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Edge Wealth Management Has Upped Its At&T (T) Stake; City Holding Co Has 1 Sentiment

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City Holding Co (CHCO) investors sentiment decreased to 1 in 2017 Q4. It’s down -0.31, from 1.31 in 2017Q3. The ratio fall, as 54 hedge funds increased or started new holdings, while 54 trimmed and sold stock positions in City Holding Co. The hedge funds in our database reported: 10.53 million shares, up from 10.13 million shares in 2017Q3. Also, the number of hedge funds holding City Holding Co in top ten holdings was flat from 1 to 1 for the same number . Sold All: 13 Reduced: 41 Increased: 34 New Position: 20.

Edge Wealth Management Llc increased At&T Inc (T) stake by 615.76% reported in 2017Q4 SEC filing. Edge Wealth Management Llc acquired 252,515 shares as At&T Inc (T)’s stock declined 10.37%. The Edge Wealth Management Llc holds 293,524 shares with $11.46M value, up from 41,009 last quarter. At&T Inc now has $196.08 billion valuation. The stock decreased 1.15% or $0.37 during the last trading session, reaching $31.93. About 25.42M shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since May 18, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

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 rating was upgraded by HSBC to “Buy” on Wednesday, March 28. The stock has “Outperform” rating by Macquarie Research on Tuesday, April 5. Hilliard Lyons downgraded AT&T Inc. (NYSE:T) on Thursday, April 26 to “Neutral” rating. The stock has “Outperform” rating by Wells Fargo on Friday, March 23. The company was maintained on Monday, March 7 by DA Davidson. The stock has “Buy” rating by Nomura on Tuesday, November 21. On Monday, October 24 the stock rating was downgraded by Drexel Hamilton to “Hold”. Deutsche Bank downgraded the shares of T in report on Wednesday, January 11 to “Hold” rating. The company was downgraded on Thursday, July 13 by Bank of America. On Monday, July 27 the stock rating was reinitiated by Goldman Sachs with “Neutral”.

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.26, from 1.17 in 2017Q3. It dropped, 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. Panagora Asset Mgmt reported 3.99 million shares stake. Mark Sheptoff Finance Planning holds 2.48% or 97,906 shares. Strategic Financial Services Incorporated accumulated 22,659 shares. Minnesota-based Gradient Invests Ltd Liability Com has invested 0.6% in AT&T Inc. (NYSE:T). Sigma Investment Counselors accumulated 0.39% or 73,375 shares. Credit Suisse Ag holds 10.79M shares. Wilkins Inv Counsel Inc reported 1.17% of its portfolio in AT&T Inc. (NYSE:T). Moreover, Oregon Employees Retirement Fund has 0.74% invested in AT&T Inc. (NYSE:T). 19,915 are held by Cohen Cap Management. Oxbow Advsr Ltd Liability Corporation owns 88,911 shares. Hrt Fincl Lc, a New York-based fund reported 28,664 shares. Rock Point Advisors Limited Liability Co invested 0.12% in AT&T Inc. (NYSE:T). John G Ullman Assoc reported 10,414 shares. First Republic Mngmt has 0.46% invested in AT&T Inc. (NYSE:T). Rothschild Investment Il holds 1.46% or 345,108 shares.

More notable recent AT&T Inc. (NYSE:T) news were published by: Seekingalpha.com which released: “Why Buy AT&T While The Roof Is On Fire” on May 15, 2018, also Seekingalpha.com with their article: “AT&T conference update: Network speed investment, streaming video upgrades” published on May 15, 2018, 247Wallst.com published: “Why Short Interest in AT&T Keeps Marching Higher” on May 10, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “AT&T: Should We Be Worried?” published on April 30, 2018 as well as Seekingalpha.com‘s news article titled: “AT&T: The Sky Isn’t Falling” with publication date: May 02, 2018.

Edge Wealth Management Llc decreased Cl A stake by 563 shares to 15,789 valued at $16.66 million in 2017Q4. It also reduced Barrick Gold Corp (NYSE:ABX) stake by 22,040 shares and now owns 4,905 shares. Cvs Health Corp (NYSE:CVS) was reduced too.

The stock increased 0.64% or $0.47 during the last trading session, reaching $74.31. About 41,318 shares traded. City Holding Company (CHCO) has risen 10.11% since May 18, 2017 and is uptrending. It has underperformed by 1.44% the S&P500.

Analysts await City Holding Company (NASDAQ:CHCO) to report earnings on July, 23. They expect $1.13 EPS, up 20.21% or $0.19 from last year’s $0.94 per share. CHCO’s profit will be $17.44M for 16.44 P/E if the $1.13 EPS becomes a reality. After $1.13 actual EPS reported by City Holding Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

City Holding Company operates as a holding firm for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company has market cap of $1.15 billion. The firm accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts. It has a 20.8 P/E ratio. It also provides commercial and industrial loans that consist of loans to corporate and other legal entity borrowers primarily in small to mid-size industrial and commercial companies; commercial real estate loans comprising commercial mortgages, which are secured by nonresidential and multi-family residential properties; residential real estate loans to clients for the purchase or refinance of a residence; home equity junior lien loans; consumer loans that are secured by automobiles, boats, recreational vehicles, certificates of deposit, and other personal property; and demand deposit account overdrafts.

City Holding Co holds 9.23% of its portfolio in City Holding Company for 432,648 shares. Walthausen & Co. Llc owns 143,607 shares or 0.91% of their US portfolio. Moreover, Ntv Asset Management Llc has 0.29% invested in the company for 15,583 shares. The Massachusetts-based Polaris Capital Management Llc has invested 0.25% in the stock. Hamel Associates Inc., a New Jersey-based fund reported 3,850 shares.

Since January 1, 0001, it had 2 insider buys, and 9 sales for $2.04 million activity.

Another recent and important City Holding Company (NASDAQ:CHCO) news was published by Globenewswire.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Perficient, LogMein, City Holding, Nelnet, US …” on May 02, 2018.

City Holding Company (NASDAQ:CHCO) Institutional Positions Chart

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