United American Securities Lifted Coca Cola Company (KO) Position By $3.75 Million; Sunbelt Securities Has Decreased Its Bank Amer (BAC) Stake

November 14, 2017 - By Linda Rogers

United American Securities Inc increased Coca Cola Company (KO) stake by 90.14% reported in 2017Q2 SEC filing. United American Securities Inc acquired 85,245 shares as Coca Cola Company (KO)’s stock rose 6.48%. The United American Securities Inc holds 179,815 shares with $8.07 million value, up from 94,570 last quarter. Coca Cola Company now has $201.53B valuation. The stock rose 1.30% or $0.6 reaching $47.3 per share. About 7.01 million shares traded. The Coca-Cola Co (NYSE:KO) has declined 0.95% since November 14, 2016 and is downtrending. It has underperformed by 17.65% the S&P500.

Sunbelt Securities Inc decreased Bank Amer Corp (BAC) stake by 63.75% reported in 2017Q2 SEC filing. Sunbelt Securities Inc sold 53,211 shares as Bank Amer Corp (BAC)’s stock declined 6.00%. The Sunbelt Securities Inc holds 30,259 shares with $734,000 value, down from 83,470 last quarter. Bank Amer Corp now has $273.02B valuation. The stock declined 0.83% or $0.22 reaching $26.17 per share. About 23.20 million shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since November 14, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Investors sentiment increased to 0.94 in 2017 Q2. 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. Moreover, Peoples Fin Corporation has 1.29% invested in The Coca-Cola Co (NYSE:KO). Concorde Asset Mgmt Limited Liability Company has 5,412 shares. Lazard Asset Management Ltd Co owns 27.72M shares for 2.58% of their portfolio. Eagle Asset Mgmt, a Florida-based fund reported 1.87M shares. Lee Danner Bass reported 65,981 shares or 0.33% of all its holdings. 647,315 were accumulated by Vgi Ptnrs Pty Limited. Comml Bank Hapoalim Bm has invested 0.06% in The Coca-Cola Co (NYSE:KO). Hays Advisory Lc holds 0.06% or 5,580 shares in its portfolio. Lincoln Limited Liability Company holds 3% or 106,721 shares. Sequoia Fincl Advsr Limited Liability Corp, Ohio-based fund reported 42,526 shares. Woodmont Counsel Ltd Com holds 0.47% or 37,021 shares. Burt Wealth owns 7,032 shares for 0.22% of their portfolio. Private Advisor Group Inc Ltd Liability Corp holds 0.3% or 246,841 shares in its portfolio. Diligent Limited Liability Com accumulated 0.93% or 29,295 shares. 28,720 are owned by Mcmillion Cap Mgmt.

Since May 24, 2017, it had 0 buys, and 2 insider sales for $17.26 million activity. $1.32 million worth of The Coca-Cola Co (NYSE:KO) was sold by Perez Beatriz R. Shares for $15.94M were sold by Finan Irial on Wednesday, May 24.

Among 21 analysts covering Coca-Cola (NYSE:KO), 9 have Buy rating, 1 Sell and 11 Hold. Therefore 43% are positive. Coca-Cola had 62 analyst reports since July 21, 2015 according to SRatingsIntel. Macquarie Research initiated the stock with “Neutral” rating in Friday, September 15 report. Goldman Sachs downgraded the stock to “Sell” rating in Monday, January 9 report. The rating was upgraded by UBS to “Buy” on Friday, February 5. The rating was downgraded by BMO Capital Markets to “Market Perform” on Wednesday, June 7. The firm has “Hold” rating given on Monday, August 24 by Vetr. The firm has “Hold” rating by Stifel Nicolaus given on Monday, October 23. The rating was initiated by Sterne Agee CRT on Tuesday, July 21 with “Buy”. The stock has “Buy” rating by RBC Capital Markets on Friday, October 6. As per Wednesday, April 19, the company rating was upgraded by Credit Suisse. Goldman Sachs maintained The Coca-Cola Co (NYSE:KO) rating on Thursday, April 21. Goldman Sachs has “Neutral” rating and $47 target.

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 $4.90 billion for 13.92 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. RBC Capital Markets maintained it with “Buy” rating and $28.0 target in Friday, October 13 report. BMO Capital Markets maintained it with “Hold” rating and $21 target in Wednesday, April 12 report. Jefferies maintained the shares of BAC in report on Friday, August 11 with “Buy” rating. As per Wednesday, May 31, the company rating was maintained by BMO Capital Markets. The stock has “Buy” rating by Jefferies on Thursday, September 14. The stock of Bank of America Corp (NYSE:BAC) earned “Outperform” rating by Credit Agricole on Friday, January 29. The firm has “Hold” rating by Standpoint Research given on Thursday, December 1. Societe Generale upgraded the shares of BAC in report on Wednesday, January 11 to “Buy” rating. Oppenheimer maintained Bank of America Corp (NYSE:BAC) on Tuesday, October 6 with “Outperform” rating. The stock has “Buy” rating by Keefe Bruyette & Woods on Tuesday, October 3.

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