Blue Ridge Capital Decreased Its Bank Amer (BAC) Position; Fulton Bank Cut By $543,751 Its Aetna New (AET) Holding

November 15, 2017 - By Ellis Scott

Fulton Bank decreased Aetna Inc New (AET) stake by 14.78% reported in 2017Q2 SEC filing. Fulton Bank sold 3,601 shares as Aetna Inc New (AET)’s stock rose 12.84%. The Fulton Bank holds 20,756 shares with $3.15M value, down from 24,357 last quarter. Aetna Inc New now has $56.03 billion valuation. The stock decreased 0.68% or $1.18 during the last trading session, reaching $171.83. About 8,018 shares traded. Aetna Inc (NYSE:AET) has risen 28.84% since November 15, 2016 and is uptrending. It has outperformed by 12.14% the S&P500.

Blue Ridge Capital Llc decreased Bank Amer Corp (BAC) stake by 10.37% reported in 2017Q2 SEC filing. Blue Ridge Capital Llc sold 1.62M shares as Bank Amer Corp (BAC)’s stock declined 6.00%. The Blue Ridge Capital Llc holds 14.00 million shares with $339.71 million value, down from 15.62 million last quarter. Bank Amer Corp now has $273.70B valuation. The stock declined 1.03% or $0.27 reaching $25.97 per share. About 316,515 shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since November 15, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 30 analysts covering Bank of America (NYSE:BAC), 20 have Buy rating, 0 Sell and 10 Hold. Therefore 67% are positive. Bank of America has $30 highest and $15 lowest target. $23.93’s average target is -7.86% below currents $25.97 stock price. Bank of America had 94 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Berenberg on Wednesday, July 13 with “Buy”. The rating was upgraded by UBS to “Neutral” on Wednesday, August 26. The rating was upgraded by Bernstein on Tuesday, September 1 to “Buy”. The firm has “Buy” rating given on Monday, October 10 by Jefferies. BMO Capital Markets maintained it with “Hold” rating and $29.0 target in Friday, October 13 report. Deutsche Bank maintained Bank of America Corp (NYSE:BAC) rating on Tuesday, January 26. Deutsche Bank has “Buy” rating and $17 target. As per Monday, May 16, the company rating was downgraded by Keefe Bruyette & Woods. As per Thursday, September 10, the company rating was upgraded by Wells Fargo. The rating was maintained by Citigroup on Wednesday, January 11 with “Buy”. The firm has “Hold” rating given on Tuesday, September 13 by Societe Generale.

Investors sentiment decreased to 1.12 in 2017 Q2. Its down 0.03, from 1.15 in 2017Q1. It turned 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. Franklin Street Advisors Incorporated Nc stated it has 0.1% in Bank of America Corp (NYSE:BAC). Barrow Hanley Mewhinney And Strauss Ltd Limited Liability Company, Texas-based fund reported 62.53 million shares. Jnba Fincl Advsr has 15,988 shares. Central National Bank Trust holds 0.93% or 147,261 shares in its portfolio. Arrowgrass Prns (Us) Lp owns 957,929 shares or 0.18% of their US portfolio. Btim Corp holds 0.01% of its portfolio in Bank of America Corp (NYSE:BAC) for 30,054 shares. Asset Advsr Ltd Llc reported 179,075 shares stake. Flippin Bruce And Porter holds 1.27% of its portfolio in Bank of America Corp (NYSE:BAC) for 231,490 shares. First Republic Inv Management owns 4.20 million shares. Cutter & Brokerage invested in 0.23% or 24,382 shares. Monetary Management Gp holds 32,800 shares. Bbva Compass Retail Bank Incorporated has invested 0.29% in Bank of America Corp (NYSE:BAC). Employees Retirement Association Of Colorado reported 1.92M shares stake. Stevens Ltd Partnership has invested 0.5% of its portfolio in Bank of America Corp (NYSE:BAC). Bluemar Cap Management Ltd Liability Co holds 66,300 shares or 0.93% of its portfolio.

Analysts await Bank of America Corp (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 $4.95B for 13.81 P/E if the $0.47 EPS becomes a reality. After $0.48 actual EPS reported by Bank of America Corp for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.

Fulton Bank increased Vanguard Tax Managed Intl Fd (VTMGX) stake by 58,432 shares to 373,877 valued at $4.96 million in 2017Q2. It also upped Harding Loevner Fds Inc stake by 122,905 shares and now owns 1.07 million shares. Dodge & Cox Fds (DODFX) was raised too.

Analysts await Aetna Inc (NYSE:AET) to report earnings on January, 30. They expect $1.23 earnings per share, down 24.54% or $0.40 from last year’s $1.63 per share. AET’s profit will be $401.08M for 34.92 P/E if the $1.23 EPS becomes a reality. After $2.45 actual earnings per share reported by Aetna Inc for the previous quarter, Wall Street now forecasts -49.80% negative EPS growth.

Investors sentiment decreased to 0.69 in 2017 Q2. Its down 0.25, from 0.94 in 2017Q1. It worsened, as 62 investors sold AET shares while 331 reduced holdings. 76 funds opened positions while 195 raised stakes. 290.06 million shares or 2.18% less from 296.52 million shares in 2017Q1 were reported. Factory Mutual Ins invested in 70,000 shares or 0.12% of the stock. Cullen Frost Bankers, Texas-based fund reported 2,079 shares. Qci Asset Mngmt Inc stated it has 150 shares. Amer Century Cos Inc owns 134,198 shares. Vantage Invest Advsr Ltd Liability Corporation holds 1.74% of its portfolio in Aetna Inc (NYSE:AET) for 39,607 shares. State Treasurer State Of Michigan accumulated 109,034 shares or 0.13% of the stock. Jefferies Gru Limited Liability owns 12,321 shares. 5,650 are held by Welch Forbes Limited Liability. Taconic Capital Advsrs Limited Partnership holds 0.67% or 15,000 shares in its portfolio. Victory Capital Mngmt owns 523,966 shares for 0.19% of their portfolio. Canandaigua Bancorp Trust has 0.32% invested in Aetna Inc (NYSE:AET) for 10,132 shares. 3.98M were reported by Davis Selected Advisers. 45,000 are held by Sivik Global Health Lc. Manchester Management Limited Liability Com accumulated 3,021 shares. Amp Capital Invsts Ltd has invested 0.19% of its portfolio in Aetna Inc (NYSE:AET).

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