Waverton Investment Management LTD Has Cut Its Wells Fargo & Co Com Us$1 2/3 (WFC) Holding by $40.76 Million; Verizon Communications (VZ) Share Value Declined While Cypress Capital Group Has Decreased Stake by $521,820

April 20, 2018 - By Maria Brooks

Wells Fargo & Company (NYSE:WFC) Logo

Cypress Capital Group decreased its stake in Verizon Communications Inc (VZ) by 11.19% based on its latest 2017Q4 regulatory filing with the SEC. Cypress Capital Group sold 10,035 shares as the company’s stock declined 11.05% with the market. The institutional investor held 79,606 shares of the telecommunications equipment company at the end of 2017Q4, valued at $4.21 million, down from 89,641 at the end of the previous reported quarter. Cypress Capital Group who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $198.18 billion market cap company. The stock decreased 0.87% or $0.42 during the last trading session, reaching $48.01. About 5.78M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since April 20, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Waverton Investment Management Ltd decreased its stake in Wells Fargo & Co Com Us$1 2/3 (WFC) by 95.9% based on its latest 2017Q4 regulatory filing with the SEC. Waverton Investment Management Ltd sold 679,353 shares as the company’s stock declined 16.98% with the market. The institutional investor held 29,014 shares of the major banks company at the end of 2017Q4, valued at $1.76M, down from 708,367 at the end of the previous reported quarter. Waverton Investment Management Ltd who had been investing in Wells Fargo & Co Com Us$1 2/3 for a number of months, seems to be less bullish one the $255.73 billion market cap company. The stock increased 1.80% or $0.93 during the last trading session, reaching $52.47. About 20.03 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 20, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Among 29 analysts covering Verizon Communications Inc. (NYSE:VZ), 10 have Buy rating, 0 Sell and 19 Hold. Therefore 34% are positive. Verizon Communications Inc. had 77 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Equal Weight” rating on Thursday, April 13 by Barclays Capital. On Tuesday, July 18 the stock rating was maintained by Cowen & Co with “Hold”. The company was maintained on Monday, April 18 by Barclays Capital. The stock has “Buy” rating by HSBC on Thursday, January 19. The stock has “Hold” rating by Zacks on Monday, September 7. Vetr downgraded the stock to “Buy” rating in Tuesday, August 11 report. The firm has “Hold” rating given on Wednesday, January 24 by RBC Capital Markets. Moffett Nathanson upgraded Verizon Communications Inc. (NYSE:VZ) on Tuesday, February 21 to “Buy” rating. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 11 with “Hold”. The rating was maintained by Jefferies with “Hold” on Wednesday, January 24.

Since October 27, 2017, it had 0 insider buys, and 2 insider sales for $376,615 activity. $29,658 worth of Verizon Communications Inc. (NYSE:VZ) was sold by SILLIMAN CRAIG L..

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.14, from 0.88 in 2017Q3. It increased, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. 2.12 million were reported by Gateway Invest Advisers Ltd Llc. Df Dent And Co Inc reported 11,061 shares or 0.01% of all its holdings. Waverton Inv Mgmt Limited, a United Kingdom-based fund reported 230,684 shares. Burns J W & New York owns 86,749 shares for 1.16% of their portfolio. Auxier Asset Mngmt holds 0.44% in Verizon Communications Inc. (NYSE:VZ) or 43,339 shares. Rosenbaum Jay D, a Massachusetts-based fund reported 22,938 shares. Hartline Invest Corp holds 0.14% in Verizon Communications Inc. (NYSE:VZ) or 9,397 shares. Fayez Sarofim And owns 14,614 shares. 18,485 are owned by M&R Management. Td Cap Limited has 361 shares for 0.01% of their portfolio. Glenview National Bank & Trust Trust Dept invested 1.54% in Verizon Communications Inc. (NYSE:VZ). Cap City Communications Fl reported 1.25% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Moreover, Lehman Resources has 0.18% invested in Verizon Communications Inc. (NYSE:VZ) for 6,577 shares. Moreover, Hgk Asset Management has 0.07% invested in Verizon Communications Inc. (NYSE:VZ) for 9,900 shares. Bender Robert & Associate invested in 5,734 shares or 0.17% of the stock.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on April, 24 before the open. They expect $1.11 EPS, up 16.84% or $0.16 from last year’s $0.95 per share. VZ’s profit will be $4.58B for 10.81 P/E if the $1.11 EPS becomes a reality. After $0.86 actual EPS reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 29.07% EPS growth.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 9 Sell and 15 Hold. Therefore 38% are positive. Wells Fargo & Company had 145 analyst reports since July 29, 2015 according to SRatingsIntel. The company was upgraded on Thursday, April 5 by UBS. The stock of Wells Fargo & Company (NYSE:WFC) earned “Outperform” rating by FBR Capital on Tuesday, September 27. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by BMO Capital Markets on Friday, January 12. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, April 4. The stock of Wells Fargo & Company (NYSE:WFC) earned “Neutral” rating by Guggenheim on Wednesday, April 6. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Robert W. Baird on Friday, November 10. As per Thursday, June 22, the company rating was maintained by RBC Capital Markets. As per Wednesday, September 21, the company rating was downgraded by JP Morgan. The rating was downgraded by Keefe Bruyette & Woods on Monday, October 17 to “Mkt Perform”. The rating was downgraded by Guggenheim to “Neutral” on Tuesday, November 15.

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

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 EPS, up 9.35% or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70B for 11.21 P/E if the $1.17 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

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

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