Wells Fargo & Co (WFC) Shareholder Dodge & Cox Lifted Holding
- Author: Zachary Reyes Jun 07, 2017,
Jun 07, 2017, 21:46
Also, Director Stephen W. Sanger bought 58,342 shares of the stock in a transaction that occurred on Monday, April 17th. Rodgers Brothers, Pennsylvania-based fund reported 7,708 shares.
Wells Fargo generated a return on investment of 7.90% in past 12 months and return on equity of 11.50% for similar period. It has underperformed by 7.03% the S&P500. Camber Capital Management Llc sold 500,000 shares as Cardiovascular Systems Inc (CSII)'s stock rose 7.88%. Lilly Eli & Co Com now has $87.15B valuation. Callaway Golf Co (NYSE:ELY) has risen 39.56% since June 7, 2016 and is uptrending. The stock exchanged hands 14.87 Million shares versus average trading capacity of 18.78 Million shares, yielding a market cap of $260.26 Billion. About shares traded. General Dynamics Corporation (NYSE:GD) has risen 36.41% since June 7, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. Dodge & Cox who had been investing in Wells Fargo & Co for a number of months, seems to be bullish on the $259.36 billion market cap company. For the next financial year, analysts expect that the business will post earnings of $4.52 per share, with EPS estimates ranging from $4.18 to $5.20. Northeast Investment Management reported 206,579 shares stake.
Investors of record on Friday, May 5th were paid a $0.38 dividend. Its up 0.09, from 1.13 in 2016Q3. It is negative, as 112 investors sold WFC shares while 836 reduced holdings.
Several other hedge funds also recently made changes to their positions in WFC. Denver Investment Advsrs Ltd Co invested in 29,525 shares. Dodge & Cox bought 4.31M shares as the company's stock declined 8.66% while stock markets rallied. Finally, Orbis Allan Gray Ltd acquired a new stake in shares of Wells Fargo & Co during the third quarter valued at $235,404,000. 1,100 were accumulated by Patten Grp. Wall Street Access Asset Management Ltd owns 6,850 shares or 0.21% of their U.S. portfolio.
Scopus Asset Management Lp increased Costco Whsl Corp New (NASDAQ:COST) stake by 195,812 shares to 595,812 valued at $95.40M in 2016Q4. Hemenway Tru Limited Liability Com has invested 0.04% in Wells Fargo & Co (NYSE:WFC).
In the transaction dated April. 17, 2017, the great number of shares acquired came courtesy the CEO & President; SLOAN TIMOTHY J added a total of 39,000 shares at an average price of $51.65, amounting to approximately $2,014,350. Comerica Bank & Trust holds 0.14% or 100,951 shares in its portfolio. Duquesne Family Office Limited Liability Corporation holds 5.16% or 960,400 shares in its portfolio. Douglass Winthrop Advisors Limited Liability Corp reported 29,459 shares or 0.11% of all its holdings. Profund Llc holds 285,341 shares or 0.72% of its portfolio. Spot Trading accumulated 0.01% or 15,498 shares. 141,712 are held by Qvt L P. Hancock Communication owns 0.01% invested in Wells Fargo & Co (NYSE:WFC) for 6,581 shares.
Since March 3, 2017, it had 1 buying transaction, and 3 selling transactions for $391.42 million activity.
More notable recent Wells Fargo & Co (NYSE:WFC) news were published by: Reuters.com which released: "MOVES-Wells Fargo names new co-heads for securities division" on June 05, 2017, also Reuters.com with their article: "Wells Fargo doubles cost-cut goal but offers soft revenue outlook" published on May 11, 2017, Seekingalpha.com published: "Warren Buffett Stocks In Focus: Wells Fargo" on May 26, 2017. Insiders have acquired a total of 106,392 shares of company stock worth $5,526,822 over the last 90 days. The insider BERKSHIRE HATHAWAY INC sold $383.92 million. Franklin Resource accumulated 42.90 million shares or 1.22% of the stock. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 43% are positive. Imperial Capital initiated Callaway Golf Co (NYSE:ELY) on Tuesday, March 15 with "Outperform" rating. The stock of Wells Fargo & Co (NYSE:WFC) has "Overweight" rating given on Friday, October 9 by JP Morgan. On Tuesday, October 4 the stock rating was downgraded by Raymond James to "Underperform". As per Tuesday, September 8, the company rating was upgraded by Deutsche Bank. Rafferty downgraded Wells Fargo & Co (NYSE:WFC) on Wednesday, April 12 to "Sell" rating. 20,000 shares were sold by Loughlin Michael J, worth $1.04 million. Zakrowski Donald A sold 1,000 shares worth $72,130. Barra Mary T sold $1.85 million worth of stock. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Investors sentiment increased to 1.22 in Q4 2016. It is positive, as 115 investors sold MDT shares while 468 reduced holdings. 61 funds opened positions while 132 raised stakes. 261.05 million shares or 0.73% less from 262.97 million shares in 2016Q3 were reported. Cqs Cayman Limited Partnership reported 0.04% of its portfolio in YPF SA (ADR) (NYSE:YPF). S&T Commercial Bank Pa has 0.33% invested in Wells Fargo & Co (NYSE:WFC) for 37,498 shares. Tokio Marine Asset Mngmt Com Limited reported 0.03% of its portfolio in Ameren Corp (NYSE:AEE). (NYSE:NOC) by 1,518 shares to 4,117 shares, valued at $957,000 in 2016Q4, according to the filing. FIL Ltd now owns 8,182,986 shares of the financial services provider's stock valued at $450,964,000 after buying an additional 5,706,977 shares during the period. The Illinois-based First Amer Bancorporation has invested 0.33% in Eli Lilly and Co (NYSE:LLY). Thrivent For Lutherans invested in 172,468 shares. Jennison Associate Ltd Co accumulated 220,606 shares. Arrow Fin holds 5,605 shares or 0.1% of its portfolio. Lmr Partners Llp owns 4,181 shares for 0.05% of their portfolio.
Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on July, 21. They expect $1.03 earnings per share, up 19.77% or $0.17 from last year's $0.86 per share.