Baltimore-Washington Financial Advisors Has Trimmed Stake in Wells Fargo & Co Com (WFC) as Stock Value Declined; Bell State Bank & Trust Has Decreased Its Boeing Co (BA) Position by $994,410 as Shares Rose

January 21, 2018 - By Clifton Ray

Baltimore-Washington Financial Advisors Inc decreased its stake in Wells Fargo & Co Com (WFC) by 94.79% based on its latest 2017Q3 regulatory filing with the SEC. Baltimore-Washington Financial Advisors Inc sold 141,576 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 7,775 shares of the major banks company at the end of 2017Q3, valued at $429,000, down from 149,351 at the end of the previous reported quarter. Baltimore-Washington Financial Advisors Inc who had been investing in Wells Fargo & Co Com for a number of months, seems to be less bullish one the $316.24 billion market cap company. The stock increased 0.42% or $0.27 during the last trading session, reaching $64.22. About 16.52M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 21, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Bell State Bank & Trust decreased its stake in Boeing Co (BA) by 33.32% based on its latest 2017Q3 regulatory filing with the SEC. Bell State Bank & Trust sold 3,915 shares as the company’s stock rose 4.66% with the market. The institutional investor held 7,836 shares of the aerospace company at the end of 2017Q3, valued at $1.99 million, down from 11,751 at the end of the previous reported quarter. Bell State Bank & Trust who had been investing in Boeing Co for a number of months, seems to be less bullish one the $201.15B market cap company. The stock decreased 0.71% or $2.43 during the last trading session, reaching $337.73. About 7.26 million shares traded or 90.47% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since January 21, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Baltimore-Washington Financial Advisors Inc, which manages about $451.99M and $440.32 million US Long portfolio, upped its stake in Visa Inc Class A (NYSE:V) by 4,718 shares to 84,290 shares, valued at $8.87 million in 2017Q3, according to the filing. It also increased its holding in Alibaba Group Hldg Ltd Adr (NYSE:BABA) by 5,618 shares in the quarter, for a total of 41,264 shares, and has risen its stake in Guggenheim S&P 500 Eq Wgt Technology Etf (RYT).

Among 36 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 5 Sell and 14 Hold. Therefore 47% are positive. Wells Fargo & Company had 118 analyst reports since July 29, 2015 according to SRatingsIntel. On Friday, April 28 the stock rating was maintained by Vining Sparks with “Strong-Buy”. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by Berenberg on Wednesday, July 13. The firm has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The company was upgraded on Monday, October 10 by UBS. The firm has “Buy” rating by Robert W. Baird given on Friday, November 10. The stock has “Buy” rating by RBC Capital Markets on Monday, November 13. Keefe Bruyette & Woods maintained Wells Fargo & Company (NYSE:WFC) rating on Thursday, June 22. Keefe Bruyette & Woods has “Buy” rating and $6200 target. As per Monday, October 17, the company rating was downgraded by Keefe Bruyette & Woods. FBR Capital downgraded it to “Mkt Perform” rating and $45 target in Wednesday, October 19 report. On Friday, October 6 the stock rating was maintained by BMO Capital Markets with “Hold”.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It turned negative, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Benedict Fincl Inc, Georgia-based fund reported 6,138 shares. 1.57M were reported by Fayez Sarofim. Nomura Asset Mngmt, Japan-based fund reported 1.30 million shares. 501,733 are owned by Westpac Bk Corporation. Fairview Capital Investment Mgmt holds 0.05% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 14,537 shares. Parnassus Invests Ca holds 3.45% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 15.28M shares. Regions Fincl has invested 1.39% of its portfolio in Wells Fargo & Company (NYSE:WFC). Calamos Wealth Mgmt Ltd Limited Liability Company has invested 0.48% in Wells Fargo & Company (NYSE:WFC). First Allied Advisory Serv has 0.16% invested in Wells Fargo & Company (NYSE:WFC) for 66,057 shares. Ledyard National Bank has 22,235 shares. Caisse De Depot Et Placement Du Quebec reported 3.59M shares. Edgestream Prtnrs LP reported 6,546 shares. Thompson Davis Inc owns 0.36% invested in Wells Fargo & Company (NYSE:WFC) for 3,685 shares. Ancora Ltd Liability Co reported 0.36% stake. Ar Asset has 5,300 shares.

Analysts await The Boeing Company (NYSE:BA) to report earnings on January, 31 before the open. They expect $2.87 EPS, up 16.19% or $0.40 from last year’s $2.47 per share. BA’s profit will be $1.71B for 29.42 P/E if the $2.87 EPS becomes a reality. After $2.72 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts 5.51% EPS growth.

Since July 31, 2017, it had 0 buys, and 5 selling transactions for $20.35 million activity. On Monday, July 31 Verbeck Robert E sold $616,499 worth of The Boeing Company (NYSE:BA) or 2,522 shares. CAPOZZI HEIDI B also sold $1.02M worth of The Boeing Company (NYSE:BA) shares. 56,838 The Boeing Company (NYSE:BA) shares with value of $13.84 million were sold by Muilenburg Dennis A. 19,757 shares valued at $4.85M were sold by Smith Gregory D on Monday, July 31.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. It is negative, as 50 investors sold BA shares while 609 reduced holdings. 165 funds opened positions while 367 raised stakes. 411.79 million shares or 1.95% less from 419.99 million shares in 2017Q2 were reported. 230,000 are owned by Senator Inv Grp Inc Limited Partnership. Oppenheimer, a New York-based fund reported 58,614 shares. First Midwest Fincl Bank Trust Division has 0.71% invested in The Boeing Company (NYSE:BA). Princeton Capital Management Inc holds 41,664 shares. Kempner Inc holds 0.42% of its portfolio in The Boeing Company (NYSE:BA) for 2,529 shares. 7,074 were accumulated by Compton Cap Mngmt Inc Ri. Aviva Pcl holds 0.92% of its portfolio in The Boeing Company (NYSE:BA) for 669,512 shares. Gam Holdings Ag holds 0.07% or 6,572 shares in its portfolio. Cacti Asset Mgmt Ltd Company, Georgia-based fund reported 257,135 shares. Mason Street Advsr Ltd Liability has invested 0.48% in The Boeing Company (NYSE:BA). Mariner Wealth Advisors Ltd Co, Kansas-based fund reported 22,062 shares. Voya Inv Mngmt Ltd holds 394,760 shares. Stephens Incorporated Ar reported 0.48% stake. Bangor Bankshares stated it has 1,934 shares. 1,245 are held by First Commercial Bank Of Newtown.

Among 23 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Boeing had 91 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was downgraded by Wells Fargo to “Market Perform” on Friday, December 18. The company was downgraded on Wednesday, April 20 by Bank of America. The firm has “Sell” rating given on Wednesday, October 26 by Standpoint Research. The stock of The Boeing Company (NYSE:BA) earned “Equal-Weight” rating by Morgan Stanley on Monday, March 13. As per Thursday, October 6, the company rating was initiated by Robert W. Baird. The rating was upgraded by Bank of America on Wednesday, July 19 to “Hold”. The rating was maintained by Melius Research on Monday, January 8 with “Buy”. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, January 28. Goldman Sachs maintained The Boeing Company (NYSE:BA) rating on Friday, April 28. Goldman Sachs has “Sell” rating and $134 target. Bank of America maintained it with “Buy” rating and $320.0 target in Tuesday, December 12 report.

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