As At&T (T) Stock Declined, Bingham Osborn & Scarborough Cut Its Position by $429,975; Starbucks (SBUX) Market Value Rose While Osher Van De Voorde Investment Management Upped Position

February 10, 2018 - By Dolores Ford

Bingham Osborn & Scarborough Llc decreased its stake in At&T Inc (T) by 33.03% based on its latest 2017Q3 regulatory filing with the SEC. Bingham Osborn & Scarborough Llc sold 11,025 shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 22,358 shares of the telecommunications equipment company at the end of 2017Q3, valued at $876,000, down from 33,383 at the end of the previous reported quarter. Bingham Osborn & Scarborough Llc who had been investing in At&T Inc for a number of months, seems to be less bullish one the $221.31 billion market cap company. The stock increased 1.35% or $0.48 during the last trading session, reaching $36.05. About 50.22 million shares traded or 51.14% up from the average. AT&T Inc. (NYSE:T) has declined 0.52% since February 10, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

Osher Van De Voorde Investment Management increased its stake in Starbucks Corp (SBUX) by 760.79% based on its latest 2017Q3 regulatory filing with the SEC. Osher Van De Voorde Investment Management bought 106,510 shares as the company’s stock rose 6.99% with the market. The institutional investor held 120,510 shares of the restaurants company at the end of 2017Q3, valued at $6.47M, up from 14,000 at the end of the previous reported quarter. Osher Van De Voorde Investment Management who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $76.72B market cap company. The stock increased 1.51% or $0.81 during the last trading session, reaching $54.58. About 19.38 million shares traded or 86.46% up from the average. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since February 10, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 25 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Starbucks Corporation had 100 analyst reports since July 28, 2015 according to SRatingsIntel. Bernstein maintained the shares of SBUX in report on Friday, June 16 with “Buy” rating. The rating was maintained by RBC Capital Markets on Friday, July 24 with “Outperform”. The firm has “Outperform” rating by BMO Capital Markets given on Friday, October 30. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Hold” rating by BMO Capital Markets on Thursday, January 25. As per Monday, November 21, the company rating was initiated by Buckingham Research. Piper Jaffray maintained Starbucks Corporation (NASDAQ:SBUX) on Friday, January 26 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Friday, January 26. The firm has “Buy” rating given on Tuesday, June 13 by Jefferies. The firm earned “Buy” rating on Tuesday, April 5 by Evercore. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Outperform” rating given on Monday, March 13 by Wedbush.

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.24, from 1.21 in 2017Q2. It turned negative, as 95 investors sold SBUX shares while 448 reduced holdings. 100 funds opened positions while 428 raised stakes. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported. Virtus Invest Advisers Incorporated reported 83,661 shares or 0.47% of all its holdings. Hodges Cap Management Inc owns 52,767 shares for 0.19% of their portfolio. 1.16M were accumulated by Amp Capital Ltd. United Kingdom-based Baring Asset Limited has invested 0.09% in Starbucks Corporation (NASDAQ:SBUX). Pathstone Family Office holds 200 shares or 0.01% of its portfolio. Hoertkorn Richard Charles invested in 50,460 shares or 1.72% of the stock. Stephens Ar reported 0.23% in Starbucks Corporation (NASDAQ:SBUX). Moreover, Palo has 0.65% invested in Starbucks Corporation (NASDAQ:SBUX) for 22,801 shares. Peapack Gladstone stated it has 0.7% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Granite Invest Prns Ltd Liability invested in 0.42% or 125,043 shares. Badgley Phelps Bell invested in 0.88% or 221,215 shares. Atlas Browninc reported 6,561 shares. Illinois-based Department Mb Bankshares N A has invested 1.09% in Starbucks Corporation (NASDAQ:SBUX). 7,550 were accumulated by Foundry Prtn Limited Liability Corporation. Bright Rock Capital Mngmt Ltd Llc stated it has 1.5% of its portfolio in Starbucks Corporation (NASDAQ:SBUX).

Since September 7, 2017, it had 0 buys, and 3 selling transactions for $13.98 million activity. On Wednesday, January 31 BURROWS CLIFFORD sold $9.28 million worth of Starbucks Corporation (NASDAQ:SBUX) or 162,826 shares. ULLMAN MYRON E III sold $1.23M worth of Starbucks Corporation (NASDAQ:SBUX) on Thursday, September 7.