Choate Investment Advisors Has Boosted Coca Cola Co (KO) Stake by $23.63 Million; Valuation Rose; Praxair (PX) Shareholder Btg Pactual Global Asset Management LTD Upped Its Position by $11.12 Million

January 14, 2018 - By Evgen Dobrzhanskiy

Btg Pactual Global Asset Management Ltd increased its stake in Praxair Inc (PX) by 160% based on its latest 2017Q3 regulatory filing with the SEC. Btg Pactual Global Asset Management Ltd bought 80,000 shares as the company’s stock rose 10.06% with the market. The institutional investor held 130,000 shares of the basic industries company at the end of 2017Q3, valued at $18.17 million, up from 50,000 at the end of the previous reported quarter. Btg Pactual Global Asset Management Ltd who had been investing in Praxair Inc for a number of months, seems to be bullish on the $47.00 billion market cap company. The stock increased 0.21% or $0.34 during the last trading session, reaching $164.15. About 2.64M shares traded or 58.01% up from the average. Praxair, Inc. (NYSE:PX) has risen 17.42% since January 14, 2017 and is uptrending. It has outperformed by 0.72% the S&P500.

Choate Investment Advisors increased its stake in Coca Cola Co (KO) by 0.92% based on its latest 2017Q3 regulatory filing with the SEC. Choate Investment Advisors bought 525 shares as the company’s stock rose 6.48% with the market. The institutional investor held 57,501 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $2.59 billion, up from 56,976 at the end of the previous reported quarter. Choate Investment Advisors who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $196.63B market cap company. The stock increased 0.24% or $0.11 during the last trading session, reaching $46.15. About 14.57 million shares traded or 43.01% up from the average. The Coca-Cola Company (NYSE:KO) has declined 0.95% since January 14, 2017 and is downtrending. It has underperformed by 17.65% the S&P500.

Choate Investment Advisors, which manages about $3.44 billion and $1850.04B US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 658 shares to 92,378 shares, valued at $12.01B in 2017Q3, according to the filing. It also reduced its holding in Nextera Energy Inc (NYSE:NEE) by 2,122 shares in the quarter, leaving it with 9,064 shares, and cut its stake in Spdr S&P Dividend Etf (SDY).

Since August 7, 2017, it had 0 buys, and 5 selling transactions for $7.94 million activity. Waller Kathy N also sold $409,733 worth of The Coca-Cola Company (NYSE:KO) on Thursday, August 10. LONG ROBERT EDWARD sold $1.21 million worth of The Coca-Cola Company (NYSE:KO) on Friday, August 11. 28,232 shares were sold by RIVERA ALFREDO, worth $1.30M on Wednesday, August 16. On Tuesday, August 15 the insider SMITH BRIAN JOHN sold $4.61 million.

Among 21 analysts covering Coca-Cola (NYSE:KO), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Coca-Cola had 68 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus upgraded the shares of KO in report on Tuesday, January 12 to “Buy” rating. The firm has “Neutral” rating given on Friday, February 5 by Susquehanna. As per Friday, December 16, the company rating was downgraded by Morgan Stanley. The company was maintained on Tuesday, September 5 by RBC Capital Markets. The stock has “Outperform” rating by Wells Fargo on Tuesday, November 14. The stock of The Coca-Cola Company (NYSE:KO) has “Buy” rating given on Friday, August 28 by Vetr. The firm has “Hold” rating by Jefferies given on Tuesday, September 5. The firm has “Buy” rating given on Thursday, April 21 by Citigroup. BMO Capital Markets maintained The Coca-Cola Company (NYSE:KO) rating on Thursday, March 23. BMO Capital Markets has “Buy” rating and $45 target. The firm earned “Buy” rating on Thursday, April 21 by UBS.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.14, from 0.94 in 2017Q2. It turned negative, as 48 investors sold KO shares while 641 reduced holdings. 94 funds opened positions while 456 raised stakes. 2.73 billion shares or 0.93% more from 2.70 billion shares in 2017Q2 were reported. Pennsylvania-based Coho Prtnrs Ltd has invested 0.44% in The Coca-Cola Company (NYSE:KO). 13,441 were reported by Hourglass Capital Limited Liability Com. Pinnacle Wealth Management Advisory Grp Inc Ltd Llc reported 6,561 shares. Pekin Singer Strauss Asset Mgmt Il reported 18,537 shares. Excalibur reported 2.19% stake. Next Gru reported 36,284 shares or 0.47% of all its holdings. Fulton Breakefield Broenniman Ltd Com invested 0.13% of its portfolio in The Coca-Cola Company (NYSE:KO). Illinois-based Castleark Management Limited Liability has invested 0.01% in The Coca-Cola Company (NYSE:KO). 9,150 were reported by Bar Harbor Tru. Moreover, Banque Pictet And Cie has 0.08% invested in The Coca-Cola Company (NYSE:KO) for 76,900 shares. Ontario – Canada-based Td Asset Mngmt has invested 0.38% in The Coca-Cola Company (NYSE:KO). 29,500 are owned by Private Wealth Partners Llc. 9,551 were accumulated by Assetmark Incorporated. Overbrook Mngmt Corp accumulated 16,503 shares. Mcrae Capital Mngmt holds 0.1% or 5,077 shares in its portfolio.

