Bank Of America Corp. (BAC) Position Maintained by Altavista Wealth Management Inc; As Moody’s (MCO) Share Value Rose, Shareholder Markel Lowered Its Position by $14.49 Million

August 15, 2018 - By Joseph Taylor

Bank of America Corporation (NYSE:BAC) Logo

Markel Corp decreased its stake in Moody’s Corp (MCO) by 31.03% based on its latest 2018Q1 regulatory filing with the SEC. Markel Corp sold 90,000 shares as the company’s stock rose 2.25% while stock markets declined. The hedge fund held 200,000 shares of the consumer services company at the end of 2018Q1, valued at $32.26 million, down from 290,000 at the end of the previous reported quarter. Markel Corp who had been investing in Moody’s Corp for a number of months, seems to be less bullish one the $32.59 billion market cap company. The stock decreased 0.64% or $1.1 during the last trading session, reaching $169.82. About 104,787 shares traded. Moody's Corporation (NYSE:MCO) has risen 49.33% since August 15, 2017 and is uptrending. It has outperformed by 36.76% the S&P500. Some Historical MCO News: 15/05/2018 – Market Talk Roundup: Moody’s Emerging Markets Summit; 14/05/2018 – Moody’s Assigns A Ba2 Rating To Wyndham Worldwide’s Proposed Bank Facility; 14/03/2018 – MOODY’S SAYS RETAIL DEFAULTS TO PEAK IN EARLY 2018, EVEN AS PRESSURES PERSIST AMONG WEAKER ISSUERS; 15/05/2018 – Moody’s Affirms Five Cmbs Classes Of Csmc 2014-USA; 02/04/2018 – Moody’s Assigns Aa3 To City Of Anna’s, Tx Golt; 29/03/2018 – This is a ‘critical time’ for Tesla, says Moody’s analyst who who downgraded its credit rating; 17/05/2018 – Moody’s Downgrades Mashreq Capital (DIFC) Limited’s Investment Manager Quality Assessment To Mq3; 23/03/2018 – Tencent Gets Some Much-Needed Love From Moody’s — Market Talk; 25/04/2018 – MOODY’S ASSIGNS B3 CFR TO Bl-LO; 29/03/2018 – Moody’s Assigns Ratings To Clo Refinancing Notes Issued By Hps Loan Management 7-2015, Ltd

Altavista Wealth Management Inc increased its stake in Bank Of America Corp. (BAC) by 54.37% based on its latest 2018Q1 regulatory filing with the SEC. Altavista Wealth Management Inc bought 24,804 shares as the company’s stock declined 6.97% with the market. The institutional investor held 70,428 shares of the major banks company at the end of 2018Q1, valued at $2.11 million, up from 45,624 at the end of the previous reported quarter. Altavista Wealth Management Inc who had been investing in Bank Of America Corp. for a number of months, seems to be bullish on the $303.44B market cap company. The stock decreased 1.33% or $0.41 during the last trading session, reaching $30.38. About 22.08M shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since August 15, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 16/04/2018 – BofA Posts Gains in Equity Trading, Return on Equity: TOPLive; 09/04/2018 – CEMEX CX.N : BOFA MERRILL RAISES PRICE OBJECTIVE TO $8.50 FROM $8; 09/05/2018 – ArcelorMittal hires Bank of America to sell European steel assets; 16/05/2018 – Penumbra Presenting at Bank of America Conference Tomorrow; 28/03/2018 – BOFA IS SAID TO HAVE TWO MANAGING DIRECTORS IN LONDON DEPART; 04/05/2018 – Editas Presenting at Bank of America Conference May 15; 12/04/2018 – GE Capital has “zero equity value,” according to Bank of America Merrill Lynch; 29/03/2018 – AustinBizJournal: EXCLUSIVE: @BankofAmerica to consolidate Austin offices, move into same downtown tower as Facebook…; 02/05/2018 – Magellan Health to Participate at Bank of America Merrill Lynch Health Care Conference; 27/03/2018 – GM at Bank of America Merrill Lynch Auto Summit Tomorrow

Since March 1, 2018, it had 0 insider purchases, and 14 selling transactions for $34.87 million activity. $4.52 million worth of stock was sold by GOGGINS JOHN J on Wednesday, May 16. On Thursday, May 10 the insider Worrall Blair sold $1.02 million. Shares for $727,259 were sold by Cantor Richard. Crimmins Michael S had sold 898 shares worth $155,763. $80,480 worth of Moody's Corporation (NYSE:MCO) shares were sold by Duffie Darrell. Shares for $588,000 were sold by Fauber Robert.

