As Bank Of America (BAC) Share Value Declined, Cumberland Partners LTD Has Cut Its Position by $5.31 Million; Coca Cola Co (KO) Holder Semper Augustus Investments Group Has Cut Its Position by $880,000

November 23, 2017 - By Winifred Garcia

Andrew Wallach decreased its stake in Bank Of America (BAC) by 36.78% based on its latest 2017Q2 regulatory filing with the SEC. Cumberland Partners Ltd sold 221,100 shares as the company’s stock declined 6.00% while stock markets rallied. The hedge fund run by Andrew Wallach held 380,075 shares of the major banks company at the end of 2017Q2, valued at $9.22M, down from 601,175 at the end of the previous reported quarter. Cumberland Partners Ltd who had been investing in Bank Of America for a number of months, seems to be less bullish one the $277.35 billion market cap company. The stock decreased 0.26% or $0.07 on November 22, reaching $26.66. About 38.10M shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since November 23, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Semper Augustus Investments Group Llc decreased its stake in Coca Cola Co (KO) by 40% based on its latest 2017Q2 regulatory filing with the SEC. Semper Augustus Investments Group Llc sold 20,000 shares as the company’s stock rose 6.48% with the market. The hedge fund held 30,000 shares of the beverages (production and distribution) company at the end of 2017Q2, valued at $1.35 million, down from 50,000 at the end of the previous reported quarter. Semper Augustus Investments Group Llc who had been investing in Coca Cola Co for a number of months, seems to be less bullish one the $195.56B market cap company. The stock increased 0.13% or $0.06 on November 22, reaching $45.84. About 8.43M shares traded. The Coca-Cola Co (NYSE:KO) has declined 0.95% since November 23, 2016 and is downtrending. It has underperformed by 17.65% the S&P500.

Cumberland Partners Ltd, which manages about $706.94 million US Long portfolio, upped its stake in Pembina Pipeline Corp (NYSE:PBA) by 89,395 shares to 999,533 shares, valued at $33.07M in 2017Q2, according to the filing. It also increased its holding in Taiwan Semicon Man Sp/Adr (NYSE:TSM) by 37,425 shares in the quarter, for a total of 99,365 shares, and has risen its stake in Enbridge Inc (NYSE:ENB).

More notable recent Bank of America Corp (NYSE:BAC) news were published by: Reuters.com which released: “Bank of America consumer bankers depart for Citigroup: sources” on November 07, 2017, also Bloomberg.com with their article: “Ex-Bank of America Trader Fined $79500 for Market Abuse” published on November 22, 2017, Reuters.com published: “Bank of America CEO still sees no upside from Brexit” on October 26, 2017. More interesting news about Bank of America Corp (NYSE:BAC) were released by: Investorplace.com and their article: “Trade of the Day: Bank of America Corp Nears a Breakout” published on November 03, 2017 as well as Investorplace.com‘s news article titled: “Profit From the Bank of America Corp Stock Rally” with publication date: November 16, 2017.

Investors sentiment decreased to 1.12 in 2017 Q2. Its down 0.03, from 1.15 in 2017Q1. It turned negative, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. 6.34 billion shares or 0.73% less from 6.39 billion shares in 2017Q1 were reported. Castleark Management Ltd Co stated it has 0.39% of its portfolio in Bank of America Corp (NYSE:BAC). Hutchin Hill Capital LP stated it has 28,100 shares. Moreover, Monroe Savings Bank Mi has 0.1% invested in Bank of America Corp (NYSE:BAC). Rudman Errol M stated it has 0.18% of its portfolio in Bank of America Corp (NYSE:BAC). Quinn Opportunity Lc owns 410,000 shares. Piedmont Invest Advisors Limited Com reported 1.39% stake. Hl Fin Svcs Limited Liability reported 0.16% of its portfolio in Bank of America Corp (NYSE:BAC). Bain Equity Limited Company holds 3.11% in Bank of America Corp (NYSE:BAC) or 2.13 million shares. Bancorp Of Montreal Can owns 34.91 million shares for 0.81% of their portfolio. Blue Financial Cap Inc, Rhode Island-based fund reported 78,994 shares. Tegean Cap Management Limited Co has invested 6.65% of its portfolio in Bank of America Corp (NYSE:BAC). Becker Cap Management reported 16,158 shares stake. Union Comml Bank Corporation holds 0.16% in Bank of America Corp (NYSE:BAC) or 19,459 shares. Lvm Capital Management Limited Mi has invested 0.05% in Bank of America Corp (NYSE:BAC). Primecap Mngmt Ca has invested 0.14% in Bank of America Corp (NYSE:BAC).