Among 21 analysts covering Praxair (NYSE:PX), 11 have Buy rating, 3 Sell and 7 Hold. Therefore 52% are positive. Praxair had 44 analyst reports since August 12, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, November 2 report. On Wednesday, June 21 the stock rating was maintained by Jefferies with “Buy”. The stock has “Hold” rating by KeyBanc Capital Markets on Friday, September 1. The firm earned “Buy” rating on Thursday, October 26 by SunTrust. The firm has “Buy” rating given on Monday, October 30 by Citigroup. Deutsche Bank maintained it with “Hold” rating and $13000 target in Friday, June 2 report. CLSA maintained Praxair, Inc. (NYSE:PX) rating on Tuesday, August 2. CLSA has “Outperform” rating and $125 target. On Monday, April 4 the stock rating was downgraded by Deutsche Bank to “Hold”. SunTrust maintained the shares of PX in report on Tuesday, December 19 with “Buy” rating. Jefferies maintained the shares of PX in report on Thursday, July 6 with “Buy” rating.

Investors sentiment increased to 1.08 in 2017 Q3. Its up 0.18, from 0.9 in 2017Q2. It improved, as 39 investors sold PX shares while 277 reduced holdings. 83 funds opened positions while 258 raised stakes. 235.36 million shares or 0.26% less from 235.97 million shares in 2017Q2 were reported. Nelson Roberts Investment Advsr Ltd Llc has invested 2% in Praxair, Inc. (NYSE:PX). Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.13% invested in Praxair, Inc. (NYSE:PX) for 22,838 shares. Webster Fincl Bank N A accumulated 2,648 shares. Bradley Foster Sargent Ct reported 13,209 shares. 5,486 were reported by Livforsakringsbolaget Skandia Omsesidigt. Kanawha Mgmt Ltd Liability Corporation accumulated 2,210 shares. The Massachusetts-based Penobscot Management has invested 0.15% in Praxair, Inc. (NYSE:PX). Trust Of Oklahoma has 1,500 shares for 0.1% of their portfolio. North Mngmt invested in 2,940 shares or 0.06% of the stock. Numeric Invsts Lc accumulated 0.05% or 42,800 shares. Prudential Public Limited holds 0% of its portfolio in Praxair, Inc. (NYSE:PX) for 1,639 shares. Thompson Davis And Inc has 0% invested in Praxair, Inc. (NYSE:PX). Sumitomo Mitsui Tru has invested 0.16% in Praxair, Inc. (NYSE:PX). Cohen Mngmt holds 0.06% or 1,850 shares in its portfolio. Peoples Fincl Services owns 0.01% invested in Praxair, Inc. (NYSE:PX) for 100 shares.

Btg Pactual Global Asset Management Ltd, which manages about $313.47M US Long portfolio, decreased its stake in Alphabet Inc by 6,581 shares to 9,579 shares, valued at $9.33 million in 2017Q3, according to the filing. It also reduced its holding in Altaba Inc by 228,010 shares in the quarter, leaving it with 118,845 shares, and cut its stake in Sherwin Williams Co (NYSE:SHW).

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