Dodge & Cox Cut Bb&T (BBT) Stake By $4.99 Million; Last Week RingCentral, Inc. (RNG) Coverage

February 20, 2018 - By mmahotstuff

Among 18 analysts covering RingCentral (NYSE:RNG), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. RingCentral had 60 analyst reports since July 21, 2015 according to SRatingsIntel. Northland Capital maintained it with “Buy” rating and $4300 target in Thursday, August 3 report. Jefferies maintained it with “Buy” rating and $38 target in Monday, May 29 report. The company was maintained on Tuesday, November 3 by Oppenheimer. The firm has “Overweight” rating given on Tuesday, April 11 by Morgan Stanley. The stock has “Buy” rating by Jefferies on Thursday, October 19. The company was maintained on Wednesday, December 9 by RBC Capital Markets. Jefferies maintained the shares of RNG in report on Friday, May 26 with “Buy” rating. On Thursday, August 3 the stock rating was maintained by Oppenheimer with “Buy”. The firm earned “Buy” rating on Monday, February 12 by SunTrust. Oppenheimer maintained the shares of RNG in report on Friday, July 31 with “Outperform” rating. See RingCentral, Inc. (NYSE:RNG) latest ratings:

13/02/2018 Broker: Stephens Rating: Buy New Target: $60.0 Maintain
13/02/2018 Broker: Robert W. Baird Rating: Hold New Target: $58.0 Maintain
13/02/2018 Broker: Northland Capital Rating: Buy New Target: $61.0 Maintain
13/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $57 New Target: $67 Maintain
13/02/2018 Broker: Craig Hallum Rating: Buy New Target: $65.0 Maintain
13/02/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $52 New Target: $60 Maintain
13/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $50 New Target: $60 Maintain
12/02/2018 Broker: SunTrust Rating: Buy New Target: $60.0 Maintain
12/02/2018 Broker: William Blair Rating: Buy Maintain
12/02/2018 Broker: Jefferies Rating: Buy New Target: $60.0 Maintain

Dodge & Cox decreased Bb&T Corp (BBT) stake by 0.52% reported in 2017Q3 SEC filing. Dodge & Cox sold 108,435 shares as Bb&T Corp (BBT)’s stock declined 11.91%. The Dodge & Cox holds 20.61 million shares with $967.27 million value, down from 20.71M last quarter. Bb&T Corp now has $42.91B valuation. The stock decreased 0.15% or $0.08 during the last trading session, reaching $54.88. About 1.32M shares traded. BB&T Corporation (NYSE:BBT) has risen 20.68% since February 20, 2017 and is uptrending. It has outperformed by 3.98% the S&P500.

Among 30 analysts covering BB&T Corp (NYSE:BBT), 11 have Buy rating, 0 Sell and 19 Hold. Therefore 37% are positive. BB&T Corp had 97 analyst reports since July 17, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Hilliard Lyons given on Friday, October 16. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Wednesday, August 23 report. The firm has “Buy” rating by RBC Capital Markets given on Thursday, July 27. The stock of BB&T Corporation (NYSE:BBT) has “Hold” rating given on Tuesday, December 12 by Keefe Bruyette & Woods. The firm has “Hold” rating by Deutsche Bank given on Wednesday, August 12. The rating was upgraded by Hilliard Lyons on Monday, January 25 to “Buy”. The firm has “Equalweight” rating given on Wednesday, April 6 by Barclays Capital. BMO Capital Markets maintained the stock with “Hold” rating in Monday, December 18 report. Hilliard Lyons downgraded the shares of BBT in report on Friday, July 21 to “Hold” rating. CLSA maintained the shares of BBT in report on Friday, September 23 with “Outperform” rating.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.23, from 1.16 in 2017Q2. It fall, as 56 investors sold BBT shares while 291 reduced holdings. 81 funds opened positions while 241 raised stakes. 500.82 million shares or 2.15% less from 511.81 million shares in 2017Q2 were reported. Benin Management holds 0.74% or 38,925 shares. Haverford Trust Com holds 0.01% or 6,717 shares in its portfolio. Argent Trust has 0.83% invested in BB&T Corporation (NYSE:BBT). Security Trust Company reported 0.4% in BB&T Corporation (NYSE:BBT). Boyd Watterson Asset Management Ltd Liability Corp Oh stated it has 6,230 shares or 0.14% of all its holdings. Kornitzer Mngmt Ks has invested 0.52% in BB&T Corporation (NYSE:BBT). Salem Counselors Inc stated it has 323,308 shares or 1.77% of all its holdings. Stearns Financial Svcs reported 46,643 shares. Rock Point Advisors Ltd Llc holds 0.1% or 4,600 shares. Prudential Public Lc holds 0% of its portfolio in BB&T Corporation (NYSE:BBT) for 21,060 shares. Kbc Gp Nv reported 0.04% in BB&T Corporation (NYSE:BBT). Aperio Gru Ltd Limited Liability Company holds 0.1% or 383,977 shares in its portfolio. Mitchell Mcleod Pugh & Williams Incorporated reported 6,135 shares stake. Checchi Capital Advisers Ltd Llc has 5,589 shares for 0.03% of their portfolio. White Pine Ltd Com holds 0% in BB&T Corporation (NYSE:BBT) or 6,550 shares.

