Albion Financial Group Has Cut Its At&T (T) Position by $352,222; Suncoast Equity Management Stake In Home Depot (HD) Was Has Lifted

April 25, 2018 - By Henry Gaston

AT&T Inc. (NYSE:T) Logo

Albion Financial Group decreased its stake in At&T Inc. (T) by 11.5% based on its latest 2017Q4 regulatory filing with the SEC. Albion Financial Group sold 9,269 shares as the company’s stock declined 10.37% with the market. The institutional investor held 71,310 shares of the telecommunications equipment company at the end of 2017Q4, valued at $2.77 million, down from 80,579 at the end of the previous reported quarter. Albion Financial Group who had been investing in At&T Inc. for a number of months, seems to be less bullish one the $227.85B market cap company. The stock increased 0.23% or $0.08 during the last trading session, reaching $35.08. About 16.77 million shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since April 25, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

Suncoast Equity Management increased its stake in Home Depot (HD) by 31.82% based on its latest 2017Q4 regulatory filing with the SEC. Suncoast Equity Management bought 24,176 shares as the company’s stock declined 7.15% with the market. The institutional investor held 100,150 shares of the consumer services company at the end of 2017Q4, valued at $18.98M, up from 75,974 at the end of the previous reported quarter. Suncoast Equity Management who had been investing in Home Depot for a number of months, seems to be bullish on the $204.03 billion market cap company. The stock increased 0.42% or $0.74 during the last trading session, reaching $177. About 4.41 million shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.94% since April 25, 2017 and is uptrending. It has outperformed by 7.39% the S&P500.

Albion Financial Group, which manages about $833.04M and $656.71M US Long portfolio, upped its stake in Costco Wholesale Corp (NASDAQ:COST) by 12,854 shares to 14,183 shares, valued at $2.64M in 2017Q4, according to the filing. It also increased its holding in Vanguard Short (VCSH) by 11,561 shares in the quarter, for a total of 172,167 shares, and has risen its stake in Ishares Nasdaq Biotech (IBB).

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.26, from 1.17 in 2017Q3. It is negative, as 67 investors sold T shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported. Fisher Asset Mgmt Ltd Liability Corp has 91,584 shares for 0% of their portfolio. The Ohio-based Meeder Asset has invested 0.31% in AT&T Inc. (NYSE:T). Evergreen Llc holds 0.45% in AT&T Inc. (NYSE:T) or 114,840 shares. 8,065 are owned by Landscape Cap Ltd Company. 9,490 were accumulated by Halbert Hargrove Russell Ltd Com. Ifc Holdings Fl holds 182,331 shares. Lederer Associate Invest Counsel Ca owns 49,989 shares. 181,126 were accumulated by Fulton State Bank Na. Beck Mack Oliver Ltd Liability Corporation invested 0.06% in AT&T Inc. (NYSE:T). 28,529 were reported by Lawson Kroeker Mngmt Ne. Reliance Tru Communication reported 4.32% in AT&T Inc. (NYSE:T). Markston Intll Ltd Limited Liability Company has invested 0.68% in AT&T Inc. (NYSE:T). Moreover, Palladium Prtn Limited Liability Corp has 1.53% invested in AT&T Inc. (NYSE:T). Sigma Planning Corporation reported 0.78% in AT&T Inc. (NYSE:T). Banced, a Illinois-based fund reported 32,455 shares.

