Smith Salley & Associates Has Lowered Its Coca Cola Co (KO) Position; Managed Asset Portfolios Trimmed Symantec (SYMC) Stake

December 11, 2017 - By Maria Brooks

Smith Salley & Associates decreased Coca Cola Co (KO) stake by 68.69% reported in 2017Q2 SEC filing. Smith Salley & Associates sold 44,650 shares as Coca Cola Co (KO)’s stock rose 6.48%. The Smith Salley & Associates holds 20,355 shares with $913,000 value, down from 65,005 last quarter. Coca Cola Co now has $193.09B valuation. The stock increased 0.02% or $0.01 during the last trading session, reaching $45.32. About 4.32 million shares traded. The Coca-Cola Company (NYSE:KO) has declined 0.95% since December 11, 2016 and is downtrending. It has underperformed by 17.65% the S&P500.

Managed Asset Portfolios Llc decreased Symantec Corp (SYMC) stake by 26.8% reported in 2017Q2 SEC filing. Managed Asset Portfolios Llc sold 107,924 shares as Symantec Corp (SYMC)’s stock rose 0.76%. The Managed Asset Portfolios Llc holds 294,845 shares with $8.33M value, down from 402,769 last quarter. Symantec Corp now has $18.00 billion valuation. The stock increased 3.74% or $1.045 during the last trading session, reaching $29.025. About 3.34M shares traded. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since December 11, 2016 and is uptrending. It has outperformed by 55.12% the S&P500.

Investors sentiment decreased to 0.8 in 2017 Q2. Its down 0.14, from 0.94 in 2017Q1. It dived, as 49 investors sold KO shares while 618 reduced holdings. 123 funds opened positions while 504 raised stakes. 2.70 billion shares or 1.07% more from 2.67 billion shares in 2017Q1 were reported. 4,798 are owned by Bingham Osborn Scarborough Lc. Cetera Advsr Ltd Limited Liability Company has 106,551 shares. Thompson Siegel And Walmsley Ltd reported 260,403 shares stake. Provident Investment has invested 0.16% in The Coca-Cola Company (NYSE:KO). 27,971 were accumulated by Tower Rech Cap Limited Com (Trc). Putnam Invests Limited Liability Com has 0.05% invested in The Coca-Cola Company (NYSE:KO). Fairfield Bush holds 17,203 shares or 0.25% of its portfolio. Moreover, Jennison Associate Lc has 0.02% invested in The Coca-Cola Company (NYSE:KO) for 315,594 shares. Advsrs Asset Management holds 0.64% or 856,463 shares. American Asset Mgmt Inc reported 5,957 shares. Woodmont Investment Counsel Limited Co reported 37,021 shares or 0.47% of all its holdings. Regentatlantic Capital Lc has invested 0.06% in The Coca-Cola Company (NYSE:KO). Cook & Bynum Ltd Liability Company reported 27.45% in The Coca-Cola Company (NYSE:KO). Connecticut-based Paloma Prtnrs Mngmt has invested 0.01% in The Coca-Cola Company (NYSE:KO). Lombard Odier Asset (Europe) Limited invested in 45,235 shares.

Among 21 analysts covering Coca-Cola (NYSE:KO), 10 have Buy rating, 1 Sell and 10 Hold. Therefore 48% are positive. Coca-Cola had 63 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, November 14 by Wells Fargo. Bernstein maintained it with “Buy” rating and $48 target in Tuesday, April 11 report. Susquehanna upgraded the shares of KO in report on Friday, February 5 to “Neutral” rating. The firm earned “Buy” rating on Thursday, October 22 by UBS. The rating was maintained by Jefferies with “Hold” on Monday, July 24. The firm earned “Hold” rating on Monday, September 18 by Stifel Nicolaus. The stock of The Coca-Cola Company (NYSE:KO) earned “Buy” rating by Vetr on Friday, August 28. Credit Suisse maintained it with “Outperform” rating and $51 target in Thursday, October 26 report. Stifel Nicolaus upgraded the stock to “Buy” rating in Tuesday, January 12 report. As per Monday, August 24, the company rating was upgraded by Vetr.

Analysts await The Coca-Cola Company (NYSE:KO) to report earnings on February, 8. They expect $0.38 EPS, up 2.70% or $0.01 from last year’s $0.37 per share. KO’s profit will be $1.62B for 29.82 P/E if the $0.38 EPS becomes a reality. After $0.50 actual EPS reported by The Coca-Cola Company for the previous quarter, Wall Street now forecasts -24.00% negative EPS growth.

Investors sentiment decreased to 0.86 in 2017 Q2. Its down 0.09, from 0.95 in 2017Q1. It worsened, as 54 investors sold SYMC shares while 167 reduced holdings. 65 funds opened positions while 146 raised stakes. 554.80 million shares or 1.02% less from 560.54 million shares in 2017Q1 were reported. Manchester Capital Management Llc invested in 0.01% or 1,511 shares. 149,600 are owned by Lsv Asset. Blackrock owns 40.85 million shares. Nordea Invest Mgmt Ab holds 0.01% in Symantec Corporation (NASDAQ:SYMC) or 127,997 shares. Geode Mgmt Ltd Liability Corp holds 0.07% or 6.36 million shares in its portfolio. Wells Fargo And Mn reported 0.05% stake. Exxonmobil Tx holds 0.08% or 116,781 shares. State Teachers Retirement accumulated 996,722 shares or 0.07% of the stock. Cibc accumulated 131,171 shares or 0.04% of the stock. Panagora Asset Management holds 0% or 27,308 shares. Ameriprise Finance Inc holds 1.55 million shares or 0.02% of its portfolio. Brinker Capital invested 0.09% in Symantec Corporation (NASDAQ:SYMC). Quantbot Tech Ltd Partnership owns 20,257 shares or 0.05% of their US portfolio. 72,225 are owned by Laffer Investments. Envestnet Asset Mngmt reported 171,518 shares.

Analysts await Symantec Corporation (NASDAQ:SYMC) to report earnings on February, 7. They expect $0.29 EPS, up 31.82% or $0.07 from last year’s $0.22 per share. SYMC’s profit will be $179.80 million for 25.02 P/E if the $0.29 EPS becomes a reality. After $0.21 actual EPS reported by Symantec Corporation for the previous quarter, Wall Street now forecasts 38.10% EPS growth.

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