At&T (T) Shareholder Putnam Fl Investment Management Co Cut Its Holding by $1.21 Million; Edgewood Management Has Trimmed Its Stake in Equinix (EQIX) as Market Valuation Declined

May 21, 2018 - By Clifton Ray

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Putnam Fl Investment Management Co decreased its stake in At&T Inc. (T) by 10.04% based on its latest 2017Q4 regulatory filing with the SEC. Putnam Fl Investment Management Co sold 31,862 shares as the company’s stock declined 10.37% with the market. The institutional investor held 285,475 shares of the telecommunications equipment company at the end of 2017Q4, valued at $11.10 million, down from 317,337 at the end of the previous reported quarter. Putnam Fl Investment Management Co who had been investing in At&T Inc. for a number of months, seems to be less bullish one the $198.91 billion market cap company. The stock increased 1.06% or $0.34 during the last trading session, reaching $32.39. About 10.73 million shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since May 21, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

Edgewood Management Llc decreased its stake in Equinix Inc (EQIX) by 0.76% based on its latest 2017Q4 regulatory filing with the SEC. Edgewood Management Llc sold 14,148 shares as the company’s stock declined 8.22% with the market. The institutional investor held 1.85 million shares of the consumer services company at the end of 2017Q4, valued at $837.84 million, down from 1.86 million at the end of the previous reported quarter. Edgewood Management Llc who had been investing in Equinix Inc for a number of months, seems to be less bullish one the $30.85 billion market cap company. The stock increased 0.63% or $2.44 during the last trading session, reaching $388.3. About 163,093 shares traded. Equinix, Inc. (NASDAQ:EQIX) has risen 6.74% since May 21, 2017 and is uptrending. It has underperformed by 4.81% the S&P500.

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.26, from 1.17 in 2017Q3. It fall, 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. Kornitzer Management Ks reported 1.61M shares. Empirical Svcs Ltd Liability Com reported 15,455 shares. Coldstream Mngmt has invested 0.11% in AT&T Inc. (NYSE:T). Guggenheim Capital Ltd Liability has invested 0.27% in AT&T Inc. (NYSE:T). Jackson Wealth Management Ltd Co accumulated 17,692 shares. Allstate Corp reported 0.01% in AT&T Inc. (NYSE:T). Benchmark Advisors has invested 1.43% in AT&T Inc. (NYSE:T). Tig Limited Com reported 3.89% stake. Swarthmore Gp reported 12,850 shares or 0.11% of all its holdings. Pnc Financial Services Gru, a Pennsylvania-based fund reported 12.75M shares. Modera Wealth Mgmt Limited Liability owns 36,040 shares. Reaves W H & Incorporated, a New Jersey-based fund reported 1.99 million shares. Cypress Mngmt Lc (Wy) holds 1,000 shares. Capital Fund Mgmt Sa holds 119,159 shares or 0.03% of its portfolio. Beaumont Fincl Prns holds 0.9% or 198,310 shares.

Analysts await AT&T Inc. (NYSE:T) to report earnings on July, 24. They expect $0.89 EPS, up 12.66% or $0.10 from last year’s $0.79 per share. T’s profit will be $5.47B for 9.10 P/E if the $0.89 EPS becomes a reality. After $0.85 actual EPS reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 4.71% EPS growth.

Among 33 analysts covering AT&T Inc. (NYSE:T), 13 have Buy rating, 1 Sell and 19 Hold. Therefore 39% are positive. AT&T Inc. had 83 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Tuesday, August 8 by Oppenheimer. On Tuesday, January 30 the stock rating was maintained by Scotia Capital with “Hold”. HSBC upgraded the shares of T in report on Wednesday, March 28 to “Buy” rating. The rating was maintained by Jefferies with “Buy” on Tuesday, July 18. Citigroup maintained the shares of T in report on Friday, November 10 with “Buy” rating. The firm has “Neutral” rating given on Friday, February 2 by Bank of America. As per Thursday, January 26, the company rating was maintained by FBR Capital. On Tuesday, April 5 the stock rating was initiated by Macquarie Research with “Outperform”. The stock of AT&T Inc. (NYSE:T) earned “Neutral” rating by UBS on Wednesday, September 28. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, November 21 report.

