Dimensional Fund Advisors Lp increased its stake in Verizon Communications Inc (NYSE:VZ) by 8.21% based on its latest Q4 2015 regulatory filing with the SEC. Dimensional Fund Advisors Lp bought 922,163 shares as the company’s stock rose 7.59% with the market. The institutional investor held 12.16 million shares of the telecommunications equipment company at the end of Q4, valued at $561.92M, up from 11.23 million at the end of the previous reported quarter. Dimensional Fund Advisors Lp who had been investing in Verizon Communications Inc since many months, is probably bullish the $201.96 billion market cap company. The stock is up 0.14% or $0.07 after the positive news, hitting $50.22 per share. About 11.83M shares traded hands. Verizon Communications Inc. (NYSE:VZ) has risen 6.14% since July 7, 2015 and is uptrending. It has outperformed by 17.15% the S&P500.
Dimensional Fund Advisors Lp, which manages about $160.44 billion US Long portfolio, decreased its stake in Live Nation Entertainment In (NYSE:LYV) by 899,833 shares to 2.98M shares, valued at $73.12 million in Q4, according to the filing. It also reduced its holding in Graphic Packaging Hldg Co (NYSE:GPK) by 1.81 million shares in the quarter, leaving it with 8.33M shares, and cut its stake in Xl Group Plc (NYSE:XL).
Dimensional Fund Advisors Lp is a Texas-based institutional investor with more than $347.00 billion AUM in November, 2014. This fund invests only a small percentage of its assets in equities and options. Dimensional Fund Advisors Lp is the 9th largest institutional investor in our database. Taken from Dimensional Fund Advisors latest Adv, the fund reported to have 488 full and part-time employees. Among which 99 performing investment advisory and research functions. The institutional investor had more than 400 clients.
The institutional sentiment increased to 1.19 in 2015 Q3. Its up 0.05, from 1.14 in 2015Q2. The ratio improved, as 68 funds sold all VZ shares owned while 651 reduced positions. 89 funds bought stakes while 770 increased positions. They now own 2.31 billion shares or 8.50% less from 2.52 billion shares in 2015Q2.
Cincinnati Indemnity Co holds 7.34% of its portfolio in VZ for 34,300 shares. Excalibur Management Corp owns 158,007 shares or 6.88% of their US portfolio. Moreover, Seminole Management Co. Inc. has 5.9% invested in the company for 3.04 million shares. The Wisconsin-based Winch Advisory Services Llc has invested 5.82% in the stock. Alleghany Corp De, a New York-based fund reported 3.74 million shares.
Out of 25 analysts covering Verizon Communications Inc. (NYSE:VZ), 16 rate it “Buy”, 2 “Sell”, while 16 “Hold”. This means 47% are positive. $55 is the highest target while $40 is the lowest. The $50.8 average target is 0.04% above today’s ($50.22) stock price. Verizon Communications Inc. was the topic in 17 analyst reports since July 22, 2015 according to StockzIntelligence Inc. DA Davidson initiated the stock on February 4 with “Neutral” rating. Citigroup maintained the shares of VZ in a report on October 21 with “Neutral” rating.
Verizon Communications Inc. is a holding firm that, acting through its subsidiaries, provides communications, information and entertainment services and products to consumers, businesses and governmental agencies. The company has a market cap of $201.96 billion. The Company’s divisions include Wireless and Wireline. It has 11.49 P/E ratio. The Wireless segment includes the Cellco Partnership doing business as Verizon Wireless.