Intel (INTC) Holder Parkwood Has Trimmed Holding by $1.32 Million as Stock Price Rose; Blair William & Company Has Raised Its Holding in Bank Amer (BAC) as Share Price Declined

May 21, 2018 - By Louis Casey

Bank of America Corporation (NYSE:BAC) Logo

Blair William & Company increased its stake in Bank Amer Corp (BAC) by 2.36% based on its latest 2017Q4 regulatory filing with the SEC. Blair William & Company bought 32,399 shares as the company’s stock declined 1.20% with the market. The institutional investor held 1.40M shares of the major banks company at the end of 2017Q4, valued at $41.41M, up from 1.37 million at the end of the previous reported quarter. Blair William & Company who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $309.81B market cap company. The stock increased 0.97% or $0.295 during the last trading session, reaching $30.555. About 16.71 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 21, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Parkwood Llc decreased its stake in Intel Corp (INTC) by 70.24% based on its latest 2017Q4 regulatory filing with the SEC. Parkwood Llc sold 28,744 shares as the company’s stock rose 9.61% while stock markets declined. The institutional investor held 12,180 shares of the semiconductors company at the end of 2017Q4, valued at $562,000, down from 40,924 at the end of the previous reported quarter. Parkwood Llc who had been investing in Intel Corp for a number of months, seems to be less bullish one the $253.97B market cap company. The stock increased 1.87% or $1 during the last trading session, reaching $54.5. About 11.21 million shares traded. Intel Corporation (NASDAQ:INTC) has risen 44.65% since May 21, 2017 and is uptrending. It has outperformed by 33.10% the S&P500.

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 114 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird downgraded Bank of America Corporation (NYSE:BAC) rating on Wednesday, November 16. Robert W. Baird has “Neutral” rating and $18 target. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, October 3. The company was maintained on Tuesday, December 12 by Keefe Bruyette & Woods. The rating was maintained by RBC Capital Markets with “Buy” on Friday, October 6. The firm has “Buy” rating given on Tuesday, January 26 by Deutsche Bank. The stock of Bank of America Corporation (NYSE:BAC) has “Outperform” rating given on Tuesday, November 29 by Keefe Bruyette & Woods. Nomura maintained the stock with “Buy” rating in Monday, October 16 report. The rating was upgraded by Vetr on Monday, August 24 to “Buy”. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Bernstein on Tuesday, September 1. Wells Fargo upgraded Bank of America Corporation (NYSE:BAC) on Thursday, September 10 to “Outperform” rating.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. Campbell Newman Asset Management accumulated 0.76% or 152,000 shares. Envestnet Asset Management reported 0.14% of its portfolio in Bank of America Corporation (NYSE:BAC). Moreover, Comerica Securities has 0.04% invested in Bank of America Corporation (NYSE:BAC). Ftb Advsrs accumulated 231,738 shares. Commerzbank Aktiengesellschaft Fi reported 1.92 million shares stake. Rowland And Inv Counsel Adv stated it has 4,876 shares. Logan Cap Management has 0.04% invested in Bank of America Corporation (NYSE:BAC) for 17,368 shares. Icon Advisers holds 1.25 million shares or 2.56% of its portfolio. 78,124 are held by Blue Finance. Liberty Cap reported 0.03% stake. The Indiana-based Old State Bank In has invested 0.56% in Bank of America Corporation (NYSE:BAC). Augustine Asset reported 0.35% in Bank of America Corporation (NYSE:BAC). Blue Ridge Ltd Liability stated it has 4.59% in Bank of America Corporation (NYSE:BAC). Garnet Equity has 4.72% invested in Bank of America Corporation (NYSE:BAC). Guardian Mgmt reported 4.29% in Bank of America Corporation (NYSE:BAC).

Blair William & Company, which manages about $14.73B US Long portfolio, decreased its stake in Mercury Sys Inc (NASDAQ:MRCY) by 45,754 shares to 136,668 shares, valued at $7.02M in 2017Q4, according to the filing. It also reduced its holding in Park Ohio Hldgs Corp (NASDAQ:PKOH) by 28,293 shares in the quarter, leaving it with 169,349 shares, and cut its stake in Dolby Laboratories Inc (NYSE:DLB).

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank Of America: Time To Sell?” on May 08, 2018, also Seekingalpha.com with their article: “Bank Of America: This 6.00% Preferred Stock Has Begun Trading On The NYSE” published on May 17, 2018, Investorideas.com published: “Bank of America (NYSE: $BAC) Delivers First Widely Available #AI–Driven Virtual Financial Assistant; Transforms …” on May 18, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Investorplace.com and their article: “5 Top Stock Trades for Friday Morning” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “Bank of America affirms gun pledge” with publication date: May 11, 2018.

Since January 22, 2018, it had 0 insider purchases, and 21 insider sales for $11.14 million activity. Shenoy Navin had sold 1,311 shares worth $61,774 on Tuesday, January 30. Shares for $1.07M were sold by HUNDT REED E. The insider McBride Kevin Thomas sold 686 shares worth $31,943. $1.89 million worth of Intel Corporation (NASDAQ:INTC) was sold by BRYANT ANDY D on Tuesday, May 8. 17,946 shares were sold by RENDUCHINTALA VENKATA S M, worth $880,540 on Wednesday, January 31. The insider YOFFIE DAVID B sold 25,000 shares worth $1.33 million.

Parkwood Llc, which manages about $735.65 million US Long portfolio, upped its stake in Vanguard Ftse Emerging Marke (VWO) by 475,000 shares to 2.48M shares, valued at $113.64M in 2017Q4, according to the filing. It also increased its holding in Sanchez Midstream Partners L by 30,872 shares in the quarter, for a total of 85,622 shares, and has risen its stake in Pampa Energia Sa (NYSE:PAM).

Analysts await Intel Corporation (NASDAQ:INTC) to report earnings on July, 26. They expect $0.86 earnings per share, up 19.44% or $0.14 from last year’s $0.72 per share. INTC’s profit will be $4.01 billion for 15.84 P/E if the $0.86 EPS becomes a reality. After $0.87 actual earnings per share reported by Intel Corporation for the previous quarter, Wall Street now forecasts -1.15% negative EPS growth.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Fool.com which released: “After 6 Years as a Shareholder, Here’s Why I Just Sold My Intel Stock” on May 20, 2018, also Seekingalpha.com with their article: “Intel: The 15-Plus Year Breakout – Part 2” published on April 28, 2018, Seekingalpha.com published: “Intel’s Hot Shares” on May 21, 2018. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Benzinga.com and their article: “Bernstein Cautious On Intel, AMD Before Quarterly Prints” published on April 26, 2018 as well as Seekingalpha.com‘s news article titled: “Intel: The Epyc Struggle Continues” with publication date: May 01, 2018.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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