As Verizon Communications (VZ) Stock Value Declined, Holder Bell State Bank & Trust Boosted Stake; As Cbs Corp. (CBS) Stock Value Declined, Shareholder Suffolk Capital Management Increased Holding

December 7, 2017 - By Stephen Andrade

Bell State Bank & Trust increased its stake in Verizon Communications Inc (VZ) by 17.09% based on its latest 2017Q2 regulatory filing with the SEC. Bell State Bank & Trust bought 7,420 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 50,847 shares of the telecommunications equipment company at the end of 2017Q2, valued at $2.27 million, up from 43,427 at the end of the previous reported quarter. Bell State Bank & Trust who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $206.75B market cap company. The stock decreased 0.47% or $0.24 during the last trading session, reaching $50.68. About 17.30M shares traded or 3.93% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since December 7, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Suffolk Capital Management Llc increased its stake in Cbs Corp. (CBS) by 6.76% based on its latest 2017Q2 regulatory filing with the SEC. Suffolk Capital Management Llc bought 13,208 shares as the company’s stock declined 6.13% while stock markets rallied. The institutional investor held 208,464 shares of the broadcasting company at the end of 2017Q2, valued at $13.30 million, up from 195,256 at the end of the previous reported quarter. Suffolk Capital Management Llc who had been investing in Cbs Corp. for a number of months, seems to be bullish on the $21.99 billion market cap company. The stock decreased 1.15% or $0.67 during the last trading session, reaching $57.43. About 2.80M shares traded. CBS Corporation (NYSE:CBS) has risen 18.35% since December 7, 2016 and is uptrending. It has outperformed by 1.65% the S&P500.




Among 33 analysts covering CBS Corp (NYSE:CBS), 27 have Buy rating, 0 Sell and 6 Hold. Therefore 82% are positive. CBS Corp had 98 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Buy” rating and $7500 target in Tuesday, June 6 report. The stock of CBS Corporation (NYSE:CBS) earned “Outperform” rating by Wells Fargo on Wednesday, March 9. Deutsche Bank maintained it with “Buy” rating and $68 target in Friday, July 29 report. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Friday, November 3 by Needham. On Friday, February 12 the stock rating was maintained by Wedbush with “Outperform”. The firm earned “Buy” rating on Wednesday, November 22 by BMO Capital Markets. Telsey Advisory Group initiated the shares of CBS in report on Friday, February 5 with “Outperform” rating. Cowen & Co maintained it with “Buy” rating and $70.0 target in Wednesday, September 6 report. On Tuesday, September 19 the stock rating was maintained by Cowen & Co with “Buy”. The stock of CBS Corporation (NYSE:CBS) has “Outperform” rating given on Friday, November 3 by Credit Suisse.

Suffolk Capital Management Llc, which manages about $1.92B and $756.38 million US Long portfolio, decreased its stake in Axogen Inc (NASDAQ:AXGN) by 56,155 shares to 88,862 shares, valued at $1.49M in 2017Q2, according to the filing. It also reduced its holding in Belden Inc. (NYSE:BDC) by 4,904 shares in the quarter, leaving it with 19,009 shares, and cut its stake in Telenav Inc. (NASDAQ:TNAV).

Investors sentiment increased to 0.8 in Q2 2017. Its up 0.11, from 0.69 in 2017Q1. It is positive, as 67 investors sold CBS shares while 250 reduced holdings. 71 funds opened positions while 184 raised stakes. 229.56 million shares or 0.71% less from 231.20 million shares in 2017Q1 were reported. Barclays Public Limited Com holds 0.03% or 424,736 shares. Oakworth Capital Inc owns 50 shares. Norris Perne And French Limited Liability Partnership Mi stated it has 0.04% in CBS Corporation (NYSE:CBS). Parametric Port Associates Lc reported 1.14 million shares stake. Dana reported 244,630 shares. Norinchukin Commercial Bank The reported 0.07% of its portfolio in CBS Corporation (NYSE:CBS). Thrivent Fincl For Lutherans has 0% invested in CBS Corporation (NYSE:CBS). 1St Source Bank accumulated 4,321 shares. Ahl Prns Limited Liability Partnership has invested 0.05% in CBS Corporation (NYSE:CBS). Edge Wealth Ltd Liability reported 0% of its portfolio in CBS Corporation (NYSE:CBS). 30,391 were accumulated by Tealwood Asset. Pictet Asset Limited reported 196,159 shares. Hsbc Public Ltd Llc stated it has 0.09% of its portfolio in CBS Corporation (NYSE:CBS). New York-based Howe And Rusling Incorporated has invested 0% in CBS Corporation (NYSE:CBS). Wfg Advisors Limited Partnership holds 0% of its portfolio in CBS Corporation (NYSE:CBS) for 330 shares.

