Busey Trust Company Upped Its Holding in Starbucks (SBUX) by $444,258; Smith Asset Management Group LP Maintains Position in Verizon Communications (VZ)

June 22, 2018 - By Stephen Andrade

Starbucks Corporation (NASDAQ:SBUX) Logo

Smith Asset Management Group Lp increased its stake in Verizon Communications Inc (VZ) by 214433.33% based on its latest 2018Q1 regulatory filing with the SEC. Smith Asset Management Group Lp bought 128,660 shares as the company’s stock declined 1.16% with the market. The hedge fund held 128,720 shares of the telecommunications equipment company at the end of 2018Q1, valued at $6.16M, up from 60 at the end of the previous reported quarter. Smith Asset Management Group Lp who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $200.93B market cap company. The stock increased 1.12% or $0.54 during the last trading session, reaching $48.63. About 14.85M shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 7.08% since June 22, 2017 and is uptrending. It has underperformed by 5.49% the S&P500. Some Historical VZ News: 30/04/2018 – The insane bidding emphasized that Sprint and T-Mobile would have a difficult time competing with AT&T and Verizon on future spectrum auctions; 13/03/2018 – “While it does not enjoy the scale economics of AT&T and Verizon, it enjoys the advantage of having the superior position of growth as it takes continuous share,” McCormack wrote; 20/04/2018 – VZ: HAVE DIFFERENCE OF OPINION W/PHONE EQUIPMENT MANUFACTURERS; 24/04/2018 – Verizon Sees FY Revenue Growth at Low Single-Digit Percentage Rates; 12/04/2018 – BeyondTrust Contributes Vulnerability Statistics to 2018 Verizon Data Breach Investigations Report; 19/03/2018 – VZ BOOSTING GROUP 1 WATERFALL CAP TO ABOUT $1.9B FROM $1.5B; 02/04/2018 – Verizon Communications Inc. CDS Widens 5 Bps, Most in 6 Months; 10/05/2018 – U.S. ‘net neutrality’ rules will end on June 11 – FCC; 24/04/2018 – VERIZON – SEES FULL-YEAR CONSOLIDATED REVENUE GROWTH AT LOW SINGLE-DIGIT PERCENTAGE RATES ON A GAAP REPORTED BASIS; 24/04/2018 – Verizon 1Q EPS $1.11

Busey Trust Company increased its stake in Starbucks (SBUX) by 6.93% based on its latest 2018Q1 regulatory filing with the SEC. Busey Trust Company bought 7,794 shares as the company’s stock rose 1.31% while stock markets declined. The institutional investor held 120,285 shares of the restaurants company at the end of 2018Q1, valued at $6.96 million, up from 112,491 at the end of the previous reported quarter. Busey Trust Company who had been investing in Starbucks for a number of months, seems to be bullish on the $69.86B market cap company. The stock decreased 3.06% or $1.6 during the last trading session, reaching $50.62. About 29.45 million shares traded or 212.81% up from the average. Starbucks Corporation (NASDAQ:SBUX) has declined 7.92% since June 22, 2017 and is downtrending. It has underperformed by 20.49% the S&P500. Some Historical SBUX News: 23/03/2018 – Starbucks’ (SBUX) 2018 Annual Meeting of Shareholders Conference (Transcript); 26/04/2018 – STARBUCKS REPORTS ADDED 100M SHARE BUYBACK AUTHORIZATION; 17/04/2018 – Philly Starbucks Incident Least of CEO Kevin Johnson’s Problems; 07/05/2018 – NESTLE CEO: STARBUCKS TRANSACTION A `VERY DISCIPLINED’ DEAL; 07/05/2018 – Nestle is getting the rights to market Starbucks’ products around the world outside the U.S. coffee company’s shops; 21/05/2018 – Starbucks Says Drug Use, Sleeping Unacceptable as It Clarifies Guest Policy; 04/05/2018 – Nestle close to deal with Starbucks on its grocery business – reports; 21/04/2018 – A Problem Starbucks Can’t Train Away; 17/04/2018 – WPEC CBS12 News: BREAKING: Starbucks to close all stores nationwide to conduct racial-bias training; 15/04/2018 – New York Post: Starbucks apologizes for arrests of two black men at store

