As Baidu Adr (BIDU) Stock Declined, Southeastern Asset Management Has Increased Position; Clark Estates Trimmed Verizon Communications (VZ) Holding by $1.91 Million; Share Value Rose

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Clark Estates Inc decreased its stake in Verizon Communications Inc (VZ) by 5.23% based on its latest 2018Q3 regulatory filing with the SEC. Clark Estates Inc sold 36,053 shares as the company’s stock rose 7.67% while stock markets declined. The institutional investor held 652,920 shares of the telecommunications equipment company at the end of 2018Q3, valued at $34.86 million, down from 688,973 at the end of the previous reported quarter. Clark Estates Inc who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $237.10 billion market cap company. The stock increased 0.58% or $0.33 during the last trading session, reaching $57.38. About 4.68M shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 15.57% since January 10, 2018 and is uptrending. It has outperformed by 15.57% the S&P500. Some Historical VZ News: 23/04/2018 – Telecom Paper: DoJ investigates AT&T, Verizon, GSMA for possible eSim collusion; 15/05/2018 – Verizon CEO says the company has ‘no interest’ in being a traditional TV network; 27/03/2018 – RadioResource: Verizon to Launch Public-Safety Dedicated Core Thursday; 20/04/2018 – US said to investigate AT&T and Verizon over wireless collusion claim, The New York Times reports; 30/04/2018 – A merged T-Mobile and Sprint will still be smaller than AT&T or Verizon The Big Four mobile carriers would become the Big Three; 23/04/2018 – Tech Today: An eSim Conspiracy? Defending Verizon, Cheering Okta — Barron’s Blog; 05/03/2018 – Verizon Plans Up to $3 Billion Bond Buyback to Pay Down Debts; 11/05/2018 – SlashGear: Verizon’s Visible is an unexpectedly-exclusive prepaid carrier; 24/04/2018 – Verizon Expects Tax Savings to Generate Net $3.5 Billion to $4 Billion Uplift to 2018 Cash Flow From Ops; 11/05/2018 – Verizon to speak at MoffettNathanson conference May 14

Southeastern Asset Management Inc increased its stake in Baidu Inc. Adr (BIDU) by 21.54% based on its latest 2018Q3 regulatory filing with the SEC. Southeastern Asset Management Inc bought 86,353 shares as the company’s stock declined 16.10% with the market. The hedge fund held 487,318 shares of the technology company at the end of 2018Q3, valued at $111.44M, up from 400,965 at the end of the previous reported quarter. Southeastern Asset Management Inc who had been investing in Baidu Inc. Adr for a number of months, seems to be bullish on the $58.06 billion market cap company. The stock decreased 0.05% or $0.07 during the last trading session, reaching $166.57. About 1.06M shares traded. Baidu, Inc. (NASDAQ:BIDU) has declined 23.09% since January 10, 2018 and is downtrending. It has underperformed by 23.09% the S&P500. Some Historical BIDU News: 27/04/2018 – The News Is Good for Baidu — Heard on the Street; 08/05/2018 – BAIDU UNIT TO SELL RAJAX EQUITY STAKE TO ALI PANINI INVESTMENT; 16/03/2018 – BAIDU INC – ALSO ANNOUNCED STRATEGIC INVESTMENT IN SHENZHEN COOCAA NETWORK TECHNOLOGY COMPANY LIMITED (COOCAA), A SUBSIDIARY OF SKYWORTH; 14/03/2018 – blacq: Baidu seeks new investors for finance unit in up to $2 billion deal: sources HONG KONG (Reuters) – Chinese; 29/03/2018 – ADRs End Higher; Barclays, Baidu and Gold Fields Trade Actively; 21/05/2018 – Baidu Enters Into Definitive Agreements to Divest Itself of Its Global DU Business; 17/04/2018 – Alibaba, Baidu, JD.com to list in China as early as June, sources say; 29/04/2018 – Baidu: Transactions Are Currently Expected to Close in the 2H of 2018; 19/03/2018 – Chinese video streaming service provider iQiyi Inc, a unit of search engine giant Baidu Inc , has launched an initial public offering in New York worth up to $2.4 billion, seeking to expand its range of content; 23/05/2018 – Baidu Gains for First Day in Five: Chinese ADRs Wednesday

Southeastern Asset Management Inc, which manages about $35.07B and $8.33B US Long portfolio, decreased its stake in Alphabet Inc. Cl C by 87,443 shares to 386,451 shares, valued at $461.22M in 2018Q3, according to the filing. It also reduced its holding in Cnh Industrial Nv (NYSE:CNHI) by 1.99 million shares in the quarter, leaving it with 11.67M shares, and cut its stake in Viasat Inc. (NASDAQ:VSAT).

Among 27 analysts covering Baidu (NASDAQ:BIDU), 14 have Buy rating, 2 Sell and 11 Hold. Therefore 52% are positive. Baidu has $369 highest and $126 lowest target. $235.43’s average target is 41.34% above currents $166.57 stock price. Baidu had 77 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Monday, October 30 by Barclays Capital. Jefferies maintained Baidu, Inc. (NASDAQ:BIDU) rating on Tuesday, October 3. Jefferies has “Buy” rating and $232.0 target. Jefferies upgraded Baidu, Inc. (NASDAQ:BIDU) on Monday, August 31 to “Buy” rating. On Wednesday, February 14 the stock rating was upgraded by Daiwa Securities to “Outperform”. The rating was initiated by JP Morgan on Wednesday, August 31 with “Underweight”. The company was downgraded on Friday, May 18 by Credit Suisse. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, January 8. The rating was maintained by Oppenheimer on Friday, July 28 with “Buy”. As per Monday, October 31, the company rating was downgraded by Macquarie Research. The stock has “Hold” rating by Jefferies on Wednesday, February 14.