More notable recent AT&T Inc. (NYSE:T) news were published by: Seekingalpha.com which released: “AT&T conference update: Network speed investment, streaming video upgrades” on May 15, 2018, also Seekingalpha.com with their article: “AT&T: The Sky Isn’t Falling” published on May 02, 2018, Seekingalpha.com published: “AT&T opposes divestitures in TWX deal” on May 04, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Investorplace.com and their article: “4 High Dividend Stocks in the S&P 500 to Buy for Income” published on May 21, 2018 as well as Fool.com‘s news article titled: “Is This How AT&T Plans to Make DIRECTV Now Profitable?” with publication date: May 21, 2018.

Putnam Fl Investment Management Co, which manages about $1.28 billion and $1.09B US Long portfolio, upped its stake in Vanguard Ftse All (VSS) by 9,860 shares to 82,948 shares, valued at $9.89M in 2017Q4, according to the filing. It also increased its holding in Ishares S&P Smallcap 600 Index (IJR) by 11,180 shares in the quarter, for a total of 230,216 shares, and has risen its stake in Schwab U.S. Large (SCHX).

Edgewood Management Llc, which manages about $9.25 billion and $22.97B US Long portfolio, upped its stake in American Tower Corp New (NYSE:AMT) by 108,926 shares to 6.44M shares, valued at $918.17 million in 2017Q4, according to the filing. It also increased its holding in Nike Inc (NYSE:NKE) by 319,083 shares in the quarter, for a total of 14.56 million shares, and has risen its stake in Alliance Data Systems Corp (NYSE:ADS).

Investors sentiment decreased to 1.33 in Q4 2017. Its down 0.07, from 1.4 in 2017Q3. It fall, as 33 investors sold EQIX shares while 156 reduced holdings. 66 funds opened positions while 185 raised stakes. 74.06 million shares or 1.05% more from 73.29 million shares in 2017Q3 were reported. Paradigm Asset Management Limited Liability Company stated it has 0.11% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Ifc Hldg Fl, a Florida-based fund reported 1,171 shares. Gemmer Asset Mngmt Lc holds 0.01% or 77 shares in its portfolio. Edgewood Mgmt Limited Liability accumulated 3.65% or 1.85 million shares. Rampart Invest Management Limited Liability reported 0.17% in Equinix, Inc. (NASDAQ:REIT). New Jersey-based Honeywell Inc has invested 0.33% in Equinix, Inc. (NASDAQ:REIT). Waterfront Cap Prtn Ltd Limited Liability Company has invested 3.22% in Equinix, Inc. (NASDAQ:REIT). Virtus Investment Advisers Incorporated has 0.21% invested in Equinix, Inc. (NASDAQ:REIT). Asset Inc, New York-based fund reported 1,631 shares. Wells Fargo And Mn accumulated 366,077 shares. Profund Advsr Ltd Liability Com accumulated 3,974 shares or 0.07% of the stock. Bessemer Gru stated it has 1,299 shares. Regions Fincl invested 0% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Lombard Odier Asset Mngmt (Europe) owns 907 shares or 0.03% of their US portfolio. Prudential Fincl holds 0.07% in Equinix, Inc. (NASDAQ:REIT) or 112,547 shares.

Since December 14, 2017, it had 0 insider buys, and 32 sales for $32.22 million activity. Campbell Michael Earl also sold $261,914 worth of Equinix, Inc. (NASDAQ:REIT) shares. Another trade for 2,717 shares valued at $1.14 million was made by STROHMEYER KARL on Friday, March 16. TAYLOR KEITH D had sold 1,500 shares worth $617,603 on Tuesday, March 27. Another trade for 10,706 shares valued at $4.74 million was sold by Smith Stephen M. The insider Schwartz Eric sold $2.19M. On Thursday, February 15 VAN CAMP PETER sold $296,712 worth of Equinix, Inc. (NASDAQ:REIT) or 740 shares.

Among 24 analysts covering Equinix (NASDAQ:EQIX), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Equinix had 70 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Monday, November 13. Credit Suisse maintained the stock with “Outperform” rating in Thursday, November 2 report. The company was maintained on Friday, August 12 by Canaccord Genuity. The firm has “Buy” rating given on Monday, January 29 by UBS. The firm has “Outperform” rating by Wells Fargo given on Monday, January 4. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, August 18. Guggenheim maintained Equinix, Inc. (NASDAQ:REIT) on Thursday, February 15 with “Buy” rating. The stock of Equinix, Inc. (NASDAQ:REIT) earned “Buy” rating by Deutsche Bank on Tuesday, April 17. The firm earned “Buy” rating on Thursday, January 25 by Guggenheim. The firm earned “Buy” rating on Tuesday, November 24 by SunTrust.

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