At&T (T) Stock Price Declined While Destination Wealth Management Has Upped Position by $602,811; Summit Equities Lowered Magellan Midstream Prtnrs LP Com Unit Rp LP (MMP) Position by $23.02 Million as Share Price Declined

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Destination Wealth Management increased its stake in At&T Inc (T) by 4.87% based on its latest 2018Q3 regulatory filing with the SEC. Destination Wealth Management bought 18,267 shares as the company’s stock declined 7.66% with the market. The institutional investor held 393,060 shares of the telecommunications equipment company at the end of 2018Q3, valued at $13.20M, up from 374,793 at the end of the previous reported quarter. Destination Wealth Management who had been investing in At&T Inc for a number of months, seems to be bullish on the $217.30 billion market cap company. The stock increased 0.10% or $0.03 during the last trading session, reaching $29.84. About 30.04M shares traded. AT&T Inc. (NYSE:T) has declined 17.31% since February 14, 2018 and is downtrending. It has underperformed by 17.31% the S&P500. Some Historical T News: 09/05/2018 – AT&T payments Trump lawyer more than reported — source familiar; 14/05/2018 – COOLPAD IN TALKS TO SELL PHONES THROUGH VERIZON, SPRINT, AT&T; 29/03/2018 – AU OPTRONICS 2409.TW SAYS 2017 CONSOLIDATED NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT COMPANY AT T$32.4 BLN; 09/05/2018 – AT&T SAYS COOPERATED WITH SPECIAL COUNSEL MUELLER REGARDING TRUMP LAWYER MICHAEL COHEN IN NOVEMBER AND DECEMBER 2017; 25/04/2018 – AT&T CFO: SEE CHALLENGES IN SAT. TV, BUT GAINS IN ONLINE TV; 06/03/2018 – AT&T: Capital Plans Include $1 Billion in Incremental Investment Due to Tax Reform; 11/05/2018 – AT&T Says Hiring Michael Cohen Was a ‘Big Mistake’ (Video); 26/04/2018 – CIENA JOB REORGANIZATION PLAN UNRELATED TO AT&T; 11/05/2018 – AT&T’s Michael Cohen payment underscores the importance of the Time Warner acquisition verdict; 25/04/2018 – AT&T 1Q ADJ. EBITDA $12.44B, EST. $13.22B; REAFFIRMS FORECAST

Summit Equities Inc decreased its stake in Magellan Midstream Prtnrs Lp Com Unit Rp Lp (MMP) by 2.82% based on its latest 2018Q3 regulatory filing with the SEC. Summit Equities Inc sold 340 shares as the company’s stock declined 13.13% with the market. The institutional investor held 11,738 shares of the natural gas distribution company at the end of 2018Q3, valued at $794.90 million, down from 12,078 at the end of the previous reported quarter. Summit Equities Inc who had been investing in Magellan Midstream Prtnrs Lp Com Unit Rp Lp for a number of months, seems to be less bullish one the $13.44 billion market cap company. The stock increased 0.87% or $0.51 during the last trading session, reaching $58.91. About 1.21M shares traded or 3.80% up from the average. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 11.47% since February 14, 2018 and is downtrending. It has underperformed by 11.47% the S&P500. Some Historical MMP News: 15/03/2018 – MMP DOESN’T EXPECT MATERIAL IMPACT FROM RECENT FERC RULING; 03/05/2018 – Magellan Midstream 1Q Adj EPS 98c; 20/04/2018 – DJ Magellan Midstream Partners LP, Inst Holders, 1Q 2018 (MMP); 03/05/2018 – Crude volumes on Magellan’s Bridg; 03/05/2018 – MAGELLAN MIDSTREAM SEES LOWER LONGHORN PIPELINE RATES IN 4Q; 20/04/2018 – Insur Dept (RI): MMP Notice 2018-1: Medical Marijuana Personal Grow “Plant Tag Certificate” – 4/20/2018; 03/05/2018 – MAGELLAN MIDSTREAM 1Q DISTRIBUTABLE CASH FLOW $258.9M; 27/03/2018 – Report: Exploring Fundamental Drivers Behind Mobile TeleSystems OJSC, Scorpio Tankers, Magellan Midstream Partners, National St; 17/05/2018 – Magellan Midstream to Participate in the 2018 MLP and Energy Infrastructure Conference; 03/05/2018 – Magellan Midstream Sees 2Q EPS 95c

