As Wal (WMT) Stock Rose, Shareholder First American Bank Lifted Its Stake; Knightsbridge Asset Management Raised Stake in Bank Amer (BAC)

February 23, 2018 - By Stephen Andrade

First American Bank increased its stake in Wal (WMT) by 11.36% based on its latest 2017Q3 regulatory filing with the SEC. First American Bank bought 5,820 shares as the company’s stock rose 13.55% with the market. The institutional investor held 57,044 shares of the consumer services company at the end of 2017Q3, valued at $4.46 million, up from 51,224 at the end of the previous reported quarter. First American Bank who had been investing in Wal for a number of months, seems to be bullish on the $276.57B market cap company. The stock increased 0.64% or $0.59 during the last trading session, reaching $93.36. About 742,519 shares traded. Walmart Inc. (NYSE:WMT) has risen 13.83% since February 23, 2017 and is uptrending. It has underperformed by 2.87% the S&P500.

Knightsbridge Asset Management Llc increased its stake in Bank Amer Corp (BAC) by 19.55% based on its latest 2017Q3 regulatory filing with the SEC. Knightsbridge Asset Management Llc bought 62,487 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 382,153 shares of the major banks company at the end of 2017Q3, valued at $9.68 million, up from 319,666 at the end of the previous reported quarter. Knightsbridge Asset Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $328.37 billion market cap company. The stock increased 0.73% or $0.23 during the last trading session, reaching $31.92. About 2.90 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 23, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.




Knightsbridge Asset Management Llc, which manages about $398.58M and $143.83 million US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 18,258 shares to 48,730 shares, valued at $7.51 million in 2017Q3, according to the filing.

Investors sentiment decreased to 1.04 in 2017 Q3. 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. Causeway Limited invested 1.63% in Bank of America Corporation (NYSE:BAC). Bancorporation Of The West reported 153,681 shares. Ironwood Finance Llc holds 800 shares or 0.01% of its portfolio. Keybank Association Oh has 0.3% invested in Bank of America Corporation (NYSE:BAC) for 1.97 million shares. Pekin Singer Strauss Asset Management Il owns 0.14% invested in Bank of America Corporation (NYSE:BAC) for 29,140 shares. Sandhill Capital Prtnrs Limited Liability Corp has 4.55% invested in Bank of America Corporation (NYSE:BAC). Weiss Multi holds 0.68% or 722,965 shares. Focused Wealth Inc owns 256,128 shares for 2.16% of their portfolio. Teewinot Advisers Limited Liability Corp invested in 590,756 shares or 6.73% of the stock. Zacks Inv invested in 0.41% or 695,789 shares. Mackay Shields Lc, a New York-based fund reported 666,299 shares. Columbia L L C Inv invested 0.07% of its portfolio in Bank of America Corporation (NYSE:BAC). Shamrock Asset Mngmt Ltd holds 218 shares or 0% of its portfolio. Quantbot Limited Partnership has invested 1.41% of its portfolio in Bank of America Corporation (NYSE:BAC). First Personal Financial accumulated 0.28% or 52,713 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. Bernstein upgraded Bank of America Corporation (NYSE:BAC) on Tuesday, September 1 to “Buy” rating. The company was maintained on Wednesday, December 6 by RBC Capital Markets. JP Morgan maintained Bank of America Corporation (NYSE:BAC) on Wednesday, November 1 with “Overweight” rating. On Wednesday, January 20 the stock rating was upgraded by Sandler O’Neill to “Buy”. The rating was maintained by RBC Capital Markets with “Buy” on Friday, October 6. On Tuesday, September 13 the stock rating was downgraded by Societe Generale to “Hold”. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Wednesday, April 5 by RBC Capital Markets. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Nomura on Tuesday, September 8. The company was upgraded on Thursday, September 10 by Wells Fargo. The rating was downgraded by Keefe Bruyette & Woods on Monday, May 16 to “Market Perform”.

Investors sentiment is 1.02 in Q3 2017. Its the same as in 2017Q2. It is flat, as 62 investors sold WMT shares while 508 reduced holdings. only 113 funds opened positions while 468 raised stakes. 881.34 million shares or 0.46% more from 877.29 million shares in 2017Q2 were reported. Folger Nolan Fleming Douglas Mgmt accumulated 2,877 shares or 0.03% of the stock. Grisanti Mgmt reported 25,120 shares or 0.81% of all its holdings. One National Association owns 0.44% invested in Walmart Inc. (NYSE:WMT) for 80,942 shares. Osborne Prtn Capital Ltd Llc owns 85,730 shares. Maryland Capital Management has 9,785 shares. Axa invested in 0.18% or 549,292 shares. Gyroscope Cap Mgmt Gp holds 69,721 shares. Cadinha And Limited Liability Corp has invested 0.05% in Walmart Inc. (NYSE:WMT). Exxonmobil Management Tx holds 267,298 shares or 0.53% of its portfolio. Commercial Bank Of Nova Scotia Tru Company has 3,140 shares for 0.03% of their portfolio. National Pension Ser accumulated 1.19M shares or 0.52% of the stock. Counsel Inc holds 108,497 shares or 3.67% of its portfolio. Security National Trust Com, West Virginia-based fund reported 1,250 shares. Spinnaker Tru, a Maine-based fund reported 9,670 shares. Peddock Advisors Limited Liability Corp holds 0.44% or 10,947 shares in its portfolio.

Since August 29, 2017, it had 0 buys, and 12 sales for $1.37 billion activity. Shares for $125,299 were sold by Canney Jacqueline P on Tuesday, September 26. WALTON JIM C also sold $131.11 million worth of Walmart Inc. (NYSE:WMT) on Tuesday, September 5. WALTON S ROBSON sold $158.93 million worth of stock. Shares for $727,698 were sold by Gearhart Jeffrey J.

First American Bank, which manages about $1.32B US Long portfolio, decreased its stake in Lowes Cos Inc Com (NYSE:LOW) by 6,614 shares to 91,805 shares, valued at $7.34M in 2017Q3, according to the filing. It also reduced its holding in Broadcom Limited by 2,117 shares in the quarter, leaving it with 38,011 shares, and cut its stake in Verizon Communications (NYSE:VZ).

Among 37 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 17 have Buy rating, 0 Sell and 20 Hold. Therefore 46% are positive. Wal-Mart Stores Inc had 149 analyst reports since August 14, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, November 9 by Citigroup. The stock of Walmart Inc. (NYSE:WMT) earned “Buy” rating by Northcoast on Friday, November 13. The rating was downgraded by Goldman Sachs on Monday, November 20 to “Neutral”. The firm earned “Outperform” rating on Monday, October 26 by Wells Fargo. The stock has “Hold” rating by TheStreet on Friday, September 18. The stock has “Neutral” rating by Goldman Sachs on Wednesday, April 6. The rating was maintained by M Partners with “Neutral” on Friday, February 19. The firm has “Buy” rating by Goldman Sachs given on Thursday, January 18. As per Thursday, February 8, the company rating was maintained by Cowen & Co. Citigroup upgraded the stock to “Buy” rating in Tuesday, December 19 report.

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