US Bancorp DE Sells 88,527 Shares of Verizon Communications Inc. $VZ

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US Bancorp DE reduced its stake in Verizon Communications Inc. by 4.8% during the third quarter, divesting 88,527 shares and holding 1,769,161 shares worth $77.76 million. Other institutional investors like Vanguard Group Inc. and State Street Corp significantly increased their holdings in Verizon. The article also details recent analyst ratings, Verizon’s financial performance, a dividend increase, and recent insider selling activity by a director and an EVP.

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