Wedbush Covers Zions Bancorp (ZION) with $62 Target; Wintergreen Advisers Has Cut By $48.63 Million Its British American Tobacco Plc (BTI) Holding

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Analysts at Wedbush initiated coverage on shares of Zions Bancorp (NASDAQ:ZION) in a a report revealed to clients on 15 May. The broker set a “Neutral” rating on the $11.36B market cap company.

Wintergreen Advisers Llc decreased British American Tobacco Plc (BTI) stake by 74.79% reported in 2017Q4 SEC filing. Wintergreen Advisers Llc sold 736,847 shares as British American Tobacco Plc (BTI)’s stock declined 16.55%. The Wintergreen Advisers Llc holds 248,333 shares with $16.64M value, down from 985,180 last quarter. British American Tobacco Plc now has $106.86B valuation. The stock increased 0.08% or $0.04 during the last trading session, reaching $51.54. About 2.24 million shares traded. British American Tobacco p.l.c. (NYSEMKT:BTI) has declined 15.61% since May 15, 2017 and is downtrending. It has underperformed by 27.16% the S&P500.

More recent British American Tobacco p.l.c. (NYSE:BTI) news were published by: Fool.com which released: “This E-Cig Recall Comes at a Bad Time for British American Tobacco” on April 25, 2018. Also Seekingalpha.com published the news titled: “Which Industries Are Benefitting From High Consumer Confidence?” on April 24, 2018. Seekingalpha.com‘s news article titled: “Tobacco Companies Might Be The Only Worthwhile Staples” with publication date: April 18, 2018 was also an interesting one.

Among 7 analysts covering British Amrcn Tobacco (NYSEMKT:BTI), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. British Amrcn Tobacco had 9 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, October 28 by Societe Generale. Investec upgraded British American Tobacco p.l.c. (NYSE:BTI) on Thursday, September 8 to “Buy” rating. The firm has “Buy” rating by Bank of America given on Tuesday, August 4. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, November 2. The stock of British American Tobacco p.l.c. (NYSE:BTI) has “Buy” rating given on Friday, August 4 by Investec. Societe Generale downgraded British American Tobacco p.l.c. (NYSE:BTI) on Friday, July 29 to “Hold” rating. The company was initiated on Tuesday, August 25 by Cowen & Co. As per Thursday, December 10, the company rating was downgraded by Goldman Sachs. The company was initiated on Thursday, May 25 by Piper Jaffray.

Investors sentiment increased to 1.07 in 2017 Q4. Its up 0.02, from 1.05 in 2017Q3. It increased, as 38 investors sold Zions Bancorporation shares while 138 reduced holdings. 67 funds opened positions while 122 raised stakes. 181.93 million shares or 0.36% more from 181.27 million shares in 2017Q3 were reported. Kames Capital Pcl reported 1.28% stake. Systematic Mngmt Lp has invested 0.01% in Zions Bancorporation (NASDAQ:ZION). Cambridge Financial Grp owns 138,701 shares. Rampart Invest Mngmt Co Limited Liability has 0.05% invested in Zions Bancorporation (NASDAQ:ZION) for 2,752 shares. State Bank Of Montreal Can holds 0.01% or 204,779 shares. Columbus Circle Investors, Connecticut-based fund reported 823,038 shares. Westpac Banking Corp accumulated 63,167 shares or 0.07% of the stock. Enterprise Financial Svcs Corporation reported 42 shares stake. Cibc Asset Mgmt stated it has 42,924 shares or 0.01% of all its holdings. Boston Ltd Liability has 20,736 shares for 0.02% of their portfolio. British Columbia holds 229,796 shares or 0.08% of its portfolio. Profund Advsrs Ltd Liability Corporation stated it has 0.02% in Zions Bancorporation (NASDAQ:ZION). Cornercap Investment Counsel holds 54,805 shares. Palisades Hudson Asset Mngmt Lp accumulated 6,118 shares or 0.17% of the stock. Acadian Asset Management Ltd Llc invested 0% of its portfolio in Zions Bancorporation (NASDAQ:ZION).

The stock decreased 0.35% or $0.2 during the last trading session, reaching $57.61. About 1.13 million shares traded. Zions Bancorporation (NASDAQ:ZION) has risen 27.56% since May 15, 2017 and is uptrending. It has outperformed by 16.01% the S&P500.

Since December 8, 2017, it had 0 buys, and 17 selling transactions for $6.36 million activity. Shares for $1.76M were sold by MCLEAN SCOTT J. Another trade for 7,100 shares valued at $389,577 was sold by STEPHENS STEVEN DAN. The insider Linderman LeeAnne B sold 1,041 shares worth $58,296. Shares for $77,238 were sold by LAURSEN THOMAS E on Friday, April 27. $387,649 worth of Zions Bancorporation (NASDAQ:ZION) was sold by Hume Alexander on Wednesday, January 31. On Monday, February 12 BLACKFORD DAVID E sold $211,791 worth of Zions Bancorporation (NASDAQ:ZION) or 4,115 shares. Another trade for 3,892 shares valued at $219,213 was made by ALEXANDER BRUCE K on Tuesday, May 8.

Zions Bancorporation, a financial holding company, provides a range of banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company has market cap of $11.36 billion. The firm offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related services and products; and residential mortgage servicing and lending. It has a 22.16 P/E ratio. It also provides trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

Among 31 analysts covering Zions Bancorporation (NASDAQ:ZION), 19 have Buy rating, 1 Sell and 11 Hold. Therefore 61% are positive. Zions Bancorporation has $67 highest and $1 lowest target. $49.03’s average target is -14.89% below currents $57.61 stock price. Zions Bancorporation had 142 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, March 9 the stock rating was maintained by Sandler O’Neill with “Buy”. The firm earned “Sell” rating on Tuesday, January 26 by UBS. The rating was upgraded by Bank of America on Thursday, December 15 to “Neutral”. The stock of Zions Bancorporation (NASDAQ:ZION) has “Hold” rating given on Thursday, January 4 by Susquehanna. As per Tuesday, November 22, the company rating was downgraded by Macquarie Research. SunTrust maintained it with “Buy” rating and $57.0 target in Tuesday, November 28 report. The firm earned “Buy” rating on Tuesday, January 23 by Sandler O’Neill. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, June 28. The company was maintained on Friday, February 16 by Jefferies. On Monday, May 9 the stock rating was upgraded by Raymond James to “Strong Buy”.

More news for Zions Bancorporation (NASDAQ:ZION) were recently published by: Seekingalpha.com, which released: “Zions Bancorporation 2018 Q1 – Results – Earnings Call Slides” on April 23, 2018. Seekingalpha.com‘s article titled: “Zions Bancorporation’s (ZION) CEO Harris Simmons on Q1 2018 Results – Earnings Call Transcript” and published on April 24, 2018 is yet another important article.

Analysts await Zions Bancorporation (NASDAQ:ZION) to report earnings on July, 24. They expect $0.91 earnings per share, up 24.66% or $0.18 from last year’s $0.73 per share. ZION’s profit will be $179.38 million for 15.83 P/E if the $0.91 EPS becomes a reality. After $1.09 actual earnings per share reported by Zions Bancorporation for the previous quarter, Wall Street now forecasts -16.51% negative EPS growth.

Zions Bancorporation (NASDAQ:ZION) Institutional Positions Chart