As Webster Finl Conn (WBS) Share Value Declined, Par Capital Management Raised by $2.61 Million Its Holding; As At&T (T) Share Price Declined, Shareholder Patten Group Has Trimmed Stake by $376,662

January 14, 2018 - By Peter Erickson

Patten Group Inc decreased its stake in At&T Inc (T) by 20.16% based on its latest 2017Q3 regulatory filing with the SEC. Patten Group Inc sold 9,658 shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 38,237 shares of the telecommunications equipment company at the end of 2017Q3, valued at $1.50M, down from 47,895 at the end of the previous reported quarter. Patten Group Inc who had been investing in At&T Inc for a number of months, seems to be less bullish one the $226.53B market cap company. The stock increased 1.15% or $0.42 during the last trading session, reaching $36.9. About 31.18M shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since January 14, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

Paul Reeder increased its stake in Webster Finl Corp Conn (WBS) by 31.31% based on its latest 2017Q3 regulatory filing with the SEC. Par Capital Management Inc bought 50,100 shares as the company’s stock declined 12.63% while stock markets rallied. The hedge fund run by Paul Reeder held 210,100 shares of the major banks company at the end of 2017Q3, valued at $11.04M, up from 160,000 at the end of the previous reported quarter. Par Capital Management Inc who had been investing in Webster Finl Corp Conn for a number of months, seems to be bullish on the $5.90 billion market cap company. The stock increased 0.98% or $0.58 during the last trading session, reaching $59.58. About 446,408 shares traded. Webster Financial Corporation (NYSE:WBS) has risen 33.32% since January 14, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

Analysts await AT&T Inc. (NYSE:T) to report earnings on January, 24. They expect $0.65 earnings per share, down 1.52% or $0.01 from last year’s $0.66 per share. T’s profit will be $3.99 billion for 14.19 P/E if the $0.65 EPS becomes a reality. After $0.74 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts -12.16% 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 68 analyst reports since July 27, 2015 according to SRatingsIntel. Citigroup maintained the shares of T in report on Monday, March 14 with “Buy” rating. The stock has “Outperform” rating by Macquarie Research on Tuesday, April 5. The rating was maintained by Jefferies with “Buy” on Thursday, April 7. As per Friday, July 14, the company rating was maintained by Barclays Capital. The firm earned “Buy” rating on Tuesday, September 1 by Macquarie Research. The firm has “Buy” rating by Macquarie Research given on Tuesday, July 25. The stock of AT&T Inc. (NYSE:T) earned “Hold” rating by RBC Capital Markets on Friday, July 7. Jefferies maintained AT&T Inc. (NYSE:T) on Tuesday, July 18 with “Buy” rating. The rating was maintained by Cowen & Co with “Hold” on Monday, September 18. The stock of AT&T Inc. (NYSE:T) has “Buy” rating given on Friday, November 10 by Citigroup.

Investors sentiment increased to 1.17 in 2017 Q3. 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. Tdam Usa holds 614,313 shares or 1.41% of its portfolio. Vantage Inv Prns Ltd Llc holds 295,858 shares or 0.9% of its portfolio. Lucas Capital Management has 121,846 shares. Hilltop Holdg Inc reported 125,602 shares stake. Canada Pension Plan Investment Board owns 0.03% invested in AT&T Inc. (NYSE:T) for 423,091 shares. 15,689 were reported by Shufro Rose Ltd Liability. Peoples Financial Corp stated it has 73,219 shares or 1.63% of all its holdings. Partnervest Advisory Limited Co accumulated 0.63% or 33,264 shares. Patten Grp reported 153,298 shares stake. Ckw Group invested 0.02% in AT&T Inc. (NYSE:T). Lourd Capital Ltd Liability Corp reported 23,083 shares stake. Longer Invs holds 68,540 shares or 2.39% of its portfolio. Walter And Keenan Consulting Co Mi Adv accumulated 49,363 shares. 15,049 were reported by Private Asset Mngmt. Beech Hill Advisors holds 2.51% or 121,320 shares in its portfolio.

Among 17 analysts covering Webster Financial (NYSE:WBS), 8 have Buy rating, 1 Sell and 8 Hold. Therefore 47% are positive. Webster Financial had 46 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was maintained by Boenning & Scattergood with “Hold” on Friday, October 20. Piper Jaffray maintained Webster Financial Corporation (NYSE:WBS) on Thursday, July 13 with “Sell” rating. On Monday, April 24 the stock rating was maintained by Wood with “Buy”. The rating was maintained by Jefferies with “Hold” on Friday, August 11. Barclays Capital maintained Webster Financial Corporation (NYSE:WBS) on Monday, March 21 with “Overweight” rating. The firm earned “Hold” rating on Wednesday, November 8 by Deutsche Bank. The rating was maintained by Wood with “Buy” on Tuesday, April 11. The firm has “Buy” rating by Zacks given on Tuesday, September 22. Jefferies maintained it with “Hold” rating and $53.0 target in Friday, September 15 report. The company was downgraded on Monday, November 14 by Wells Fargo.

Par Capital Management Inc, which manages about $3.46B and $8.80B US Long portfolio, decreased its stake in Pgt Innovations Inc (NASDAQ:PGTI) by 400,000 shares to 761,394 shares, valued at $11.38 million in 2017Q3, according to the filing. It also reduced its holding in Bankrate Inc Del (NYSE:RATE) by 129,794 shares in the quarter, leaving it with 79,000 shares, and cut its stake in Trivago N V.

Since August 2, 2017, it had 0 insider buys, and 5 sales for $2.92 million activity. $631,435 worth of stock was sold by CRAWFORD JOHN JOSEPH on Tuesday, October 24. On Thursday, October 26 BLEY DANIEL sold $68,616 worth of Webster Financial Corporation (NYSE:WBS) or 1,239 shares. On Friday, October 27 SMITH JAMES COPENHAVER sold $500,220 worth of Webster Financial Corporation (NYSE:WBS) or 8,943 shares.

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.15, from 1.11 in 2017Q2. It worsened, as 29 investors sold WBS shares while 79 reduced holdings. 22 funds opened positions while 82 raised stakes. 84.59 million shares or 1.90% less from 86.23 million shares in 2017Q2 were reported. Lenox Wealth Advsr stated it has 75 shares. Ngam Advsrs Lp reported 0.01% of its portfolio in Webster Financial Corporation (NYSE:WBS). New Jersey-based Lord Abbett Limited Liability Corporation has invested 0.36% in Webster Financial Corporation (NYSE:WBS). Mutual Of America Mgmt Lc owns 0.13% invested in Webster Financial Corporation (NYSE:WBS) for 145,825 shares. Macquarie Group Incorporated Ltd owns 2.50 million shares. Rafferty Asset Mgmt Ltd Liability Corp invested in 21,307 shares. Invesco Limited reported 901,320 shares. State Of Wisconsin Inv Board invested 0% of its portfolio in Webster Financial Corporation (NYSE:WBS). Nomura Holdg reported 0% in Webster Financial Corporation (NYSE:WBS). Thrivent Financial For Lutherans holds 0% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 19,620 shares. Ftb Advisors holds 0% in Webster Financial Corporation (NYSE:WBS) or 415 shares. Advantus Mngmt stated it has 0.02% of its portfolio in Webster Financial Corporation (NYSE:WBS). Lincoln National holds 0.01% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 6,168 shares. Dimensional Fund Advisors Limited Partnership has invested 0.05% in Webster Financial Corporation (NYSE:WBS). Teachers Retirement Sys Of The State Of Kentucky, Kentucky-based fund reported 19,640 shares.

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