Foster Dykema Cabot & Co Has Decreased Wells Fargo & Company (WFC) Holding by $626,028 as Stock Value Declined; Corvex Management LP Raised Its T Mobile Us (TMUS) Holding

June 17, 2018 - By Vivian Park

Wells Fargo & Company (NYSE:WFC) Logo

Keith Meister increased its stake in T Mobile Us Inc (TMUS) by 68.82% based on its latest 2018Q1 regulatory filing with the SEC. Corvex Management Lp bought 370,000 shares as the company’s stock declined 7.40% with the market. The hedge fund run by Keith Meister held 907,665 shares of the public utilities company at the end of 2018Q1, valued at $55.40M, up from 537,665 at the end of the previous reported quarter. Corvex Management Lp who had been investing in T Mobile Us Inc for a number of months, seems to be bullish on the $50.82B market cap company. The stock increased 0.81% or $0.48 during the last trading session, reaching $60.01. About 3.70M shares traded. T-Mobile US, Inc. (NYSE:TMUS) has declined 16.61% since June 17, 2017 and is downtrending. It has underperformed by 29.18% the S&P500. Some Historical TMUS News: 30/03/2018 – No Flip-Phonin’ Way: T-Mobile Brings Back the Sidekick; 23/05/2018 – U.S. SENATE COMMITTEE TO HOLD HEARING ON SPRINT T-MOBILE MERGER ON JUNE 27 — STATEMENT; 24/05/2018 – T-Mobile Conference Call Scheduled By Aliya Capital for Jun. 1; 18/05/2018 – Sprint Clears Potential Roadblock En Route to T-Mobile Takeover; 01/05/2018 – Sprint bondholders on edge over risks to T-Mobile deal; 01/05/2018 – T-Mobile posts upbeat revenues, boosts forecast; 30/05/2018 – T-Mobile Kicks Off Summer with BOGObonanza on Over Twelve Sought-After Smartphones; 02/05/2018 – Sprint: Marcelo Claure, Masayoshi Son to Join Bd of Newly Formed Co Following Proposed Merger With T-Mobile; 29/04/2018 – Moody’s Affirms T-Mobile’s Cfr, Places Unsecured Ratings On Review For Downgrade Following Announcement To Merge With Sprint; 10/04/2018 – CNET: T-Mobile and Sprint restart merger talks … again

Foster Dykema Cabot & Co Inc decreased its stake in Wells Fargo & Company (WFC) by 41.86% based on its latest 2018Q1 regulatory filing with the SEC. Foster Dykema Cabot & Co Inc sold 12,039 shares as the company’s stock declined 8.45% with the market. The institutional investor held 16,724 shares of the major banks company at the end of 2018Q1, valued at $877,000, down from 28,763 at the end of the previous reported quarter. Foster Dykema Cabot & Co Inc who had been investing in Wells Fargo & Company for a number of months, seems to be less bullish one the $267.91B market cap company. The stock increased 0.44% or $0.24 during the last trading session, reaching $54.98. About 35.72 million shares traded or 82.48% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 17, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 26/04/2018 – Brink’s Presenting at Wells Fargo Industrials Conference May 9; 04/05/2018 – Wells Fargo Settles Securities Fraud Class Action for $480 Million — Bank; 07/05/2018 – MRC Global at Wells Fargo Industrials Conference Tomorrow; 12/04/2018 – Wabtec Presenting at Wells Fargo Industrials Conference May 8; 24/04/2018 – KPMG avoids shareholder revolt over Wells Fargo audit role; 26/04/2018 – Textainer Group at Wells Fargo Industrials Conference May 9; 14/05/2018 – MOVES-JPMorgan poaches Wells Fargo banker for entertainment group; 23/05/2018 – Wells Fargo Dismisses Bankers in Struggling Muni-Bond Division; 20/04/2018 – DJ Wells Fargo & Company, Inst Holders, 1Q 2018 (WFC); 26/04/2018 – Raytheon Presenting at Wells Fargo Industrials Conference May 8

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 $5.46 billion for 12.27 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.

Investors sentiment decreased to 0.59 in 2018 Q1. Its down 0.16, from 0.75 in 2017Q4. It dived, 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. Bank & Trust Of The West holds 0.46% in Wells Fargo & Company (NYSE:WFC) or 69,777 shares. Pioneer Comml Bank N A Or holds 2.11% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 79,153 shares. Twin Tree Mngmt Limited Partnership reported 11,197 shares. Norinchukin Bank & Trust The holds 0.24% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 273,211 shares. Security Bancorporation Of So Dak has 5,800 shares for 0.35% of their portfolio. Utd American Secs (D B A Uas Asset Management) reported 5,000 shares or 0.13% of all its holdings. Private Advisor Gp Incorporated Limited Company owns 69,164 shares or 0.14% of their US portfolio. Nwq Inv Mgmt Company Limited Liability Corp owns 738,752 shares. Oakbrook Ltd Liability Corporation has invested 0.77% in Wells Fargo & Company (NYSE:WFC). Destination Wealth Management invested in 19,841 shares. North Star Asset Management Incorporated reported 31,119 shares stake. Reaves W H accumulated 9,000 shares or 0.02% of the stock. Green Square Capital Ltd has invested 0.52% in Wells Fargo & Company (NYSE:WFC). Clean Yield Grp accumulated 0.12% or 5,467 shares. Strs Ohio reported 4.16 million shares stake.

