Vodafone Group Plc New (VOD) Stock Declined While Cypress Asset Management Trimmed Its Stake; Bank Of America (BAC) Shareholder Community Trust & Investment Co Lowered Its Stake by $399,417

June 14, 2018 - By Darrin Black

Bank of America Corporation (NYSE:BAC) Logo

Cypress Asset Management Inc decreased its stake in Vodafone Group Plc New (VOD) by 55.56% based on its latest 2018Q1 regulatory filing with the SEC. Cypress Asset Management Inc sold 48,315 shares as the company’s stock declined 10.20% with the market. The institutional investor held 38,645 shares of the telecommunications equipment company at the end of 2018Q1, valued at $1.08 million, down from 86,960 at the end of the previous reported quarter. Cypress Asset Management Inc who had been investing in Vodafone Group Plc New for a number of months, seems to be less bullish one the $66.77B market cap company. The stock increased 1.17% or $0.29 during the last trading session, reaching $24.98. About 3.98M shares traded or 8.98% up from the average. Vodafone Group Plc (NASDAQ:VOD) has declined 12.54% since June 14, 2017 and is downtrending. It has underperformed by 25.11% the S&P500. Some Historical VOD News: 09/05/2018 – VODAFONE VOD.L CEO SAYS VODAFONE-LIBERTY WILL BE A DISTRIBUTOR RATHER THAN CONTENT ORIGINATOR, WILL WORK WITH CONTENT PROVIDERS LIKE SKY AND EVEN NETFLIX; 28/05/2018 – FAMILY ZONE CYBER SAFETY LTD FZO.AX – TO LAUNCH IN INDIA WITH VODAFONE AND MICROMAX; 09/05/2018 – DEUTSCHE TELEKOM CEO SAYS VODAFONE-LIBERTY DEAL `WRONG’; 21/05/2018 – Economic Times: Airtel, Vodafone and Jio bet on blockchain to cut costs, push revenue; 24/05/2018 – MEDIA-India govt allows merged entity of Vodafone India and ldea Cellular to clear dues – Mint; 15/05/2018 – Vodafone Group FY 2018 Adjusted Ebitda Up 11.8% Organically; 09/05/2018 – UPC Holding BV (“UPC Holding”), UPCB Finance IV Limited (“UPCB lV”) and UPCB Finance Vll Limited (“UPCB Vll”) announce agreement to sell certain assets to Vodafone Group plc (“Vodafone”); 30/05/2018 – VODAFONE GROUP PLC VOD.L – CLOSES US$11.5 BLN SEC-REGISTERED BOND OFFERING; 08/03/2018 – BOOKING HOLDINGS – BOARD NOMINATED FOR ELECTION TO BOARD AT JUNE ANNUAL MEETING NICK READ, GROUP CHIEF FINANCIAL OFFICER OF VODAFONE GROUP PLC; 08/05/2018 – Vodafone nears €18bn deal for chunk of Liberty Global

Community Trust & Investment Co decreased its stake in Bank Of America Corp (BAC) by 1.39% based on its latest 2018Q1 regulatory filing with the SEC. Community Trust & Investment Co sold 13,773 shares as the company’s stock declined 6.97% with the market. The institutional investor held 980,409 shares of the major banks company at the end of 2018Q1, valued at $29.40 million, down from 994,182 at the end of the previous reported quarter. Community Trust & Investment Co who had been investing in Bank Of America Corp for a number of months, seems to be less bullish one the $299.32B market cap company. The stock decreased 1.07% or $0.32 during the last trading session, reaching $29.52. About 70.91 million shares traded or 5.88% up from the average. 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: 30/03/2018 – Merrill Lynch Ex-CEO Turns to Uber as His Next Fix-It Project; 18/05/2018 – BAML Global Monetary Policy Forecasts as of May 18 (Table); 23/03/2018 – SCHNEIDERMAN SAYS UNDISCLOSED AGREEMENTS ENABLED BANK TO CONCEAL FROM CLIENTS OVER FIVE YEARS THAT IT SECRETLY ROUTED THEIR ORDERS FOR EQUITY SECURITIES TO THOSE FIRMS; 15/05/2018 – AMERICAN AIRLINES CFO COMMENTS AT BANK OF AMERICA CONFERENCE; 17/05/2018 – Bank of America Raises $2.25 Billion in Largest Green Bond Deal; 20/03/2018 – MULESOFT INC – SALESFORCE HAS OBTAINED A COMMITMENT FROM BOFA MERRILL LYNCH FOR A $3.0 BLN BRIDGE LOAN FACILITY; 16/03/2018 – BANK OF AMERICA MERRILL LYNCH’S ANDY SIEG WILL KEEP CHANGES MADE AHEAD OF FIDUCIARY RULE -MEMO; 05/05/2018 – Gold can get to 5-year highs if it can clear one technical hurdle: BofA (via @CNBCFuturesNow); 15/05/2018 – Coherus Bio Presenting at Bank of America Conference Tomorrow; 09/05/2018 – LifePoint Presenting at Bank of America Conference May 15

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 Nasdaq.com with their article: “Consolidated Research: 2018 Summary Expectations for Humana, DexCom, Royal Dutch Shell, First Connecticut …” published on June 14, 2018, Bizjournals.com published: “CBJ Morning Buzz: BofA to pay $15M settlement; Movement on I-77 changes; Kohl’s to add store here” on June 13, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Fool.com and their article: “How Wells Fargo Is Following in Bank of America’s Footsteps” published on June 11, 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.

