Disney Walt Co (DIS) Shareholder South Texas Money Management LTD Has Lifted Its Holding by $6.56 Million; Meru Capital Group LP Trimmed Position in Bank Amer (BAC) by $12.19 Million as Stock Declined

December 18, 2017 - By Adrian Mccoy

Guru Ramakrishnan decreased its stake in Bank Amer Corp (BAC) by 87.02% based on its latest 2017Q2 regulatory filing with the SEC. Meru Capital Group Lp sold 508,000 shares as the company’s stock declined 6.00% while stock markets rallied. The hedge fund run by Guru Ramakrishnan held 75,800 shares of the major banks company at the end of 2017Q2, valued at $1.84M, down from 583,800 at the end of the previous reported quarter. Meru Capital Group Lp who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $302.91B market cap company. The stock increased 1.08% or $0.31 during the last trading session, reaching $29.04. About 129.86 million shares traded or 92.13% up from the average. Bank of America Corporation (NYSE:BAC) has risen 58.64% since December 18, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

South Texas Money Management Ltd increased its stake in Disney Walt Co (DIS) by 25.34% based on its latest 2017Q2 regulatory filing with the SEC. South Texas Money Management Ltd bought 61,890 shares as the company’s stock declined 2.31% while stock markets rallied. The institutional investor held 306,115 shares of the television services company at the end of 2017Q2, valued at $32.53M, up from 244,225 at the end of the previous reported quarter. South Texas Money Management Ltd who had been investing in Disney Walt Co for a number of months, seems to be bullish on the $167.06 billion market cap company. The stock increased 2.79% or $3 during the last trading session, reaching $110.61. About 15.95 million shares traded or 102.89% up from the average. The Walt Disney Company (NYSE:DIS) has risen 9.26% since December 18, 2016 and is uptrending. It has underperformed by 7.44% the S&P500.

Among 38 analysts covering The Walt Disney Company (NYSE:DIS), 20 have Buy rating, 3 Sell and 15 Hold. Therefore 53% are positive. The Walt Disney Company had 141 analyst reports since July 24, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, May 17 by Macquarie Research. The stock has “Buy” rating by Guggenheim on Tuesday, March 14. Loop Capital maintained the stock with “Hold” rating in Monday, May 15 report. The stock of The Walt Disney Company (NYSE:DIS) earned “Buy” rating by FBR Capital on Friday, August 28. Drexel Hamilton initiated The Walt Disney Company (NYSE:DIS) rating on Thursday, January 14. Drexel Hamilton has “Buy” rating and $117.0 target. Credit Suisse maintained The Walt Disney Company (NYSE:DIS) on Monday, July 24 with “Buy” rating. On Monday, October 9 the stock rating was upgraded by RBC Capital Markets to “Top Pick”. On Friday, July 24 the stock rating was upgraded by Topeka Capital Markets to “Buy”. Wells Fargo maintained it with “Market Perform” rating and $111 target in Thursday, May 11 report. RBC Capital Markets maintained The Walt Disney Company (NYSE:DIS) rating on Monday, June 12. RBC Capital Markets has “Buy” rating and $13000 target.

South Texas Money Management Ltd, which manages about $2.17B and $2.03B US Long portfolio, decreased its stake in At&T Inc (NYSE:T) by 8,681 shares to 961,488 shares, valued at $36.28M in 2017Q2, according to the filing. It also reduced its holding in Teva Pharmaceutical Inds Adr (NYSE:TEVA) by 658,874 shares in the quarter, leaving it with 50,818 shares, and cut its stake in Standard& Poors Depository (SPY).

Investors sentiment increased to 1.09 in Q2 2017. Its up 0.17, from 0.92 in 2017Q1. It increased, as 77 investors sold DIS shares while 606 reduced holdings. 108 funds opened positions while 638 raised stakes. 920.44 million shares or 3.28% less from 951.70 million shares in 2017Q1 were reported. Jag Capital Mgmt Limited Liability reported 22,393 shares stake. State Teachers Retirement System holds 0.67% or 2.47 million shares. Alliancebernstein LP owns 7.28 million shares for 0.6% of their portfolio. Lenox Wealth Mngmt accumulated 699 shares. Peddock Cap Advsr Limited Com holds 6,702 shares or 0.38% of its portfolio. California Public Employees Retirement System owns 3.83M shares for 0.65% of their portfolio. Omers Administration holds 16,247 shares. Ronald Blue And Co Ltd Liability Co reported 5,790 shares or 0.02% of all its holdings. First Manhattan holds 0.37% or 410,011 shares. Tru Of Oklahoma holds 36,408 shares. Sumitomo Mitsui holds 4.71 million shares. Regents Of The University Of California invested in 6,000 shares. Balasa Dinverno And Foltz Ltd Company reported 27,720 shares stake. Sather Financial Grp has 2,083 shares for 0.06% of their portfolio. Jacobus Wealth, a Wisconsin-based fund reported 2,227 shares.

Meru Capital Group Lp, which manages about $798.95M and $30.34 million US Long portfolio, upped its stake in Cognizant Technology Solutio (NASDAQ:CTSH) by 22,600 shares to 65,000 shares, valued at $4.32 million in 2017Q2, according to the filing.

Since August 10, 2017, it had 0 insider buys, and 1 sale for $2.10 million activity.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.03, from 1.15 in 2017Q1. It worsened, 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. Ray Gerald L And Associate Limited stated it has 1.44% of its portfolio in Bank of America Corporation (NYSE:BAC). Patriot Wealth invested 1.1% in Bank of America Corporation (NYSE:BAC). Smith Salley Assocs holds 0.13% or 26,069 shares in its portfolio. Van Strum Towne invested in 0.14% or 8,800 shares. Dekabank Deutsche Girozentrale reported 3.26M shares. 1,431 are held by Rocky Mountain Advisers Ltd Llc. Johnson Invest Counsel holds 0.06% or 81,455 shares in its portfolio. Community Commercial Bank Na invested 0.01% of its portfolio in Bank of America Corporation (NYSE:BAC). Scotia Capital stated it has 0.5% of its portfolio in Bank of America Corporation (NYSE:BAC). Osborne Prns Cap Limited Liability stated it has 0.11% in Bank of America Corporation (NYSE:BAC). Hirtle Callaghan & Comm Lc owns 0.01% invested in Bank of America Corporation (NYSE:BAC) for 2,292 shares. Stephens Inc Ar has invested 0.7% of its portfolio in Bank of America Corporation (NYSE:BAC). Glg Limited Liability Company accumulated 688,942 shares. 4.38 million were accumulated by Cornerstone Capital Mngmt. Nippon Life Invsts Americas Inc holds 1.26 million shares.

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 15.45 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.

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 97 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Sandler O’Neill on Wednesday, January 20 to “Buy”. The rating was downgraded by Robert W. Baird to “Neutral” on Wednesday, November 16. On Tuesday, June 6 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The rating was maintained by Wells Fargo on Thursday, August 10 with “Outperform”. The rating was downgraded by Societe Generale on Tuesday, September 13 to “Hold”. As per Tuesday, July 18, the company rating was maintained by BMO Capital Markets. The rating was maintained by Robert W. Baird on Tuesday, October 31 with “Hold”. As per Tuesday, September 1, the company rating was upgraded by KBW. Wood downgraded the stock to “Market Perform” rating in Monday, May 16 report. Deutsche Bank downgraded Bank of America Corporation (NYSE:BAC) on Tuesday, November 8 to “Hold” rating.

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