Mover to Watch: Bank of America Corporation (BAC)

Ivan Schwartz
August 12, 2017

It has outperformed by 41.94% the S&P500.

Eagle Asset Management Inc decreased Icu Medical Inc (ICUI) stake by 14.28% reported in 2016Q4 SEC filing. The institutional investor owned 5,102,702 shares of the financial services provider's stock after buying an additional 368,216 shares during the period. Craig Hallum analyst K. Ellich now forecasts that the medical research company will earn $2.34 per share for the quarter, down from their prior forecast of $2.35. Despite having an exponentially larger share price, the latter has a stock market capitalization of $22 billion; a mere fraction of Coke's. Another trade for 4,936 shares valued at $631,808 was made by Reed Cory J on Friday, June 16. First Bancorp (FBNC) has risen 47.69% since August 11, 2016 and is uptrending. It has outperformed by 30.29% the S&P500. Gamco Et Al reported 12,563 shares. Rowland & Invest Counsel Adv owns 5,306 shares or 0% of their U.S. portfolio. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company's stock. Therefore 66% are positive. Barclays Capital maintained it with "Equal Weight" rating and $26 target in Tuesday, January 3 report. On Thursday, August 27 the stock rating was upgraded by Stifel Nicolaus to "Buy".

Bank of America Corporation (NYSE:BAC) went up to recover about 64.08% since recording its record low price of $14.7. As per Monday, August 24, the company rating was upgraded by KBW. The company was downgraded on Tuesday, August 11 by Vetr.

On the other hand, Abbott Laboratories (NYSE:ABT)'s stock exchanged hands 4.65 Million shares versus average trading capacity of 5.39 Million shares. RBC Capital Markets maintained Bank of America Corp (NYSE:BAC) rating on Tuesday, July 18. The firm earned "Hold" rating on Tuesday, September 1 by Macquarie Research. Standpoint Research upgraded ICICI Bank Ltd (ADR) (NYSE:IBN) rating on Wednesday, August 26. The firm has "Outperform" rating given on Friday, September 23 by CLSA.

Laboratory Corporation of America Holdings is a life sciences company that is integrated in guiding patient care, providing clinical laboratory and end-to-end drug development services.

Investors sentiment decreased to 0.77 in 2016 Q4. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.01%. It is positive, as 62 investors sold BAC shares while 560 reduced holdings. 45 funds opened positions while 112 raised stakes. Pinnacle Bank purchased a new position in Bank of America Corporation during the first quarter worth about $122,000. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Fool.com and their article: "Why Microsoft Corporation Shareholders Have Nothing to Worry About" published on July 24, 2017 as well as Investorplace.com's news article titled: "Microsoft Corporation (MSFT) Is an Essential Dividend Stock" with publication date: August 08, 2017. Oakworth Capital Inc who had been investing in Bank Of America for a number of months, seems to be bullish on the $235.08B market cap company. Fulton Comml Bank Na accumulated 71,859 shares.

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Want to see what other hedge funds are holding BAC?

COPYRIGHT VIOLATION WARNING: "Fort Point Capital Partners LLC Purchases Shares of 10,042 Bank of America Corporation (BAC)" was first posted by Week Herald and is the sole property of of Week Herald.

Laboratory Corporation of America Holdings (NYSE:LH) traded up 0.94% during midday trading on Monday, reaching $160.40. Csx Corp Com now has $46.24 billion valuation. 40,406 are held by Keeley Asset Mgmt Corporation. The stock of Laboratory Corp. of America Holdings (NYSE:LH) has "Buy" rating given on Thursday, July 27 by Craig Hallum. Natixis, a France-based fund reported 19.33 million shares. National Pension Service increased its stake in Laboratory Corporation of America Holdings by 0.8% in the first quarter. First Trust Bankshares Ltd owns 280,721 shares for 11.47% of their portfolio. BMO Capital Markets maintained the shares of BAC in report on Wednesday, May 31 with "Hold" rating. The company holds 10.01 billion outstanding shares and 9.84 billion shares are floating in market. On Tuesday, May 16 the insider SAUCEDO JOSEPH R sold $731,273. ANDERSON KERRII B sold 1,992 shares worth $278,880. 12,000 shares were bought by LOPEZ GEORGE A, worth $1.87 million. EISENBERG GLENN A sold 2,300 shares worth $327,690. Shares for $756,258 were sold by MITTELSTAEDT ROBERT E JR on Friday, February 24. $4.75 million worth of ICU Medical, Incorporated (NASDAQ:ICUI) was sold by RIGGS STEVEN. The stock had a trading volume of 441,945 shares.

Geneva Advisors Llc decreased Microsoft Corp Com (NASDAQ:MSFT) stake by 49,874 shares to 1.92 million valued at $119.57M in 2016Q4. It also upped Oceaneering Int (NYSE:OII) stake by 91,827 shares and now owns 2.27M shares. Cl A was raised too. "Overweight" signal reported by 6 and "Underweight" rating was suggested by 0. Its up 0.11, from 0.75 in 2016Q3. 118 funds opened positions while 208 raised stakes. 10,200 were reported by Clear Harbor Asset Mngmt Ltd Liability Company. Parallax Volatility Advisers Ltd Partnership accumulated 5,029 shares. Bessemer Group Inc invested in 16,300 shares.

Investors sentiment increased to 0.86 in Q4 2016. 212.97 million shares or 4.33% less from 222.62 million shares in 2016Q3 were reported. Williams Jones & Assocs Limited Co accumulated 1.38 million shares or 0.87% of the stock. It is 0.00% or $0 reaching $0.97 per share. Perkins Mngmt Ltd Liability has invested 1.15% in CSX Corporation (NASDAQ:CSX).

Gulfport Energy Corporation (NASDAQ:GPOR) rose0.86% during previous trade. Raymond James Na owns 12,334 shares for 0.1% of their portfolio. Walleye Trading Ltd Liability stated it has 100 shares or 0% of all its holdings. Ronald Blue & Lc holds 0.09% or 111,120 shares in its portfolio. The financial services provider reported $0.46 EPS for the quarter, beating the Zacks' consensus estimate of $0.43 by $0.03. Therefore 55% are positive.

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