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AHL Investment Management cut its Verizon stake, but the company reported strong earnings despite CEO share sales.
AHL Investment Management Inc. reduced its stake in Verizon Communications by 6.1% this quarter, now owning 41,736 shares.
Verizon reported a strong first-quarter earnings beat, with EPS of $1.19 against estimates of $1.15.
Several institutional investors have adjusted their holdings, with some like Pallas Capital increasing their stake.
Verizon's CEO, Kyle Malady, has also sold shares.
The company's stock has a "Moderate Buy" rating and a $47.41 average target price.
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AHL Investment Management recortó su participación en Verizon, pero la compañía reportó fuertes ganancias a pesar de las ventas de acciones del CEO.