Washington Trust Company Has Increased Verizon Communications (VZ) Holding By $762,140; Last Week AMC Networks (AMCX) Coverage

September 17, 2017 - By Adrian Erickson

Washington Trust Company increased Verizon Communications Inc (VZ) stake by 5.09% reported in 2016Q4 SEC filing. Washington Trust Company acquired 14,380 shares as Verizon Communications Inc (VZ)’s stock declined 7.66%. The Washington Trust Company holds 296,907 shares with $15.85M value, up from 282,527 last quarter. Verizon Communications Inc now has $195.24 billion valuation. The stock increased 1.38% or $0.65 on September 15, reaching $47.86. About 24.63 million shares traded or 104.57% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since September 17, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Among 22 analysts covering AMC Networks (NASDAQ:AMCX), 10 have Buy rating, 3 Sell and 9 Hold. Therefore 45% are positive. AMC Networks had 49 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Macquarie Research on Tuesday, April 26. The firm has “Hold” rating given on Tuesday, August 9 by Loop Capital. The stock of AMC Networks Inc (NASDAQ:AMCX) earned “Overweight” rating by Piper Jaffray on Friday, August 21. The firm has “Sell” rating by UBS given on Friday, July 15. Albert Fried maintained it with “Overweight” rating and $97 target in Friday, August 7 report. Cowen & Co maintained it with “Hold” rating and $64.0 target in Tuesday, August 15 report. The rating was initiated by FBR Capital with “Outperform” on Thursday, October 6. Stifel Nicolaus downgraded AMC Networks Inc (NASDAQ:AMCX) rating on Thursday, September 15. Stifel Nicolaus has “Hold” rating and $60 target. Nomura maintained the shares of AMCX in report on Thursday, September 22 with “Buy” rating. The stock has “Buy” rating by Albert Fried on Wednesday, August 26. See AMC Networks Inc (NASDAQ:AMCX) latest ratings:

11/09/2017 Broker: Jefferies Rating: Hold New Target: $65.0 Maintain
25/08/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
15/08/2017 Broker: Cowen & Co Rating: Hold New Target: $64.0 Maintain
03/08/2017 Broker: Jefferies Rating: Hold New Target: $65.0000 Maintain
10/07/2017 Broker: Jefferies Rating: Hold New Target: $60.0000 Maintain
05/06/2017 Broker: Jefferies Rating: Hold New Target: $60.0000 Maintain

The stock increased 3.81% or $2.18 on September 15, reaching $59.42. About 1.22 million shares traded or 90.00% up from the average. AMC Networks Inc (NASDAQ:AMCX) has declined 17.50% since September 17, 2016 and is downtrending. It has underperformed by 34.20% the S&P500.

AMC Networks Inc. is a holding company, which conducts all of its activities through its subsidiaries. The company has market cap of $3.78 billion. The Firm owns and operates entertainment businesses and assets. It has a 12.84 P/E ratio. It operates through two divisions: National Networks, and International and Other.

Investors sentiment decreased to 1.08 in 2016 Q4. Its down 0.02, from 1.1 in 2016Q3. It fall, as 38 investors sold AMC Networks Inc shares while 97 reduced holdings. 50 funds opened positions while 79 raised stakes. 54.91 million shares or 2.16% less from 56.12 million shares in 2016Q3 were reported. Ancora Advisors Limited Liability has 0.01% invested in AMC Networks Inc (NASDAQ:AMCX) for 1,650 shares. Spark Invest Management Ltd Liability Company has 0.21% invested in AMC Networks Inc (NASDAQ:AMCX). Markston Lc owns 5,325 shares. State Common Retirement Fund has 0.01% invested in AMC Networks Inc (NASDAQ:AMCX) for 129,100 shares. Virginia Retirement Sys Et Al accumulated 0.01% or 16,500 shares. Thompson Davis And Inc has 56 shares. Stifel Fincl reported 23,493 shares. State Of Tennessee Treasury Department has 0% invested in AMC Networks Inc (NASDAQ:AMCX) for 10,000 shares. Parkside Commercial Bank And has invested 0.17% of its portfolio in AMC Networks Inc (NASDAQ:AMCX). Nationwide Fund holds 0.05% in AMC Networks Inc (NASDAQ:AMCX) or 248,073 shares. Alliancebernstein L P has invested 0.06% of its portfolio in AMC Networks Inc (NASDAQ:AMCX). Gargoyle Advisor Ltd Com owns 12,053 shares. Nordea Investment, Sweden-based fund reported 138,318 shares. Northwestern Mutual Wealth Management Co reported 498 shares or 0% of all its holdings. Gabelli Funds Limited Liability Corp, a New York-based fund reported 800,600 shares.

Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.12, from 1 in 2016Q3. It worsened, 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. Wellington Gru Limited Liability Partnership accumulated 60.30 million shares or 0.81% of the stock. San Francisco Sentry Gp (Ca) invested 0.71% in Verizon Communications Inc. (NYSE:VZ). Robeco Institutional Asset Management Bv, Netherlands-based fund reported 3.14 million shares. Mutual Of America Cap Lc holds 538,592 shares. 7.41M are owned by Ny State Teachers Retirement. Neumann Capital Management Ltd Limited Liability Company reported 44,647 shares. Principal Financial Grp holds 6.18 million shares. Braver Wealth Management accumulated 0.14% or 16,709 shares. Menta Capital Ltd Liability has invested 0.38% in Verizon Communications Inc. (NYSE:VZ). Guggenheim Ltd Co has 2.09M shares for 0.32% of their portfolio. Hm Payson And Communications invested 0.23% in Verizon Communications Inc. (NYSE:VZ). Grassi Inv Management accumulated 154,663 shares. Bnp Paribas Arbitrage Sa stated it has 0.28% in Verizon Communications Inc. (NYSE:VZ). Fulton Breakefield Broenniman Ltd Liability Corp has invested 1.78% in Verizon Communications Inc. (NYSE:VZ). Cambridge stated it has 0.27% of its portfolio in Verizon Communications Inc. (NYSE:VZ).

Washington Trust Company decreased Perrigo Co (NYSE:PRGO) stake by 48,814 shares to 80,835 valued at $6.73 million in 2016Q4. It also reduced Cvs Health Corp (NYSE:CVS) stake by 6,966 shares and now owns 332,121 shares. Lauder Estee Cos Inc (NYSE:EL) was reduced too.

Among 24 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 18 Hold. Therefore 25% are positive. Verizon Communications Inc. had 47 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Perform” rating by Oppenheimer on Wednesday, July 20. The stock has “Hold” rating by Jefferies on Thursday, April 7. The company was downgraded on Wednesday, January 25 by RBC Capital Markets. The rating was maintained by Citigroup on Wednesday, October 21 with “Neutral”. The firm has “Hold” rating given on Friday, July 14 by Barclays Capital. As per Wednesday, October 21, the company rating was maintained by Argus Research. The firm earned “Market Perform” rating on Monday, January 23 by Wells Fargo. The rating was maintained by Cowen & Co on Friday, July 28 with “Hold”. The firm has “Neutral” rating given on Tuesday, April 5 by Macquarie Research. As per Thursday, August 10, the company rating was maintained by Oppenheimer.

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