Boston Private Wealth LLC Sells 15,931 Shares of Coca-Cola Company (The) (KO)

Boston Private Wealth LLC lowered its position in shares of Coca-Cola Company (The) (NYSE:KO) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 399,534 shares of the company’s stock after selling 15,931 shares during the quarter. Boston Private Wealth LLC’s holdings in Coca-Cola Company (The) were worth $17,919,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC lifted its position in Coca-Cola Company (The) by 5.0% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after buying an additional 129 shares during the period. Meeder Asset Management Inc. raised its position in shares of Coca-Cola Company (The) by 59.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock worth $124,000 after purchasing an additional 1,026 shares during the last quarter. Perkins Coie Trust Co raised its position in shares of Coca-Cola Company (The) by 21.9% in the 2nd quarter. Perkins Coie Trust Co now owns 3,180 shares of the company’s stock worth $143,000 after purchasing an additional 572 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of Coca-Cola Company (The) by 8.6% in the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock worth $141,000 after purchasing an additional 264 shares during the last quarter. Finally, Welch Investments LLC raised its position in shares of Coca-Cola Company (The) by 26.5% in the 1st quarter. Welch Investments LLC now owns 3,497 shares of the company’s stock worth $148,000 after purchasing an additional 733 shares during the last quarter. 64.92% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Company (KO) opened at $47.43 on Wednesday. The stock has a market capitalization of $199,058.36, a P/E ratio of 24.72, a P/E/G ratio of 3.96 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39. Coca-Cola Company has a 52 week low of $39.88 and a 52 week high of $47.48.

Coca-Cola Company (The) (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The company had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $8.73 billion. Coca-Cola Company (The) had a return on equity of 36.21% and a net margin of 12.20%. The firm’s revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. research analysts predict that Coca-Cola Company will post 1.9 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.12%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is presently 140.95%.

In related news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the completion of the transaction, the insider now directly owns 320,013 shares in the company, valued at approximately $14,749,399.17. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.51% of the company’s stock.

KO has been the subject of several recent analyst reports. Barclays PLC set a $45.00 price target on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Wednesday, July 19th. Jefferies Group LLC set a $47.00 price target on Coca-Cola Company (The) and gave the stock a “neutral” rating in a research report on Friday, October 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $49.00 price target on shares of Coca-Cola Company (The) in a research report on Wednesday, September 6th. Citigroup Inc. set a $53.00 price target on Coca-Cola Company (The) and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, UBS AG lifted their price target on Coca-Cola Company (The) from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $47.50.

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About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

Institutional Ownership by Quarter for Coca-Cola Company (The) (NYSE:KO)

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