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Kinross Gold (KGC) Position Maintained by Altrinsic Global Advisors Llc; Verizon Communications (VZ) Shareholder Payden & Rygel Has Trimmed Its Position by $624,000 as Valuation Declined

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Payden & Rygel decreased its stake in Verizon Communications (VZ) by 3.19% based on its latest 2017Q4 regulatory filing with the SEC. Payden & Rygel sold 12,000 shares as the company’s stock declined 11.05% with the market. The institutional investor held 363,600 shares of the telecommunications equipment company at the end of 2017Q4, valued at $19.25M, down from 375,600 at the end of the previous reported quarter. Payden & Rygel who had been investing in Verizon Communications for a number of months, seems to be less bullish one the $199.69 billion market cap company. The stock decreased 0.11% or $0.055 during the last trading session, reaching $48.375. About 1.80M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since April 20, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Altrinsic Global Advisors Llc increased its stake in Kinross Gold Corp (KGC) by 7.77% based on its latest 2017Q4 regulatory filing with the SEC. Altrinsic Global Advisors Llc bought 1.42M shares as the company’s stock declined 6.82% with the market. The institutional investor held 19.64 million shares of the precious metals company at the end of 2017Q4, valued at $84.98M, up from 18.23 million at the end of the previous reported quarter. Altrinsic Global Advisors Llc who had been investing in Kinross Gold Corp for a number of months, seems to be bullish on the $4.61 billion market cap company. The stock decreased 1.04% or $0.04 during the last trading session, reaching $3.82. About 484,075 shares traded. Kinross Gold Corporation (NYSE:KGC) has risen 13.79% since April 20, 2017 and is uptrending. It has outperformed by 2.24% the S&P500.

Among 17 analysts covering Kinross Gold Corporation (NYSE:KGC), 7 have Buy rating, 0 Sell and 10 Hold. Therefore 41% are positive. Kinross Gold Corporation had 64 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by TD Securities on Thursday, October 19 with “Buy”. Jefferies maintained Kinross Gold Corporation (NYSE:KGC) on Tuesday, June 20 with “Hold” rating. The company was downgraded on Monday, August 24 by Robert W. Baird. As per Tuesday, November 22, the company rating was downgraded by Bank of America. On Thursday, May 26 the stock rating was upgraded by Canaccord Genuity to “Buy”. On Wednesday, May 11 the stock rating was upgraded by Goldman Sachs to “Neutral”. As per Monday, March 7, the company rating was maintained by BMO Capital Markets. The rating was maintained by Raymond James on Thursday, June 15 with “Outperform”. The firm has “Hold” rating by BMO Capital Markets given on Monday, April 9. The firm has “Buy” rating by RBC Capital Markets given on Monday, June 12.

Altrinsic Global Advisors Llc, which manages about $14.11B and $2.61 billion US Long portfolio, decreased its stake in Thomson Reuters Corp (NYSE:TRI) by 34,617 shares to 2.68 million shares, valued at $117.06M in 2017Q4, according to the filing. It also reduced its holding in Cognizant Technology Solutio (NASDAQ:CTSH) by 8,761 shares in the quarter, leaving it with 415,698 shares, and cut its stake in Sangamo Therapeutics Inc (NASDAQ:SGMO).

Among 29 analysts covering Verizon Communications Inc. (NYSE:VZ), 10 have Buy rating, 0 Sell and 19 Hold. Therefore 34% are positive. Verizon Communications Inc. had 77 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Perform” rating on Wednesday, July 20 by Oppenheimer. Cowen & Co maintained it with “Hold” rating and $5200 target in Friday, July 28 report. The rating was downgraded by Bernstein on Thursday, April 7 to “Market Perform”. The stock has “Buy” rating by Nomura on Wednesday, January 24. The rating was maintained by Robert W. Baird on Wednesday, January 24 with “Hold”. Cowen & Co maintained it with “Hold” rating and $52.0 target in Monday, September 18 report. HSBC downgraded Verizon Communications Inc. (NYSE:VZ) on Thursday, December 14 to “Hold” rating. The company was maintained on Thursday, April 13 by Barclays Capital. The stock has “Neutral” rating by Hilliard Lyons on Wednesday, July 27. On Wednesday, January 24 the stock rating was maintained by Jefferies with “Hold”.

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.14, from 0.88 in 2017Q3. It improved, 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. Apg Asset Mgmt Nv reported 6.38M shares. Northern Trust holds 0.67% or 50.04 million shares in its portfolio. At Financial Bank holds 25,383 shares. Clark Capital Management Gru accumulated 784,235 shares or 1.27% of the stock. New Jersey Better Educational Savings Tru, New Jersey-based fund reported 15,000 shares. Jacobs Ca holds 1.44% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 150,400 shares. Birmingham Capital Mngmt Al holds 21,721 shares or 0.44% of its portfolio. Fruth Inv Management holds 0.37% or 16,440 shares in its portfolio. Franklin Street Advisors Inc Nc holds 1.4% or 176,510 shares in its portfolio. Fulton National Bank & Trust Na owns 140,826 shares for 0.53% of their portfolio. Cheviot Value Mngmt Limited Liability Corp has 16,062 shares for 0.44% of their portfolio. Trillium Asset Limited Liability Corporation reported 415,944 shares stake. Private Harbour Invest Management And Counsel Ltd Liability Com has 2.77% invested in Verizon Communications Inc. (NYSE:VZ) for 60,441 shares. Carlton Hofferkamp Jenks Wealth Mgmt Ltd Liability owns 30,972 shares for 1.03% of their portfolio. Pinnacle owns 335,424 shares for 0.34% of their portfolio.

Since October 27, 2017, it had 0 insider buys, and 2 selling transactions for $376,615 activity. Shares for $29,658 were sold by SILLIMAN CRAIG L. on Friday, October 27.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on April, 24 before the open. They expect $1.11 earnings per share, up 16.84% or $0.16 from last year’s $0.95 per share. VZ’s profit will be $4.58 billion for 10.90 P/E if the $1.11 EPS becomes a reality. After $0.86 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 29.07% EPS growth.

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

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