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

Foster Dykema Cabot & Co Inc, which manages about $1.07 billion and $587.49 million US Long portfolio, upped its stake in Blackrock Inc. (NYSE:BLK) by 698 shares to 9,468 shares, valued at $5.13 million in 2018Q1, according to the filing.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Fool.com which released: “How Wells Fargo Is Following in Bank of America’s Footsteps” on June 11, 2018, also Seekingalpha.com with their article: “Wells Fargo eyes post-Brexit hubs” published on June 04, 2018, Fool.com published: “Why Wells Fargo Is Leaving the Midwest Behind” on June 06, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Seekingalpha.com and their article: “Wells Fargo: Value And Longevity” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Wells Fargo: Only Buy On Weakness” with publication date: May 26, 2018.

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. Sandler O’Neill maintained the stock with “Buy” rating in Friday, April 13 report. Vetr upgraded the stock to “Strong-Buy” rating in Wednesday, September 2 report. The company was maintained on Thursday, August 13 by S&P Research. The stock has “Underweight” rating by Morgan Stanley on Monday, April 16. The firm earned “Buy” rating on Monday, March 26 by Robert W. Baird. UBS maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, October 6. UBS has “Neutral” rating and $57 target. The rating was maintained by Robert W. Baird on Friday, November 10 with “Buy”. Keefe Bruyette & Woods upgraded the shares of WFC in report on Tuesday, January 12 to “Outperform” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Guggenheim on Wednesday, July 29. Citigroup maintained the stock with “Buy” rating in Monday, October 9 report.

Since February 14, 2018, it had 1 insider purchase, and 0 sales for $17.34 million activity.

Among 33 analysts covering T-Mobile US (NYSE:TMUS), 26 have Buy rating, 1 Sell and 6 Hold. Therefore 79% are positive. T-Mobile US had 83 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of T-Mobile US, Inc. (NASDAQ:TMUS) has “Buy” rating given on Tuesday, May 23 by Goldman Sachs. Cowen & Co maintained T-Mobile US, Inc. (NASDAQ:TMUS) rating on Thursday, January 18. Cowen & Co has “Buy” rating and $71.0 target. The stock of T-Mobile US, Inc. (NASDAQ:TMUS) has “Buy” rating given on Thursday, July 20 by Oppenheimer. The stock of T-Mobile US, Inc. (NASDAQ:TMUS) earned “Buy” rating by Jefferies on Tuesday, August 1. DA Davidson initiated the shares of TMUS in report on Thursday, October 1 with “Buy” rating. The company was maintained on Friday, July 14 by Deutsche Bank. Cowen & Co maintained it with “Buy” rating and $70.0 target in Tuesday, October 17 report. The firm has “Buy” rating by Cowen & Co given on Tuesday, July 18. As per Friday, July 21, the company rating was maintained by William Blair. The stock of T-Mobile US, Inc. (NASDAQ:TMUS) has “Hold” rating given on Thursday, September 24 by S&P Research.

Corvex Management Lp, which manages about $8.18B and $2.21B US Long portfolio, decreased its stake in Time Warner Inc (NYSE:TWX) by 89,798 shares to 427,802 shares, valued at $40.46 million in 2018Q1, according to the filing. It also reduced its holding in Medicines Co (NASDAQ:MDCO) by 422,054 shares in the quarter, leaving it with 1.99M shares, and cut its stake in Envision Healthcare Corp.

More notable recent T-Mobile US, Inc. (NASDAQ:TMUS) news were published by: Nasdaq.com which released: “The Odds of Sprint Corp’s T-Mobile Merger Just Went Through the Roof” on June 14, 2018, also Schaeffersresearch.com with their article: “Analyst: T-Mobile Stock Still Top Telecom Pick” published on June 13, 2018, Seekingalpha.com published: “Technically Speaking For The Week Of June 11-15” on June 17, 2018. More interesting news about T-Mobile US, Inc. (NASDAQ:TMUS) were released by: Nasdaq.com and their article: “The Simple Difference Between the AT&T-Time Warner and T-Mobile-Sprint Mergers” published on June 13, 2018 as well as Investorplace.com‘s news article titled: “Look for Prospective Suitors to Call On Lions Gate Entertainment Corp.” with publication date: June 15, 2018.

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

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