Nan Shan Life Insurance Co. Ltd. Sells 716,761 Shares of Verizon Communications Inc. $VZ
MarketBeat
Nan Shan Life Insurance Co. Ltd. significantly reduced its stake in Verizon Communications Inc. (NYSE:VZ) by selling 716,761 shares, a 34.3% reduction, now holding 1.37 million shares valued at $58.1 million. Despite this, other institutional investors like State Street and Bank of America increased their positions, with institutions collectively owning 62.06% of Verizon's shares. Verizon recently surpassed earnings expectations with an adjusted EPS of $1.30, though revenue saw a slight decline.
Read the full story
This is a short summary. The complete article is published by MarketBeat.
Headline and summary aggregated from public news feeds. For information only — not financial advice.