As Verizon Communications (VZ) Share Price Declined, Flossbach Von Storch Ag Has Trimmed by $659,295 Its Holding; Navellier & Associates Has Raised Stake in Digital Realty Trust (DLR)

January 14, 2018 - By Winifred Garcia

Flossbach Von Storch Ag decreased its stake in Verizon Communications (VZ) by 0.68% based on its latest 2017Q3 regulatory filing with the SEC. Flossbach Von Storch Ag sold 13,455 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 1.97M shares of the telecommunications equipment company at the end of 2017Q3, valued at $97.47 million, down from 1.98M at the end of the previous reported quarter. Flossbach Von Storch Ag who had been investing in Verizon Communications for a number of months, seems to be less bullish one the $211.56B market cap company. The stock decreased 0.48% or $0.25 during the last trading session, reaching $51.86. About 17.67M shares traded or 5.69% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 14, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Louis Navellier increased its stake in Digital Realty Trust Inc. (DLR) by 30.07% based on its latest 2017Q3 regulatory filing with the SEC. Navellier & Associates Inc bought 13,391 shares as the company’s stock rose 10.26% with the market. The hedge fund run by Louis Navellier held 57,931 shares of the consumer services company at the end of 2017Q3, valued at $6.86M, up from 44,540 at the end of the previous reported quarter. Navellier & Associates Inc who had been investing in Digital Realty Trust Inc. for a number of months, seems to be bullish on the $22.60B market cap company. The stock decreased 2.00% or $2.16 during the last trading session, reaching $105.78. About 1.91 million shares traded or 54.44% up from the average. Digital Realty Trust, Inc. (NYSE:DLR) has risen 23.90% since January 14, 2017 and is uptrending. It has outperformed by 7.20% the S&P500.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 19 Hold. Therefore 27% are positive. Verizon Communications Inc. had 63 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) on Friday, May 26 with “Hold” rating. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by Citigroup on Tuesday, January 3. Wells Fargo downgraded the stock to “Market Perform” rating in Monday, January 23 report. Hilliard Lyons downgraded the stock to “Neutral” rating in Wednesday, July 27 report. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Friday, July 7. RBC Capital Markets has “Hold” rating and $4800 target. The firm earned “Hold” rating on Thursday, April 7 by Jefferies. The company was maintained on Friday, October 20 by Bank of America. The rating was upgraded by Drexel Hamilton on Monday, October 24 to “Buy”. The firm has “Buy” rating by Vetr given on Tuesday, August 11. On Thursday, December 14 the stock rating was downgraded by HSBC to “Hold”.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 23. They expect $0.88 earnings per share, up 2.33% or $0.02 from last year’s $0.86 per share. VZ’s profit will be $3.59 billion for 14.73 P/E if the $0.88 EPS becomes a reality. After $0.98 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Ahl Limited Liability Partnership accumulated 8,737 shares. Alps Advisors has 1.01 million shares. Capital Planning Advisors Limited Liability Corporation invested 0.39% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Roffman Miller Associate Inc Pa owns 329,786 shares for 2.15% of their portfolio. Archford Capital Strategies Limited holds 1.21% or 65,203 shares in its portfolio. Louisiana State Employees Retirement System stated it has 0.59% in Verizon Communications Inc. (NYSE:VZ). New York-based Epoch Prtn Incorporated has invested 1.25% in Verizon Communications Inc. (NYSE:VZ). Smithbridge Asset Mngmt De holds 1.47% or 42,167 shares in its portfolio. Contravisory Invest Management Inc invested 0.01% in Verizon Communications Inc. (NYSE:VZ). Factory Mutual holds 1.41M shares. 24,750 were accumulated by Confluence Wealth Management Limited. New York-based Canandaigua Bancshares & Tru has invested 1.03% in Verizon Communications Inc. (NYSE:VZ). Private Trust Na invested in 0.59% or 54,314 shares. Strs Ohio invested in 0.66% or 3.09 million shares. Homrich Berg owns 58,839 shares.

