Baskin Financial Services Trimmed Its Position in Oracle (ORCL) by $378,450 as Market Valuation Declined; As Wells Fargo Co New (WFC) Stock Value Declined, Blue Chip Partners Lowered Its Stake by $753,272

June 13, 2018 - By Henry Gaston

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Baskin Financial Services Inc decreased its stake in Oracle (ORCL) by 3.2% based on its latest 2018Q1 regulatory filing with the SEC. Baskin Financial Services Inc sold 8,410 shares as the company’s stock declined 8.15% with the market. The institutional investor held 254,325 shares of the prepackaged software company at the end of 2018Q1, valued at $11.64 million, down from 262,735 at the end of the previous reported quarter. Baskin Financial Services Inc who had been investing in Oracle for a number of months, seems to be less bullish one the $197.60 billion market cap company. The stock decreased 0.09% or $0.045 during the last trading session, reaching $48.405. About 12.58M shares traded. Oracle Corporation (NYSE:ORCL) has risen 3.98% since June 13, 2017 and is uptrending. It has underperformed by 8.59% the S&P500. Some Historical ORCL News: 12/04/2018 – Source-to-Pay Leader Determine, Inc. Highlights the Future of e-Procurement at ProcureCon Canada, April 16 – 18; 21/05/2018 – Oracle Closes Above 50-Day Moving Average: Technicals; 19/03/2018 – Oracle Underwhelms Investors With Cloud Revenue, Forecast; 11/04/2018 – Customer Experience Professionals Embrace Innovation with Oracle; 16/03/2018 – A few earnings are expected, including Nike, Oracle, FedEx and General Mills; 11/05/2018 – ORACLE NAMES CHARLES W. MOORMAN IV and WILLIAM G. PARRETT to the Bd of DIRECTORS; 04/04/2018 – Oracle’s Catz Is Said to Raise Amazon Contract Fight With Trump; 30/04/2018 – Oracle Named a Leader in the Gartner 2018 Magic Quadrant for Operations Support Systems; 12/04/2018 – “Retail 2018: The Loyalty Divide” Reveals Brands Underestimate the Opportunity for Social Advocacy and Personalization to Drive Continued Revenue; 27/03/2018 – U.S. APPEALS COURT REVIVES ORACLE’S ORCL.N BILLION-DOLLAR COPYRIGHT CLAIM AGAINST GOOGLE GOOGL.O

Blue Chip Partners Inc decreased its stake in Wells Fargo Co New (WFC) by 15.31% based on its latest 2018Q1 regulatory filing with the SEC. Blue Chip Partners Inc sold 14,486 shares as the company’s stock declined 8.45% with the market. The hedge fund held 80,116 shares of the major banks company at the end of 2018Q1, valued at $4.20M, down from 94,602 at the end of the previous reported quarter. Blue Chip Partners Inc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $269.69B market cap company. The stock decreased 0.06% or $0.035 during the last trading session, reaching $55.345. About 11.34M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 13, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 12/04/2018 – Aircastle at Wells Fargo Industrials Conference May 8; 12/04/2018 – Trinity Industries at Wells Fargo Industrials Conference May 8; 04/05/2018 – JUST IN: Wells Fargo reaches agreement in principle to resolve securities fraud class action suit, will pay $480M as part of the settlement; 26/04/2018 – AerCap Holdings at Wells Fargo Industrials Conference May 9; 19/04/2018 – Wells Fargo Dropped by Teachers Union Over Ties to Gun Industry; 28/03/2018 – Wells Fargo is the leading financier for the gun industry; 20/04/2018 – Wells Fargo: Accrual Cuts 1Q Net by $800M, or 16c/Share; 18/05/2018 – Fewer Wells Fargo Advisors Head for the Doors — Barrons.com; 23/04/2018 – WELLS FARGO SAYS 1Q EPS REDUCED BY 16C TO 96C; 04/05/2018 – WELLS FARGO CHIEF ECONOMIST JOHN SILVIA ON BLOOMBERG RADIO

Since May 24, 2018, it had 0 insider purchases, and 1 insider sale for $1.40 million activity.

Investors sentiment decreased to 0.59 in Q1 2018. Its down 0.16, from 0.75 in 2017Q4. It worsened, as 108 investors sold WFC shares while 790 reduced holdings. 122 funds opened positions while 412 raised stakes. 3.62 billion shares or 0.62% less from 3.64 billion shares in 2017Q4 were reported. Gsa Cap Prtnrs Llp reported 0.14% of its portfolio in Wells Fargo & Company (NYSE:WFC). Principal Financial Gru Incorporated accumulated 7.07 million shares. First Citizens Bank & Trust & Co, a North Carolina-based fund reported 93,947 shares. Capital Wealth Planning Limited Co invested in 0.29% or 8,000 shares. The Washington-based Huntington Steele Lc has invested 0.09% in Wells Fargo & Company (NYSE:WFC). New York-based Bristol John W New York has invested 2.18% in Wells Fargo & Company (NYSE:WFC). Arrowstreet Cap Ltd Partnership accumulated 49,449 shares or 0.01% of the stock. Franklin Inc holds 60.11 million shares or 1.6% of its portfolio. 120 are held by Seabridge Investment Limited Liability Company. Weatherstone Mgmt reported 5,038 shares. Louisiana State Employees Retirement Systems stated it has 268,100 shares. Spindletop Limited Company has 170,000 shares for 6.6% of their portfolio. Banque Pictet & Cie Sa has invested 1.15% in Wells Fargo & Company (NYSE:WFC). Smith Salley And holds 11,085 shares. Susquehanna Group Limited Liability Partnership reported 6.62 million shares.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 EPS, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46B for 12.35 P/E if the $1.12 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Blue Chip Partners Inc, which manages about $214.43M and $361.28M US Long portfolio, upped its stake in Target Corp (NYSE:TGT) by 17,418 shares to 89,695 shares, valued at $6.23M in 2018Q1, according to the filing. It also increased its holding in Home Depot Inc (NYSE:HD) by 5,167 shares in the quarter, for a total of 37,537 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

