First Trust Bank LTD Trimmed By $1.75 Million Its Bank Amer (BAC) Holding; Cabot (CBT) Covered By 9 Bullish Analysts Last Week

February 24, 2018 - By Lawrence Diaz

First Trust Bank Ltd decreased Bank Amer Corp (BAC) stake by 24.94% reported in 2017Q3 SEC filing. First Trust Bank Ltd sold 70,000 shares as Bank Amer Corp (BAC)’s stock declined 6.00%. The First Trust Bank Ltd holds 210,721 shares with $5.34M value, down from 280,721 last quarter. Bank Amer Corp now has $329.50 billion valuation. The stock increased 1.07% or $0.34 during the last trading session, reaching $32.03. About 53.63 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 24, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 11 analysts covering Cabot (NYSE:CBT), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Cabot had 25 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was upgraded by Suntrust Robinson on Tuesday, December 19 to “Buy”. The stock has “Buy” rating by J.P. Morgan on Tuesday, August 15. Jefferies maintained the shares of CBT in report on Thursday, June 8 with “Buy” rating. The rating was upgraded by SunTrust to “Buy” on Tuesday, December 19. The firm earned “Buy” rating on Thursday, December 10 by BB&T Capital. The firm has “Buy” rating by Loop Capital given on Friday, January 5. The stock of Cabot Corporation (NYSE:CBT) has “Hold” rating given on Friday, August 12 by Deutsche Bank. On Wednesday, September 6 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm has “Overweight” rating by JP Morgan given on Tuesday, August 15. The firm has “Buy” rating by Northcoast given on Monday, February 12. See Cabot Corporation (NYSE:CBT) latest ratings:

12/02/2018 Broker: Northcoast Rating: Buy New Target: $75.0 Maintain
08/02/2018 Broker: Jefferies Rating: Buy New Target: $78.0 Maintain
26/01/2018 Broker: Needham Rating: Buy New Target: $120.0
05/01/2018 Broker: Loop Capital Old Rating: Hold New Rating: Buy Old Target: $59 New Target: $82 Upgrade
19/12/2017 Broker: Suntrust Robinson Old Rating: Hold New Rating: Buy Upgrade
19/12/2017 Broker: SunTrust Old Rating: Hold New Rating: Buy Upgrade
02/11/2017 Broker: Jefferies Rating: Buy New Target: $74.0 Maintain
31/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
10/10/2017 Broker: Jefferies Rating: Buy New Target: $68.0 Maintain
29/09/2017 Broker: Loop Capital Rating: Hold New Target: $59 Initiates Coverage On

Cabot Corporation operates as a specialty chemicals and performance materials company. The company has market cap of $3.99 billion. The firm offers carbon black, a form of elemental carbon used to enhance the physical properties of the systems and applications in which it is incorporated; and rubber blacks for use as a rubber reinforcing agent and performance additive in tires, hoses, belts, extruded profiles, and molded goods. It has a 65.43 P/E ratio. It also provides compounds of carbon black and rubber primarily for tire applications; and cesium formate, a drilling and completion fluid for use in high pressure and high temperature gas and oil well construction.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.26, from 1.25 in 2017Q2. It is negative, as 24 investors sold Cabot Corporation shares while 89 reduced holdings. 32 funds opened positions while 80 raised stakes. 51.85 million shares or 0.30% more from 51.70 million shares in 2017Q2 were reported. Public Employees Retirement Association Of Colorado holds 0% of its portfolio in Cabot Corporation (NYSE:CBT) for 11,708 shares. Cubist Systematic Strategies Llc holds 0.05% or 16,376 shares in its portfolio. Point72 Asset Ltd Partnership stated it has 0.02% in Cabot Corporation (NYSE:CBT). Connecticut-based Wright Invsts Ser has invested 0.21% in Cabot Corporation (NYSE:CBT). Vanguard Grp Inc holds 4.82 million shares. Fifth Third National Bank holds 0% or 10,941 shares in its portfolio. Moreover, Evercore Wealth Management Ltd Com has 0.01% invested in Cabot Corporation (NYSE:CBT) for 6,600 shares. Employees Retirement Sys Of Ohio holds 93,931 shares or 0.03% of its portfolio. Liberty Mutual Group Asset Mngmt Inc reported 16,342 shares stake. Barclays Public Ltd accumulated 19,373 shares or 0% of the stock. Louisiana State Employees Retirement System accumulated 16,600 shares or 0.04% of the stock. Comerica Savings Bank invested 0.04% of its portfolio in Cabot Corporation (NYSE:CBT). Dean Investment Associate Ltd Liability Co invested in 0.72% or 85,165 shares. Oregon Employees Retirement Fund holds 0.02% or 23,032 shares in its portfolio. North Star Invest Mgmt has 0.01% invested in Cabot Corporation (NYSE:CBT) for 800 shares.

The stock increased 1.19% or $0.76 during the last trading session, reaching $64.58. About 304,863 shares traded. Cabot Corporation (NYSE:CBT) has risen 15.44% since February 24, 2017 and is uptrending. It has underperformed by 1.26% the S&P500.

Since September 14, 2017, it had 0 insider purchases, and 1 insider sale for $207,207 activity. Kalkstein Hobart also sold $207,207 worth of Cabot Corporation (NYSE:CBT) shares.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird maintained Bank of America Corporation (NYSE:BAC) rating on Tuesday, January 2. Robert W. Baird has “Hold” rating and $30.0 target. Vetr upgraded the stock to “Buy” rating in Monday, August 24 report. The rating was upgraded by Bruyette & Woods” on Monday, August 24 to “Mkt Perform”. Raymond James maintained the stock with “Buy” rating in Tuesday, December 5 report. Renaissance Macro Securities LLC maintained Bank of America Corporation (NYSE:BAC) rating on Sunday, July 23. Renaissance Macro Securities LLC has “Buy” rating and $2900 target. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Keefe Bruyette & Woods on Sunday, August 13. The firm has “Buy” rating by Deutsche Bank given on Tuesday, August 25. As per Monday, May 16, the company rating was downgraded by Keefe Bruyette & Woods. Jefferies maintained Bank of America Corporation (NYSE:BAC) on Monday, October 10 with “Buy” rating. The rating was maintained by Oppenheimer with “Outperform” on Saturday, September 5.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It dropped, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Washington Tru Bancshares reported 80,832 shares. 220,643 are owned by Stellar Cap Mngmt Llc. B And T Management Dba Alpha Management reported 1.14% in Bank of America Corporation (NYSE:BAC). The Switzerland-based Banque Pictet And Cie Sa has invested 0.29% in Bank of America Corporation (NYSE:BAC). Rothschild Il holds 0.97% or 337,795 shares. Allen Inv Limited Liability reported 30,179 shares. Main Street Rech Ltd Limited Liability Company reported 13,397 shares or 0.05% of all its holdings. Kidder Stephen W reported 30,065 shares. Pekin Singer Strauss Asset Il stated it has 29,140 shares. Qs Ltd owns 519,349 shares or 0.11% of their US portfolio. 274,665 are held by Afam. Leisure Cap Mgmt, a California-based fund reported 12,148 shares. Eagle Cap Lc invested in 118,203 shares. Ct Mason invested 2.49% of its portfolio in Bank of America Corporation (NYSE:BAC). Massachusetts Services Ma reported 0.31% stake.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on April, 17. They expect $0.59 EPS, up 43.90% or $0.18 from last year’s $0.41 per share. BAC’s profit will be $6.07 billion for 13.57 P/E if the $0.59 EPS becomes a reality. After $0.47 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 25.53% EPS growth.

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

By

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:


>