Lakeview Capital Partners Has Boosted Position in At&T (T); Cullen Capital Management Has Raised Wells Fargo & Co. (WFC) Holding by $348,150 as Stock Price Declined

February 17, 2018 - By Migdalia James

Cullen Capital Management Llc increased its stake in Wells Fargo & Co. (WFC) by 0.54% based on its latest 2017Q3 regulatory filing with the SEC. Cullen Capital Management Llc bought 6,330 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 1.17 million shares of the major banks company at the end of 2017Q3, valued at $64.51M, up from 1.16 million at the end of the previous reported quarter. Cullen Capital Management Llc who had been investing in Wells Fargo & Co. for a number of months, seems to be bullish on the $293.25 billion market cap company. The stock decreased 0.12% or $0.07 during the last trading session, reaching $59.95. About 18.66 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 17, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Lakeview Capital Partners Llc increased its stake in At&T Inc (T) by 17.78% based on its latest 2017Q3 regulatory filing with the SEC. Lakeview Capital Partners Llc bought 7,949 shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 52,644 shares of the telecommunications equipment company at the end of 2017Q3, valued at $2.06M, up from 44,695 at the end of the previous reported quarter. Lakeview Capital Partners Llc who had been investing in At&T Inc for a number of months, seems to be bullish on the $228.00 billion market cap company. The stock increased 0.38% or $0.14 during the last trading session, reaching $37.14. About 19.90M shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since February 17, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.




Cullen Capital Management Llc, which manages about $3.87 billion and $2.87B US Long portfolio, decreased its stake in Prosieben Sat. 1 Media by 9,370 shares to 125,935 shares, valued at $4.29 million in 2017Q3, according to the filing. It also reduced its holding in Elbit Systems Ltd. (NASDAQ:ESLT) by 24,360 shares in the quarter, leaving it with 44,950 shares, and cut its stake in Honda Motor Co. Ltd..

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. On Friday, September 15 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Mkt Perform” rating on Monday, October 17 by Keefe Bruyette & Woods. The rating was maintained by BMO Capital Markets with “Hold” on Friday, October 13. The stock of Wells Fargo & Company (NYSE:WFC) has “Neutral” rating given on Tuesday, November 15 by Guggenheim. Guggenheim downgraded the shares of WFC in report on Wednesday, April 6 to “Neutral” rating. As per Friday, October 9, the company rating was upgraded by JP Morgan. Berenberg downgraded the stock to “Sell” rating in Friday, July 21 report. Jefferies maintained Wells Fargo & Company (NYSE:WFC) on Friday, July 7 with “Hold” rating. The company was upgraded on Tuesday, September 8 by Deutsche Bank. Raymond James downgraded Wells Fargo & Company (NYSE:WFC) on Tuesday, October 4 to “Underperform” rating.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It is negative, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Shayne Limited Liability Corporation reported 16,231 shares. Schroder Investment Management Group reported 7.30 million shares or 0.69% of all its holdings. Canal holds 38,500 shares or 0.74% of its portfolio. Vontobel Asset Inc holds 1.51% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 3.68 million shares. Diversified Strategies Lc holds 22,074 shares or 1.18% of its portfolio. First Quadrant Limited Partnership Ca holds 248,552 shares or 0.27% of its portfolio. Investors accumulated 1.33% or 20.17M shares. Rafferty Asset Ltd Liability holds 0.93% or 751,845 shares in its portfolio. Brighton Jones Limited Liability Corp holds 0.37% or 52,025 shares in its portfolio. Amer Money Limited Liability Corporation has 59,278 shares. Caxton Associates Limited Partnership stated it has 0.02% in Wells Fargo & Company (NYSE:WFC). Nordea holds 5.93 million shares or 0.79% of its portfolio. Cibc Asset Management has 0.19% invested in Wells Fargo & Company (NYSE:WFC). Alphamark Advsr Ltd Liability Co owns 156 shares. One Natl Association accumulated 87,288 shares or 0.34% of the stock.

Since November 17, 2017, it had 0 insider purchases, and 1 sale for $292,234 activity.

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 rating was maintained by S&P Research on Friday, August 14 with “Buy”. On Tuesday, September 1 the stock rating was maintained by Macquarie Research with “Buy”. Jefferies maintained the stock with “Buy” rating in Tuesday, August 22 report. As per Monday, November 14, the company rating was maintained by Deutsche Bank. The rating was initiated by DA Davidson on Thursday, February 4 with “Buy”. Oppenheimer maintained the shares of T in report on Tuesday, August 8 with “Hold” rating. FBR Capital maintained it with “Mkt Perform” rating and $44 target in Thursday, January 26 report. The stock has “Buy” rating by Jefferies on Thursday, April 7. On Thursday, January 26 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Outperform” rating given on Saturday, September 5 by Oppenheimer.

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