At&T (T) Holder Lipe & Dalton Has Raised Holding; Yost Capital Management Lowered Cullen Frost Bankers (CFR) Stake by $5.40 Million; Shares Declined

September 14, 2018 - By Jimmy Cauthen

Cullen/Frost Bankers, Inc. (NYSE:CFR) Logo

Lipe & Dalton increased its stake in At&T Inc (T) by 535.33% based on its latest 2018Q2 regulatory filing with the SEC. Lipe & Dalton bought 72,323 shares as the company’s stock rose 3.72% with the market. The institutional investor held 85,833 shares of the telecommunications equipment company at the end of 2018Q2, valued at $2.76 million, up from 13,510 at the end of the previous reported quarter. Lipe & Dalton who had been investing in At&T Inc for a number of months, seems to be bullish on the $242.01B market cap company. The stock decreased 1.05% or $0.355 during the last trading session, reaching $33.325. About 5.54 million shares traded. AT&T Inc. (NYSE:T) has declined 7.83% since September 14, 2017 and is downtrending. It has underperformed by 23.45% the S&P500. Some Historical T News: 22/03/2018 – AT&T and Justice Department Face Over Time Warner Merger (Video); 15/03/2018 – The Globe and Mail: AT&T, Time Warner merger trial delayed two days; 13/03/2018 – AT&T’s $1 billion global retraining effort is a bold response to US skills gap; 24/04/2018 – AT&T and CitySwitch Sign Deal for Building, Leasing New Cell Towers Beginning in 2018; 30/04/2018 – AT&T-Time Warner Deal at Crossroads as Judge Hears Final Pitches; 08/05/2018 – AT&T Says It Hired Cohen’s Firm ‘To Provide Insights’ Into New Administration; 20/03/2018 – DoJ trial to block AT&T takeover of Time Warner is test case for US deals; 20/04/2018 – US said to investigate AT&T and Verizon over wireless collusion claim, The New York Times reports; 09/04/2018 – TAIWAN’S INNOLUX 3481.TW SAYS MARCH SALES AT T$22.6 BLN; 29/03/2018 – AT&T Inc. Announces Cash Offers for Four Series of Notes Open to All Investors

Yost Capital Management Llc decreased its stake in Cullen Frost Bankers Inc (CFR) by 36.61% based on its latest 2018Q2 regulatory filing with the SEC. Yost Capital Management Llc sold 50,000 shares as the company’s stock declined 5.76% while stock markets rallied. The institutional investor held 86,560 shares of the finance company at the end of 2018Q2, valued at $9.37M, down from 136,560 at the end of the previous reported quarter. Yost Capital Management Llc who had been investing in Cullen Frost Bankers Inc for a number of months, seems to be less bullish one the $6.87B market cap company. The stock increased 0.21% or $0.22 during the last trading session, reaching $107.43. About 27,598 shares traded. Cullen/Frost Bankers, Inc. (NYSE:CFR) has risen 20.92% since September 14, 2017 and is uptrending. It has outperformed by 5.30% the S&P500. Some Historical CFR News: 16/03/2018 – FROST BANK- HAVE REPORTED INCIDENT TO, AND ARE COOPERATING WITH, LAW-ENFORCEMENT AUTHORITIES AND INVESTIGATION IS ONGOING; 26/04/2018 – Cullen/Frost Bankers 1Q Non-interest Income Was $91.4 Million; 24/04/2018 – Report: Developing Opportunities within HealthEquity, Chicago Rivet & Machine, NorthStar Realty Europe, Cullen/Frost Bankers, O; 26/04/2018 – Cullen/Frost Bankers 1Q Net Interest Income Was $229.7 Million; 01/05/2018 – Cramer also sits down with the CEOs of Agco and Cullen/Frost Bankers; 16/03/2018 – FROST BANK: STOPPED IDENTIFIED UNAUTHORIZED ACCESS; 26/04/2018 – J.D. Power Again Ranks Frost Bank Highest In Texas Retail Banking Customer Satisfaction; 16/03/2018 Frost Bank Issues Statement Regarding Unauthorized Access To Commercial Lockbox Image Archive; 21/05/2018 – Cullen/Frost Presenting at Conference Tomorrow; 16/03/2018 – Frost Bank Detected Unauthorized Access to Third-Party Lockbox Software Program

Among 18 analysts covering CullenFrost (NYSE:CFR), 4 have Buy rating, 1 Sell and 13 Hold. Therefore 22% are positive. CullenFrost had 81 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, January 8 by SunTrust. The firm has “Underperform” rating by Raymond James given on Thursday, August 10. The firm earned “Mkt Perform” rating on Thursday, April 6 by Raymond James. The company was downgraded on Thursday, November 17 by Wedbush. The stock of Cullen/Frost Bankers, Inc. (NYSE:CFR) has “Buy” rating given on Monday, December 19 by SunTrust. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, April 28. Stephens maintained the shares of CFR in report on Friday, February 9 with “Hold” rating. The rating was maintained by Maxim Group with “Buy” on Thursday, October 26. The rating was maintained by Keefe Bruyette & Woods on Thursday, January 25 with “Hold”. Piper Jaffray maintained it with “Hold” rating and $10000 target in Thursday, July 27 report.