Analysts await Bank of America Corp (NYSE:BAC) to report earnings on January, 12. They expect $0.47 EPS, up 17.50% or $0.07 from last year’s $0.4 per share. BAC’s profit will be $4.89 billion for 14.18 P/E if the $0.47 EPS becomes a reality. After $0.48 actual EPS reported by Bank of America Corp for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.

Among 30 analysts covering Bank of America (NYSE:BAC), 20 have Buy rating, 0 Sell and 10 Hold. Therefore 67% are positive. Bank of America had 94 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, January 11 by Citigroup. The stock has “Neutral” rating by Citigroup on Tuesday, April 4. Credit Suisse maintained Bank of America Corp (NYSE:BAC) on Thursday, June 1 with “Buy” rating. The stock has “Neutral” rating by Robert W. Baird on Tuesday, August 25. The rating was maintained by RBC Capital Markets on Friday, October 6 with “Buy”. The firm has “Outperform” rating given on Saturday, September 5 by Oppenheimer. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, June 6. The firm earned “Buy” rating on Tuesday, September 1 by Bernstein. Jefferies maintained Bank of America Corp (NYSE:BAC) on Wednesday, October 7 with “Buy” rating. Robert W. Baird maintained Bank of America Corp (NYSE:BAC) rating on Friday, August 25. Robert W. Baird has “Hold” rating and $24.0 target.

More notable recent The Coca-Cola Co (NYSE:KO) news were published by: Bizjournals.com which released: “Coca-Cola to test aftertaste-free stevia soda abroad” on November 17, 2017, also Fool.com with their article: “The Narrative Structure Coca-Cola Is Using to Dominate Beverage Markets” published on November 23, 2017, Al.com published: “Coca-Cola Bottling Co. UNITED execs honored by Newcomen Society” on November 15, 2017. More interesting news about The Coca-Cola Co (NYSE:KO) were released by: Investorplace.com and their article: “For Investors, the Coca-Cola Co Stock Is No Longer It” published on October 27, 2017 as well as Investorplace.com‘s news article titled: “Not There, Yet: What Level Makes The Coca-Cola Co Stock Interesting?” with publication date: October 26, 2017.

Investors sentiment increased to 0.94 in Q2 2017. Its up 0.15, from 0.79 in 2017Q1. It increased, as 49 investors sold KO shares while 618 reduced holdings. 123 funds opened positions while 504 raised stakes. 2.70 billion shares or 1.07% more from 2.67 billion shares in 2017Q1 were reported. Kistler holds 26,668 shares. Albion Group Ut has 23,754 shares. Joel Isaacson And Co Lc stated it has 23,057 shares. Moody Bancorporation Trust Division holds 0.08% or 38,471 shares in its portfolio. Blair William & Il has invested 0.12% in The Coca-Cola Co (NYSE:KO). Tiedemann Wealth Ltd Company invested in 43,153 shares. C World Group Holding A S has 0.55% invested in The Coca-Cola Co (NYSE:KO) for 806,708 shares. Advisory Ser Inc invested in 26,389 shares. 483,000 are owned by Bp Public Ltd Llc. Stralem invested 0.18% in The Coca-Cola Co (NYSE:KO). Kbc Nv holds 0.32% in The Coca-Cola Co (NYSE:KO) or 727,256 shares. Parkside Fincl Retail Bank invested 0.33% in The Coca-Cola Co (NYSE:KO). Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.47% invested in The Coca-Cola Co (NYSE:KO). Noesis Mangement Corporation reported 8,680 shares. Welch & Forbes Ltd Liability Company reported 0.6% of its portfolio in The Coca-Cola Co (NYSE:KO).

Since May 24, 2017, it had 0 buys, and 1 sale for $1.32 million activity. Another trade for 29,282 shares valued at $1.32M was sold by Perez Beatriz R.

Semper Augustus Investments Group Llc, which manages about $202.17 million and $130.18M US Long portfolio, upped its stake in Dst Sys Inc Del (NYSE:DST) by 7,568 shares to 15,136 shares, valued at $934,000 in 2017Q2, according to the filing.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: