Raymond James Financial Starts Microchip Technology (NDAQ:MCHP) Coverage with $95.00 Target; Capital Wealth Planning Cut Verizon Communications (VZ) Position By $1.15 Million

June 19, 2017 - By Dolores Ford

Capital Wealth Planning Llc decreased Verizon Communications (VZ) stake by 50% reported in 2016Q4 SEC filing. Capital Wealth Planning Llc sold 21,746 shares as Verizon Communications (VZ)’s stock declined 7.66%. The Capital Wealth Planning Llc holds 21,746 shares with $1.16 million value, down from 43,492 last quarter. Verizon Communications now has $190.18B valuation. It closed at $46.63 lastly. It is down 8.48% since June 19, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Among 4 analysts covering Microchip Technology (NDAQ:MCHP), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Microchip Technology has $100 highest and $82 lowest target. $91.25’s average target is 12.34% above currents $81.23 stock price. Microchip Technology had 4 analyst reports since April 5, 2017 according to SRatingsIntel. Summit Redstone upgraded Microchip Technology Inc. (NASDAQ:MCHP) on Wednesday, April 5 to “Buy” rating. As per Friday, June 16, the company rating was initiated by Raymond James. The company was maintained on Thursday, May 11 by Needham.

Among 22 analysts covering Verizon Communications Inc. (NYSE:VZ), 5 have Buy rating, 0 Sell and 17 Hold. Therefore 23% are positive. Verizon Communications Inc. had 38 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, September 30. Zacks upgraded the shares of VZ in report on Friday, August 14 to “Hold” rating. The rating was initiated by DA Davidson with “Neutral” on Thursday, February 4. The firm has “Neutral” rating given on Wednesday, July 27 by Hilliard Lyons. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by HSBC on Thursday, January 19. RBC Capital Markets downgraded the shares of VZ in report on Wednesday, January 25 to “Sector Perform” rating. The company was downgraded on Wednesday, July 20 by Oppenheimer. The firm has “Buy” rating by Vetr given on Tuesday, August 11. The firm has “Hold” rating given on Monday, April 24 by RBC Capital Markets. MoffettNathanson upgraded the shares of VZ in report on Tuesday, August 11 to “Neutral” rating.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on July, 25. They expect $0.98 earnings per share, up 4.26% or $0.04 from last year’s $0.94 per share. VZ’s profit will be $4.00B for 11.90 P/E if the $0.98 EPS becomes a reality. After $0.95 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 3.16% EPS growth.

Investors sentiment increased to 1.11 in 2016 Q4. Its up 0.01, from 1.1 in 2016Q3. It is positive, as 60 investors sold VZ shares while 658 reduced holdings. 115 funds opened positions while 683 raised stakes. 2.53 billion shares or 1.29% more from 2.50 billion shares in 2016Q3 were reported. Regions Corporation, Alabama-based fund reported 2.22M shares. Security Retail Bank Of So Dak invested 1.74% in Verizon Communications Inc. (NYSE:VZ). Moreover, Pitcairn has 0.2% invested in Verizon Communications Inc. (NYSE:VZ) for 30,426 shares. Truepoint Incorporated holds 8,229 shares. Cibc Ww Markets Corp has 0.95% invested in Verizon Communications Inc. (NYSE:VZ) for 1.74M shares. Alps Advsrs invested 0.29% in Verizon Communications Inc. (NYSE:VZ). Interocean Capital Ltd Co reported 12,264 shares. Lourd Lc stated it has 10,253 shares or 0.05% of all its holdings. Deutsche Bancorporation Ag, Germany-based fund reported 23.91 million shares. Burns J W New York reported 1.41% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma has 0.02% invested in Verizon Communications Inc. (NYSE:VZ). Federated Investors Pa has 3.39% invested in Verizon Communications Inc. (NYSE:VZ). Old Republic Int holds 3.59% or 1.88 million shares. Crossvault Capital Mngmt Ltd Liability holds 1.69% in Verizon Communications Inc. (NYSE:VZ) or 46,878 shares. 3.16 million are held by Barclays Public Limited.

Since February 14, 2017, it had 0 buys, and 7 sales for $3.60 million activity. WALDEN MARNI M sold 32,254 shares worth $1.61 million. $543,385 worth of Verizon Communications Inc. (NYSE:VZ) was sold by Gurnani Roger. SILLIMAN CRAIG L. also sold $30,799 worth of Verizon Communications Inc. (NYSE:VZ) on Monday, February 27. $603,134 worth of stock was sold by Skiadas Anthony T on Tuesday, February 14.

Since February 13, 2017, it had 0 insider purchases, and 13 sales for $8.18 million activity. The insider MEYERCORD WADE F sold 6,000 shares worth $423,940. 15,000 shares were sold by CHAPMAN MATTHEW W, worth $1.06M on Monday, February 13. 2,557 shares were sold by Bjornholt James Eric, worth $185,319. Shares for $210,036 were sold by SIMONCIC RICHARD J on Wednesday, February 22. Another trade for 4,321 shares valued at $318,664 was made by LITTLE MITCHELL R on Tuesday, March 7. The insider DREHOBL STEPHEN V sold 3,974 shares worth $319,072. DAY L B sold $425,408 worth of stock or 6,000 shares.

Investors sentiment decreased to 0.91 in 2016 Q4. Its down 0.02, from 0.93 in 2016Q3. It fall, as 46 investors sold Microchip Technology Inc. shares while 236 reduced holdings. 78 funds opened positions while 179 raised stakes. 208.48 million shares or 1.70% less from 212.08 million shares in 2016Q3 were reported. 36,890 are owned by Credit Agricole S A. Magnetar Llc accumulated 3,173 shares. The Texas-based Next Gp has invested 0% in Microchip Technology Inc. (NASDAQ:MCHP). Neuberger Berman Group Ltd Com owns 48,416 shares for 0% of their portfolio. Leavell Investment Management Inc, a Alabama-based fund reported 6,000 shares. Fdx Advisors invested in 33,252 shares. Guardian Life Of America has invested 0.01% in Microchip Technology Inc. (NASDAQ:MCHP). Louisiana State Employees Retirement owns 13,600 shares. Advisors invested 0.04% of its portfolio in Microchip Technology Inc. (NASDAQ:MCHP). Balyasny Asset Mgmt Limited Liability stated it has 386,583 shares or 0.13% of all its holdings. Tiedemann Wealth Management Ltd Limited Liability Company owns 5,694 shares. Commonwealth Of Pennsylvania School Empls Retrmt accumulated 12,383 shares or 0.01% of the stock. Bb&T Securities Limited Liability Corp has invested 0.12% in Microchip Technology Inc. (NASDAQ:MCHP). Catalyst Advsrs Limited Liability holds 65,700 shares or 0.27% of its portfolio. Edge Asset has invested 1.46% in Microchip Technology Inc. (NASDAQ:MCHP).

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