Stocks / Alpha Vantage News Sentiment

Sumitomo Mitsui Trust Group Inc. Sells 478,206 Shares of Verizon Communications Inc. $VZ

Sumitomo Mitsui Trust Group Inc. reduced its stake in Verizon Communications Inc. by 4.0% in Q1, selling over 478,000 shares but still holding 11.46 million shares valued at $575.5 million. Verizon reported better-than-expected earnings of $1.28 EPS against estimates of $1.21, though revenue slightly missed forecasts. Analysts generally rate Verizon as a "Hold" with an average price target of $50.28, noting its attractive 6.7% dividend yield.