Wilbanks Smith & Thomas Asset Management Maintains Holding in Procter & Gamble (PG); Bankamerica Com (BAC) Stock Price Declined While Smithbridge Asset Management Decreased Holding

June 14, 2018 - By Marguerite Chambers

The Procter & Gamble Company (NYSE:PG) Logo

Smithbridge Asset Management Inc decreased its stake in Bankamerica Corp Com (BAC) by 50.1% based on its latest 2018Q1 regulatory filing with the SEC. Smithbridge Asset Management Inc sold 11,078 shares as the company’s stock declined 6.97% with the market. The institutional investor held 11,035 shares of the major banks company at the end of 2018Q1, valued at $331,000, down from 22,113 at the end of the previous reported quarter. Smithbridge Asset Management Inc who had been investing in Bankamerica Corp Com for a number of months, seems to be less bullish one the $298.40 billion market cap company. The stock decreased 1.37% or $0.41 during the last trading session, reaching $29.43. About 43.69M shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 14, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 14/05/2018 – West Pharma Presenting at Bank of America Conference Tomorrow; 16/04/2018 – Bank of America 1Q Pretax Earnings $8.4B, up 15%; 30/05/2018 – Korea Times: ‘BofA Merrill Lynch warning’ issued by Kosdaq; 03/04/2018 – Bank of America Merrill Lynch removes Facebook from its US1 top ideas list; 11/05/2018 – Sienna Biopharmaceuticals at Bank of America Conference May 15; 15/05/2018 – Henry Schein Presenting at Bank of America Conference Tomorrow; 19/03/2018 – Bank of America whistleblowers land $88m in awards; 10/05/2018 – Cryptocurrencies are standing in the way of authorities catching “bad guys,” a Bank of America official said; 02/05/2018 – Glaukos Presenting at Bank of America Conference May 16; 20/03/2018 – The threat of a global trade war topped the list of fears in the Bank of America Merrill Lynch Fund Manager Survey for March

Wilbanks Smith & Thomas Asset Management Llc increased its stake in Procter & Gamble (PG) by 6.58% based on its latest 2018Q1 regulatory filing with the SEC. Wilbanks Smith & Thomas Asset Management Llc bought 4,153 shares as the company’s stock declined 8.97% with the market. The institutional investor held 67,237 shares of the package goods and cosmetics company at the end of 2018Q1, valued at $5.33M, up from 63,084 at the end of the previous reported quarter. Wilbanks Smith & Thomas Asset Management Llc who had been investing in Procter & Gamble for a number of months, seems to be bullish on the $191.89B market cap company. The stock decreased 0.21% or $0.16 during the last trading session, reaching $76.31. About 3.82M shares traded. The Procter & Gamble Company (NYSE:PG) has declined 14.45% since June 14, 2017 and is downtrending. It has underperformed by 27.02% the S&P500.

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: Seekingalpha.com which released: “Bert’s May Dividend Income Summary” on June 13, 2018, also 247Wallst.com with their article: “Procter & Gamble Now at 5 Weeks as Dow’s Worst Performing Stock” published on May 19, 2018, 247Wallst.com published: “Procter & Gamble Still the Dow’s Worst-Performing Stock” on June 02, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: 247Wallst.com and their article: “Procter & Gamble Remains the Dow’s Worst Performing Stock” published on May 26, 2018 as well as Seekingalpha.com‘s news article titled: “It Is No Longer A Gamble Investing In Procter & Gamble: Part 5” with publication date: June 14, 2018.

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.11, from 0.89 in 2017Q4. It dived, as 71 investors sold PG shares while 786 reduced holdings. 112 funds opened positions while 556 raised stakes. 1.51 billion shares or 2.21% more from 1.47 billion shares in 2017Q4 were reported. Willingdon Wealth Management, a North Carolina-based fund reported 460 shares. Cap Investment Lc reported 126,000 shares or 0.65% of all its holdings. Portland Advsrs Llc reported 15,521 shares. Williams Jones Associates Limited Liability Company owns 34,580 shares or 0.06% of their US portfolio. 185,684 were accumulated by Wade G W &. Moreover, Northstar Advsr Ltd Liability Corporation has 2% invested in The Procter & Gamble Company (NYSE:PG) for 119,155 shares. Vigilant Mgmt Lc holds 0.27% or 24,258 shares. Papp L Roy & Assocs invested in 75,718 shares or 1.15% of the stock. Grantham Mayo Van Otterloo And Ltd has 0% invested in The Procter & Gamble Company (NYSE:PG) for 10,100 shares. Guinness Asset Management Ltd owns 2.94% invested in The Procter & Gamble Company (NYSE:PG) for 168,850 shares. Ww Investors accumulated 26.56 million shares. Dorsey Whitney Tru Ltd Liability Company accumulated 63,379 shares or 0.92% of the stock. Tokio Marine Asset Management Ltd has invested 0.22% in The Procter & Gamble Company (NYSE:PG). Perkins Coie invested in 40,181 shares or 1.58% of the stock. Indiana Trust Inv Co accumulated 30,724 shares or 1.13% of the stock.

