Phocas Financial Has Lowered Hanesbrands (HBI) Stake; Argent Trust Company Has Decreased Its Verizon Communications (VZ) Stake

November 14, 2017 - By Marguerite Chambers

Phocas Financial Corp decreased Hanesbrands (HBI) stake by 44.55% reported in 2017Q2 SEC filing. Phocas Financial Corp sold 19,369 shares as Hanesbrands (HBI)’s stock declined 1.43%. The Phocas Financial Corp holds 24,110 shares with $558,000 value, down from 43,479 last quarter. Hanesbrands now has $7.04 billion valuation. The stock rose 0.49% or $0.09 reaching $19.32. About 1.89M shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since November 14, 2016 and is downtrending. It has underperformed by 39.93% the S&P500.

Argent Trust Company decreased Verizon Communications Inc (VZ) stake by 19.03% reported in 2017Q2 SEC filing. Argent Trust Company sold 10,143 shares as Verizon Communications Inc (VZ)’s stock declined 7.66%. The Argent Trust Company holds 43,170 shares with $1.93 million value, down from 53,313 last quarter. Verizon Communications Inc now has $180.80 billion valuation. The stock declined 0.89% or $0.4 reaching $44.32 per share. About 10.41M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since November 14, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Investors sentiment increased to 1.33 in 2017 Q2. Its up 0.02, from 1.31 in 2017Q1. It is positive, as 33 investors sold HBI shares while 178 reduced holdings. 95 funds opened positions while 186 raised stakes. 330.33 million shares or 2.78% more from 321.38 million shares in 2017Q1 were reported. Carret Asset Mgmt reported 52,571 shares stake. Pinebridge Invs LP reported 0% stake. Train Babcock Limited Liability Corp reported 1.26% in Hanesbrands Inc. (NYSE:HBI). Bancshares stated it has 0% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Hbk Sorce Advisory Ltd invested in 0.07% or 18,907 shares. The Minnesota-based Thrivent Fincl For Lutherans has invested 0% in Hanesbrands Inc. (NYSE:HBI). Levin Strategies Limited Partnership stated it has 0% of its portfolio in Hanesbrands Inc. (NYSE:HBI). 19,302 are owned by Pitcairn Com. 48,783 are held by Canada Pension Plan Inv Board. North Star Inv Mgmt Corporation invested in 0.01% or 2,896 shares. Garrison Finance Corp holds 66,889 shares or 0.9% of its portfolio. Wealthtrust Axiom Lc has invested 1.28% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Tobam holds 0.04% or 50,941 shares. Goelzer Incorporated reported 0.56% in Hanesbrands Inc. (NYSE:HBI). 91 are held by Hudock Gp Limited Liability Com.

Phocas Financial Corp increased Synovus Finl Corp (NYSE:SNV) stake by 15,374 shares to 348,500 valued at $15.42 million in 2017Q2. It also upped First Interstate Bancsystem (NASDAQ:FIBK) stake by 156,269 shares and now owns 277,152 shares. Web.Com Group Inc (NASDAQ:WWWW) was raised too.

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on February, 1. They expect $0.52 earnings per share, down 1.89% or $0.01 from last year’s $0.53 per share. HBI’s profit will be $189.48 million for 9.29 P/E if the $0.52 EPS becomes a reality. After $0.60 actual earnings per share reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth.

Among 18 analysts covering Hanesbrands (NYSE:HBI), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Hanesbrands had 48 analyst reports since September 17, 2015 according to SRatingsIntel. DA Davidson downgraded the shares of HBI in report on Monday, October 26 to “Neutral” rating. Buckingham Research reinitiated it with “Buy” rating and $30 target in Monday, July 17 report. Morgan Stanley maintained Hanesbrands Inc. (NYSE:HBI) rating on Monday, August 7. Morgan Stanley has “Equal-Weight” rating and $24 target. Morgan Stanley maintained Hanesbrands Inc. (NYSE:HBI) on Thursday, November 2 with “Equal-Weight” rating. On Thursday, September 21 the stock rating was downgraded by Nomura to “Neutral”. Brean Capital initiated the stock with “Buy” rating in Monday, July 17 report. The rating was maintained by Oppenheimer with “Buy” on Tuesday, August 29. The stock of Hanesbrands Inc. (NYSE:HBI) has “Buy” rating given on Thursday, September 17 by Goldman Sachs. The rating was maintained by UBS on Friday, February 3 with “Buy”. Wells Fargo downgraded Hanesbrands Inc. (NYSE:HBI) on Wednesday, October 25 to “Market Perform” rating.

Since June 13, 2017, it had 0 insider purchases, and 2 insider sales for $1.53 million activity. $250,527 worth of Hanesbrands Inc. (NYSE:HBI) shares were sold by Marsh John T.. Shares for $1.28M were sold by Upchurch W Howard Jr.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold. Therefore 23% are positive. Verizon Communications Inc. had 57 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, September 30. The firm earned “Buy” rating on Monday, October 24 by Drexel Hamilton. On Friday, October 20 the stock rating was maintained by SunTrust with “Hold”. The firm earned “Neutral” rating on Tuesday, April 5 by Macquarie Research. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Monday, January 25. RBC Capital Markets has “Outperform” rating and $50 target. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 11 with “Hold”. RBC Capital Markets maintained it with “Hold” rating and $48 target in Monday, April 24 report. Oppenheimer maintained Verizon Communications Inc. (NYSE:VZ) on Thursday, July 27 with “Hold” rating. As per Monday, September 18, the company rating was maintained by Cowen & Co. Moffett Nathanson upgraded the shares of VZ in report on Tuesday, February 21 to “Buy” rating.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 23. They expect $0.88 earnings per share, up 2.33% or $0.02 from last year’s $0.86 per share. VZ’s profit will be $3.59 billion for 12.59 P/E if the $0.88 EPS becomes a reality. After $0.98 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

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