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United American Securities Lifted Holding in Bank Of America Co (BAC) as Market Valuation Declined; Apple (AAPL) Shareholder Girard Partners LTD Cut Its Stake as Stock Declined

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Girard Partners Ltd decreased its stake in Apple Inc (AAPL) by 1.34% based on its latest 2017Q4 regulatory filing with the SEC. Girard Partners Ltd sold 2,017 shares as the company’s stock declined 3.81% with the market. The institutional investor held 148,391 shares of the computer manufacturing company at the end of 2017Q4, valued at $25.11 million, down from 150,408 at the end of the previous reported quarter. Girard Partners Ltd who had been investing in Apple Inc for a number of months, seems to be less bullish one the $915.74 billion market cap company. The stock decreased 0.36% or $0.68 during the last trading session, reaching $186.31. About 16.17 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since May 19, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

United American Securities Inc increased its stake in Bank Of America Corporation Co (BAC) by 365.28% based on its latest 2017Q4 regulatory filing with the SEC. United American Securities Inc bought 74,700 shares as the company’s stock declined 1.20% with the market. The institutional investor held 95,150 shares of the major banks company at the end of 2017Q4, valued at $2.81M, up from 20,450 at the end of the previous reported quarter. United American Securities Inc who had been investing in Bank Of America Corporation Co for a number of months, seems to be bullish on the $306.82B market cap company. The stock decreased 1.79% or $0.55 during the last trading session, reaching $30.26. About 58.64M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 19, 2017 and is uptrending. It has outperformed by 16.63% 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 maintained the shares of BAC in report on Friday, August 25 with “Hold” rating. The firm earned “Buy” rating on Wednesday, August 12 by Deutsche Bank. On Tuesday, April 24 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, May 31. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by BMO Capital Markets on Wednesday, April 12. The stock of Bank of America Corporation (NYSE:BAC) earned “Market Perform” rating by Keefe Bruyette & Woods on Monday, May 16. As per Monday, August 24, the company rating was upgraded by KBW. Robert W. Baird maintained the shares of BAC in report on Tuesday, January 2 with “Hold” rating. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) on Wednesday, January 17 with “Hold” rating. Societe Generale downgraded Bank of America Corporation (NYSE:BAC) rating on Tuesday, January 9. Societe Generale has “Hold” rating and $33.0 target.

United American Securities Inc, which manages about $201.06M and $215.78M US Long portfolio, decreased its stake in Bank Of New York Mellon Corp C (NYSE:BK) by 29,425 shares to 144,895 shares, valued at $7.80 million in 2017Q4, according to the filing.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. It increased, 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. Palouse Capital Management invested in 0.68% or 68,275 shares. Arlington Value Cap Lc owns 546,554 shares. Torray Lc reported 2.42% in Bank of America Corporation (NYSE:BAC). Quantitative Systematic Strategies Ltd Liability Co reported 29,443 shares. Miracle Mile Advisors Lc has 0.04% invested in Bank of America Corporation (NYSE:BAC) for 7,500 shares. Alpine Glob Management Ltd Liability Company stated it has 8,497 shares or 0.06% of all its holdings. Triangle Securities Wealth Management reported 29,177 shares. Frontier Investment Mgmt owns 158,447 shares. Kentucky-based Community Invest has invested 3.67% in Bank of America Corporation (NYSE:BAC). Albion Financial Gp Ut invested in 0.1% or 21,466 shares. Wetherby Asset Mngmt holds 151,271 shares. Segment Wealth Mngmt, a Texas-based fund reported 15,028 shares. Moreover, Train Babcock Limited Liability Com has 0.59% invested in Bank of America Corporation (NYSE:BAC). Rech reported 0.24% of its portfolio in Bank of America Corporation (NYSE:BAC). Cambridge invested in 22,161 shares or 0.04% of the stock.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank Of America: Into The Home Straight?” on April 23, 2018, also Bizjournals.com with their article: “Square, Facebook, other Silicon Valley executives are popular choice for nation’s boardrooms” published on May 18, 2018, Seekingalpha.com published: “Bank Of America: This 6.00% Preferred Stock Has Begun Trading On The NYSE” on May 17, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank of America affirms gun pledge” published on May 11, 2018 as well as Seekingalpha.com‘s news article titled: “Bank Of America: Time To Sell?” with publication date: May 08, 2018.

