Laurion Capital Management LP Has Decreased Stake in Bhp Billiton LTD (BHP) by $9.43 Million as Market Value Declined; Coca Cola Co Com (KO) Holder Lowe Brockenbrough & Company Cut Its Stake by $318,915

January 14, 2018 - By Marie Mckinney

Benjamin A. Smith decreased its stake in Bhp Billiton Ltd (BHP) by 92.46% based on its latest 2017Q3 regulatory filing with the SEC. Laurion Capital Management Lp sold 235,762 shares as the company’s stock declined 8.86% while stock markets rallied. The hedge fund run by Benjamin A. Smith held 19,238 shares of the precious metals company at the end of 2017Q3, valued at $780,000, down from 255,000 at the end of the previous reported quarter. Laurion Capital Management Lp who had been investing in Bhp Billiton Ltd for a number of months, seems to be less bullish one the $136.49 billion market cap company. The stock increased 2.05% or $1.02 during the last trading session, reaching $50.69. About 3.85 million shares traded or 66.99% up from the average. BHP Billiton Limited (NYSE:BHP) has risen 34.32% since January 14, 2017 and is uptrending. It has outperformed by 17.62% the S&P500.

Lowe Brockenbrough & Company Inc decreased its stake in Coca Cola Co Com (KO) by 5.68% based on its latest 2017Q3 regulatory filing with the SEC. Lowe Brockenbrough & Company Inc sold 7,087 shares as the company’s stock rose 6.48% with the market. The institutional investor held 117,780 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $5.30 million, down from 124,867 at the end of the previous reported quarter. Lowe Brockenbrough & Company Inc who had been investing in Coca Cola Co Com for a number of months, seems to be less bullish one 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.

Analysts await The Coca-Cola Company (NYSE:KO) to report earnings on February, 13 before the open. They expect $0.38 earnings per share, up 2.70% or $0.01 from last year’s $0.37 per share. KO’s profit will be $1.62 billion for 30.36 P/E if the $0.38 EPS becomes a reality. After $0.50 actual earnings per share reported by The Coca-Cola Company for the previous quarter, Wall Street now forecasts -24.00% negative EPS growth.

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. Credit Suisse upgraded The Coca-Cola Company (NYSE:KO) on Wednesday, April 19 to “Outperform” rating. The firm has “Buy” rating given on Friday, October 6 by RBC Capital Markets. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, June 7. The firm earned “Equal Weight” rating on Monday, January 9 by Barclays Capital. The stock of The Coca-Cola Company (NYSE:KO) earned “Buy” rating by Bank of America on Monday, October 9. The firm has “Hold” rating given on Monday, September 18 by Stifel Nicolaus. HSBC maintained the stock with “Buy” rating in Wednesday, September 27 report. As per Friday, February 5, the company rating was upgraded by UBS. The firm has “Outperform” rating by Credit Suisse given on Thursday, October 26. Cowen & Co maintained the stock with “Hold” rating in Thursday, July 13 report.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.14, from 0.94 in 2017Q2. It dropped, 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. Cap Intl Investors invested 2.03% of its portfolio in The Coca-Cola Company (NYSE:KO). Princeton Port Strategies Gp Ltd Liability Corp has invested 1.07% in The Coca-Cola Company (NYSE:KO). Covington Capital Mngmt invested in 173,850 shares or 0.52% of the stock. Crestpoint Capital Limited Liability owns 0.64% invested in The Coca-Cola Company (NYSE:KO) for 32,000 shares. Lakeview Capital Ptnrs Ltd Com accumulated 40,995 shares or 1.48% of the stock. Gould Asset Lc Ca has 11,053 shares. 17,506 were reported by Arvest Natl Bank Division. 190,998 were accumulated by Amica Mutual Company. Evanston Invests Incorporated Dba Evanston Advisors holds 0.05% of its portfolio in The Coca-Cola Company (NYSE:KO) for 4,447 shares. Stephens Ar invested 0.81% in The Coca-Cola Company (NYSE:KO). Badgley Phelps And Bell Inc holds 0.04% of its portfolio in The Coca-Cola Company (NYSE:KO) for 11,961 shares. Cwm Limited Co holds 7,505 shares. Swiss Bank holds 0.84% of its portfolio in The Coca-Cola Company (NYSE:KO) for 16.48M shares. Paragon Cap Management Ltd reported 0.64% in The Coca-Cola Company (NYSE:KO). Insight 2811 reported 0.15% of its portfolio in The Coca-Cola Company (NYSE:KO).

Since August 7, 2017, it had 0 buys, and 5 insider sales for $7.94 million activity. RIVERA ALFREDO also sold $1.30M worth of The Coca-Cola Company (NYSE:KO) shares. Another trade for 100,000 shares valued at $4.61M was made by SMITH BRIAN JOHN on Tuesday, August 15. 26,470 shares were sold by LONG ROBERT EDWARD, worth $1.21M on Friday, August 11. $402,235 worth of stock was sold by MANN JENNIFER K on Monday, August 7.

Lowe Brockenbrough & Company Inc, which manages about $2.04B and $651.91M US Long portfolio, upped its stake in American Tower Corp Cl A (NYSE:AMT) by 26,730 shares to 45,438 shares, valued at $6.21M in 2017Q3, according to the filing. It also increased its holding in Total S A Sponsored Adr (NYSE:TOT) by 10,295 shares in the quarter, for a total of 87,496 shares, and has risen its stake in Hormel Foods Corp. (NYSE:HRL).

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