More notable recent Starbucks Corporation (NASDAQ:SBUX) news were published by: Nasdaq.com which released: “Starbucks Stores Closing: SBUX to Shutter 150 Locations in 2019” on June 20, 2018, also Seekingalpha.com with their article: “Starbucks: $25 Billion To Nowhere” published on June 21, 2018, Seekingalpha.com published: “Market Keeps Rewarding Growth – Cramer’s Mad Money (6/20/18)” on June 21, 2018. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Nasdaq.com and their article: “What Happened in the Stock Market Today” published on June 20, 2018 as well as Thestreet.com‘s news article titled: “3 Ways to Fix Starbucks Biggest Challenges” with publication date: June 20, 2018.

Busey Trust Company, which manages about $948.60M US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 19,653 shares to 88,363 shares, valued at $14.12 million in 2018Q1, according to the filing.

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.12, from 1.05 in 2017Q4. It dropped, as 61 investors sold SBUX shares while 485 reduced holdings. 118 funds opened positions while 391 raised stakes. 955.12 million shares or 2.87% less from 983.38 million shares in 2017Q4 were reported. 20,134 were accumulated by Tobam. Kj Harrison And Ptnrs owns 60,380 shares. High Pointe Management Ltd Llc reported 22,096 shares. Donaldson Mngmt Ltd Liability stated it has 2.66% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Stephens Ar accumulated 0.25% or 113,609 shares. Essex Inv Mngmt Llc accumulated 42,903 shares or 0.33% of the stock. The Australia-based Macquarie Gru Ltd has invested 0.03% in Starbucks Corporation (NASDAQ:SBUX). Advsrs Ok stated it has 0.01% in Starbucks Corporation (NASDAQ:SBUX). Denver Investment Ltd reported 16,642 shares stake. Bnp Paribas Asset Mgmt Hldgs has invested 0.38% in Starbucks Corporation (NASDAQ:SBUX). Moreover, Guardian Advsr Ltd Partnership has 0.09% invested in Starbucks Corporation (NASDAQ:SBUX) for 10,763 shares. Andra Ap has invested 0.04% in Starbucks Corporation (NASDAQ:SBUX). Tiemann Invest Advsrs Ltd Liability Corporation stated it has 0.27% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). West Virginia-based Wesbanco National Bank & Trust has invested 0.42% in Starbucks Corporation (NASDAQ:SBUX). Cim Limited Liability Co stated it has 2.12% of its portfolio in Starbucks Corporation (NASDAQ:SBUX).

Since January 31, 2018, it had 0 buys, and 3 sales for $13.62 million activity. 59,838 shares were sold by WEATHERUP CRAIG, worth $3.60M on Tuesday, March 13. ULLMAN MYRON E III sold $740,851 worth of stock or 12,500 shares.

Among 38 analysts covering Starbucks Corporation (NASDAQ:SBUX), 21 have Buy rating, 0 Sell and 17 Hold. Therefore 55% are positive. Starbucks Corporation had 117 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Tuesday, October 3 by Jefferies. Robert W. Baird maintained the stock with “Buy” rating in Monday, June 5 report. The rating was maintained by BMO Capital Markets on Tuesday, October 3 with “Hold”. UBS maintained the shares of SBUX in report on Friday, March 9 with “Buy” rating. The firm earned “Outperform” rating on Friday, January 26 by Oppenheimer. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Neutral” rating given on Wednesday, June 14 by Wedbush. The firm earned “Hold” rating on Monday, August 24 by Zacks. On Friday, January 26 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was maintained by Wedbush with “Hold” on Friday, July 28. The firm has “Neutral” rating given on Wednesday, June 20 by Mizuho.