Among 31 analysts covering AT&T Inc. (NYSE:T), 12 have Buy rating, 1 Sell and 18 Hold. Therefore 39% are positive. AT&T Inc. had 79 analyst reports since July 27, 2015 according to SRatingsIntel. Macquarie Research maintained the stock with “Buy” rating in Tuesday, September 1 report. The firm earned “Hold” rating on Wednesday, January 11 by Deutsche Bank. The stock of AT&T Inc. (NYSE:T) earned “Hold” rating by Drexel Hamilton on Monday, October 24. The firm has “Neutral” rating by Bank of America given on Thursday, July 13. RBC Capital Markets maintained the shares of T in report on Monday, August 28 with “Hold” rating. The firm has “Sell” rating by Moffet Nathanson given on Friday, April 1. Cowen & Co maintained it with “Hold” rating and $4300 target in Tuesday, July 18 report. The company was maintained on Tuesday, July 19 by Citigroup. Barclays Capital downgraded the shares of T in report on Wednesday, October 26 to “Equal-Weight” rating. FBR Capital maintained AT&T Inc. (NYSE:T) rating on Friday, July 22. FBR Capital has “Mkt Perform” rating and $42 target.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.21, from 1.14 in 2017Q3. It dived, as 51 investors sold HD shares while 662 reduced holdings. 164 funds opened positions while 501 raised stakes. 788.59 million shares or 0.96% less from 796.24 million shares in 2017Q3 were reported. Marsico Mgmt accumulated 0.25% or 33,053 shares. Brown Advisory holds 318,332 shares. Sei Invs Co accumulated 591,856 shares or 0.39% of the stock. First Natl Co accumulated 69,256 shares. Lpl Ltd Co has 0.22% invested in The Home Depot, Inc. (NYSE:HD). Hanson Mcclain invested in 0.13% or 8,705 shares. Charter Trust stated it has 21,671 shares or 0.48% of all its holdings. Epoch Inv Partners Incorporated accumulated 2.52M shares or 1.58% of the stock. D L Carlson Investment Grp holds 1.72% or 30,623 shares in its portfolio. Lenox Wealth Mngmt Inc has invested 0% of its portfolio in The Home Depot, Inc. (NYSE:HD). Canada Pension Plan Invest Board has invested 0.3% in The Home Depot, Inc. (NYSE:HD). Ironwood Lc stated it has 0.01% of its portfolio in The Home Depot, Inc. (NYSE:HD). Dearborn Ltd Liability Company owns 82,777 shares or 1.13% of their US portfolio. Bb&T reported 0.36% of its portfolio in The Home Depot, Inc. (NYSE:HD). Raymond James Advsrs owns 0.59% invested in The Home Depot, Inc. (NYSE:HD) for 495,765 shares.

Among 35 analysts covering The Home Depot Inc. (NYSE:HD), 25 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. The Home Depot Inc. had 117 analyst reports since August 19, 2015 according to SRatingsIntel. On Thursday, November 30 the stock rating was maintained by Robert W. Baird with “Buy”. The firm has “Outperform” rating given on Wednesday, November 15 by RBC Capital Markets. Deutsche Bank maintained the shares of HD in report on Wednesday, August 17 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Friday, June 16. The stock has “Buy” rating by Jefferies on Friday, June 23. The firm has “Buy” rating given on Wednesday, September 13 by BMO Capital Markets. The stock of The Home Depot, Inc. (NYSE:HD) earned “Hold” rating by Cantor Fitzgerald on Monday, August 17. The stock has “Buy” rating by Argus Research on Wednesday, November 18. The company was maintained on Wednesday, February 21 by Wedbush. The company was maintained on Thursday, July 20 by Stifel Nicolaus.

Suncoast Equity Management, which manages about $229.33M and $362.34 million US Long portfolio, decreased its stake in Lowes (NYSE:LOW) by 4,819 shares to 173,277 shares, valued at $16.10 million in 2017Q4, according to the filing. It also reduced its holding in Alphabet Cl A by 447 shares in the quarter, leaving it with 6,576 shares, and cut its stake in Visa Inc (NYSE:V).

Since December 7, 2017, it had 2 buys, and 5 insider sales for $36.57 million activity. The insider Carey Matt sold 41,396 shares worth $7.58 million. CODINA ARMANDO M bought $1.19 million worth of stock or 6,650 shares. 16,827 The Home Depot, Inc. (NYSE:HD) shares with value of $3.00M were bought by BRENNEMAN GREGORY D. Menear Craig A had sold 113,687 shares worth $20.89 million. $1.97 million worth of stock was sold by Roseborough Teresa Wynn on Thursday, December 7. $3.31M worth of The Home Depot, Inc. (NYSE:HD) was sold by Decker Edward P. on Tuesday, February 27.

The Home Depot, Inc. (NYSE:HD) Institutional Positions Chart

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