Fort Point Capital Partners Cut At&T (T) Position by $1.01 Million; Shares Declined; As Phillips 66 Com (PSX) Valuation Declined, Holder City Holding Company Has Increased Holding

December 17, 2017 - By Peter Erickson

City Holding Company increased its stake in Phillips 66 Com (PSX) by 14.81% based on its latest 2017Q2 regulatory filing with the SEC. City Holding Company bought 3,755 shares as the company’s stock declined 0.52% while stock markets rallied. The institutional investor held 29,109 shares of the integrated oil company at the end of 2017Q2, valued at $2.41M, up from 25,354 at the end of the previous reported quarter. City Holding Company who had been investing in Phillips 66 Com for a number of months, seems to be bullish on the $51.11B market cap company. The stock increased 0.37% or $0.37 during the last trading session, reaching $99.92. About 2.96M shares traded or 59.21% up from the average. Phillips 66 (NYSE:PSX) has risen 0.77% since December 17, 2016 and is uptrending. It has underperformed by 15.93% the S&P500.

Fort Point Capital Partners Llc decreased its stake in At&T Inc (T) by 80.71% based on its latest 2017Q2 regulatory filing with the SEC. Fort Point Capital Partners Llc sold 27,392 shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 6,546 shares of the telecommunications equipment company at the end of 2017Q2, valued at $247,000, down from 33,938 at the end of the previous reported quarter. Fort Point Capital Partners Llc who had been investing in At&T Inc for a number of months, seems to be less bullish one the $234.76B market cap company. The stock increased 1.32% or $0.5 during the last trading session, reaching $38.24. About 46.81M shares traded or 28.40% up from the average. AT&T Inc. (NYSE:T) has declined 0.52% since December 17, 2016 and is downtrending. It has underperformed by 17.22% the S&P500.

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.18, from 0.97 in 2017Q1. It improved, as 82 investors sold T shares while 619 reduced holdings. 123 funds opened positions while 686 raised stakes. 3.31 billion shares or 0.46% less from 3.32 billion shares in 2017Q1 were reported. Cibc Asset Mngmt, Ontario – Canada-based fund reported 748,417 shares. Tdam Usa Incorporated holds 637,045 shares. John G Ullman & Associate Incorporated holds 0.08% in AT&T Inc. (NYSE:T) or 10,489 shares. 62,316 are held by Fairfield Bush &. Moreover, Kinsight Limited Liability has 0.16% invested in AT&T Inc. (NYSE:T) for 7,676 shares. Beacon Advsr, Texas-based fund reported 1,455 shares. Newman Dignan And Sheerar invested in 0.73% or 34,672 shares. Brookstone Capital Management accumulated 0.74% or 204,586 shares. Northstar Asset Limited Liability Co reported 0.87% of its portfolio in AT&T Inc. (NYSE:T). Old Republic, a Illinois-based fund reported 2.88 million shares. Marco Mgmt Ltd Liability Corporation holds 0.39% or 62,588 shares. Jefferies Group Limited Liability Company owns 554,191 shares for 0.14% of their portfolio. Paragon Cap Management Limited invested in 0.37% or 21,298 shares. Country Club Na has invested 2.01% of its portfolio in AT&T Inc. (NYSE:T). First Quadrant LP Ca holds 0.54% or 713,656 shares.

Analysts await AT&T Inc. (NYSE:T) to report earnings on January, 24. They expect $0.66 earnings per share, 0.00% or $0.00 from last year’s $0.66 per share. T’s profit will be $4.05B for 14.48 P/E if the $0.66 EPS becomes a reality. After $0.74 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts -10.81% negative EPS growth.

Among 29 analysts covering AT&T Inc. (NYSE:T), 10 have Buy rating, 1 Sell and 18 Hold. Therefore 34% are positive. AT&T Inc. had 67 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Tuesday, August 22. The firm has “Hold” rating by Independent Research given on Tuesday, October 25. Nomura maintained the stock with “Buy” rating in Tuesday, November 21 report. Robert W. Baird maintained AT&T Inc. (NYSE:T) rating on Tuesday, November 21. Robert W. Baird has “Buy” rating and $42.0 target. Robert W. Baird maintained the shares of T in report on Wednesday, September 20 with “Buy” rating. The firm earned “Outperform” rating on Saturday, September 5 by Oppenheimer. S&P Research maintained the stock with “Buy” rating in Friday, August 14 report. Macquarie Research maintained the stock with “Buy” rating in Tuesday, July 25 report. RBC Capital Markets maintained the shares of T in report on Monday, August 28 with “Hold” rating. The rating was maintained by Barclays Capital with “Overweight” on Monday, April 18.

Investors sentiment increased to 0.85 in Q2 2017. Its up 0.03, from 0.82 in 2017Q1. It increased, as 50 investors sold PSX shares while 381 reduced holdings. 87 funds opened positions while 281 raised stakes. 349.91 million shares or 0.58% less from 351.94 million shares in 2017Q1 were reported. Osborne Management Ltd Liability Company invested 0.95% of its portfolio in Phillips 66 (NYSE:PSX). Balyasny Asset Management Limited Liability Corp reported 11,700 shares. Wetherby Asset Management reported 11,242 shares. Ontario Teachers Pension Plan Board accumulated 135,954 shares or 0.14% of the stock. Douglass Winthrop Advsrs Limited Liability Corp invested in 0.03% or 6,494 shares. Fiduciary Of The Southwest Tx holds 8,078 shares or 0.21% of its portfolio. 90,019 are owned by Aureus Asset Mgmt Llc. Zwj Invest Counsel, a Georgia-based fund reported 3,232 shares. Albion Group Inc Ut invested in 2,571 shares. 462,294 are held by Utd Svcs Automobile Association. Vantage Invest Advsrs Lc holds 0.03% in Phillips 66 (NYSE:PSX) or 1,203 shares. Bowling Portfolio Ltd reported 0.25% in Phillips 66 (NYSE:PSX). Rothschild Asset Inc reported 7,173 shares. Indiana-based Trust Inv Advsrs has invested 1.34% in Phillips 66 (NYSE:PSX). 5,978 are held by Caprock Group Inc.

Since September 19, 2017, it had 0 buys, and 1 sale for $102,529 activity.

Among 18 analysts covering Phillips 66 (NYSE:PSX), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Phillips 66 had 57 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained Phillips 66 (NYSE:PSX) on Monday, September 4 with “Hold” rating. Cowen & Co maintained Phillips 66 (NYSE:PSX) rating on Monday, September 11. Cowen & Co has “Buy” rating and $95.0 target. As per Tuesday, August 23, the company rating was initiated by Jefferies. The rating was downgraded by Wells Fargo on Friday, July 8 to “Market Perform”. The firm has “Neutral” rating by Credit Suisse given on Monday, April 11. Credit Suisse maintained the shares of PSX in report on Tuesday, January 26 with “Outperform” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, October 10 report. The stock of Phillips 66 (NYSE:PSX) earned “Buy” rating by Piper Jaffray on Monday, November 13. The firm earned “Buy” rating on Monday, February 6 by Mizuho. The rating was maintained by on Monday, October 10 with “Equal-Weight”.

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