Glenview Capital Management Trimmed Position in Aetna New (AET) as Market Value Rose; The Coca (KO) Holder Cook & Bynum Capital Management Lowered Position

August 9, 2018 - By Matthew Medley

The Coca-Cola Company (NYSE:KO) Logo

Cook & Bynum Capital Management Llc decreased its stake in The Coca (KO) by 21.02% based on its latest 2018Q1 regulatory filing with the SEC. Cook & Bynum Capital Management Llc sold 192,390 shares as the company’s stock declined 3.70% with the market. The institutional investor held 722,810 shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $31.39M, down from 915,200 at the end of the previous reported quarter. Cook & Bynum Capital Management Llc who had been investing in The Coca for a number of months, seems to be less bullish one the $197.12B market cap company. The stock increased 0.43% or $0.2 during the last trading session, reaching $46.35. About 8.92 million shares traded. The Coca-Cola Company (NYSE:KO) has declined 6.63% since August 9, 2017 and is downtrending. It has underperformed by 19.20% the S&P500. Some Historical KO News: 30/05/2018 – Coca-Cola Co’s Africa distributor to invest $100 mln in Kenya over next 5 years; 07/03/2018 – Coca-Cola is launching the first alcoholic drink in its history with a canned liquor product in Japan; 22/05/2018 – COCA-COLA ICECEK CCOLA.IS SEES EBITDA MARGIN AT SLIGHT IMPROVEMENT ON A CONSOLIDATED BASIS FOR 2018-2020; 08/03/2018 – COCA-COLA BEVERAGES FLA. GETS $325M SR UNSEC REVOLVING CDT LINE; 12/04/2018 – MOODY’S CHANGES ARCA CONTINENTAL’S OUTLOOK TO STABLE; AFFIRMS RATINGS; 09/03/2018 – COCA-COLA CO – LARRY TANENBAUM O.C. & JUNIOR BRIDGEMAN HAVE SIGNED NON-BINDING LOI TO BUY CANADIAN BOTTLING & DISTRIBUTION BUSINESS; 15/04/2018 – S&PGR Affirms Coca-Cola Amatil ‘BBB+’ Rtgs; Otlk Stable; 22/05/2018 – COCA-COLA ICECEK CCOLA.IS SEES NET DEBT/ EBITDA AT LOWER THAN 1.5X FOR 2018-2020; 24/04/2018 – Coca-Cola attributes its strong first-quarter earnings to bold bets it has taken; 30/03/2018 – COCA-COLA’S OUTLOOK CHANGED TO NEGATIVE BY MOODY’S

Glenview Capital Management Llc decreased its stake in Aetna Inc New (AET) by 1.23% based on its latest 2018Q1 regulatory filing with the SEC. Glenview Capital Management Llc sold 35,243 shares as the company’s stock rose 1.59% while stock markets declined. The hedge fund held 2.83 million shares of the medical specialities company at the end of 2018Q1, valued at $478.98 million, down from 2.87 million at the end of the previous reported quarter. Glenview Capital Management Llc who had been investing in Aetna Inc New for a number of months, seems to be less bullish one the $63.39 billion market cap company. The stock increased 0.08% or $0.15 during the last trading session, reaching $193.78. About 2.10 million shares traded or 10.02% up from the average. Aetna Inc. (NYSE:AET) has risen 22.94% since August 9, 2017 and is uptrending. It has outperformed by 10.37% the S&P500. Some Historical AET News: 13/04/2018 – MEDIA-CVS MinuteClinics hires new chief medical officer in the midst of buying Aetna – CNBC; 15/05/2018 – PAULSON BOOSTED DISCK, VIAB, COL, AET, TWX IN 1Q: 13F; 04/04/2018 – Clio Health Appoints Steve Dailey as CEO to Drive a Patient-Centric Health and Wellness Experience; 27/03/2018 – Aetna to Provide Pharmacy Rebates at Time of Sale, Encourages Transparency from Drug Manufacturers; 24/04/2018 – EXPRESS SCRIPTS SAYS IT ALSO SEEKS REFUND IF NEW MIGRAINE DRUGS DON’T WORK, CAUSE MAJOR SIDE EFFECTS; 18/05/2018 – Aetna Board of Directors Declares Quarterly Cash Dividend; 01/05/2018 – Aetna 1Q Health-Care Medical Benefit Ratio 80.4%; 02/04/2018 – U.S. govt sets 3.40 pct hike in 2019 payments to Medicare insurers; 20/03/2018 – Fitch Maintains Aetna on Rating Watch Negative; 27/03/2018 – Aetna: Greater Transparency Needed Throughout Pharmaceutical Supply Chain

More news for Aetna Inc. (NYSE:AET) were recently published by: Fool.com, which released: “Why Carl Icahn Is Long Cigna and Short Express Scripts” on August 08, 2018. Themiddlemarket.com‘s article titled: “M&A wrap: TH Lee, Dun & Bradstreet, Rite Aid, Albertsons, Cerberus, private equity fundraising” and published on August 09, 2018 is yet another important article.

Analysts await Aetna Inc. (NYSE:AET) to report earnings on October, 30. They expect $2.85 earnings per share, up 16.33% or $0.40 from last year’s $2.45 per share. AET’s profit will be $932.23 million for 17.00 P/E if the $2.85 EPS becomes a reality. After $3.43 actual earnings per share reported by Aetna Inc. for the previous quarter, Wall Street now forecasts -16.91% negative EPS growth.