More notable recent CBS Corporation (NYSE:CBS) news were published by: Prnewswire.com which released: “CBS Corporation Announces Redemption of 5.75% Senior Notes Due 2020” on November 13, 2017, also Prnewswire.com with their article: “CBS Corporation Completes Acquisition Of Network Ten In Australia” published on November 16, 2017, Prnewswire.com published: “CBS Corporation Announces Final Results of CBS Radio Exchange Offer” on November 21, 2017. More interesting news about CBS Corporation (NYSE:CBS) were released by: Prnewswire.com and their article: “CBS Corporation Completes Split-Off Of CBS Radio” published on November 17, 2017 as well as Moodys.com‘s news article titled: “Moody’s assigns Baa2 rating to CBS Corporation’s proposed notes issuance” with publication date: November 13, 2017.

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 59 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, October 11 by KeyBanc Capital Markets. Hilliard Lyons downgraded Verizon Communications Inc. (NYSE:VZ) on Wednesday, July 27 to “Neutral” rating. The stock of Verizon Communications Inc. (NYSE:VZ) has “Sector Perform” rating given on Wednesday, January 25 by RBC Capital Markets. The firm has “Sector Outperform” rating given on Wednesday, October 21 by Scotia Capital. As per Tuesday, February 21, the company rating was upgraded by Moffett Nathanson. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) on Sunday, September 17 with “Hold” rating. The firm earned “Outperform” rating on Wednesday, September 30 by RBC Capital Markets. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by Drexel Hamilton on Monday, October 24. The firm has “Hold” rating by Jefferies given on Friday, October 6. Jefferies downgraded the stock to “Hold” rating in Thursday, April 7 report.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Finance.Yahoo.com which released: “Verizon Communications Inc. (VZ) Is Primed For a Big 2018” on November 20, 2017, also Usnews.com with their article: “Verizon Is Primed For a Big 2018” published on November 20, 2017, Fool.com published: “Better Buy: AT&T Inc. vs. Verizon Communications” on December 04, 2017. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Reuters.com and their article: “Comcast, Verizon approached Twenty-First Century Fox to buy some assets: sources” published on November 16, 2017 as well as Reuters.com‘s news article titled: “Verizon close to announcing digital streaming deal with NFL: Bloomberg” with publication date: November 18, 2017.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.12, from 1 in 2017Q1. It dived, as 90 investors sold VZ shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported. Lyons Wealth Ltd reported 11,452 shares or 0.72% of all its holdings. Fulton Breakefield Broenniman Ltd Com stated it has 1.36% in Verizon Communications Inc. (NYSE:VZ). Rmb Capital Mgmt Ltd Liability reported 61,235 shares stake. Villere St Denis J Limited Liability invested 0.43% in Verizon Communications Inc. (NYSE:VZ). Hourglass Cap Limited Liability owns 68,639 shares. Silvercrest Asset Mgmt Gp Ltd Liability Corporation has 1.42 million shares for 0.68% of their portfolio. Sentry Investments Corporation accumulated 122,500 shares. Park Corp Oh invested in 0.87% or 328,649 shares. Bb&T Corporation stated it has 0.97% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Notis, Alabama-based fund reported 18,190 shares. Neumann Cap Mgmt Limited Com holds 1.22% or 42,437 shares in its portfolio. Balasa Dinverno Foltz Ltd accumulated 15,145 shares. 146,413 were accumulated by Connors Investor Services Inc. State Board Of Administration Of Florida Retirement Sys has invested 0.74% in Verizon Communications Inc. (NYSE:VZ). Indiana Tru & Inv Mgmt stated it has 0.97% in Verizon Communications Inc. (NYSE:VZ).

Bell State Bank & Trust, which manages about $282.01 million US Long portfolio, decreased its stake in Boeing Co (NYSE:BA) by 1,800 shares to 11,751 shares, valued at $2.32 million in 2017Q2, according to the filing. It also reduced its holding in Mcdonalds Corp (NYSE:MCD) by 2,043 shares in the quarter, leaving it with 34,875 shares, and cut its stake in Powershares Qqq Trust (QQQ).

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