Wealthfront Upped Philip Morris I (PM) Position; Mengis Capital Management Boosted Its Bank Of America Com (BAC) Stake

December 17, 2017 - By Henry Gaston

Mengis Capital Management Inc increased Bank Of America Corp Com (BAC) stake by 20.5% reported in 2017Q2 SEC filing. Mengis Capital Management Inc acquired 20,630 shares as Bank Of America Corp Com (BAC)’s stock declined 6.00%. The Mengis Capital Management Inc holds 121,280 shares with $2.94 million value, up from 100,650 last quarter. Bank Of America Corp Com now has $302.91 billion valuation. The stock increased 1.08% or $0.31 during the last trading session, reaching $29.04. About 129.86M shares traded or 92.13% up from the average. Bank of America Corporation (NYSE:BAC) has risen 58.64% since December 17, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Wealthfront Inc increased Philip Morris I (PM) stake by 12.57% reported in 2017Q2 SEC filing. Wealthfront Inc acquired 5,412 shares as Philip Morris I (PM)’s stock rose 10.69%. The Wealthfront Inc holds 48,483 shares with $5.69 million value, up from 43,071 last quarter. Philip Morris I now has $170.36B valuation. The stock increased 1.86% or $2 during the last trading session, reaching $109.68. About 11.08 million shares traded or 162.96% up from the average. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since December 17, 2016 and is uptrending. It has underperformed by 0.05% the S&P500.

Among 31 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 10 Hold. Therefore 68% are positive. Bank of America had 97 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, June 6 by Keefe Bruyette & Woods. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Wednesday, April 12. BMO Capital Markets has “Hold” rating and $21 target. As per Wednesday, December 6, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Wednesday, April 5. RBC Capital Markets maintained the shares of BAC in report on Friday, October 6 with “Buy” rating. The firm earned “Buy” rating on Tuesday, September 1 by Bernstein. The firm has “Outperform” rating given on Thursday, February 16 by Macquarie Research. Sandler O’Neill upgraded the stock to “Buy” rating in Wednesday, January 20 report. As per Friday, August 25, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating given on Tuesday, December 5 by Raymond James.

Investors sentiment decreased to 1.04 in 2017 Q2. Its down 0.08, from 1.12 in 2017Q1. It worsened, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. 6.34 billion shares or 0.73% less from 6.39 billion shares in 2017Q1 were reported. Hawkins Capital LP reported 330,000 shares or 2.77% of all its holdings. Oarsman Cap stated it has 1.04% in Bank of America Corporation (NYSE:BAC). Endurance Wealth Mngmt Inc invested 2.03% in Bank of America Corporation (NYSE:BAC). Sonata Capital Grp Inc reported 8,598 shares stake. 412,500 are held by Continental Advsrs Limited Company. Pzena Investment Management Limited has invested 2.72% in Bank of America Corporation (NYSE:BAC). Vanguard has invested 0.79% in Bank of America Corporation (NYSE:BAC). Regions Fin accumulated 746,128 shares. Midwest Ltd Limited Liability Company holds 0.3% or 14,738 shares in its portfolio. Sii Inc Wi has invested 0.08% in Bank of America Corporation (NYSE:BAC). Anderson Hoagland, a Missouri-based fund reported 247,259 shares. Boltwood reported 11,262 shares. River Mercantile Asset Llp has 2.2% invested in Bank of America Corporation (NYSE:BAC). Ar Asset has invested 0.56% in Bank of America Corporation (NYSE:BAC). M&R Management stated it has 40,159 shares or 0.24% of all its holdings.

Since August 10, 2017, it had 0 buys, and 1 sale for $2.10 million activity. The insider BRAMBLE FRANK P sold $2.10M.

Among 19 analysts covering Philip Morris International (NYSE:PM), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Philip Morris International had 47 analyst reports since August 24, 2015 according to SRatingsIntel. Goldman Sachs maintained it with “Buy” rating and $116 target in Monday, October 3 report. The firm has “Neutral” rating by JP Morgan given on Tuesday, April 19. The stock of Philip Morris International Inc. (NYSE:PM) has “Hold” rating given on Tuesday, June 20 by Jefferies. On Monday, August 24 the stock rating was upgraded by Vetr to “Buy”. The rating was initiated by Citigroup on Tuesday, September 13 with “Neutral”. The stock of Philip Morris International Inc. (NYSE:PM) has “Hold” rating given on Friday, August 11 by SBG Securities. The firm has “Buy” rating given on Friday, August 18 by Piper Jaffray. The company was maintained on Thursday, October 12 by Jefferies. The rating was upgraded by Goldman Sachs on Thursday, September 28 to “Buy”. Goldman Sachs maintained Philip Morris International Inc. (NYSE:PM) rating on Wednesday, April 20. Goldman Sachs has “Neutral” rating and $101 target.

Wealthfront Inc decreased Schlumberger Ltd (NYSE:SLB) stake by 14,826 shares to 19,251 valued at $1.27M in 2017Q2. It also reduced General Electri (NYSE:GE) stake by 73,734 shares and now owns 188,841 shares. Intel Corp (NASDAQ:INTC) was reduced too.

Since August 30, 2017, it had 0 insider purchases, and 2 sales for $13.44 million activity. Shares for $1.62 million were sold by Azinovic Drago. CAMILLERI LOUIS C also sold $11.81 million worth of Philip Morris International Inc. (NYSE:PM) on Tuesday, October 24.