Tahoe Resources, Inc. (TAHO) to pay $0.02 on Jul 27, 2017; Genesee Valley Trust Company Has Trimmed Its Verizon Communications (VZ) Position

July 17, 2017 - By Hazel Jackson

Genesee Valley Trust Company decreased Verizon Communications (VZ) stake by 66.34% reported in 2016Q4 SEC filing. Genesee Valley Trust Company sold 12,339 shares as Verizon Communications (VZ)’s stock declined 7.66%. The Genesee Valley Trust Company holds 6,261 shares with $333,000 value, down from 18,600 last quarter. Verizon Communications now has $177.98 billion valuation. The stock increased 0.16% or $0.07 during the last trading session, reaching $43.56. About 12 shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since July 17, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Tahoe Resources, Inc. (NYSE:TAHO) is expected to pay $0.02 on Jul 27, 2017. $0.24 is the ADY. (NYSE:TAHO) shareholders before Jul 18, 2017 will receive the $0.02 dividend. Tahoe Resources, Inc.’s current price of $5.36 translates into 0.37% yield. Tahoe Resources, Inc.’s dividend has Jul 20, 2017 as record date. Jul 6, 2017 is the announcement. The stock decreased 1.65% or $0.09 on July 14, reaching $5.36. About shares traded. Tahoe Resources Inc (NYSE:TAHO) has declined 23.51% since July 17, 2016 and is downtrending. It has underperformed by 40.21% the S&P500.

Tahoe Resources Inc. is a mine operations, and mineral exploration and development company. The company has market cap of $1.67 billion. The Company’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. It has a 11.17 P/E ratio. The Company’s business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining activities located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining activities located in northeastern Ontario, Canada.

Among 9 analysts covering Tahoe Resources (NYSE:TAHO), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Tahoe Resources has $19 highest and $9.50 lowest target. $14.25’s average target is 165.86% above currents $5.36 stock price. Tahoe Resources had 15 analyst reports since October 8, 2015 according to SRatingsIntel. The rating was initiated by JP Morgan with “Overweight” on Friday, December 11. The stock of Tahoe Resources Inc (NYSE:TAHO) earned “Neutral” rating by IBC on Thursday, January 19. The firm earned “Neutral” rating on Friday, July 7 by Macquarie Research. The firm has “Outperform” rating by Raymond James given on Wednesday, April 20. Raymond James downgraded the shares of TAHO in report on Friday, July 7 to “Mkt Perform” rating. RBC Capital Markets upgraded the stock to “Outperform” rating in Monday, December 12 report. The rating was downgraded by TD Securities on Thursday, July 6 to “Hold”. The stock of Tahoe Resources Inc (NYSE:TAHO) has “Outperform” rating given on Friday, June 23 by Raymond James. On Thursday, October 8 the stock rating was upgraded by IBC to “Sector Outperform”. JP Morgan downgraded the shares of TAHO in report on Tuesday, January 10 to “Neutral” rating.

Since February 14, 2017, it had 0 insider buys, and 7 sales for $3.60 million activity. Shares for $1.61 million were sold by WALDEN MARNI M on Monday, February 27. On Monday, March 27 SILLIMAN CRAIG L. sold $30,293 worth of Verizon Communications Inc. (NYSE:VZ) or 610 shares. $603,134 worth of Verizon Communications Inc. (NYSE:VZ) was sold by Skiadas Anthony T. On Thursday, February 23 the insider Gurnani Roger sold $543,385.

Investors sentiment increased to 1.11 in 2016 Q4. Its up 0.01, from 1.1 in 2016Q3. It improved, as 60 investors sold VZ shares while 658 reduced holdings. 115 funds opened positions while 683 raised stakes. 2.53 billion shares or 1.29% more from 2.50 billion shares in 2016Q3 were reported. Tradewinds Capital Management Lc holds 3,784 shares or 0.13% of its portfolio. Thompson Siegel & Walmsley Ltd Liability reported 238,186 shares stake. Interocean Capital Ltd Liability Com has invested 0.14% in Verizon Communications Inc. (NYSE:VZ). Nichols Pratt Advisers Limited Liability Partnership Ma has invested 1.31% in Verizon Communications Inc. (NYSE:VZ). Ruggie holds 0.13% or 2,210 shares in its portfolio. Millennium Mngmt Llc owns 37,654 shares or 0% of their US portfolio. Transamerica Financial owns 1.03% invested in Verizon Communications Inc. (NYSE:VZ) for 161,833 shares. Mechanics National Bank Tru Department has 0.81% invested in Verizon Communications Inc. (NYSE:VZ) for 62,689 shares. Conning invested in 1.54% or 723,811 shares. Blackrock Management Ltd Llc holds 0.85% or 13.82M shares in its portfolio. American Century stated it has 8.42M shares or 0.48% of all its holdings. Parallax Volatility Advisers Limited Partnership has 0.01% invested in Verizon Communications Inc. (NYSE:VZ) for 136,248 shares. Mairs And holds 167,753 shares or 0.11% of its portfolio. Ig Investment Mngmt reported 5.24M shares. Wall Street Access Asset Mngmt Ltd Llc holds 0.72% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 24,269 shares.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on July, 27 before the open. They expect $0.96 earnings per share, up 2.13% or $0.02 from last year’s $0.94 per share. VZ’s profit will be $3.92B for 11.34 P/E if the $0.96 EPS becomes a reality. After $0.95 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 1.05% EPS growth.

Among 23 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 17 Hold. Therefore 26% are positive. Verizon Communications Inc. had 42 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Moffett Nathanson given on Tuesday, February 21. The rating was initiated by DA Davidson with “Neutral” on Thursday, February 4. The stock of Verizon Communications Inc. (NYSE:VZ) has “Market Perform” rating given on Thursday, April 7 by Bernstein. The firm earned “Neutral” rating on Wednesday, October 21 by Citigroup. Barclays Capital maintained it with “Hold” rating and $4700 target in Friday, July 14 report. The company was maintained on Friday, May 26 by RBC Capital Markets. Scotia Capital maintained the stock with “Sector Outperform” rating in Wednesday, October 21 report. The company was downgraded on Wednesday, July 20 by Oppenheimer. Macquarie Research initiated the stock with “Neutral” rating in Tuesday, April 5 report. The firm has “Market Perform” rating given on Monday, January 23 by Wells Fargo.

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