Investors sentiment increased to 0.73 in 2017 Q4. Its up 0.03, from 0.7 in 2017Q3. It increased, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Fincl Counselors has invested 1.88% of its portfolio in Apple Inc. (NASDAQ:AAPL). Parsec Mgmt Inc accumulated 292,601 shares or 3.36% of the stock. 12,632 are held by Elm Limited Liability. Barclays Public Limited Co, a United Kingdom-based fund reported 6.51 million shares. Buckhead Cap owns 1.71% invested in Apple Inc. (NASDAQ:AAPL) for 47,336 shares. Peddock Cap Advsrs Lc reported 20,639 shares stake. The Maryland-based Clearbridge Limited Liability Corporation has invested 0.01% in Apple Inc. (NASDAQ:AAPL). Regent Investment Mgmt Limited Liability owns 61,952 shares for 3.44% of their portfolio. Moreover, Finemark Natl Bank & has 2.4% invested in Apple Inc. (NASDAQ:AAPL). Covington Advisors Inc accumulated 1.96% or 33,849 shares. Adage Capital Partners Group Limited Liability Co owns 7.03 million shares for 2.69% of their portfolio. The United Kingdom-based Origin Asset Mgmt Llp has invested 2.71% in Apple Inc. (NASDAQ:AAPL). Connable Office Incorporated accumulated 1.27% or 38,619 shares. Dumont Blake Investment Advisors Limited Liability Corp invested in 1.8% or 26,205 shares. California State Teachers Retirement holds 3.18% or 9.14 million shares.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: 247Wallst.com which released: “Analysts Jumping All Over Their Apple and iPhone Calls” on May 02, 2018, also Seekingalpha.com with their article: “Apple – Still A Buy?” published on May 14, 2018, Seekingalpha.com published: “Spotlight On Gambling Reset And Banking Bill” on May 19, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “Apple: With Enemies Like These, Who Needs Friends?” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Apple’s Dividend: An Opportunity Wasted” with publication date: May 15, 2018.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on August, 7. They expect $2.19 earnings per share, up 31.14% or $0.52 from last year’s $1.67 per share. AAPL’s profit will be $10.76B for 21.27 P/E if the $2.19 EPS becomes a reality. After $2.73 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 37 have Buy rating, 1 Sell and 18 Hold. Therefore 66% are positive. Apple Inc. had 414 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Piper Jaffray given on Monday, July 10. The rating was maintained by Wells Fargo with “Outperform” on Friday, September 11. The firm has “Buy” rating given on Thursday, April 5 by Citigroup. The firm has “Buy” rating by Guggenheim given on Friday, August 11. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, March 28 report. Rosenblatt maintained Apple Inc. (NASDAQ:AAPL) on Sunday, August 16 with “Buy” rating. Piper Jaffray maintained the stock with “Buy” rating in Monday, August 31 report. The firm has “Buy” rating by Citigroup given on Wednesday, December 13. Morgan Stanley maintained Apple Inc. (NASDAQ:AAPL) on Monday, October 12 with “Overweight” rating. Argus Research maintained the stock with “Buy” rating in Monday, November 6 report.

Since December 7, 2017, it had 0 insider buys, and 8 selling transactions for $42.88 million activity. 35,000 shares were sold by LEVINSON ARTHUR D, worth $6.51M. Maestri Luca also sold $6.83 million worth of Apple Inc. (NASDAQ:AAPL) shares. The insider WILLIAMS JEFFREY E sold $2.90 million. 69,491 shares valued at $11.56M were sold by SCHILLER PHILIP W on Tuesday, April 3. On Thursday, May 3 AHRENDTS ANGELA J sold $6.75 million worth of Apple Inc. (NASDAQ:AAPL) or 38,228 shares.

Girard Partners Ltd, which manages about $604.19M and $521.72M US Long portfolio, upped its stake in Amgen Inc (NASDAQ:AMGN) by 2,190 shares to 43,026 shares, valued at $7.48M in 2017Q4, according to the filing. It also increased its holding in Vanguard Index Fds Large Cap (VV) by 4,699 shares in the quarter, for a total of 15,249 shares, and has risen its stake in Honeywell Intl Inc (NYSE:HON).

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

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