Amica Mutual Insurance Company Boosted Holding in At&T (T) by $1.34 Million; As Citigroup (C) Shares Rose, Shareholder South Texas Money Management LTD Has Upped Position

January 13, 2018 - By Peter Erickson

Amica Mutual Insurance Company increased its stake in At&T Inc (T) by 9.84% based on its latest 2017Q3 regulatory filing with the SEC. Amica Mutual Insurance Company bought 34,336 shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 383,136 shares of the telecommunications equipment company at the end of 2017Q3, valued at $15.01M, up from 348,800 at the end of the previous reported quarter. Amica Mutual Insurance Company who had been investing in At&T Inc for a number of months, seems to be bullish on the $226.53B market cap company. The stock increased 1.15% or $0.42 during the last trading session, reaching $36.9. About 31.18 million shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since January 13, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

South Texas Money Management Ltd increased its stake in Citigroup Inc (C) by 135.01% based on its latest 2017Q3 regulatory filing with the SEC. South Texas Money Management Ltd bought 277,174 shares as the company’s stock rose 1.55% with the market. The institutional investor held 482,475 shares of the major banks company at the end of 2017Q3, valued at $35.10M, up from 205,301 at the end of the previous reported quarter. South Texas Money Management Ltd who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $203.17B market cap company. The stock increased 1.69% or $1.28 during the last trading session, reaching $76.84. About 16.95 million shares traded or 10.88% up from the average. Citigroup Inc. (NYSE:C) has risen 35.60% since January 13, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Since August 4, 2017, it had 0 buys, and 2 selling transactions for $3.05 million activity. Aristeguieta Francisco sold $2.70M worth of stock or 40,000 shares.

Among 38 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 16 Hold. Therefore 50% are positive. Citigroup Inc. had 108 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Citigroup Inc. (NYSE:C) earned “Buy” rating by Guggenheim on Monday, November 30. Nomura maintained it with “Buy” rating and $78 target in Monday, July 17 report. The rating was upgraded by Jefferies to “Buy” on Monday, September 28. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, June 1 report. Credit Suisse maintained it with “Buy” rating and $83.0 target in Monday, October 9 report. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Monday, September 21 by Evercore. Oppenheimer downgraded Citigroup Inc. (NYSE:C) on Thursday, November 9 to “Market Perform” rating. The rating was downgraded by Raymond James to “Underperform” on Wednesday, September 27. The firm has “Outperform” rating by Credit Suisse given on Monday, September 28. The rating was maintained by Jefferies with “Hold” on Friday, July 7.

South Texas Money Management Ltd, which manages about $2.17B and $2.11 billion US Long portfolio, decreased its stake in Eaton Corporation Plc (NYSE:ETN) by 4,379 shares to 399,994 shares, valued at $30.72 million in 2017Q3, according to the filing. It also reduced its holding in Vanguard Short (BSV) by 20,751 shares in the quarter, leaving it with 71,916 shares, and cut its stake in General Electric Co (NYSE:GE).

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It is positive, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported. King Luther Cap Mngmt accumulated 0.13% or 197,011 shares. Mitsubishi Ufj Holding accumulated 1,530 shares. Minneapolis Portfolio Gru Ltd Co, a Minnesota-based fund reported 487,594 shares. Joel Isaacson Limited Liability Corporation stated it has 8,760 shares or 0.12% of all its holdings. Principal Finance Group Inc reported 4.87 million shares. Invest Centers Of America holds 43,258 shares. Heritage Mgmt stated it has 212,580 shares or 1% of all its holdings. Meritage Mngmt has invested 0.66% in Citigroup Inc. (NYSE:C). Berkshire Asset Mngmt Ltd Liability Com Pa accumulated 169,493 shares. The Georgia-based Narwhal Mngmt has invested 2.11% in Citigroup Inc. (NYSE:C). Altfest L J Co holds 0.67% or 19,004 shares in its portfolio. Farmers And Merchants Invests reported 1,623 shares. Sentinel Tru Co Lba stated it has 113,369 shares or 1.39% of all its holdings. Cornerstone Inc owns 0.09% invested in Citigroup Inc. (NYSE:C) for 1,722 shares. Korea Invest reported 0.88% stake.

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. Robert W. Baird maintained it with “Outperform” rating and $42 target in Wednesday, October 25 report. RBC Capital Markets maintained it with “Hold” rating and $43.0 target in Monday, August 28 report. The stock of AT&T Inc. (NYSE:T) has “Buy” rating given on Tuesday, September 1 by Macquarie Research. Bank of America downgraded AT&T Inc. (NYSE:T) on Thursday, July 13 to “Neutral” rating. The firm earned “Equal-Weight” rating on Wednesday, October 26 by Barclays Capital. Cowen & Co maintained it with “Hold” rating and $41.0 target in Monday, September 18 report. Oppenheimer maintained the stock with “Hold” rating in Tuesday, July 25 report. KeyBanc Capital Markets maintained AT&T Inc. (NYSE:T) rating on Tuesday, January 2. KeyBanc Capital Markets has “Sector Weight” rating and $38 target. Nomura maintained the shares of T in report on Tuesday, November 21 with “Buy” rating. The firm earned “Hold” rating on Tuesday, August 8 by Oppenheimer.

Investors sentiment increased to 1.17 in Q3 2017. 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. State Bank Of The West owns 64,271 shares. Massachusetts-based Wade G W has invested 1.45% in AT&T Inc. (NYSE:T). Beck Mack & Oliver Limited Liability Co reported 47,932 shares. Berkshire Money reported 0.09% in AT&T Inc. (NYSE:T). Paragon Capital Management Limited reported 25,293 shares stake. Rodgers Brothers accumulated 50,966 shares. Mcf Advsr Ltd has 19,939 shares. Franklin has invested 0.02% in AT&T Inc. (NYSE:T). Advisory Svcs Network Llc reported 0.47% of its portfolio in AT&T Inc. (NYSE:T). Moreover, Chesley Taft And Associate Ltd Liability Company has 0.42% invested in AT&T Inc. (NYSE:T). Jnba Finance Advsr invested in 5,176 shares or 0.05% of the stock. Aviva Public Limited Liability has 1.12% invested in AT&T Inc. (NYSE:T) for 5.33 million shares. Sonata Grp reported 16,343 shares or 0.48% of all its holdings. Concert Wealth Management holds 1.86% or 11,675 shares in its portfolio. Fort Washington Investment Advsr Oh holds 1.29% of its portfolio in AT&T Inc. (NYSE:T) for 2.13 million shares.

Amica Mutual Insurance Company, which manages about $1.12 billion US Long portfolio, decreased its stake in The Kraft Heinz Co by 14,173 shares to 30,344 shares, valued at $2.35 million in 2017Q3, according to the filing. It also reduced its holding in Pepsico Inc (NYSE:PEP) by 8,542 shares in the quarter, leaving it with 71,081 shares, and cut its stake in Consolidated Edison Inc (NYSE:ED).

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