More notable recent Baidu, Inc. (NASDAQ:BIDU) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Baidu, Chipotle, First Solar, Honeywell, JPMorgan, Maxar, Nokia, Nvidia, PG&A, SunPower, Xilinx and More – 24/7 Wall St.” on January 08, 2019, also Ibtimes.com with their article: “Can Apple Challenge China’s Tech Giants in the Smart Speaker Market? – International Business Times” published on December 11, 2018, Fool.com published: “China’s Censors Crack Down on Baidu and Sohu.com (Again) – Motley Fool” on January 06, 2019. More interesting news about Baidu, Inc. (NASDAQ:BIDU) were released by: Nasdaq.com and their article: “Alphabet Stock Should Be Boosted by India’s Growth – Nasdaq” published on December 13, 2018 as well as Seekingalpha.com‘s news article titled: “Baidu Trades At Extreme Discount – Seeking Alpha” with publication date: December 11, 2018.

Clark Estates Inc, which manages about $666.49 million US Long portfolio, upped its stake in Wells Fargo Co New (NYSE:WFC) by 160,000 shares to 325,000 shares, valued at $17.08 million in 2018Q3, according to the filing. It also increased its holding in Western Digital Corp (NASDAQ:WDC) by 12,000 shares in the quarter, for a total of 53,200 shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

Investors sentiment increased to 1.3 in 2018 Q3. Its up 0.21, from 1.09 in 2018Q2. It improved, as 40 investors sold VZ shares while 569 reduced holdings. 138 funds opened positions while 651 raised stakes. 2.57 billion shares or 0.19% more from 2.56 billion shares in 2018Q2 were reported. Bradley Foster & Sargent Ct reported 0.25% stake. Linscomb And Williams Inc holds 0.48% or 109,519 shares. Mngmt Associate New York owns 19,270 shares or 1.28% of their US portfolio. 7,446 were reported by Accredited Investors Inc. Charter Trust accumulated 102,885 shares or 0.62% of the stock. Moreover, Hamlin Limited Liability Co has 3.46% invested in Verizon Communications Inc. (NYSE:VZ) for 1.66M shares. Denali Advsrs Limited Liability Corporation invested in 3.31% or 421,400 shares. Wells Fargo & Mn holds 0.44% in Verizon Communications Inc. (NYSE:VZ) or 29.14M shares. Gideon Cap holds 6,812 shares or 0.17% of its portfolio. Ativo Capital Limited Liability Company, Illinois-based fund reported 17,269 shares. Quantum Capital Mngmt invested in 18,314 shares. Botty Limited Liability Com reported 15,330 shares. Homrich & Berg reported 40,647 shares. Spectrum Asset (Nb Ca) has 0.56% invested in Verizon Communications Inc. (NYSE:VZ). Wetherby Asset has 65,281 shares for 0.43% of their portfolio.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 29 before the open. They expect $1.10 EPS, up 27.91% or $0.24 from last year’s $0.86 per share. VZ’s profit will be $4.55B for 13.04 P/E if the $1.10 EPS becomes a reality. After $1.22 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -9.84% negative EPS growth.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Fool.com which released: “Better Buy: General Electric vs. Verizon – The Motley Fool” on December 15, 2018, also Globenewswire.com with their article: “Verizon Issues “Built on 5G Challenge” NYSE:VZ – GlobeNewswire” published on January 09, 2019, Investorplace.com published: “7 Dow Jones Stocks Set to Charge Higher – Investorplace.com” on January 09, 2019. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Seekingalpha.com and their article: “Verizon And Its Real Value – Seeking Alpha” published on December 21, 2018 as well as Seekingalpha.com‘s news article titled: “How Safe Is Verizon’s 4% Dividend Yield? – Seeking Alpha” with publication date: December 31, 2018.

Among 35 analysts covering Verizon Communications Inc. (NYSE:VZ), 15 have Buy rating, 0 Sell and 20 Hold. Therefore 43% are positive. Verizon Communications Inc. had 95 analyst reports since July 22, 2015 according to SRatingsIntel. Jefferies maintained Verizon Communications Inc. (NYSE:VZ) rating on Friday, October 6. Jefferies has “Hold” rating and $50.0 target. The company was upgraded on Tuesday, December 12 by Nomura. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, October 24. The firm earned “Hold” rating on Friday, July 14 by Barclays Capital. As per Wednesday, July 20, the company rating was downgraded by Oppenheimer. On Wednesday, October 21 the stock rating was maintained by FBR Capital with “Outperform”. Robert W. Baird maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, July 25 with “Neutral” rating. Argus Research maintained Verizon Communications Inc. (NYSE:VZ) on Wednesday, October 21 with “Buy” rating. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, September 30. Cowen & Co maintained the shares of VZ in report on Tuesday, April 24 with “Hold” rating.

Verizon Communications Inc. (NYSE:VZ) Institutional Positions Chart