Capital International Investors Position in Atandt (T) Cut by $279.09 Million; Verizon Communications (VZ) Holder Advisor Partners Upped Its Holding

February 20, 2018 - By Maria Brooks

Capital International Investors decreased its stake in Atandt Inc (T) by 51.62% based on its latest 2017Q3 regulatory filing with the SEC. Capital International Investors sold 7.16M shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 6.71 million shares of the telecommunications equipment company at the end of 2017Q3, valued at $262.67 million, down from 13.86 million at the end of the previous reported quarter. Capital International Investors who had been investing in Atandt Inc for a number of months, seems to be less bullish one the $227.42 billion market cap company. The stock decreased 0.26% or $0.095 during the last trading session, reaching $37.045. About 1.76M shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since February 20, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

Advisor Partners Llc increased its stake in Verizon Communications Inc. (VZ) by 11.81% based on its latest 2017Q3 regulatory filing with the SEC. Advisor Partners Llc bought 6,693 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 63,363 shares of the telecommunications equipment company at the end of 2017Q3, valued at $3.14M, up from 56,670 at the end of the previous reported quarter. Advisor Partners Llc who had been investing in Verizon Communications Inc. for a number of months, seems to be bullish on the $201.54B market cap company. The stock decreased 1.48% or $0.74 during the last trading session, reaching $49.41. About 1.75 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 20, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Investors sentiment increased to 1.17 in Q3 2017. Its up 0.02, from 1.15 in 2017Q2. It increased, as 77 investors sold T shares while 609 reduced holdings. 106 funds opened positions while 696 raised stakes. 3.34 billion shares or 1.04% more from 3.31 billion shares in 2017Q2 were reported. Boltwood Capital Mngmt has invested 0.47% of its portfolio in AT&T Inc. (NYSE:T). Southeast Asset Inc holds 0.23% or 18,829 shares in its portfolio. Chilton Investment Ltd Company, Connecticut-based fund reported 15,336 shares. Bryn Mawr Tru invested in 194,768 shares or 0.43% of the stock. 87,405 are owned by Connable Office. Wendell David has 73,025 shares. Lucus Advisors Ltd Liability Co owns 8,908 shares. Walleye Trading Lc reported 0.07% in AT&T Inc. (NYSE:T). Ancora Advisors Ltd Limited Liability Company owns 226,361 shares. Bonness Enterprises Incorporated has 1.26% invested in AT&T Inc. (NYSE:T) for 44,800 shares. Fic Cap Inc owns 0.63% invested in AT&T Inc. (NYSE:T) for 42,478 shares. Wealthcare Cap Management Limited Liability reported 0.01% in AT&T Inc. (NYSE:T). American Assets Investment Ltd Liability Corp reported 0.31% in AT&T Inc. (NYSE:T). Annex Advisory Svcs Ltd Liability Corporation owns 0.26% invested in AT&T Inc. (NYSE:T) for 32,531 shares. Wells Fargo & Mn holds 50.27M shares or 0.61% of its portfolio.

Among 30 analysts covering AT&T Inc. (NYSE:T), 10 have Buy rating, 1 Sell and 19 Hold. Therefore 33% are positive. AT&T Inc. had 73 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of AT&T Inc. (NYSE:T) has “Perform” rating given on Tuesday, November 8 by Oppenheimer. The firm has “Mkt Perform” rating by FBR Capital given on Friday, July 24. The firm has “Mkt Perform” rating given on Thursday, January 26 by FBR Capital. The firm earned “Hold” rating on Tuesday, January 30 by Scotia Capital. Oppenheimer maintained AT&T Inc. (NYSE:T) on Tuesday, August 8 with “Hold” rating. HSBC upgraded the stock to “Hold” rating in Monday, September 26 report. The rating was downgraded by Deutsche Bank on Wednesday, January 11 to “Hold”. Moffet Nathanson downgraded the stock to “Sell” rating in Friday, April 1 report. On Tuesday, July 25 the stock rating was maintained by Oppenheimer with “Hold”. The company was maintained on Friday, July 15 by Barclays Capital.

Capital International Investors, which manages about $83.48B US Long portfolio, upped its stake in State Street Corp (NYSE:STT) by 2.24M shares to 5.77M shares, valued at $551.38M in 2017Q3, according to the filing. It also increased its holding in Philip Morris International (NYSE:PM) by 13,962 shares in the quarter, for a total of 12.66 million shares, and has risen its stake in Suncor Energy Inc (NYSE:SU).

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is flat, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Spears Abacus Advisors Lc owns 5,532 shares or 0.03% of their US portfolio. 4,503 were accumulated by Davidson Investment Advsrs. Cim Mangement Inc reported 0.55% in Verizon Communications Inc. (NYSE:VZ). Spinnaker reported 0.16% in Verizon Communications Inc. (NYSE:VZ). Destination Wealth Management has 255,959 shares. 101,513 are held by Advisory Service Network Llc. Hilltop has invested 0.92% in Verizon Communications Inc. (NYSE:VZ). Focused Wealth Mgmt holds 0.24% or 14,480 shares. Whittier Tru Of Nevada holds 0.55% or 120,176 shares. Hgk Asset Mngmt holds 0.07% or 10,050 shares in its portfolio. Aull & Monroe Inv Mngmt Corporation holds 1.89% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 74,000 shares. Violich reported 133,479 shares. Evermay Wealth Limited Company invested in 10,643 shares or 0.23% of the stock. Ascend Cap Ltd accumulated 447,129 shares. First Hawaiian Natl Bank owns 0.12% invested in Verizon Communications Inc. (NYSE:VZ) for 19,105 shares.

Since August 28, 2017, it had 0 insider buys, and 4 sales for $436,322 activity. 610 shares were sold by SILLIMAN CRAIG L., worth $29,677.

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