Will Verizon’s Top Institutional Shareholders See These Earnings Sustained?

VerizonWireless(NYSE:VZ): America’s largest wireless network brought in first quarter earnings per share of $0.68, $0.02 above estimates. The company’s $29.4 billion in revenuemissed expectationsby $0.16 billion, although wireless revenue of $19.5 billion was up 6.8 percent year-over-year. Four million iPhone activations exceeded estimates, and188K FiOS Internet and 169K FiOS Video net additions as FiOS revenue rose 15.1 percent to $2.6 billion.

These institutional firms indicated owning shares of Verizon Communications Inc.in Q1 2013. They reported owning a total of 388.416 million shares on 03/31/2013. The shares closed at $48.64 on 03/31/2013.

EXCLUSIVE OFFER! Take Advantage of the Tax Relief 50% Off Sale for a Limited Time. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

Here are the ten largest positions in Verizon Communications Inc. at the end of March 31st, 2013.

Vanguard Group Inc. held 132,262,840 shares on 03/31/2013 worth $6,500,718,788. This brought the portfolio total to 0.71%.

Blackrock Institutional Trust Company N.A.held 76,612,668 shares on 03/31/2013 worth $3,765,512,749. This brought the portfolio total to 0.77%.

Bank of New York Mellon Corp. held 41,084,149 shares on 03/31/2013 worth $2,019,285,986. This brought the portfolio total to 0.64%.

Blackrock Fund Advisors held 29,840,647 shares on 03/31/2013 worth $1,466,667,846. This brought the portfolio total to 0.56%.

Blackrock Group Ltd held 22,113,762 shares on 03/31/2013 worth $1,086,891,436. This brought the portfolio total to 0.8%.

Blackrock Advisors LLC held 18,951,035 shares on 03/31/2013 worth $931,443,399. This brought the portfolio total to 0.93%.

Blackrock Investment Management LLCheld 12,913,413 shares on 03/31/2013 worth $634,694,269. This brought the portfolio total to 1.1%.

Blackrock Inc. held 7,666,638 shares on 03/31/2013 worth $376,815,269. This brought the portfolio total to 0.73%.

Parametric Portfolio Associates LLCheld 4,405,180 shares on 03/31/2013 worth $216,514,604. This brought the portfolio total to 0.71%.

Blackrock Japan Co. Ltdheld 3,382,555 shares on 03/31/2013 worth $166,252,583. This brought the portfolio total to 0.78%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, S = Support is Provided By Institutional Investors & Company Insiders is a core component of our CHEAT SHEET investing framework for this very reason. Dont waste another minute click here and get our CHEAT SHEET stock picks now.