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.24, from 1.19 in 2017Q4. It turned negative, 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. Intrust Bancorp Na reported 1.04% in Bank of America Corporation (NYSE:BAC). Argent Trust invested in 1.3% or 158,309 shares. Flippin Bruce & Porter stated it has 211,673 shares or 1.37% of all its holdings. Family Firm stated it has 0.15% of its portfolio in Bank of America Corporation (NYSE:BAC). Nexus Invest Mgmt Inc holds 0.12% or 25,900 shares. Columbia Partners L L C Inv Mgmt invested 0.08% in Bank of America Corporation (NYSE:BAC). Washington Bankshares holds 0.39% or 89,811 shares. Bradley Foster And Sargent Ct owns 250,931 shares for 0.29% of their portfolio. Westpac Banking holds 0% or 1.20M shares in its portfolio. Arizona State Retirement Sys, Arizona-based fund reported 2.58M shares. Korea holds 9.02M shares. Tci Wealth Advsr reported 16,682 shares. Manikay Prtn Limited Co accumulated 4.50M shares or 7.03% of the stock. 1.13M are owned by Chicago Equity Ptnrs Ltd Company. Schnieders Cap Ltd Liability accumulated 207,846 shares.

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. The stock has “Market Perform” rating by BMO Capital Markets on Monday, October 16. The firm earned “Buy” rating on Wednesday, August 12 by Deutsche Bank. The stock of Bank of America Corporation (NYSE:BAC) has “Neutral” rating given on Tuesday, April 4 by Citigroup. The firm earned “Outperform” rating on Tuesday, November 29 by Keefe Bruyette & Woods. Barclays Capital maintained the shares of BAC in report on Tuesday, January 3 with “Equal Weight” rating. The stock of Bank of America Corporation (NYSE:BAC) has “Hold” rating given on Wednesday, January 17 by BMO Capital Markets. Macquarie Research upgraded Bank of America Corporation (NYSE:BAC) on Thursday, February 16 to “Outperform” rating. Credit Agricole upgraded the stock to “Outperform” rating in Friday, January 29 report. The stock of Bank of America Corporation (NYSE:BAC) has “Mkt Perform” rating given on Monday, August 24 by Bruyette & Woods”. The firm has “Buy” rating by Jefferies given on Tuesday, June 6.

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 11.71 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.

Community Trust & Investment Co, which manages about $827.01 million US Long portfolio, upped its stake in Dowdupont Inc by 86,858 shares to 417,971 shares, valued at $26.63 million in 2018Q1, according to the filing. It also increased its holding in Bp Plc (NYSE:BP) by 9,939 shares in the quarter, for a total of 370,890 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

Among 10 analysts covering Vodafone Group PLC (ADR) (NASDAQ:VOD), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Vodafone Group PLC (ADR) had 19 analyst reports since October 19, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, January 25 by Bank of America. The stock of Vodafone Group Plc (NASDAQ:VOD) has “Buy” rating given on Wednesday, January 17 by Raymond James. The stock has “Buy” rating by Bank of America on Wednesday, April 20. Standpoint Research downgraded the shares of VOD in report on Thursday, June 1 to “Reduce” rating. The rating was downgraded by HSBC on Tuesday, January 17 to “Hold”. On Monday, October 19 the stock rating was upgraded by Macquarie Research to “Outperform”. The company was downgraded on Monday, November 21 by BNP Paribas. Argus Research maintained Vodafone Group Plc (NASDAQ:VOD) rating on Wednesday, June 13. Argus Research has “Buy” rating and $30 target. The firm has “Neutral” rating by Citigroup given on Thursday, May 17. The stock of Vodafone Group Plc (NASDAQ:VOD) earned “Buy” rating by Argus Research on Monday, June 12.

More important recent Vodafone Group Plc (NASDAQ:VOD) news were published by: 247Wallst.com which released: “H&R Block, Avon Products Dive Wednesday’s 52-Week Low Club” on June 13, 2018, also Seekingalpha.com published article titled: “Why The Negativity Over Vodafone?”, Benzinga.com published: “10 Biggest Price Target Changes For Wednesday” on June 13, 2018. More interesting news about Vodafone Group Plc (NASDAQ:VOD) was released by: Seekingalpha.com and their article: “45 ‘Safer’ Dividend Nasdaq Equities For June” with publication date: June 11, 2018.

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

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