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 10 have Buy rating, 1 Sell and 14 Hold. Therefore 40% are positive. Proctor & Gamble had 90 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was downgraded by Vetr to “Strong-Buy” on Friday, August 7. As per Thursday, July 14, the company rating was upgraded by UBS. The stock of The Procter & Gamble Company (NYSE:PG) earned “Neutral” rating by B. Riley & Co on Monday, October 26. The firm earned “Hold” rating on Friday, June 30 by RBC Capital Markets. The rating was downgraded by Stifel Nicolaus on Wednesday, December 21 to “Hold”. The stock of The Procter & Gamble Company (NYSE:PG) has “Neutral” rating given on Wednesday, January 27 by UBS. The rating was maintained by Deutsche Bank on Friday, July 31 with “Buy”. The stock of The Procter & Gamble Company (NYSE:PG) has “Neutral” rating given on Wednesday, March 30 by B. Riley & Co. The firm has “Buy” rating given on Tuesday, October 3 by Jefferies. Jefferies maintained The Procter & Gamble Company (NYSE:PG) on Thursday, August 17 with “Buy” rating.

Wilbanks Smith & Thomas Asset Management Llc, which manages about $2.31 billion and $1.24 billion US Long portfolio, decreased its stake in Vanguard S&P 500 Etf (VOO) by 3,822 shares to 208,563 shares, valued at $50.49M in 2018Q1, according to the filing. It also reduced its holding in Adobe Systems (NASDAQ:ADBE) by 1,858 shares in the quarter, leaving it with 23,297 shares, and cut its stake in Ishares Russell Midcap Index (IWR).

Since February 15, 2018, it had 0 buys, and 10 selling transactions for $8.44 million activity. $317,221 worth of The Procter & Gamble Company (NYSE:PG) was sold by Skoufalos Ioannis. $931,536 worth of The Procter & Gamble Company (NYSE:PG) was sold by Giovanni Ciserani on Tuesday, May 15. Fish Kathleen B sold $103,190 worth of stock or 1,313 shares. Moeller Jon R also sold $410,266 worth of The Procter & Gamble Company (NYSE:PG) shares. $149,130 worth of The Procter & Gamble Company (NYSE:PG) shares were sold by Bishop Steven D. Shares for $113,533 were sold by Coombe Gary A on Tuesday, May 15.

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. As per Thursday, September 14, the company rating was maintained by Jefferies. The stock of Bank of America Corporation (NYSE:BAC) has “Outperform” rating given on Thursday, February 16 by Macquarie Research. The firm has “Buy” rating by Citigroup given on Wednesday, January 11. The rating was maintained by RBC Capital Markets on Friday, October 13 with “Buy”. The firm earned “Buy” rating on Sunday, July 23 by Renaissance Macro Securities LLC. The firm earned “Buy” rating on Monday, October 16 by Nomura. Barclays Capital maintained Bank of America Corporation (NYSE:BAC) on Tuesday, January 3 with “Equal Weight” rating. The rating was maintained by Oppenheimer on Tuesday, October 6 with “Outperform”. The rating was upgraded by Wells Fargo on Thursday, September 10 to “Outperform”. The rating was downgraded by Deutsche Bank to “Hold” on Tuesday, November 8.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It worsened, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Perkins Management has 0.81% invested in Bank of America Corporation (NYSE:BAC) for 30,050 shares. Oppenheimer And holds 0.72% of its portfolio in Bank of America Corporation (NYSE:BAC) for 931,234 shares. Trexquant Investment L P, a Connecticut-based fund reported 102,242 shares. Cap Financial Advisers Ltd reported 623,977 shares. Ghp Inv Advisors stated it has 55,023 shares or 0.23% of all its holdings. Palladium Prns holds 428,233 shares. Ibm Retirement Fund reported 224,783 shares. Fulton Fincl Bank Na reported 129,559 shares. Cohen Klingenstein Limited Liability Co stated it has 0.79% of its portfolio in Bank of America Corporation (NYSE:BAC). Hudson Valley Inv Advsr Inc Adv stated it has 196,748 shares or 1.49% of all its holdings. Deltec Asset Management Limited Liability Com, a New York-based fund reported 244,900 shares. Raymond James Na holds 0.52% of its portfolio in Bank of America Corporation (NYSE:BAC) for 252,291 shares. Cape Cod Five Cents Savings Bank reported 23,310 shares or 0.11% of all its holdings. World Asset Mngmt holds 564,727 shares. Eagle Advsr Ltd Liability Company owns 340,512 shares.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Investorplace.com which released: “5 Top Stock Trades for Thursday Morning” on June 13, 2018, also Seekingalpha.com with their article: “Citi warns on bank job automation” published on June 12, 2018, Seekingalpha.com published: “Bank of America Corporation (BAC) Presents at Morgan Stanley Financials Conference (Transcript)” on June 12, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Investorplace.com and their article: “Trade of the Day: Bank of America Corp Stock Could Be the Next to Rally” published on June 07, 2018 as well as Seekingalpha.com‘s news article titled: “Bank of America’s virtual financial assistant gets over 1M users” with publication date: June 12, 2018.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 17. They expect $0.63 earnings per share, up 36.96% or $0.17 from last year’s $0.46 per share. BAC’s profit will be $6.39 billion for 11.68 P/E if the $0.63 EPS becomes a reality. After $0.62 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 1.61% EPS growth.

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

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