As Idexx Labs (IDXX) Market Value Rose, Holder First Republic Investment Management Has Trimmed Its Holding by $1.01 Million; Bank Amer (BAC) Stock Price Declined While Obermeyer Wood Investment Counsel Lllp Has Lowered by $384,912 Its Stake

December 7, 2017 - By Peter Erickson

Obermeyer Wood Investment Counsel Lllp decreased its stake in Bank Amer Corp (BAC) by 0.77% based on its latest 2017Q2 regulatory filing with the SEC. Obermeyer Wood Investment Counsel Lllp sold 16,038 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 2.06 million shares of the major banks company at the end of 2017Q2, valued at $50.03M, down from 2.08 million at the end of the previous reported quarter. Obermeyer Wood Investment Counsel Lllp who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $298.73 billion market cap company. The stock decreased 1.00% or $0.29 during the last trading session, reaching $28.64. About 74.59M shares traded or 7.69% up from the average. Bank of America Corporation (NYSE:BAC) has risen 58.64% since December 7, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.




First Republic Investment Management Inc decreased its stake in Idexx Labs Inc (IDXX) by 2.29% based on its latest 2017Q2 regulatory filing with the SEC. First Republic Investment Management Inc sold 6,286 shares as the company’s stock rose 13.64% with the market. The hedge fund held 268,527 shares of the health care company at the end of 2017Q2, valued at $43.35M, down from 274,813 at the end of the previous reported quarter. First Republic Investment Management Inc who had been investing in Idexx Labs Inc for a number of months, seems to be less bullish one the $13.95 billion market cap company. The stock increased 0.13% or $0.21 during the last trading session, reaching $159.99. About 624,344 shares traded or 23.76% up from the average. IDEXX Laboratories, Inc. (NASDAQ:IDXX) has risen 83.30% since December 7, 2016 and is uptrending. It has outperformed by 66.60% the S&P500.

Analysts await Bank of America Corporation (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 $4.90B for 15.23 P/E if the $0.47 EPS becomes a reality. After $0.48 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.03, from 1.15 in 2017Q1. It is 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. Tci Wealth Advsr Inc reported 14,402 shares. Oppenheimer Asset Mgmt Incorporated holds 826,054 shares or 0.55% of its portfolio. Aspiriant Lc holds 0.04% of its portfolio in Bank of America Corporation (NYSE:BAC) for 19,922 shares. Wedge Capital Mgmt L LP Nc has 0.45% invested in Bank of America Corporation (NYSE:BAC). Glenmede Commerce Na reported 455,014 shares or 0.05% of all its holdings. Old West Management Limited Liability reported 124,872 shares or 1.62% of all its holdings. Bingham Osborn And Scarborough Ltd Limited Liability Company, a California-based fund reported 87,121 shares. Paradigm Advsrs Llc holds 330,124 shares or 4.05% of its portfolio. Hedeker Wealth Lc, Illinois-based fund reported 122,061 shares. Calamos Wealth Ltd Llc, a Illinois-based fund reported 258,587 shares. Teachers Retirement Systems Of The State Of Kentucky has invested 0.82% of its portfolio in Bank of America Corporation (NYSE:BAC). Concert Wealth Mngmt holds 0.96% or 37,592 shares in its portfolio. 198,431 were accumulated by Stanley Capital Limited Company. Ferguson Wellman Management reported 20,544 shares. Farmers & Merchants Invs Inc stated it has 0.49% in Bank of America Corporation (NYSE:BAC).