Since August 28, 2017, it had 0 buys, and 3 insider sales for $89,365 activity.

Flossbach Von Storch Ag, which manages about $9.59B US Long portfolio, upped its stake in Berkshire Hathaway B (BRKB) by 113,040 shares to 6.48 million shares, valued at $1.19 billion in 2017Q3, according to the filing. It also increased its holding in 0900 Priceline 15.09.2021 (Prn) by 1.00 million shares in the quarter, for a total of 5.00 million shares, and has risen its stake in Qualcomm (NASDAQ:QCOM).

Investors sentiment increased to 2.06 in 2017 Q3. Its up 1.03, from 1.03 in 2017Q2. It is positive, as 44 investors sold DLR shares while 119 reduced holdings. 95 funds opened positions while 241 raised stakes. 198.28 million shares or 22.83% more from 161.43 million shares in 2017Q2 were reported. Principal Gp Incorporated reported 0.19% of its portfolio in Digital Realty Trust, Inc. (NYSE:DLR). Kentucky Retirement System Ins Fund reported 0.09% stake. Citigroup Incorporated has 0.02% invested in Digital Realty Trust, Inc. (NYSE:DLR). Rampart Investment Llc has 2,195 shares. Oakbrook Limited Liability reported 8,908 shares. Shell Asset Comm accumulated 0.02% or 21,247 shares. Bowling Portfolio Mgmt Llc owns 6,023 shares. Goldman Sachs reported 1.44M shares. State Of Alaska Department Of Revenue holds 0.6% or 100,276 shares. Employees Retirement Association Of Colorado stated it has 41,211 shares or 0.04% of all its holdings. Everence Cap Mngmt Inc, a Indiana-based fund reported 4,316 shares. Robeco Institutional Asset Management Bv reported 0% stake. Appleton Prns Ma owns 9,332 shares for 0.19% of their portfolio. Moreover, Art Advsr Limited Liability Corp has 0.11% invested in Digital Realty Trust, Inc. (NYSE:DLR). Kentucky Retirement invested 0.09% of its portfolio in Digital Realty Trust, Inc. (NYSE:DLR).

Navellier & Associates Inc, which manages about $2.37 billion and $514.86 million US Long portfolio, decreased its stake in Merck & Co. (NYSE:MRK) by 10,316 shares to 46,975 shares, valued at $3.01 million in 2017Q3, according to the filing. It also reduced its holding in Baxter International Inc. (NYSE:BAX) by 12,294 shares in the quarter, leaving it with 77,841 shares, and cut its stake in Ulta Beauty Inc. (NASDAQ:ULTA).

Among 20 analysts covering Digital Realty Trust (NYSE:DLR), 10 have Buy rating, 1 Sell and 9 Hold. Therefore 50% are positive. Digital Realty Trust had 74 analyst reports since July 31, 2015 according to SRatingsIntel. As per Friday, July 31, the company rating was maintained by Deutsche Bank. The rating was upgraded by Cowen & Co to “Outperform” on Monday, June 12. The stock of Digital Realty Trust, Inc. (NYSE:DLR) earned “Buy” rating by Bank of America on Wednesday, September 28. As per Wednesday, June 1, the company rating was initiated by Wells Fargo. The stock of Digital Realty Trust, Inc. (NYSE:DLR) earned “Buy” rating by Citigroup on Thursday, December 8. The stock of Digital Realty Trust, Inc. (NYSE:DLR) has “Neutral” rating given on Tuesday, December 22 by JP Morgan. Jefferies maintained Digital Realty Trust, Inc. (NYSE:DLR) rating on Monday, October 16. Jefferies has “Hold” rating and $119.0 target. The rating was maintained by Barclays Capital on Friday, August 12 with “Overweight”. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, July 19 report. The stock has “Buy” rating by Canaccord Genuity on Friday, June 9.

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