Orbotech LTD (ORBK) Holder Ion Asset Management LTD Has Lowered Position by $2.26 Million as Stock Rose; Coca Cola Com (KO) Stock Declined While Old Mutual Global Index Trackers LTD Has Raised Holding

April 14, 2018 - By Richard Conner

Orbotech Ltd. (NASDAQ:ORBK) Logo

Old Mutual Global Index Trackers Ltd increased its stake in Coca Cola Com (KO) by 54.18% based on its latest 2017Q4 regulatory filing with the SEC. Old Mutual Global Index Trackers Ltd bought 81,100 shares as the company’s stock declined 5.92% with the market. The institutional investor held 230,778 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $10.59M, up from 149,678 at the end of the previous reported quarter. Old Mutual Global Index Trackers Ltd who had been investing in Coca Cola Com for a number of months, seems to be bullish on the $189.81 billion market cap company. The stock increased 1.09% or $0.48 during the last trading session, reaching $44.51. About 10.77M shares traded. The Coca-Cola Company (NYSE:KO) has risen 1.35% since April 14, 2017 and is uptrending. It has underperformed by 10.20% the S&P500.

Bart Baum decreased its stake in Orbotech Ltd (ORBK) by 4.61% based on its latest 2017Q4 regulatory filing with the SEC. Ion Asset Management Ltd sold 45,269 shares as the company’s stock rose 23.02% while stock markets declined. The hedge fund run by Bart Baum held 937,369 shares of the industrial machinery and components company at the end of 2017Q4, valued at $47.09 million, down from 982,638 at the end of the previous reported quarter. Ion Asset Management Ltd who had been investing in Orbotech Ltd for a number of months, seems to be less bullish one the $2.98B market cap company. The stock decreased 0.03% or $0.02 during the last trading session, reaching $61.5. About 342,294 shares traded. Orbotech Ltd. (NASDAQ:ORBK) has risen 91.25% since April 14, 2017 and is uptrending. It has outperformed by 79.70% the S&P500.

Since January 16, 2018, it had 0 insider buys, and 5 insider sales for $6.52 million activity. 84,400 shares were sold by HAYS ED, worth $4.01 million on Tuesday, January 23. 1,883 The Coca-Cola Company (NYSE:KO) shares with value of $84,735 were sold by MANN JENNIFER K. Waller Kathy N also sold $1.07M worth of The Coca-Cola Company (NYSE:KO) on Tuesday, January 16. The insider MURPHY JOHN sold 14,129 shares worth $631,572.

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.11, from 0.8 in 2017Q3. It increased, as 51 investors sold KO shares while 623 reduced holdings. 124 funds opened positions while 492 raised stakes. 2.73 billion shares or 0.05% less from 2.73 billion shares in 2017Q3 were reported. Research Management has invested 0.77% of its portfolio in The Coca-Cola Company (NYSE:KO). D Scott Neal holds 3,410 shares. Moreover, Cape Cod Five Cents Bancshares has 0.19% invested in The Coca-Cola Company (NYSE:KO). Princeton Port Strategies Grp Inc Limited Liability stated it has 87,609 shares. Old Dominion Capital Incorporated holds 0.64% of its portfolio in The Coca-Cola Company (NYSE:KO) for 14,520 shares. Hemenway Tru holds 0.16% of its portfolio in The Coca-Cola Company (NYSE:KO) for 18,454 shares. Suntrust Banks accumulated 19.87 million shares or 4.88% of the stock. Hanson Mcclain, a California-based fund reported 16,339 shares. Walter & Keenan Fincl Consulting Mi Adv holds 0.86% or 44,879 shares. Connor Clark And Lunn Invest Mgmt Limited has 850,996 shares. Fincl Advisory Ser reported 0.29% in The Coca-Cola Company (NYSE:KO). Tcw Group has 33,635 shares. Df Dent Co has 0.04% invested in The Coca-Cola Company (NYSE:KO) for 37,963 shares. First Heartland Consultants Inc has 0.11% invested in The Coca-Cola Company (NYSE:KO) for 8,300 shares. Evergreen Capital Mgmt accumulated 14,319 shares.

Among 22 analysts covering Coca-Cola (NYSE:KO), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. Coca-Cola had 75 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Wednesday, June 7 by BMO Capital Markets. Credit Suisse maintained The Coca-Cola Company (NYSE:KO) on Thursday, October 26 with “Outperform” rating. BMO Capital Markets maintained The Coca-Cola Company (NYSE:KO) rating on Monday, July 31. BMO Capital Markets has “Market Perform” rating and $46 target. On Tuesday, February 20 the stock rating was maintained by JP Morgan with “Neutral”. The firm has “Hold” rating by Stifel Nicolaus given on Monday, October 23. The rating was maintained by UBS with “Buy” on Thursday, October 22. As per Friday, October 27, the company rating was maintained by Cowen & Co. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, September 18 report. The rating was initiated by Sterne Agee CRT on Tuesday, July 21 with “Buy”. Susquehanna maintained it with “Neutral” rating and $39 target in Tuesday, March 15 report.

Analysts await Orbotech Ltd. (NASDAQ:ORBK) to report earnings on May, 2. They expect $0.71 EPS, up 69.05% or $0.29 from last year’s $0.42 per share. ORBK’s profit will be $34.40 million for 21.65 P/E if the $0.71 EPS becomes a reality. After $0.82 actual EPS reported by Orbotech Ltd. for the previous quarter, Wall Street now forecasts -13.41% negative EPS growth.

Among 10 analysts covering Orbotech (NASDAQ:ORBK), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Orbotech had 27 analyst reports since September 8, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, January 5 by Cowen & Co. On Monday, November 16 the stock rating was maintained by Needham with “Buy”. The firm earned “Buy” rating on Monday, January 22 by Lake Street. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, November 6. As per Wednesday, December 2, the company rating was maintained by Oppenheimer. The stock of Orbotech Ltd. (NASDAQ:ORBK) earned “Buy” rating by Jefferies on Monday, February 12. The rating was downgraded by Stifel Nicolaus to “Hold” on Monday, March 19. The stock of Orbotech Ltd. (NASDAQ:ORBK) earned “Buy” rating by Jefferies on Monday, September 11. Needham maintained the stock with “Buy” rating in Thursday, December 10 report. The firm has “Buy” rating by Lake Street given on Tuesday, September 8.

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

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