Among 31 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 10 Hold. Therefore 68% are positive. Bank of America had 95 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Thursday, September 14. The rating was upgraded by KBW to “Outperform” on Monday, August 24. The firm has “Buy” rating given on Wednesday, June 14 by RBC Capital Markets. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. Nomura maintained it with “Buy” rating and $2700 target in Tuesday, July 18 report. The rating was downgraded by Berenberg on Monday, April 24 to “Hold”. Citigroup maintained the shares of BAC in report on Wednesday, January 11 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Wednesday, April 5. The firm has “Buy” rating by KBW given on Tuesday, September 1. The firm has “Overweight” rating given on Wednesday, December 21 by Atlantic Securities.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Bloomberg.com which released: “Bank of America Faces Long Road to Credit-Card Revival” on December 05, 2017, also Thestreet.com with their article: “Bull Market Heading for Major Correction in 2018, Bank of America Says” published on December 06, 2017, Investorplace.com published: “Bank of America Corp’s Rally Is Overdone” on November 28, 2017. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Investorplace.com and their article: “3 Big Stock Charts for Monday: Bank of America Corp (BAC), Bristol-Myers …” published on December 04, 2017 as well as Nasdaq.com‘s news article titled: “Bank of America Reaches Analyst Target Price” with publication date: November 30, 2017.

Investors sentiment increased to 1.19 in 2017 Q2. Its up 0.25, from 0.94 in 2017Q1. It is positive, as 28 investors sold IDXX shares while 184 reduced holdings. 86 funds opened positions while 167 raised stakes. 76.34 million shares or 0.83% less from 76.98 million shares in 2017Q1 were reported. Martingale Asset Management Limited Partnership owns 2,003 shares. Nomura Hldgs Incorporated stated it has 7,355 shares. Oppenheimer Asset Mngmt holds 7,883 shares. Captrust Advsr owns 600 shares or 0.01% of their US portfolio. Keybank National Association Oh invested in 3,640 shares or 0% of the stock. Bancorporation Of Hawaii reported 0.14% in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Us National Bank De reported 15,298 shares. Spinnaker Trust stated it has 4,500 shares or 0.09% of all its holdings. stated it has 5.36% in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Oppenheimer And Inc owns 19,502 shares for 0.09% of their portfolio. Meeder Asset accumulated 7,138 shares. Moreover, Cobblestone Capital Advsr Limited has 1.08% invested in IDEXX Laboratories, Inc. (NASDAQ:IDXX) for 51,340 shares. Acadian Asset Mngmt Limited accumulated 0.04% or 58,064 shares. Aviva Public Llc reported 0.05% in IDEXX Laboratories, Inc. (NASDAQ:IDXX). North Star Management Corporation holds 0.01% of its portfolio in IDEXX Laboratories, Inc. (NASDAQ:IDXX) for 270 shares.

First Republic Investment Management Inc, which manages about $25.99 billion and $13.18B US Long portfolio, upped its stake in Ishares (EEMV) by 14,450 shares to 37,225 shares, valued at $2.06M in 2017Q2, according to the filing. It also increased its holding in Suncor Energy Inc New (NYSE:SU) by 20,829 shares in the quarter, for a total of 259,781 shares, and has risen its stake in Vanguard Index Fds (VOO).

Among 9 analysts covering IDEXX Laboratories (NASDAQ:IDXX), 5 have Buy rating, 2 Sell and 2 Hold. Therefore 56% are positive. IDEXX Laboratories had 22 analyst reports since July 24, 2015 according to SRatingsIntel. Bank of America reinitiated IDEXX Laboratories, Inc. (NASDAQ:IDXX) on Thursday, September 29 with “Neutral” rating. As per Friday, April 1, the company rating was initiated by CL King. The stock has “Buy” rating by Stifel Nicolaus on Monday, October 23. The company was maintained on Monday, March 21 by Stifel Nicolaus. On Friday, August 28 the stock rating was downgraded by Raymond James to “Market Perform”. The firm earned “Buy” rating on Monday, August 21 by Stifel Nicolaus. The firm has “Hold” rating given on Friday, July 24 by Feltl & Co. Stifel Nicolaus maintained it with “Buy” rating and $85 target in Thursday, August 13 report. As per Thursday, October 5, the company rating was maintained by Canaccord Genuity. The stock of IDEXX Laboratories, Inc. (NASDAQ:IDXX) has “Buy” rating given on Wednesday, July 20 by Canaccord Genuity.

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