Among 24 analysts covering Aetna (NYSE:AET), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Aetna had 76 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was initiated by Credit Suisse with “Hold” on Friday, November 3. The company was maintained on Tuesday, January 30 by Jefferies. On Friday, October 27 the stock rating was downgraded by Cantor Fitzgerald to “Neutral”. The company was initiated on Wednesday, January 4 by Piper Jaffray. The stock of Aetna Inc. (NYSE:AET) earned “Neutral” rating by Cleveland on Friday, April 8. The rating was maintained by Piper Jaffray with “Hold” on Monday, October 23. Piper Jaffray maintained it with “Hold” rating and $17000 target in Thursday, August 3 report. The stock has “Hold” rating by Jefferies on Thursday, August 3. The rating was downgraded by Argus Research on Wednesday, December 6 to “Hold”. Bernstein initiated Aetna Inc. (NYSE:AET) on Thursday, June 16 with “Outperform” rating.

Glenview Capital Management Llc, which manages about $13.95B and $17.10 billion US Long portfolio, upped its stake in Williams Cos Inc Del (NYSE:WMB) by 250,114 shares to 10.40 million shares, valued at $258.53M in 2018Q1, according to the filing. It also increased its holding in Shire Plc (NASDAQ:SHPG) by 263,074 shares in the quarter, for a total of 6.00 million shares, and has risen its stake in Mckesson Corp (NYSE:MCK).

Investors sentiment decreased to 0.68 in Q1 2018. Its down 0.15, from 0.83 in 2017Q4. It dropped, as 83 investors sold AET shares while 335 reduced holdings. 78 funds opened positions while 208 raised stakes. 269.52 million shares or 2.24% less from 275.71 million shares in 2017Q4 were reported. Panagora Asset Mgmt holds 208,788 shares or 0.14% of its portfolio. 1,259 are held by Profit Inv Limited Co. Moreover, Private Advisor Group Limited Liability Corporation has 0.03% invested in Aetna Inc. (NYSE:AET). Lowe Brockenbrough And accumulated 56,000 shares or 1.4% of the stock. Montag A & has invested 0.02% in Aetna Inc. (NYSE:AET). Bridges Invest holds 9,975 shares or 0.08% of its portfolio. 3,542 were reported by Impax Asset Lc. Diamond Hill Cap accumulated 1.72M shares or 1.48% of the stock. Riggs Asset Managment stated it has 0% in Aetna Inc. (NYSE:AET). Profund Ltd Llc owns 10,926 shares. S Muoio And Limited Liability Company has invested 0.55% in Aetna Inc. (NYSE:AET). Exxonmobil Invest Incorporated Tx holds 0.24% of its portfolio in Aetna Inc. (NYSE:AET) for 50,052 shares. Phocas Corp holds 1,200 shares. Towerview Ltd Liability Corp holds 0.4% or 5,000 shares. Bluefin Trading Limited Liability Com reported 3.01% of its portfolio in Aetna Inc. (NYSE:AET).

Among 22 analysts covering Coca-Cola (NYSE:KO), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Coca-Cola had 78 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of The Coca-Cola Company (NYSE:KO) earned “Neutral” rating by JP Morgan on Tuesday, February 20. Barclays Capital initiated it with “Equal Weight” rating and $102 target in Monday, January 9 report. Jefferies maintained The Coca-Cola Company (NYSE:KO) on Tuesday, September 5 with “Hold” rating. As per Monday, September 18, the company rating was maintained by Stifel Nicolaus. BMO Capital Markets downgraded the stock to “Market Perform” rating in Wednesday, June 7 report. The company was maintained on Tuesday, September 5 by RBC Capital Markets. The rating was maintained by Citigroup with “Buy” on Thursday, May 17. The rating was downgraded by Jefferies on Tuesday, March 27 to “Hold”. The stock of The Coca-Cola Company (NYSE:KO) earned “Hold” rating by Jefferies on Tuesday, June 20. On Wednesday, July 12 the stock rating was maintained by BMO Capital Markets with “Hold”.

Investors sentiment decreased to 0.69 in 2018 Q1. Its down 0.22, from 0.91 in 2017Q4. It fall, as 74 investors sold KO shares while 684 reduced holdings. 104 funds opened positions while 416 raised stakes. 2.72 billion shares or 0.06% less from 2.73 billion shares in 2017Q4 were reported. Wellington Mngmt Llp reported 42.39 million shares. Fin Engines Advsr Limited Liability has invested 0% in The Coca-Cola Company (NYSE:KO). Alliancebernstein Lp stated it has 6.21M shares or 0.19% of all its holdings. Kingfisher Cap Llc has invested 0.62% in The Coca-Cola Company (NYSE:KO). Gulf Intl Bancshares (Uk) owns 1.28M shares. Sns Gru has invested 0.07% in The Coca-Cola Company (NYSE:KO). Greatmark Inv Prtn accumulated 144,876 shares or 2.29% of the stock. Old Natl State Bank In owns 122,285 shares. Bowen Hanes & owns 217,900 shares or 0.44% of their US portfolio. Birmingham Cap Mgmt Al accumulated 111,189 shares or 2% of the stock. Old Point & Fincl Serv N A reported 58,186 shares or 1.43% of all its holdings. Wms Partners Limited Liability Company accumulated 37,176 shares. Buckingham Asset Ltd Liability Corporation holds 33,849 shares. Korea Corporation stated it has 0.52% of its portfolio in The Coca-Cola Company (NYSE:KO). Davenport Ltd Liability accumulated 0% or 1.33M shares.

Since March 12, 2018, it had 0 insider purchases, and 3 insider sales for $3.32 million activity. $84,735 worth of The Coca-Cola Company (NYSE:KO) was sold by MANN JENNIFER K on Monday, March 12.

The Coca-Cola Company (NYSE:KO) Institutional Positions Chart

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