As Wells Fargo & Co (WFC) Stock Declined, Holder Etrade Capital Management Raised Its Stake; Grainger W W (GWW) Valuation Rose While Stadion Money Management Has Cut by $311,328 Its Stake

June 21, 2018 - By Henry Gaston

Wells Fargo & Company (NYSE:WFC) Logo

Stadion Money Management Llc decreased its stake in Grainger W W Inc (GWW) by 16.92% based on its latest 2018Q1 regulatory filing with the SEC. Stadion Money Management Llc sold 1,104 shares as the company’s stock rose 14.40% while stock markets declined. The institutional investor held 5,420 shares of the consumer services company at the end of 2018Q1, valued at $1.53M, down from 6,524 at the end of the previous reported quarter. Stadion Money Management Llc who had been investing in Grainger W W Inc for a number of months, seems to be less bullish one the $17.54 billion market cap company. The stock decreased 1.18% or $3.75 during the last trading session, reaching $313.18. About 608,865 shares traded. W.W. Grainger, Inc. (NYSE:GWW) has risen 75.66% since June 21, 2017 and is uptrending. It has outperformed by 63.09% the S&P500.




Etrade Capital Management Llc increased its stake in Wells Fargo & Co (WFC) by 5.73% based on its latest 2018Q1 regulatory filing with the SEC. Etrade Capital Management Llc bought 7,023 shares as the company’s stock declined 8.45% with the market. The institutional investor held 129,594 shares of the major banks company at the end of 2018Q1, valued at $6.79 million, up from 122,571 at the end of the previous reported quarter. Etrade Capital Management Llc who had been investing in Wells Fargo & Co for a number of months, seems to be bullish on the $264.94B market cap company. The stock decreased 0.20% or $0.11 during the last trading session, reaching $54.37. About 21.08 million shares traded or 8.83% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 21, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 30/05/2018 – MEDIA-Wells Fargo’s fake account customers to get ‘imperfect’ closure – Bloomberg; 11/04/2018 – NY Bizjournal: Banking Roundup: Wells Fargo faces big fine… BofA to halt lending to some gun makers; 27/03/2018 – BB&T CORP BBT.N : WELLS FARGO RAISES TO OUTPERFORM; 28/03/2018 – Wells Fargo is the leading financier for the gun industry; 13/04/2018 – Wells Fargo 1Q Rev $21.93B; 05/05/2018 – BUFFETT SAYS IT CAN BE DIFFICULT TO EXPLAIN THE BENEFITS OF TRADE, MANY WHICH ARE INVISIBLE; 17/05/2018 – WELLS FARGO & CO – DAVID MARKS NAMED TO LEAD WELLS FARGO COMMERCIAL CAPITAL; 19/04/2018 – Settlement May Include Scrutiny of Compensation to Workers Responsible for Bank’s Sales Practices; 13/05/2018 – EISMAN SAYS HE’S STILL SHORT WELLS FARGO; 09/05/2018 – No New `Cockroaches’ Likely to Show at Wells Fargo Investor Day

Since January 11, 2018, it had 1 insider purchase, and 5 insider sales for $8.64 million activity. Another trade for 19,500 shares valued at $5.75M was made by HOWARD JOHN L on Thursday, April 5. The insider Tapia Eric R sold 2,265 shares worth $714,762. Brown Laura D sold 9,158 shares worth $2.13M.

Analysts await W.W. Grainger, Inc. (NYSE:GWW) to report earnings on July, 18. They expect $3.75 EPS, up 36.86% or $1.01 from last year’s $2.74 per share. GWW’s profit will be $210.06 million for 20.88 P/E if the $3.75 EPS becomes a reality. After $4.18 actual EPS reported by W.W. Grainger, Inc. for the previous quarter, Wall Street now forecasts -10.29% negative EPS growth.

Investors sentiment decreased to 0.75 in 2018 Q1. Its down 0.06, from 0.81 in 2017Q4. It is negative, as 36 investors sold GWW shares while 214 reduced holdings. 82 funds opened positions while 106 raised stakes. 43.08 million shares or 5.84% less from 45.76 million shares in 2017Q4 were reported. 32,881 were accumulated by Pictet Asset Mngmt Limited. Tiaa Cref Investment Mgmt Ltd Llc holds 0.11% or 589,832 shares. Pensionfund Dsm Netherlands holds 0.56% in W.W. Grainger, Inc. (NYSE:GWW) or 11,000 shares. Associated Banc reported 0.01% in W.W. Grainger, Inc. (NYSE:GWW). Meiji Yasuda Asset invested in 0.2% or 7,335 shares. First Personal Fin Service accumulated 125 shares. Sg Americas Secs Ltd Liability Corp owns 7,789 shares. Ontario Teachers Pension Plan Board has 9,489 shares. Hedeker Wealth Limited Liability reported 0.41% in W.W. Grainger, Inc. (NYSE:GWW). Fairfield Bush Com has invested 0.28% in W.W. Grainger, Inc. (NYSE:GWW). Riverhead Capital Mgmt Llc has 0.04% invested in W.W. Grainger, Inc. (NYSE:GWW) for 3,672 shares. Tompkins Financial Corporation has 0.08% invested in W.W. Grainger, Inc. (NYSE:GWW). Hall Laurie J Trustee accumulated 1,275 shares. Peregrine Asset Advisers stated it has 3.97% of its portfolio in W.W. Grainger, Inc. (NYSE:GWW). Profund Advisors Ltd Liability Corp reported 1,463 shares stake.

