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Will Verizon’s Biggest Institutional Investors Buy More After These Enhancements?

September 04, 2012

So far this year, Verizon Communications (NYSE:VZ) shares are up 7.03 percent. On Friday, the company announced that it has made network enhancements to handle the anticipated increased traffic for the National Democratic Convention. It anticipates that Verizon Wireless (NYSE:VZ)(NASDAQ:VOD) will experience record-setting traffic on its 4G LTE network thanks to the numerous political representatives, journalists, bloggers and others using more “wireless power users” to upload and download videos, photos, posts, tweets, texts and live broadcasts.

Jerry Fountain, Verizon Wireless president for the Carolinas and Tennessee said of the changes, ”Our team knows mobile technology will be the preferred method for voters to keep abreast of the campaign messages, latest news and election results. We are taking this responsibility very seriously. Verizon is eager to see our 4G LTE network play a major role in delivering the important campaign messages to keep Americans connected and informed.”

From the company’s proactive enhancements and anticipation of record-setting traffic, will Verizon Communications’ largest shareholders increase their holdings? 1488 institutional firms indicated owning shares of Verizon Communications Inc. (NYSE:VZ) in Q2 2012. These firms reported owning a total of 1.579 billion shares on 06/30/2012. The shares closed at $43.95 on 06/30/2012.

Here are the ten largest positions in Verizon Communications Inc. at the end of June 30th, 2012.

Vanguard Group Inc held 121,926,553 shares on 06/30/2012 worth $5,418,415,848. This brought the portfolio total to 0.74%.

Capital World Investors held 115,136,760 shares on 06/30/2012 worth $5,116,677,456. This brought the portfolio total to 1.92%.

State Street Corp held 114,111,034 shares on 06/30/2012 worth $5,071,094,194. This brought the portfolio total to 0.8%.

Capital Research Global Investors held 80,613,400 shares on 06/30/2012 worth $3,582,459,385. This brought the portfolio total to 1.63%.

Blackrock Institutional Trust Company N.A. held 73,118,268 shares on 06/30/2012 worth $3,249,375,730. This brought the portfolio total to 0.77%.

Northern Trust Corp held 40,044,347 shares on 06/30/2012 worth $1,779,570,726. This brought the portfolio total to 0.79%.

Bank of New York Mellon Corp held 40,001,296 shares on 06/30/2012 worth $1,777,657,539. This brought the portfolio total to 0.69%.

JPMorgan Chase & Co held 35,507,458 shares on 06/30/2012 worth $1,577,951,385. This brought the portfolio total to 0.6%.

Blackrock Fund Advisors held 27,188,084 shares on 06/30/2012 worth $1,208,238,416. This brought the portfolio total to 0.6%.

Blackrock Advisors LLC held 25,066,946 shares on 06/30/2012 worth $1,113,975,046. This brought the portfolio total to 1.17%.

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