As Wells Fargo & Co Del (WFC) Share Price Declined, Alecta Pensionsforsakring Omsesidigt Decreased Position by $8.25 Million; Pershing Square Capital Management LP Maintains Position in Automatic Data Processing In (ADP)

February 20, 2018 - By Maria Brooks

Alecta Pensionsforsakring Omsesidigt decreased its stake in Wells Fargo & Co Del (WFC) by 0.99% based on its latest 2017Q3 regulatory filing with the SEC. Alecta Pensionsforsakring Omsesidigt sold 150,000 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 15.04M shares of the major banks company at the end of 2017Q3, valued at $829.16 million, down from 15.19M at the end of the previous reported quarter. Alecta Pensionsforsakring Omsesidigt who had been investing in Wells Fargo & Co Del for a number of months, seems to be less bullish one the $293.25B market cap company. The stock decreased 0.12% or $0.07 during the last trading session, reaching $59.95. About 18.66M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 20, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Bill Ackman increased its stake in Automatic Data Processing In (ADP) by 402.52% based on its latest 2017Q3 regulatory filing with the SEC. Pershing Square Capital Management Lp bought 7.05 million shares as the company’s stock declined 1.06% while stock markets rallied. The hedge fund run by Bill Ackman held 8.80M shares of the technology company at the end of 2017Q3, valued at $961.85 million, up from 1.75 million at the end of the previous reported quarter. Pershing Square Capital Management Lp who had been investing in Automatic Data Processing In for a number of months, seems to be bullish on the $51.50B market cap company. The stock increased 0.58% or $0.67 during the last trading session, reaching $116.18. About 1.45M shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 15.83% since February 20, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It is 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. The New York-based Kings Point Mngmt has invested 1.04% in Wells Fargo & Company (NYSE:WFC). Tocqueville Asset Mgmt Lp holds 0.22% or 341,321 shares in its portfolio. King Wealth Mngmt Gp Incorporated owns 7,282 shares. Lederer Counsel Ca reported 39,190 shares or 2.06% of all its holdings. Silvercrest Asset Limited Co reported 0.06% of its portfolio in Wells Fargo & Company (NYSE:WFC). The New York-based Laurion Lp has invested 0.01% in Wells Fargo & Company (NYSE:WFC). Earnest Prtnrs Limited Liability Corp accumulated 113,084 shares or 0.06% of the stock. First Commercial Bank owns 1.09% invested in Wells Fargo & Company (NYSE:WFC) for 117,193 shares. Buffington Mohr Mcneal invested 0.13% in Wells Fargo & Company (NYSE:WFC). Teachers Retirement System Of The State Of Kentucky holds 0.64% or 968,435 shares. Griffin Asset has invested 1.83% in Wells Fargo & Company (NYSE:WFC). Meristem Limited Liability Partnership owns 1.26% invested in Wells Fargo & Company (NYSE:WFC) for 56,733 shares. Diversified Company has 14,541 shares. Highlander Management Ltd Liability has 2,439 shares for 0.11% of their portfolio. 214,933 were accumulated by Kanawha Capital Mngmt.

Since November 17, 2017, it had 0 buys, and 1 insider sale for $292,234 activity.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Buy” on Thursday, September 22. The company was maintained on Thursday, August 13 by S&P Research. Deutsche Bank upgraded the stock to “Buy” rating in Tuesday, September 8 report. Goldman Sachs upgraded it to “Buy” rating and $63.0 target in Thursday, January 4 report. The stock of Wells Fargo & Company (NYSE:WFC) has “Strong-Buy” rating given on Wednesday, September 2 by Vetr. On Monday, February 5 the stock rating was maintained by Nomura with “Buy”. Nomura maintained it with “Buy” rating and $58 target in Monday, April 25 report. The stock has “Buy” rating by Robert W. Baird on Friday, October 6. RBC Capital Markets maintained the stock with “Buy” rating in Friday, October 6 report. The stock has “Hold” rating by BMO Capital Markets on Sunday, February 4.

Alecta Pensionsforsakring Omsesidigt, which manages about $11.66 billion US Long portfolio, upped its stake in Henry Schein (NASDAQ:HSIC) by 2.81M shares to 5.31 million shares, valued at $435.69M in 2017Q3, according to the filing. It also increased its holding in Lincoln Electric Holdings (NASDAQ:LECO) by 100,000 shares in the quarter, for a total of 1.30M shares, and has risen its stake in Wabtec Corp (NYSE:WAB).

Since September 1, 2017, it had 0 insider purchases, and 32 insider sales for $45.48 million activity. 20,909 shares were sold by Politi Douglas W, worth $2.42M on Monday, January 1. 5,688 shares were sold by JONES JOHN P III, worth $659,979. On Tuesday, January 2 Albinson Brock sold $159,309 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) or 1,373 shares. 28,930 shares valued at $3.53M were sold by Bonarti Michael A on Tuesday, January 23. Another trade for 9,775 shares valued at $1.19M was sold by O’Brien Dermot J. Rodriguez Carlos A sold 95,756 shares worth $11.31 million.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 4 have Buy rating, 2 Sell and 13 Hold. Therefore 21% are positive. Automatic Data had 57 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, July 29 by Citigroup. Barclays Capital initiated the shares of ADP in report on Tuesday, December 20 with “Overweight” rating. The firm has “Outperform” rating given on Friday, July 28 by BMO Capital Markets. On Friday, October 13 the stock rating was maintained by Bank of America with “Neutral”. The company was downgraded on Friday, June 2 by Evercore. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Hold” rating by RBC Capital Markets on Thursday, January 18. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, May 2. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Hold” rating given on Thursday, July 27 by Stifel Nicolaus. The firm has “Outperform” rating given on Monday, July 11 by Bernstein. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) earned “Market Perform” rating by William Blair on Friday, July 21.

Investors sentiment decreased to 0.68 in Q3 2017. Its down 0.09, from 0.77 in 2017Q2. It worsened, as 60 investors sold ADP shares while 457 reduced holdings. 109 funds opened positions while 241 raised stakes. 342.26 million shares or 3.77% less from 355.68 million shares in 2017Q2 were reported. Old Mutual Customised Solutions (Proprietary) Limited accumulated 16,100 shares or 0.24% of the stock. Fairview Capital Investment Management Ltd Limited Liability Company, California-based fund reported 9,311 shares. Allen Investment Mngmt Limited Liability holds 0.02% or 3,280 shares in its portfolio. Seaward Partnership invested 0.83% in Automatic Data Processing, Inc. (NASDAQ:ADP). San Francisco Sentry (Ca) reported 1,259 shares or 0.05% of all its holdings. D E Shaw Com Inc invested in 641,651 shares. R G Niederhoffer Inc reported 2,000 shares or 1.41% of all its holdings. Ontario Teachers Pension Plan Board holds 1.1% or 759,146 shares in its portfolio. The Maryland-based Profund Advisors Ltd Liability Corp has invested 0.16% in Automatic Data Processing, Inc. (NASDAQ:ADP). Financial Counselors holds 8,325 shares or 0.04% of its portfolio. Advantus Capital Mgmt Incorporated holds 0.13% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 45,129 shares. Perigon Wealth Mgmt Ltd Liability Com owns 12,700 shares or 0.45% of their US portfolio. Kidder Stephen W stated it has 3.7% in Automatic Data Processing, Inc. (NASDAQ:ADP). Middleton Ma stated it has 0.1% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP). Gateway Advisers Ltd reported 339,058 shares.

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