Franklin Street Advisors Inc. NC lessened its position in shares of Verizon Communications Inc. ( NYSE:VZ – Get Rating ) by 41.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,245 shares of the cell phone carrier's stock after selling 26,926 shares during the quarter. Franklin Street Advisors Inc. NC's holdings in Verizon Communications were worth $1,507,000 at the end of the most recent quarter. Several other hedge funds have also added to or reduced their stakes in the company.

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