Blue Edge Capital LLC Cuts Holdings in Wells Fargo

Lloyd Doyle
May 17, 2018

Sawgrass Asset Management Llc who had been investing in Mcdonalds Corp Com for a number of months, seems to be less bullish one the $127.40 billion market cap company. The firm has "Hold" rating given on Sunday, February 4 by Susquehanna. The company's stock had a trading volume of 14,990,893 shares, compared to its average volume of 21,994,592. About 8.95M shares traded. It has underperformed by 26.00% the S&P500.

Teachers Advisors LLC decreased its holdings in shares of Wells Fargo (NYSE:WFC) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor is holding 227,687 shares, compared to the 153,176 from the previous quarter. The business had revenue of $1.45 billion for the quarter. research analysts predict that Wells Fargo will post 6.6 earnings per share for the current fiscal year. The stock closing price is now trading upward to its 50 day moving average with change of 2.45%, escalated to its 20 day moving average with figure of 4.09% and behind its 200 day moving average with value -1.91%. The target implies a 111.48% spike from where the shares are now trading.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Bizjournals.com which released: "Wells Fargo launches program to boost NM homeownership" on May 16, 2018, also Seekingalpha.com with their article: "Wells Fargo: Where Is The Upside?" published on May 03, 2018, Bizjournals.com published: "Wells Fargo taps JPMorgan Chase exec as chief risk officer" on May 07, 2018. The stock underperformed the S&P500 by 19.30%. Jefferies maintained Wells Fargo & Company (NYSE:WFC) on Thursday, February 8 with "Hold" rating. Therefore 54% are positive. Morgan Stanley reduced their price target on shares of Wells Fargo from $64.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, April 16th. Barclays Capital maintained the stock with "Overweight" rating in Monday, April 16 report. And the announced value of the major banks company is $13.81 million for the 2017Q4. The firm earned "Buy" rating on Wednesday, January 31 by Bernstein. The stock rating was maintained by BMO Capital Markets with "Hold" on Sunday, February 4. 823,277 shares were bought by Edgepoint Investment Group Inc as the company's stock declined 16.98% with the market. Robert W. Baird maintained the shares of MCD in report on Monday, June 5 with "Buy" rating. On Wednesday, April 4 the firm earned "Hold" rating by Keefe Bruyette & Woods. WFC has 12.81 million shares volume. Heritage Way Advisors LLC lifted its position in Wells Fargo by 69.2% during the fourth quarter. Spdr S&P 500 Etf @ (SPY) was raised too.

Wells Fargo declared that its board has approved a stock buyback program on Tuesday, January 23rd that authorizes the company to repurchase 350,000,000 outstanding shares. During the last month, the stock has changed 44.32% and performed -7.29% over the last 6 months. WFC's profit will be $5.46 billion for 12.21 P/E if the $1.12 EPS becomes a reality. Institutional investors and hedge funds own 0.36% of the company's stock.


During 2017 Q4 the big money sentiment increased to 0.75. That's up 0.02, from 2017Q3's 0.73.

Several equities analysts have commented on WFC shares. 138 funds opened positions while 466 raised stakes. Proshare Advsrs Limited Liability Com stated it has 1.35M shares. Northstar Invest Advisors Ltd Liability Corp holds 0.12% or 10,721 shares. Glob Endowment Mngmt Lp accumulated 66,500 shares. Miles Cap holds 0.12% of its portfolio in McDonald's Corporation (NYSE:MCD) for 1,182 shares. Funds hold 3.64 billion shares thus 0.11% less from 2017Q3's 3.65 billion shares. Rathbone Brothers Public Limited Co has invested 0.15% of its portfolio in Wells Fargo & Company (NYSE:WFC). The Pennsylvania-based Lehman has invested 0.21% in Wells Fargo & Company (NYSE:WFC). Frontier Investment Com holds 2.65% or 523,311 shares.

Total analysts of 24 have positions in Wells Fargo (NYSE:WFC) as follows: 13 rated it a "Buy", 4 with "Sell" and 7 with "Hold". In Monday, February 5 report Citigroup downgraded it to "Hold" rating and $65.0 target. The firm has "Underperform" rating given on Thursday, May 11 by Credit Suisse. Longbow initiated the shares of MCD in report on Friday, March 18 with "Neutral" rating. The stock has "Outperform" rating by Macquarie Research on Friday, May 26.

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