 – Verizon Communications Inc. CDS Widens 5 Bps, Most in 6 Months; 18/04/2018 – OATH SAYS K. GURU GOWRAPPAN WILL JOIN COMPANY AS PRESIDENT AND COO; 24/05/2018 – VODAFONE – VERIZON COMMUNICATIONS REPURCHASED OUTSTANDING US$2.5 BLN AGGREGATE PRINCIPAL AMOUNT OF FLOATING RATE NOTES DUE 2025; 07/05/2018 – VERIZON FILES FOR $730M 5.32% NOTES DUE 2053 VIA BNPP, DB; 24/04/2018 – VERIZON CFO: STILL LOOKING AT ONLINE TV OPTIONS; 24/04/2018 – Verizon Expects Tax Savings to Boost 2018 EPS by 55 Cents to 65 Cents; 10/04/2018 – $S $TMUS restart merger talks. $VZ $T $S $TMUS soaring; 02/05/2018 – Verizon’s Oath has chosen Amazon Web Services as its “preferred” public cloud provider; 09/04/2018 – Opengear Earns Verizon Wireless Certification for ACM7000-LMV Resilience Gateway

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Seekingalpha.com which released: “Reviewing Verizon – Seeking Alpha” on February 25, 2019, also Fool.com with their article: “Better Buy: Frontier Communications vs. Verizon – Motley Fool” published on February 13, 2019, Seekingalpha.com published: “Verizon: Should I Buy It Now? – Seeking Alpha” on February 25, 2019. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Globenewswire.com and their article: “Verizon to redeem debt securities NYSE:VZ – GlobeNewswire” published on February 27, 2019 as well as Benzinga.com‘s news article titled: “Verizon Communications Inc. (NYSE:VZ), XPO Logistics, Inc. (NYSE:XPO) – XPO To Close Memphis Distribution Center Where Alleged Worker Mistreatment Took Place – Benzinga” with publication date: February 15, 2019.

Washington Trust Company, which manages about $1.57B US Long portfolio, decreased its stake in Thermo Fisher Scientific Inc (NYSE:TMO) by 3,659 shares to 168,863 shares, valued at $37.79 million in 2018Q4, according to the filing. It also reduced its holding in Watsco Inc (NYSE:WSO) by 2,273 shares in the quarter, leaving it with 161,954 shares, and cut its stake in Cognizant Technolo (NASDAQ:CTSH).

Investors sentiment decreased to 1.18 in Q4 2018. Its down 0.12, from 1.3 in 2018Q3. It dropped, as 59 investors sold VZ shares while 611 reduced holdings. 149 funds opened positions while 641 raised stakes. 2.67 billion shares or 4.15% more from 2.57 billion shares in 2018Q3 were reported. Efg Asset Mgmt (Americas) Corporation stated it has 0.12% in Verizon Communications Inc. (NYSE:VZ). Lincluden Management Limited reported 228,304 shares. Mitchell Sinkler And Starr Pa has 36,694 shares for 2.55% of their portfolio. Weatherly Asset Mgmt LP holds 0.96% or 71,755 shares. Money Mgmt Ltd Co stated it has 5,715 shares. Meristem Family Wealth Ltd reported 4,451 shares. Capital Wealth Planning Ltd Com reported 45,521 shares. Thrivent For Lutherans reported 3.79 million shares. Everett Harris & Communication Ca has 83,492 shares for 0.13% of their portfolio. Burke & Herbert Bancorporation Co reported 1.98% of its portfolio in Verizon Communications Inc. (NYSE:VZ). 377,727 were reported by Corda Invest Management Ltd Llc. Athena Advsr Ltd Com holds 0.13% or 7,501 shares in its portfolio. Delta Asset Lc Tn accumulated 86,156 shares. Nippon Life Insurance Company holds 1.49% in Verizon Communications Inc. (NYSE:VZ) or 1.06 million shares. Punch & Associate Investment Mgmt Inc invested in 0.57% or 105,616 shares.

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



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