Keybanc Lowers Outlook for Verizon Communications
On October 24, 2024, Keybanc adjusted their outlook for Verizon Communications (SNSE:VZCL) from Overweight to Sector Weight.
Current Fund Sentiment Towards Verizon
A total of 4,051 funds and institutions have reported their positions in Verizon Communications, marking an increase of 22 owners or 0.55% over the last quarter. The average portfolio weight of all funds invested in VZCL now stands at 0.51%, showing a rise of 2.20%. Institutional ownership of Verizon increased by 5.68% in the past three months, totaling 2,894,500K shares.
Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) now holds 119,744K shares, representing 2.84% of Verizon. In its earlier filing, the firm reported 118,972K shares, reflecting a small increase of 0.64%. However, the firm reduced its portfolio allocation to VZCL by 3.81% last quarter.
Similarly, Vanguard 500 Index Fund Investor Shares (VFINX) owns 108,034K shares, which is 2.57% of the company. In its previous report, the firm had 105,952K shares, a rise of 1.93%. Yet, it also decreased its allocation to VZCL by 5.13% over the last quarter.
Charles Schwab Investment Management currently holds 95,337K shares, equating to 2.26% ownership. In a past filing, it reported 95,708K shares, which shows a decrease of 0.39%. Notably, the firm cut its portfolio allocation in VZCL by a significant 31.91% in the previous quarter.
Geode Capital Management possesses 93,743K shares, or 2.23% ownership. Previously, it reported owning 90,890K shares, an increase of 3.04%. Nevertheless, the firm reduced its portfolio allocation to VZCL by 49.77% in the last quarter.
Finally, Norges Bank now holds 55,461K shares, representing 1.32% ownership, a notable jump from holding no shares reported in its last filing.
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