Smith Asset Management Group Lp, which manages about $2.91 billion and $3.04 billion US Long portfolio, decreased its stake in Adobe Systems Inc (NASDAQ:ADBE) by 11,116 shares to 500,541 shares, valued at $108.23M in 2018Q1, according to the filing. It also reduced its holding in Pra Health Sciences Inc by 22,265 shares in the quarter, leaving it with 35,135 shares, and cut its stake in Sp Plus Corp (NASDAQ:SP).

Among 33 analysts covering Verizon Communications Inc. (NYSE:VZ), 17 have Buy rating, 0 Sell and 16 Hold. Therefore 52% are positive. Verizon Communications Inc. had 87 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Monday, January 25 with “Outperform”. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, January 25. On Tuesday, February 21 the stock rating was upgraded by Moffett Nathanson to “Buy”. On Wednesday, January 24 the stock rating was maintained by Jefferies with “Hold”. The stock of Verizon Communications Inc. (NYSE:VZ) has “Neutral” rating given on Wednesday, July 27 by Hilliard Lyons. The company was maintained on Monday, September 18 by Cowen & Co. As per Thursday, January 19, the company rating was initiated by HSBC. J.P. Morgan upgraded Verizon Communications Inc. (NYSE:VZ) rating on Friday, May 11. J.P. Morgan has “Buy” rating and $5800 target. On Thursday, June 15 the stock rating was maintained by Macquarie Research with “Hold”. DA Davidson initiated the shares of VZ in report on Thursday, February 4 with “Neutral” rating.

More notable recent Verizon Communications Inc. (NYSE:VZ) news were published by: Globenewswire.com which released: “John Stratton to retire from Verizon by end of 2018” on June 08, 2018, also 247Wallst.com with their article: “6 Most Important Things in Business Today” published on June 20, 2018, Seekingalpha.com published: “Verizon ending location-sharing after leaks” on June 19, 2018. More interesting news about Verizon Communications Inc. (NYSE:VZ) were released by: Seekingalpha.com and their article: “For CenturyLink It Feels Like 2013 All Over Again” published on June 19, 2018 as well as Benzinga.com‘s news article titled: “Goldman Sachs Updates Its Telecom Outlook: ‘The Pipes Are Not Broken'” with publication date: June 21, 2018.

Since February 13, 2018, it had 0 insider buys, and 2 insider sales for $444,552 activity.

Investors sentiment decreased to 0.97 in 2018 Q1. Its down 0.05, from 1.02 in 2017Q4. It dropped, as 69 investors sold VZ shares while 675 reduced holdings. 132 funds opened positions while 593 raised stakes. 2.55 billion shares or 0.58% more from 2.54 billion shares in 2017Q4 were reported. Aqr Capital Mgmt Ltd Liability Com reported 4.14 million shares or 0.21% of all its holdings. Lbmc Invest Advisors Limited Com has 12,851 shares for 0.11% of their portfolio. Riverhead Capital Management Ltd invested 0.17% in Verizon Communications Inc. (NYSE:VZ). Carnegie Asset Limited Liability Co holds 149,838 shares or 0.61% of its portfolio. Virginia-based Thompson Siegel Walmsley Ltd Com has invested 0.22% in Verizon Communications Inc. (NYSE:VZ). Alberta – Canada-based Mawer Invest Limited has invested 1.16% in Verizon Communications Inc. (NYSE:VZ). The Ohio-based Cincinnati Specialty Underwriters Insur has invested 1.17% in Verizon Communications Inc. (NYSE:VZ). One National Association holds 104,601 shares. Alley Limited Co has 84,556 shares for 1.39% of their portfolio. Nebraska-based Berkshire Hathaway has invested 0% in Verizon Communications Inc. (NYSE:VZ). National Pension Serv holds 3.48 million shares. 927,621 are held by Bb&T. 4,994 are held by Banced. Orrstown Fin Services reported 23,703 shares. Signaturefd Limited Co accumulated 21,297 shares.

Verizon Communications Inc. (NYSE:VZ) Institutional Positions Chart

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