Abrams Capital Management LP Has Cut Wells Fargo Co New (WFC) Stake; Janney Montgomery Scott Has Upped Astrazeneca Plc Adr (AZN) Position

May 27, 2018 - By Stephen Andrade

Wells Fargo & Company (NYSE:WFC) Logo

Janney Montgomery Scott Llc increased Astrazeneca Plc Adr (AZN) stake by 12.15% reported in 2017Q4 SEC filing. Janney Montgomery Scott Llc acquired 37,185 shares as Astrazeneca Plc Adr (AZN)’s stock rose 3.15%. The Janney Montgomery Scott Llc holds 343,245 shares with $11.91 million value, up from 306,060 last quarter. Astrazeneca Plc Adr now has $93.44 billion valuation. The stock increased 0.43% or $0.16 during the last trading session, reaching $37.04. About 5.45 million shares traded or 32.79% up from the average. AstraZeneca PLC (NYSE:AZN) has risen 9.03% since May 27, 2017 and is uptrending. It has underperformed by 2.52% the S&P500.

Abrams Capital Management Lp decreased Wells Fargo Co New (WFC) stake by 14.32% reported in 2017Q4 SEC filing. Abrams Capital Management Lp sold 478,681 shares as Wells Fargo Co New (WFC)’s stock declined 16.98%. The Abrams Capital Management Lp holds 2.86M shares with $173.74M value, down from 3.34M last quarter. Wells Fargo Co New now has $267.52 billion valuation. The stock increased 0.42% or $0.23 during the last trading session, reaching $54.9. About 17.74M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 27, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

More recent AstraZeneca PLC (NYSE:AZN) news were published by: Bizjournals.com which released: “Why Big Pharma is finally discovering the Bay Area” on May 23, 2018. Also Seekingalpha.com published the news titled: “FDA’s OKs AstraZeneca’s Lokelma for hyperkalemia” on May 21, 2018. Seekingalpha.com‘s news article titled: “AstraZeneca’s (AZN) CEO Pascal Soriot on Q1 2018 Results – Earnings Call Transcript” with publication date: May 19, 2018 was also an interesting one.

Janney Montgomery Scott Llc decreased Boeing Company (NYSE:BA) stake by 5,940 shares to 203,552 valued at $60.03M in 2017Q4. It also reduced Canadian Natl Railway Co (NYSE:CNI) stake by 11,194 shares and now owns 91,389 shares. Occidental Petro Corp (NYSE:OXY) was reduced too.

Among 26 analysts covering AstraZeneca plc (ADR) (NYSE:AZN), 17 have Buy rating, 0 Sell and 9 Hold. Therefore 65% are positive. AstraZeneca plc (ADR) had 45 analyst reports since July 31, 2015 according to SRatingsIntel. As per Monday, March 19, the company rating was upgraded by Jefferies. The firm earned “Hold” rating on Thursday, September 14 by Liberum Capital. The firm has “Outperform” rating by Bernstein given on Friday, September 22. BMO Capital Markets maintained the shares of AZN in report on Thursday, September 14 with “Buy” rating. The stock has “Buy” rating by Credit Suisse on Monday, October 16. The stock has “Overweight” rating by Morgan Stanley on Tuesday, December 1. The firm has “Buy” rating by HSBC given on Wednesday, September 2. Barclays Capital upgraded the stock to “Equal-Weight” rating in Tuesday, January 19 report. Bernstein maintained the stock with “Buy” rating in Monday, February 5 report. The stock of AstraZeneca PLC (NYSE:AZN) earned “Buy” rating by Bryan Garnier & Cie on Friday, September 18.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 8 Sell and 14 Hold. Therefore 44% are positive. Wells Fargo & Company had 149 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan to “Overweight” on Friday, October 9. The rating was downgraded by Wood to “Market Perform” on Monday, February 5. Rafferty downgraded the shares of WFC in report on Wednesday, April 12 to “Sell” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by Berenberg on Wednesday, July 13. The company was maintained on Tuesday, January 3 by Barclays Capital. The firm has “Outperform” rating by Macquarie Research given on Monday, April 30. On Tuesday, November 24 the stock rating was initiated by Piper Jaffray with “Neutral”. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. As per Friday, September 15, the company rating was maintained by Jefferies. UBS maintained Wells Fargo & Company (NYSE:WFC) on Monday, October 16 with “Neutral” rating.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46B for 12.25 P/E if the $1.12 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo: Only Buy On Weakness” on May 26, 2018, also Seekingalpha.com with their article: “Wells Fargo: Value And Longevity” published on May 21, 2018, 247Wallst.com published: “Wells Fargo’s Tim Sloan Remains One of America’s Worst CEOs” on May 05, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Bizjournals.com and their article: “Wells Fargo taps JPMorgan Chase exec as chief risk officer” published on May 07, 2018 as well as 247Wallst.com‘s news article titled: “Well Fargo Renews Its Commitment to You After Rip-Offs (Update)” with publication date: May 09, 2018.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It increased, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Partnervest Advisory Svcs Limited Liability Corporation reported 17,455 shares stake. Mengis Cap holds 0.46% or 12,602 shares. California-based Clifford Swan Invest Counsel Limited Co has invested 2.73% in Wells Fargo & Company (NYSE:WFC). Thomaspartners Inc has invested 2.45% in Wells Fargo & Company (NYSE:WFC). 9,525 were accumulated by Wealth Architects Limited Com. Eqis Cap Management holds 0.03% or 9,898 shares in its portfolio. Moreover, Amer Invest Ser has 0.09% invested in Wells Fargo & Company (NYSE:WFC). First Commercial Bank Sioux Falls reported 11,488 shares or 2.3% of all its holdings. Lodestar Investment Counsel Ltd Limited Liability Company Il reported 36,214 shares. Gibraltar Capital Inc owns 40,367 shares. Bloombergsen reported 2.29M shares. New Hampshire-based Curbstone Fincl Mngmt has invested 0.62% in Wells Fargo & Company (NYSE:WFC). Regent Management Limited Liability Co holds 13,853 shares or 0.28% of its portfolio. Rockefeller Serv holds 2.62% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 2.74M shares. Pictet And Cie (Europe) has invested 0.89% of its portfolio in Wells Fargo & Company (NYSE:WFC).

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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