Bank Of America (BAC) Shareholder Arrow Financial Raised Stake; Toth Financial Advisory Increased Its Stake in Coca Cola Co (KO) by $3.46 Million as Market Valuation Declined

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Arrow Financial Corp increased its stake in Bank Of America Corp (BAC) by 11.48% based on its latest 2018Q4 regulatory filing with the SEC. Arrow Financial Corp bought 13,570 shares as the company’s stock rose 2.11% with the market. The institutional investor held 131,735 shares of the major banks company at the end of 2018Q4, valued at $3.25M, up from 118,165 at the end of the previous reported quarter. Arrow Financial Corp who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $283.96B market cap company. The stock increased 0.58% or $0.17 during the last trading session, reaching $29.46. About 43.18 million shares traded. Bank of America Corporation (NYSE:BAC) has declined 7.78% since March 15, 2018 and is downtrending. It has underperformed by 12.15% the S&P500. Some Historical BAC News: 02/05/2018 – AbbVie Presenting at Bank of America Conference May 16; 29/03/2018 – BANK OF AMERICA SAYS TO OPEN 600 MORE MERRILL EDGE INVESTMENT CENTERS; 14/05/2018 – Esperion Therapeutics at Bank of America Conference Tomorrow; 05/03/2018 – Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Merrill Lynch, said in a note to clients Friday that fund managers may be piling into these names as interest rates rise; 14/05/2018 – Centene Presenting at Bank of America Conference Tomorrow; 16/04/2018 – BANK OF AMERICA 1Q INVESTMENT BANKING REV. $1.35B, EST. $1.48B; 08/05/2018 – CSX Corporation Chief Financial Officer to Address Bank of America Merrill Lynch Transportation Conference; 27/04/2018 – Bank of America Executive Fights Back After Firing; 16/04/2018 – BANK OF AMERICA – QTRLY NET CHARGE-OFFS DECLINED $23 MILLION TO $911 MILLION; 20/04/2018 – P&G PG.N : BOFA MERRILL CUTS PRICE OBJECTIVE TO $82 FROM $90

Toth Financial Advisory Corp increased its stake in Coca Cola Co (KO) by 36838.5% based on its latest 2018Q4 regulatory filing with the SEC. Toth Financial Advisory Corp bought 73,677 shares as the company’s stock declined 8.17% while stock markets rallied. The institutional investor held 73,877 shares of the beverages (production and distribution) company at the end of 2018Q4, valued at $3.50 million, up from 200 at the end of the previous reported quarter. Toth Financial Advisory Corp who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $195.38 billion market cap company. The stock decreased 0.26% or $0.12 during the last trading session, reaching $45.7. About 18.50M shares traded or 9.56% up from the average. The Coca-Cola Company (NYSE:KO) has risen 5.11% since March 15, 2018 and is uptrending. It has outperformed by 0.74% the S&P500. Some Historical KO News: 24/04/2018 – Coca-Cola 1Q Organic Revenue Rose 5%; 03/05/2018 – MEDIA-Coca-Cola to take its Indian brand ‘Thums Up’ to neighbouring markets – PTI in Economic Times; 24/04/2018 – Coca-Cola Sees 2018 Organic Revenue Growth 4%; 31/05/2018 – Coca-Cola returns to alcoholic drinks with Japan ‘alcopop’; 08/05/2018 – PURECIRCLE LTD PURE.L – COCA-COLA STEVIA NO SUGAR WAS LAUNCHED IN NEW ZEALAND; 09/03/2018 – COCA-COLA CO – LARRY TANENBAUM AND JUNIOR BRIDGEMAN TO FORM CANADIAN JOINT VENTURE TO ACQUIRE COCA-COLA REFRESHMENTS CANADA; 24/04/2018 – COCA-COLA 1Q COMPARABLE EPS 47C, EST. 46C; 24/04/2018 – COCA-COLA SAYS COMPANY IS ‘ADAPTING’ TO NEW SUGAR TAXES IN U.K., SOUTH AFRICA; 08/03/2018 – @petenajarian may be basking in sunny Hawaii, but that’s not stopping him from giving his Fast Pitch on $KO; 24/04/2018 – COCA-COLA CFO KATHY WALLER COMMENTS ON EARNINGS CALL

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Benzinga.com which released: “Wells Fargo CEO Tim Sloan: Bank’s Culture Has ‘Substantially Improved’ (NYSE:WFC) – Benzinga” on March 13, 2019, also Bizjournals.com with their article: “Why a Raleigh house flipper is suing Bank of America in federal court – Triangle Business Journal” published on March 07, 2019, Investorplace.com published: “5 Top Stock Trades for Friday: CLDR, Snap and the Banks – Investorplace.com” on March 14, 2019. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Benzinga.com and their article: “Jim Cramer Gives His Opinion On Bank Of America, Sarepta, Wendy’s And More – Benzinga” published on March 15, 2019 as well as Investorplace.com‘s news article titled: “Square Stock Faces Short-Term Pain and Long-Term Gain – Investorplace.com” with publication date: March 12, 2019.