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 stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Sunday, April 15 by Keefe Bruyette & Woods. UBS maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, October 6. UBS has “Neutral” rating and $57 target. BMO Capital Markets maintained the shares of WFC in report on Friday, July 14 with “Sell” rating. Jefferies maintained the stock with “Hold” rating in Friday, August 11 report. The stock of Wells Fargo & Company (NYSE:WFC) has “Overweight” rating given on Friday, February 2 by Morgan Stanley. As per Friday, October 6, the company rating was maintained by Robert W. Baird. On Friday, October 13 the stock rating was maintained by Piper Jaffray with “Hold”. Wood downgraded the shares of WFC in report on Monday, February 5 to “Market Perform” rating. Citigroup upgraded the stock to “Buy” rating in Thursday, January 7 report. The firm has “Neutral” rating given on Wednesday, April 6 by Guggenheim.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: 247Wallst.com which released: “Short Sellers Grow More Selective on Major Banks” on June 12, 2018, also Bizjournals.com with their article: “USAA files lawsuit against Wells Fargo over mobile check deposit” published on June 08, 2018, Seekingalpha.com published: “Wells Fargo: Value And Longevity” on May 21, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Benzinga.com and their article: “Flagstar To Acquire 52 Wells Fargo Branches Across Midwest: ‘It Really Is A Good Fit'” published on June 07, 2018 as well as Bizjournals.com‘s news article titled: “Banking Roundup: Starbucks launches JPMorgan Visa cards… BofA’s virtual assistant Erica hits milestone” with publication date: June 13, 2018.

Among 43 analysts covering Oracle (NYSE:ORCL), 27 have Buy rating, 0 Sell and 16 Hold. Therefore 63% are positive. Oracle had 116 analyst reports since July 30, 2015 according to SRatingsIntel. JP Morgan upgraded Oracle Corporation (NYSE:ORCL) rating on Wednesday, June 29. JP Morgan has “Neutral” rating and $38 target. On Wednesday, October 4 the stock rating was initiated by Piper Jaffray with “Buy”. The rating was maintained by Jefferies on Friday, September 15 with “Buy”. UBS maintained Oracle Corporation (NYSE:ORCL) on Thursday, December 17 with “Buy” rating. Nomura maintained Oracle Corporation (NYSE:ORCL) rating on Thursday, September 17. Nomura has “Buy” rating and $44 target. Raymond James maintained Oracle Corporation (NYSE:ORCL) rating on Friday, December 15. Raymond James has “Buy” rating and $55.0 target. The stock of Oracle Corporation (NYSE:ORCL) has “Outperform” rating given on Thursday, December 17 by RBC Capital Markets. The stock of Oracle Corporation (NYSE:ORCL) earned “Neutral” rating by Atlantic Securities on Tuesday, July 19. The firm has “Outperform” rating given on Friday, June 24 by Cowen & Co. The firm has “Hold” rating by William Blair given on Friday, September 15.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Oracle buys DataScience.com” on May 16, 2018, also Prnewswire.com with their article: “Oracle Launches Internet Intelligence Map Providing a Unique View into the Global Internet” published on June 13, 2018, Seekingalpha.com published: “MongoDB: Look At The Big Picture” on June 12, 2018. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Seekingalpha.com and their article: “The Information: Oracle’s aggressive cloud sales tactics push away customers” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “MongoDB: Fast Growing Database Play With Potential Take-Out Opportunity” with publication date: June 12, 2018.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on June, 20. They expect $0.86 EPS, up 4.88% or $0.04 from last year’s $0.82 per share. ORCL’s profit will be $3.51B for 14.07 P/E if the $0.86 EPS becomes a reality. After $0.75 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 14.67% EPS growth.

Baskin Financial Services Inc, which manages about $520.75M US Long portfolio, upped its stake in Delta Air Lines Inc. (NYSE:DAL) by 9,791 shares to 175,200 shares, valued at $9.60M in 2018Q1, according to the filing. It also increased its holding in Blackrock Inc (NYSE:BLK) by 912 shares in the quarter, for a total of 17,331 shares, and has risen its stake in Disney (Walt) Co (NYSE:DIS).

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