Among 37 analysts covering AT&T Inc. (NYSE:T), 17 have Buy rating, 2 Sell and 18 Hold. Therefore 46% are positive. AT&T Inc. had 101 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of AT&T Inc. (NYSE:T) earned “Buy” rating by DA Davidson on Thursday, February 4. On Thursday, April 26 the stock rating was maintained by UBS with “Neutral”. The rating was maintained by Wells Fargo on Wednesday, April 12 with “Outperform”. The rating was maintained by Cowen & Co with “Hold” on Thursday, February 1. The firm has “Neutral” rating given on Thursday, April 26 by Hilliard Lyons. The stock of AT&T Inc. (NYSE:T) has “Outperform” rating given on Wednesday, April 27 by Cowen & Co. On Tuesday, October 25 the stock rating was upgraded by Independent Research to “Hold”. Raymond James maintained AT&T Inc. (NYSE:T) rating on Thursday, April 26. Raymond James has “Outperform” rating and $40 target. Macquarie Research initiated the stock with “Outperform” rating in Tuesday, April 5 report. Deutsche Bank maintained it with “Buy” rating and $45 target in Tuesday, June 28 report.

More notable recent AT&T Inc. (NYSE:T) news were published by: Fool.com which released: “Snap Won’t Grow Till It Does This 1 Thing – Motley Fool” on February 14, 2019, also Bizjournals.com with their article: “Report: AT&T refinancing debt with plans for bond sale amid efforts to de-lever – Dallas Business Journal” published on February 13, 2019, Seekingalpha.com published: “Twilio: Growth Isn’t Everything Anymore – Seeking Alpha” on February 13, 2019. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “AT&T: Stephenson Sets The Record Straight – Seeking Alpha” published on February 12, 2019 as well as Seekingalpha.com‘s news article titled: “AT&T -2% on weak Q4 wireless adds – Seeking Alpha” with publication date: January 30, 2019.

Investors sentiment decreased to 1 in Q3 2018. Its down 1.31, from 2.31 in 2018Q2. It dropped, as 97 investors sold T shares while 673 reduced holdings. 133 funds opened positions while 634 raised stakes. 3.52 billion shares or 3.17% less from 3.64 billion shares in 2018Q2 were reported. Tiaa Cref Invest Mngmt Limited Liability Corp reported 21.61M shares. Bridgecreek Investment Limited Liability, a Oklahoma-based fund reported 133,352 shares. Bbr Limited Liability Corporation invested 0.34% in AT&T Inc. (NYSE:T). Lederer And Assoc Invest Counsel Ca holds 1.46% or 51,546 shares. Citigroup holds 0.14% or 4.51M shares. New Vernon Invest Limited Liability, Illinois-based fund reported 12,067 shares. M Kraus And Communications holds 0.43% or 22,154 shares in its portfolio. Commercial Bank Of Hawaii holds 0.49% of its portfolio in AT&T Inc. (NYSE:T) for 188,357 shares. Vanguard Group stated it has 0.7% of its portfolio in AT&T Inc. (NYSE:T). Los Angeles Equity Rech stated it has 0.67% of its portfolio in AT&T Inc. (NYSE:T). Wilbanks Smith And Thomas Asset Mgmt Ltd reported 85,142 shares. Naples Advisors Llc invested in 0.66% or 73,393 shares. Owl Creek Asset Lp reported 2.78% of its portfolio in AT&T Inc. (NYSE:T). Signature And Investment Advisors Ltd Liability stated it has 0.02% in AT&T Inc. (NYSE:T). Lazard Asset Mngmt Ltd Liability Corp invested in 1.53M shares.