Since April 27, 2018, it had 4 buys, and 1 insider sale for $12.52 million activity. 43,342 shares were bought by WESTON GRAHAM M, worth $4.99 million on Tuesday, May 1. Dawson Samuel G. bought $100,048 worth of Cullen/Frost Bankers, Inc. (NYSE:CFR) on Tuesday, May 1.

Investors sentiment increased to 1.71 in Q2 2018. Its up 0.70, from 1.01 in 2018Q1. It is positive, as 13 investors sold CFR shares while 83 reduced holdings. 60 funds opened positions while 104 raised stakes. 49.68 million shares or 1.41% less from 50.39 million shares in 2018Q1 were reported. Jcsd Ltd owns 20,000 shares. Commercial Bank Of America De holds 662,987 shares or 0.01% of its portfolio. Comerica National Bank invested in 0.04% or 50,747 shares. Aristotle Cap Mngmt invested in 2.28 million shares or 1.5% of the stock. Washington Tru Com reported 1,000 shares. The Iowa-based Cambridge Inv Research Advisors has invested 0% in Cullen/Frost Bankers, Inc. (NYSE:CFR). Financial Bank Of Montreal Can has invested 0% in Cullen/Frost Bankers, Inc. (NYSE:CFR). Barclays Plc invested 0% of its portfolio in Cullen/Frost Bankers, Inc. (NYSE:CFR). Teachers Retirement Sys Of The State Of Kentucky accumulated 0.05% or 37,755 shares. Advisory Svcs Net Ltd Liability Com has 5,948 shares for 0.05% of their portfolio. Palisade Capital Mgmt Ltd Company Nj invested in 1.15% or 368,642 shares. Coastline, Rhode Island-based fund reported 26,425 shares. Ing Groep Nv, a Netherlands-based fund reported 8,892 shares. Geode Capital Mngmt Limited Liability Corp has 0.02% invested in Cullen/Frost Bankers, Inc. (NYSE:CFR). Lpl Fincl Ltd Llc stated it has 47,348 shares.

Analysts await Cullen/Frost Bankers, Inc. (NYSE:CFR) to report earnings on October, 25. They expect $1.72 earnings per share, up 21.99% or $0.31 from last year’s $1.41 per share. CFR’s profit will be $109.93 million for 15.61 P/E if the $1.72 EPS becomes a reality. After $1.68 actual earnings per share reported by Cullen/Frost Bankers, Inc. for the previous quarter, Wall Street now forecasts 2.38% EPS growth.

Yost Capital Management Llc, which manages about $239.39M and $212.32 million US Long portfolio, upped its stake in Live Nation Entertainment In (NYSE:LYV) by 133,500 shares to 890,020 shares, valued at $43.23 million in 2018Q2, according to the filing.

Among 36 analysts covering AT&T Inc. (NYSE:T), 13 have Buy rating, 3 Sell and 20 Hold. Therefore 36% are positive. AT&T Inc. had 94 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of AT&T Inc. (NYSE:T) has “Buy” rating given on Monday, July 30 by Bank of America. The stock has “Hold” rating by Deutsche Bank on Wednesday, January 11. The stock of AT&T Inc. (NYSE:T) has “Buy” rating given on Friday, February 23 by Wells Fargo. The rating was maintained by Macquarie Research with “Buy” on Tuesday, September 1. As per Thursday, February 1, the company rating was maintained by Cowen & Co. The company was maintained on Thursday, April 7 by Jefferies. On Friday, July 14 the stock rating was maintained by Barclays Capital with “Equal Weight”. The firm has “Outperform” rating by Raymond James given on Thursday, April 26. The rating was initiated by Macquarie Research with “Outperform” on Tuesday, April 5. Robert W. Baird maintained it with “Buy” rating and $43.0 target in Wednesday, September 20 report.

More notable recent AT&T Inc. (NYSE:T) news were published by: Seekingalpha.com which released: “AT&T: Do Or Die Time” on August 23, 2018, also Seekingalpha.com with their article: “AT&T Valuation” published on September 11, 2018, Bizjournals.com published: “Verizon invests hundreds of millions locally for upgrades” on September 13, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Fool.com and their article: “T-Mobile Is Copying AT&T’s TV Strategy” published on September 11, 2018 as well as Seekingalpha.com‘s news article titled: “AT&T: Washed Out” with publication date: August 29, 2018.

Cullen/Frost Bankers, Inc. (NYSE:CFR) Institutional Positions Chart

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