Arrow Financial Corp, which manages about $390.98M US Long portfolio, decreased its stake in Exxonmobil Corp (NYSE:XOM) by 4,661 shares to 61,528 shares, valued at $4.20 million in 2018Q4, according to the filing. It also reduced its holding in Netflix Inc (NASDAQ:NFLX) by 1,901 shares in the quarter, leaving it with 26,505 shares, and cut its stake in Charles Schwab Corp (NYSE:SCHW).

Investors sentiment decreased to 0.83 in Q4 2018. Its down 0.01, from 0.84 in 2018Q3. It dropped, as 107 investors sold BAC shares while 616 reduced holdings. 124 funds opened positions while 475 raised stakes. 6.44 billion shares or 1.20% more from 6.37 billion shares in 2018Q3 were reported. Ima Wealth Inc owns 4.9% invested in Bank of America Corporation (NYSE:BAC) for 426,108 shares. Cramer Rosenthal Mcglynn Ltd Liability Corporation has 0.44% invested in Bank of America Corporation (NYSE:BAC). Missouri-based Signalpoint Asset Mngmt Ltd Liability Com has invested 0.53% in Bank of America Corporation (NYSE:BAC). Bb&T Securities Lc owns 1.08 million shares. Zweig accumulated 446,132 shares or 1.09% of the stock. Texas-based King Luther Capital Management has invested 1.65% in Bank of America Corporation (NYSE:BAC). Moreover, Homrich And Berg has 0.08% invested in Bank of America Corporation (NYSE:BAC) for 55,880 shares. Cubist Systematic Strategies Ltd Liability holds 0.09% or 79,868 shares in its portfolio. 98,185 are owned by Reliant Invest Management Limited Liability Com. Tortoise Inv Mngmt Lc reported 1,333 shares. Moreover, Basswood Mgmt Lc has 2.66% invested in Bank of America Corporation (NYSE:BAC) for 1.84M shares. Coastline Company owns 94,498 shares or 0.4% of their US portfolio. Arvest Financial Bank Trust Division has 1.86% invested in Bank of America Corporation (NYSE:BAC). Texas Permanent School Fund invested 0.8% in Bank of America Corporation (NYSE:BAC). Bridges Invest stated it has 168,866 shares or 0.2% of all its holdings.

Since October 24, 2018, it had 0 buys, and 13 insider sales for $20.97 million activity. The insider SMITH BRIAN JOHN sold 43,000 shares worth $2.06M. On Monday, November 5 the insider CRESPO FRANCISCO sold $2.63 million. 15,100 shares were sold by MANN JENNIFER K, worth $761,040 on Monday, November 19. 8,754 shares valued at $411,000 were sold by DINKINS JAMES L on Wednesday, October 24. 15,000 shares were sold by LONG ROBERT EDWARD, worth $729,768. 45,400 shares valued at $2.25 million were sold by HAYS ED on Wednesday, November 7.

Investors sentiment increased to 0.9 in Q4 2018. Its up 0.08, from 0.82 in 2018Q3. It is positive, as 46 investors sold KO shares while 602 reduced holdings. 141 funds opened positions while 444 raised stakes. 2.79 billion shares or 3.47% more from 2.69 billion shares in 2018Q3 were reported. The Connecticut-based Gilman Hill Asset Management Ltd Llc has invested 0.11% in The Coca-Cola Company (NYSE:KO). Acg Wealth, Georgia-based fund reported 71,863 shares. Moreover, Janney Capital Management Lc has 0.06% invested in The Coca-Cola Company (NYSE:KO) for 22,959 shares. Fiera Corp reported 44,947 shares stake. Neuberger Berman Group Ltd has 2.50 million shares for 0.16% of their portfolio. Rmb Mngmt Ltd Co reported 24,353 shares or 0.03% of all its holdings. Fifth Third Retail Bank invested in 0.51% or 1.47M shares. Fort Limited Partnership invested in 0.4% or 35,737 shares. Private Asset Inc owns 7,722 shares or 0.07% of their US portfolio. San Francisco Sentry Investment Grp (Ca) invested in 18,364 shares or 0.41% of the stock. Johnson Fin Grp invested in 0.07% or 13,462 shares. Birch Hill Inv Advsrs Ltd Com holds 76,943 shares. Kansas-based Mariner Ltd Company has invested 0.13% in The Coca-Cola Company (NYSE:KO). Summit Limited Liability Corporation holds 0.05% of its portfolio in The Coca-Cola Company (NYSE:KO) for 12,200 shares. Maverick Capital Ltd owns 171,550 shares for 0.12% of their portfolio.

The Coca-Cola Company (NYSE:KO) Institutional Positions Chart