Destination Wealth Management, which manages about $1.42 billion and $1.80B US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 26,196 shares to 268,945 shares, valued at $60.71 million in 2018Q3, according to the filing. It also reduced its holding in Ishares Tr (IGM) by 6,445 shares in the quarter, leaving it with 238,799 shares, and cut its stake in Ishares Tr (PFF).

Investors sentiment decreased to 0.76 in Q3 2018. Its down 0.25, from 1.01 in 2018Q2. It is negative, as 34 investors sold MMP shares while 163 reduced holdings. 43 funds opened positions while 107 raised stakes. 139.35 million shares or 1.88% more from 136.78 million shares in 2018Q2 were reported. Gofen Glossberg Ltd Liability Corporation Il owns 7,969 shares. Ancora Advsr has invested 0.19% in Magellan Midstream Partners, L.P. (NYSE:MMP). Hudock Cap Grp Inc has invested 0% in Magellan Midstream Partners, L.P. (NYSE:MMP). Lpl Ltd reported 56,643 shares. Commercial Bank Of Mellon Corporation holds 97,718 shares or 0% of its portfolio. Duff And Phelps Investment Mgmt Company invested in 362,840 shares. 14,869 were reported by Cutter Brokerage. Boston Private Wealth Ltd Llc, Massachusetts-based fund reported 27,279 shares. Arcadia Invest Mgmt Mi accumulated 3,934 shares. Cullen Frost Bankers Inc, a Texas-based fund reported 30,066 shares. The Michigan-based Comerica Bancorp has invested 0% in Magellan Midstream Partners, L.P. (NYSE:MMP). West Family Invests reported 0.39% stake. Bb&T Lc invested 0.07% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Neuberger Berman Group Inc Ltd Limited Liability Company accumulated 202,615 shares. Noesis Cap Mangement Corp holds 14,400 shares or 0.34% of its portfolio.

Among 24 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 11 have Buy rating, 1 Sell and 12 Hold. Therefore 46% are positive. Magellan Midstream Partners L.P. had 82 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Saturday, August 8 by Raymond James. As per Friday, March 2, the company rating was maintained by UBS. Raymond James downgraded the shares of MMP in report on Thursday, January 12 to “Outperform” rating. The firm earned “Equal-Weight” rating on Tuesday, April 17 by Barclays Capital. The firm has “Buy” rating by Bank of America given on Friday, February 2. The firm earned “Hold” rating on Monday, July 17 by Stifel Nicolaus. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, April 29 report. The rating was maintained by Morgan Stanley with “Underweight” on Friday, March 16. On Wednesday, November 4 the stock rating was maintained by RBC Capital Markets with “Outperform”. As per Friday, February 3, the company rating was downgraded by UBS.

Since September 20, 2018, it had 0 buys, and 4 selling transactions for $3.37 million activity. MEARS MICHAEL N sold $2.07 million worth of stock. Selvidge Jeff R also sold $377,850 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) on Thursday, September 20. May Douglas J also sold $343,467 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) shares.

Summit Equities Inc, which manages about $2.45B and $601.27 billion US Long portfolio, upped its stake in Vanguard Tax Mngd Intl Fd Ftse Dev Mkt Etf (VEA) by 3,593 shares to 69,745 shares, valued at $3.02 billion in 2018Q3, according to the filing. It also increased its holding in Vanguard Index Fds Mid (VOE) by 2,745 shares in the quarter, for a total of 294,214 shares, and has risen its stake in Vanguard Index Fds Reit Etf (VNQ).

Magellan Midstream Partners, L.P. (NYSE:MMP) Institutional Positions Chart