1QTR: CMG Global Holdings LLC reduced its Verizon stake by 12.7% to 48,470 shares.

CMG Global Holdings LLC trimmed its stake in Verizon Communications Inc. (NYSE:VZ) by 12.7% during the 4th quarter, holding 48,470 shares after selling 7,065 shares. Verizon Communications accounts for 1.4% of the firm's portfolio. Several other hedge funds and institutional investors have made changes to their holdings in the company, with some increasing their stakes and others reducing them.