Among 14 analysts covering Moody’s (NYSE:MCO), 3 have Buy rating, 0 Sell and 11 Hold. Therefore 21% are positive. Moody’s had 60 analyst reports since October 5, 2015 according to SRatingsIntel. On Monday, November 2 the stock rating was downgraded by FBR Capital to “Mkt Perform”. The company was maintained on Tuesday, July 11 by BMO Capital Markets. On Monday, October 5 the stock rating was initiated by Argus Research with “Buy”. The firm has “Equal-Weight” rating given on Tuesday, July 25 by Morgan Stanley. The company was maintained on Friday, February 9 by BMO Capital Markets. The stock has “Neutral” rating by UBS on Tuesday, January 10. The stock of Moody's Corporation (NYSE:MCO) has “Overweight” rating given on Monday, November 2 by Piper Jaffray. The firm has “Overweight” rating by Barclays Capital given on Tuesday, August 23. The firm has “Neutral” rating given on Monday, February 12 by Cantor Fitzgerald. The stock has “Buy” rating by Nomura on Thursday, January 11.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.37, from 1.35 in 2017Q4. It dropped, as 37 investors sold MCO shares while 188 reduced holdings. 56 funds opened positions while 164 raised stakes. 159.76 million shares or 0.86% more from 158.40 million shares in 2017Q4 were reported. Quantbot Techs Limited Partnership, a New York-based fund reported 5,276 shares. 5.36M are held by Massachusetts Fin Co Ma. 17,000 are held by Omers Administration. Fiera Capital has 4.27% invested in Moody's Corporation (NYSE:MCO) for 5.56 million shares. King Luther Capital Corporation holds 0.3% of its portfolio in Moody's Corporation (NYSE:MCO) for 221,525 shares. 198 are held by First Personal Fincl Ser. Baskin Fincl Service holds 89,080 shares or 2.27% of its portfolio. Ftb Advsr stated it has 0.01% of its portfolio in Moody's Corporation (NYSE:MCO). Avalon Advsr Lc holds 67,495 shares. Regentatlantic Capital Llc, a New Jersey-based fund reported 2,129 shares. Oppenheimer And has 0.01% invested in Moody's Corporation (NYSE:MCO). Spinnaker Tru has invested 0.02% in Moody's Corporation (NYSE:MCO). Pettee Invsts holds 0.12% of its portfolio in Moody's Corporation (NYSE:MCO) for 1,246 shares. Moreover, Wetherby Asset has 0.09% invested in Moody's Corporation (NYSE:MCO). Amp Invsts holds 0.06% or 68,429 shares.

More notable recent Moody's Corporation (NYSE:MCO) news were published by: Seekingalpha.com which released: “Moody’s Corporation (MCO) CEO Raymond McDaniel on Q2 2018 Results – Earnings Call Transcript” on July 27, 2018, also Businesswire.com with their article: “Moody’s Analytics Expands Insurance Actuarial Modeling Team in Asia-Pacific” published on August 15, 2018, Seekingalpha.com published: “Moody’s Corporation 2018 Q2 – Results – Earnings Call Slides” on July 27, 2018. More interesting news about Moody's Corporation (NYSE:MCO) were released by: Seekingalpha.com and their article: “Moody’s acquires Omega Performance” published on August 07, 2018 as well as Seekingalpha.com‘s news article titled: “Moody’s To Acquire Omega Performance For Financial Training” with publication date: August 09, 2018.

Markel Corp, which manages about $5.26B US Long portfolio, upped its stake in Disney (NYSE:DIS) by 43,500 shares to 1.74 million shares, valued at $175.04M in 2018Q1, according to the filing. It also increased its holding in Hexcel Corp (NYSE:HXL) by 20,500 shares in the quarter, for a total of 106,500 shares, and has risen its stake in Watsco Inc (NYSE:WSO).

Analysts await Moody's Corporation (NYSE:MCO) to report earnings on November, 2. They expect $1.82 earnings per share, up 19.74% or $0.30 from last year’s $1.52 per share. MCO’s profit will be $349.25M for 23.33 P/E if the $1.82 EPS becomes a reality. After $2.04 actual earnings per share reported by Moody's Corporation for the previous quarter, Wall Street now forecasts -10.78% negative EPS growth.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It dropped, 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. Aspiriant Limited Liability Corp holds 0.09% or 33,279 shares in its portfolio. Davidson Advsr holds 2.07% or 639,735 shares in its portfolio. Moreover, Grimes And Inc has 0.32% invested in Bank of America Corporation (NYSE:BAC). Dimensional Fund Advsrs LP stated it has 54.93 million shares. Shufro Rose & Ltd Co reported 75,249 shares or 0.22% of all its holdings. British Columbia Invest Management has invested 1.03% in Bank of America Corporation (NYSE:BAC). Cornerstone Advsr Inc holds 1.41% or 394,300 shares in its portfolio. Fifth Third Bankshares has invested 1.02% in Bank of America Corporation (NYSE:BAC). Cap Counsel holds 0.46% of its portfolio in Bank of America Corporation (NYSE:BAC) for 37,257 shares. Fmr Ltd stated it has 342.33M shares. Ftb Advsr has 211,778 shares. Modera Wealth Limited Liability Corporation has 47,884 shares for 0.3% of their portfolio. Mycio Wealth Prtn Lc invested in 0.08% or 22,438 shares. Nomura Asset Mngmt Co Limited reported 0.63% in Bank of America Corporation (NYSE:BAC). Nuveen Asset Management Limited Liability Corp holds 0.43% or 2.19 million shares in its portfolio.

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. Wood maintained the stock with “Outperform” rating in Friday, April 7 report. The stock of Bank of America Corporation (NYSE:BAC) has “Neutral” rating given on Wednesday, January 11 by UBS. The company was upgraded on Thursday, February 16 by Macquarie Research. The rating was upgraded by Robert W. Baird on Tuesday, August 25 to “Neutral”. The rating was maintained by Oppenheimer with “Buy” on Monday, March 26. CLSA upgraded Bank of America Corporation (NYSE:BAC) on Friday, January 29 to “Outperform” rating. Nomura maintained the stock with “Buy” rating in Tuesday, July 18 report. The firm has “Outperform” rating by CLSA given on Friday, September 23. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by KBW on Monday, August 24. Robert W. Baird maintained the stock with “Hold” rating in Friday, September 29 report.

Moody's Corporation (NYSE:MCO) Institutional Positions Chart

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