Another recent and important W.W. Grainger, Inc. (NYSE:GWW) news was published by Globenewswire.com which published an article titled: “Recent Analysis Shows Ford Motor, Lions Gate Entertainment, America’s Car-Mart, WW Grainger, Berry Global Group …” on June 11, 2018.

Stadion Money Management Llc, which manages about $6.01 billion and $2.88 billion US Long portfolio, upped its stake in Spdr S&P Midcap 400 Etf Tr (MDY) by 2,440 shares to 28,362 shares, valued at $9.69 million in 2018Q1, according to the filing. It also increased its holding in Spdr Series Trust (LWC) by 166,227 shares in the quarter, for a total of 1.36M shares, and has risen its stake in Spdr Ser Tr.

Among 20 analysts covering W.W. Grainger (NYSE:GWW), 4 have Buy rating, 4 Sell and 12 Hold. Therefore 20% are positive. W.W. Grainger had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of W.W. Grainger, Inc. (NYSE:GWW) has “Market Perform” rating given on Thursday, March 30 by BMO Capital Markets. The stock has “Buy” rating by Robert W. Baird on Thursday, January 25. The rating was maintained by Credit Suisse on Tuesday, January 9 with “Sell”. The stock of W.W. Grainger, Inc. (NYSE:GWW) has “Sell” rating given on Thursday, May 18 by Deutsche Bank. On Tuesday, April 5 the stock rating was initiated by BMO Capital Markets with “Outperform”. The stock of W.W. Grainger, Inc. (NYSE:GWW) has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. The firm has “Neutral” rating given on Wednesday, January 27 by UBS. Barclays Capital maintained W.W. Grainger, Inc. (NYSE:GWW) on Monday, November 16 with “Equal Weight” rating. The company was maintained on Wednesday, October 18 by Wells Fargo. On Thursday, July 20 the stock rating was maintained by Stifel Nicolaus with “Hold”.

Investors sentiment decreased to 0.59 in Q1 2018. Its down 0.16, from 0.75 in 2017Q4. It is negative, 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. Qv has 1.42M shares. Alpine Woods Investors Limited Company stated it has 1.10M shares. Fort Point Ptnrs Lc holds 0.23% or 16,585 shares. 19,995 are owned by Arbor Advsrs Ltd Liability Com. Bbva Compass Bancorp Inc holds 0.36% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 107,672 shares. Dupont Management holds 0.04% or 30,092 shares in its portfolio. Millennium Mngmt Limited Company has invested 0.16% in Wells Fargo & Company (NYSE:WFC). Brinker Capital stated it has 218,905 shares or 0.45% of all its holdings. Mitsubishi Ufj Secs Communications holds 940 shares or 0.19% of its portfolio. Checchi Advisers Ltd Liability has invested 0.3% of its portfolio in Wells Fargo & Company (NYSE:WFC). Martingale Asset Mgmt LP holds 0.02% or 23,697 shares in its portfolio. Blb&B Advsrs holds 0.35% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 50,118 shares. Snow Lp stated it has 7,984 shares. Fny Managed Accounts Ltd reported 0.13% stake. Birinyi Assocs invested 0.32% of its portfolio in Wells Fargo & Company (NYSE:WFC).

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 firm has “Underperform” rating given on Tuesday, October 4 by Raymond James. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, January 4. The company was maintained on Friday, April 13 by Sandler O’Neill. The company was maintained on Friday, April 13 by BMO Capital Markets. FBR Capital downgraded the shares of WFC in report on Wednesday, October 19 to “Mkt Perform” rating. The firm has “Hold” rating given on Sunday, July 30 by BMO Capital Markets. The stock has “Buy” rating by Bank of America on Monday, February 5. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Friday, July 14 by Oppenheimer. As per Friday, April 15, the company rating was downgraded by Piper Jaffray. On Thursday, March 29 the stock rating was maintained by Sandler O’Neill with “Buy”.

Etrade Capital Management Llc, which manages about $2.37B and $3.11 billion US Long portfolio, decreased its stake in Robert Half International Inc (NYSE:RHI) by 6,255 shares to 20,589 shares, valued at $1.19 million in 2018Q1, according to the filing. It also reduced its holding in Express Scripts Holding Co (NASDAQ:ESRX) by 5,933 shares in the quarter, leaving it with 29,243 shares, and cut its stake in Abbott Laboratories (NYSE:ABT).

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

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