Cumberland Partners LTD Lifted Holding in Royal Bank Of Canada (RY) by $2.36 Million as Stock Price Declined; Seaward Management Limited Partnership Cut Its Coca (KO) Position by $308,440

December 7, 2017 - By Migdalia James

Andrew Wallach increased its stake in Royal Bank Of Canada (RY) by 10.46% based on its latest 2017Q2 regulatory filing with the SEC. Cumberland Partners Ltd bought 32,715 shares as the company’s stock declined 9.02% while stock markets rallied. The hedge fund run by Andrew Wallach held 345,394 shares of the commercial banks company at the end of 2017Q2, valued at $25.05M, up from 312,679 at the end of the previous reported quarter. Cumberland Partners Ltd who had been investing in Royal Bank Of Canada for a number of months, seems to be bullish on the $115.68B market cap company. The stock decreased 0.23% or $0.18 during the last trading session, reaching $79.01. About 27,325 shares traded. Royal Bank of Canada (NYSE:RY) has risen 16.29% since December 7, 2016 and is uptrending. It has underperformed by 0.41% the S&P500.

Seaward Management Limited Partnership decreased its stake in Coca (KO) by 2.64% based on its latest 2017Q2 regulatory filing with the SEC. Seaward Management Limited Partnership sold 7,010 shares as the company’s stock rose 6.48% with the market. The institutional investor held 258,027 shares of the beverages (production and distribution) company at the end of 2017Q2, valued at $11.57 million, down from 265,037 at the end of the previous reported quarter. Seaward Management Limited Partnership who had been investing in Coca for a number of months, seems to be less bullish one the $197.04B market cap company. The stock decreased 0.44% or $0.205 during the last trading session, reaching $46.245. About 379,213 shares traded. The Coca-Cola Company (NYSE:KO) has declined 0.95% since December 7, 2016 and is downtrending. It has underperformed by 17.65% the S&P500.




Seaward Management Limited Partnership, which manages about $2.62B and $2.01B US Long portfolio, upped its stake in Vanguard Ftse Emerging Markets (VWO) by 25,445 shares to 199,301 shares, valued at $8.14M in 2017Q2, according to the filing. It also increased its holding in Abbott Labs (NYSE:ABT) by 705,962 shares in the quarter, for a total of 978,556 shares, and has risen its stake in Intl Business Machines (NYSE:IBM).

Investors sentiment increased to 0.94 in Q2 2017. Its up 0.15, from 0.79 in 2017Q1. It improved, 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. Badgley Phelps And Bell stated it has 0.04% in The Coca-Cola Company (NYSE:KO). Factory Mutual Ins holds 0.94% in The Coca-Cola Company (NYSE:KO) or 1.80 million shares. Jensen Investment Management stated it has 2.97M shares or 1.82% of all its holdings. Intersect Capital Ltd Liability Corporation accumulated 6,383 shares or 0.17% of the stock. Hancock Hldg holds 14,547 shares. Heritage Mngmt holds 1.01% or 336,579 shares. Whittier Trust has invested 0.54% in The Coca-Cola Company (NYSE:KO). Burney invested in 0.11% or 37,711 shares. Lowe Brockenbrough & Company invested in 0.88% or 124,867 shares. Psagot House accumulated 11,800 shares. Lodestar Investment Counsel Limited Il holds 0.74% or 130,296 shares. Jennison accumulated 315,594 shares or 0.02% of the stock. Busey Com invested in 0.14% or 22,960 shares. Credit Suisse Ag has invested 0.33% of its portfolio in The Coca-Cola Company (NYSE:KO). New York-based Mufg Americas has invested 3.14% in The Coca-Cola Company (NYSE:KO).

Analysts await The Coca-Cola Company (NYSE:KO) to report earnings on February, 8. They expect $0.38 EPS, up 2.70% or $0.01 from last year’s $0.37 per share. KO’s profit will be $1.62 billion for 30.42 P/E if the $0.38 EPS becomes a reality. After $0.50 actual EPS reported by The Coca-Cola Company for the previous quarter, Wall Street now forecasts -24.00% negative EPS growth.

Among 21 analysts covering Coca-Cola (NYSE:KO), 10 have Buy rating, 1 Sell and 10 Hold. Therefore 48% are positive. Coca-Cola had 63 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of The Coca-Cola Company (NYSE:KO) earned “Buy” rating by Bank of America on Monday, October 9. The firm earned “Equal Weight” rating on Friday, August 7 by Barclays Capital. The firm has “Buy” rating given on Tuesday, August 1 by RBC Capital Markets. The company was maintained on Wednesday, June 29 by Goldman Sachs. The firm has “Hold” rating by Jefferies given on Tuesday, June 20. The stock of The Coca-Cola Company (NYSE:KO) has “Buy” rating given on Tuesday, April 11 by Bernstein. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, September 18. On Tuesday, August 22 the stock rating was maintained by Cowen & Co with “Hold”. The rating was downgraded by Morgan Stanley on Friday, December 16 to “Equal-Weight”. The firm has “Buy” rating by Vetr given on Friday, August 28.

Since June 14, 2017, it had 0 insider purchases, and 1 sale for $1.32 million activity.

More important recent The Coca-Cola Company (NYSE:KO) news were published by: Fool.com which released: “3 Dividend Stocks With Better Yields Than Coca-Cola” on December 01, 2017, also Bloomberg.com published article titled: “Coca-Cola Bid for Amazon Shoppers Means Boosting Digital Lineup”, Al.com published: “Coca-Cola Bottling Co. UNITED execs honored by Newcomen Society” on November 15, 2017. More interesting news about The Coca-Cola Company (NYSE:KO) was released by: Foodbusinessnews.net and their article: “Coca-Cola Co. reimagining its approach to innovation” with publication date: November 27, 2017.

Cumberland Partners Ltd, which manages about $706.94M US Long portfolio, decreased its stake in Capital One Fincl Corp (NYSE:COF) by 6,201 shares to 97,005 shares, valued at $8.02 million in 2017Q2, according to the filing. It also reduced its holding in Wells Fargo & Co (NYSE:WFC) by 139,680 shares in the quarter, leaving it with 161,915 shares, and cut its stake in Toyota Motor Co Ltd Adr (NYSE:TM).

More notable recent Royal Bank of Canada (NYSE:RY) news were published by: Bloomberg.com which released: “RBC Posts Record Annual Profit While Cutting Corporate Loans” on November 29, 2017, also Seekingalpha.com with their article: “Don’t Short The Canadian Banks – Royal Bank Of Canada” published on December 05, 2017, Wsj.com published: “Royal Bank of Canada Beats Estimates, But Tech Spending Weighs on Results” on November 29, 2017. More interesting news about Royal Bank of Canada (NYSE:RY) were released by: Nasdaq.com and their article: “Royal Bank of Canada (RY) Q4 Earnings Impress, Revenues Up” published on November 30, 2017 as well as Investorplace.com‘s news article titled: “Royal Bank of Canada’s (RY) Robust Sales Growth Keep it a Buy” with publication date: December 05, 2017.

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