As Bank Amer (BAC) Shares Declined, Holder First Citizens Bank & Trust Co Has Decreased Position; First Personal Financial Services Holding in Unilever Plc (UL) Trimmed as Share Price Declined

April 17, 2018 - By Winifred Garcia

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First Personal Financial Services decreased its stake in Unilever Plc (UL) by 95.52% based on its latest 2017Q4 regulatory filing with the SEC. First Personal Financial Services sold 10,800 shares as the company’s stock declined 4.14% with the market. The institutional investor held 506 shares of the package goods and cosmetics company at the end of 2017Q4, valued at $28,000, down from 11,306 at the end of the previous reported quarter. First Personal Financial Services who had been investing in Unilever Plc for a number of months, seems to be less bullish one the $150.29B market cap company. The stock increased 0.13% or $0.07 during the last trading session, reaching $56.16. About 467,062 shares traded. Unilever PLC (NYSE:UL) has risen 5.35% since April 17, 2017 and is uptrending. It has underperformed by 6.20% the S&P500.

Robert Rodriguez decreased its stake in Bank Amer Corp (BAC) by 9.04% based on its latest 2017Q4 regulatory filing with the SEC. First Citizens Bank & Trust Co sold 31,096 shares as the company’s stock declined 1.20% with the market. The hedge fund run by Robert Rodriguez held 312,772 shares of the major banks company at the end of 2017Q4, valued at $9.23M, down from 343,868 at the end of the previous reported quarter. First Citizens Bank & Trust Co who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $306.16 billion market cap company. The stock increased 0.05% or $0.015 during the last trading session, reaching $29.945. About 50.81 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 17, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Among 12 analysts covering Unilever (NYSE:UL), 4 have Buy rating, 2 Sell and 6 Hold. Therefore 33% are positive. Unilever had 15 analyst reports since July 24, 2015 according to SRatingsIntel. As per Thursday, August 10, the company rating was downgraded by RBC Capital Markets. JP Morgan downgraded the shares of UL in report on Wednesday, December 7 to “Neutral” rating. The firm earned “Sector Perform” rating on Friday, July 22 by RBC Capital Markets. The rating was reinitiated by Liberum Capital with “Hold” on Monday, March 27. The stock of Unilever PLC (NYSE:UL) has “Buy” rating given on Tuesday, December 13 by Jefferies. The firm has “Outperform” rating by Bernstein given on Monday, August 22. The stock of Unilever PLC (NYSE:UL) has “Neutral” rating given on Wednesday, August 12 by Goldman Sachs. The stock has “Equal-Weight” rating by Barclays Capital on Monday, January 23. The rating was upgraded by Bank of America on Monday, February 27 to “Neutral”. The firm earned “Overweight” rating on Tuesday, January 12 by JP Morgan.

First Personal Financial Services, which manages about $513.32 million US Long portfolio, upped its stake in Jpmorgan Chase & Co (NYSE:JPM) by 4,686 shares to 15,114 shares, valued at $1.62M in 2017Q4, according to the filing. It also increased its holding in Oracle Corp (NYSE:ORCL) by 9,047 shares in the quarter, for a total of 102,452 shares, and has risen its stake in Spdr S&P 500 Etf Tr (Prn) (SPY).

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 110 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, October 6 by BMO Capital Markets. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. Wells Fargo maintained Bank of America Corporation (NYSE:BAC) on Thursday, August 10 with “Outperform” rating. The rating was maintained by Jefferies with “Buy” on Thursday, September 14. RBC Capital Markets maintained it with “Buy” rating and $26.0 target in Friday, October 6 report. The firm has “Buy” rating by Keefe Bruyette & Woods given on Sunday, August 13. The stock has “Buy” rating by Vetr on Monday, August 24. The firm has “Buy” rating given on Monday, April 16 by Nomura. Nomura maintained Bank of America Corporation (NYSE:BAC) rating on Monday, October 16. Nomura has “Buy” rating and $30 target. On Monday, October 16 the stock rating was maintained by BMO Capital Markets with “Market Perform”.

First Citizens Bank & Trust Co, which manages about $743.86M US Long portfolio, upped its stake in Unum Group (NYSE:UNM) by 37,057 shares to 45,905 shares, valued at $2.52 million in 2017Q4, according to the filing. It also increased its holding in Salesforce Com Inc (NYSE:CRM) by 4,580 shares in the quarter, for a total of 11,184 shares, and has risen its stake in Xcel Energy Inc (NYSE:XEL).

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

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By1 Winifred Garcia

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