Since October 20, 2017, it had 0 insider buys, and 11 insider sales for $14.66 million activity. Another trade for 12,357 shares valued at $589,373 was made by Johnson Robert Jerome JR on Wednesday, October 25. QUBEIN NIDO R sold 21,025 shares worth $1.15M. On Friday, January 19 KING KELLY S sold $3.28 million worth of BB&T Corporation (NYSE:BBT) or 60,000 shares. $2.66M worth of BB&T Corporation (NYSE:BBT) was sold by Henson Christopher L. The insider Wilson Donta L sold $201,929. $559,259 worth of BB&T Corporation (NYSE:BBT) was sold by BANNER JENNIFER S on Thursday, October 26. Shares for $373,811 were sold by Bradley W Bennett on Thursday, October 26.

Dodge & Cox increased Schlumberger Ltd (NYSE:SLB) stake by 349,824 shares to 48.62 million valued at $3.39B in 2017Q3. It also upped Liberty Global Plc (NASDAQ:LBTYK) stake by 3.23M shares and now owns 35.54M shares. Juniper Networks Inc (NYSE:JNPR) was raised too.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.32, from 1.31 in 2017Q2. It turned negative, as 18 investors sold RingCentral, Inc. shares while 62 reduced holdings. 26 funds opened positions while 53 raised stakes. 55.54 million shares or 2.55% more from 54.16 million shares in 2017Q2 were reported. Moreover, Frontier Cap Management Llc has 0.02% invested in RingCentral, Inc. (NYSE:RNG) for 82,833 shares. 99,952 are owned by California State Teachers Retirement. Jacobs Levy Equity Inc reported 193,346 shares. Clearbridge Investments Lc has 0% invested in RingCentral, Inc. (NYSE:RNG). Rainier Invest Mngmt Ltd Limited Liability Company owns 141,840 shares or 1.39% of their US portfolio. Strs Ohio invested in 32,100 shares. 431,188 are owned by Castleark Mgmt Limited Liability. Eagle Asset Management Inc holds 0.08% or 304,717 shares. Cortina Asset Mgmt stated it has 142,384 shares. Goldman Sachs Group Inc reported 213,373 shares stake. Brighton Jones Limited Liability Co owns 18,512 shares. Natl Bank Of Montreal Can, a Ontario – Canada-based fund reported 478 shares. Oakworth Capital Incorporated holds 296 shares. Amp Cap Limited accumulated 9,709 shares. Southpoint Advisors Ltd Partnership has invested 1.21% in RingCentral, Inc. (NYSE:RNG).

RingCentral, Inc. provides software-as-a-service solutions for business communications in the United States and internationally. The company has market cap of $5.03 billion. The companyÂ’s products include RingCentral Office, a multi-tenant, multi-location, enterprise-grade communications solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing subscription with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. It currently has negative earnings. The Company’s products also comprise RingCentral Contact Center, which provides a cloud based contact center solution that delivers multi-channel capabilities; and RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office.

The stock increased 3.05% or $1.93 during the last trading session, reaching $65.03. About 799,825 shares traded or 59.93% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since February 20, 2017 and is uptrending. It has outperformed by 64.15% the S&P500.

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