Wells Fargo Co New (WFC) Stock Price Declined While Orbis Investment Management Has Upped Position by $1.32 Million; Swiss National Bank Has Cut Its Holding in Home Depot (HD) by $3.73 Million as Stock Value Rose

February 20, 2018 - By Henry Gaston

Swiss National Bank decreased its stake in Home Depot Inc (HD) by 0.5% based on its latest 2017Q3 regulatory filing with the SEC. Swiss National Bank sold 22,900 shares as the company’s stock rose 9.30% with the market. The institutional investor held 4.58 million shares of the consumer services company at the end of 2017Q3, valued at $749.45M, down from 4.61 million at the end of the previous reported quarter. Swiss National Bank who had been investing in Home Depot Inc for a number of months, seems to be less bullish one the $217.87 billion market cap company. The stock decreased 0.21% or $0.4 during the last trading session, reaching $186.57. About 7.33M shares traded or 38.83% up from the average. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since February 20, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

William B. Gray increased its stake in Wells Fargo Co New (WFC) by 19.84% based on its latest 2017Q3 regulatory filing with the SEC. Orbis Investment Management bought 24,038 shares as the company’s stock declined 8.66% while stock markets rallied. The hedge fund run by William B. Gray held 145,181 shares of the major banks company at the end of 2017Q3, valued at $8.01M, up from 121,143 at the end of the previous reported quarter. Orbis Investment Management who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $293.67B market cap company. The stock increased 0.14% or $0.08 during the last trading session, reaching $60.03. About 14.18 million 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.




Orbis Investment Management, which manages about $160.64M US Long portfolio, decreased its stake in Alphabet Inc by 1,905 shares to 4,193 shares, valued at $4.08 million in 2017Q3, according to the filing. It also reduced its holding in Centennial Resource Dev Inc by 170,001 shares in the quarter, leaving it with 664,150 shares, and cut its stake in Facebook Inc (NASDAQ:FB).

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

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It fall, 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. Kayne Anderson Rudnick Invest Mgmt Limited Liability Corporation holds 4,014 shares. Palisade Asset Management Limited Company holds 2.47% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 241,080 shares. Advantus Cap Management Incorporated reported 0.64% stake. Asset Mngmt Advisors Limited holds 4.14% in Wells Fargo & Company (NYSE:WFC) or 82,165 shares. Brandywine Tru, a Delaware-based fund reported 304,853 shares. Next Financial Grp has 0.64% invested in Wells Fargo & Company (NYSE:WFC) for 42,757 shares. Putnam Fl Mngmt reported 5,233 shares or 0.03% of all its holdings. The Virginia-based Alexandria Cap Ltd has invested 0.02% in Wells Fargo & Company (NYSE:WFC). Douglass Winthrop Advsrs Limited Liability Company invested 0.09% of its portfolio in Wells Fargo & Company (NYSE:WFC). Clarivest Asset Mngmt Limited Liability holds 0.01% or 4,532 shares. Cornercap Inv Counsel Inc stated it has 127,156 shares or 0.99% of all its holdings. Hedeker Wealth Ltd Liability invested 1.37% in Wells Fargo & Company (NYSE:WFC). Guardian Life Of America owns 10,166 shares. Old State Bank In stated it has 0.24% in Wells Fargo & Company (NYSE:WFC). Waverton Inv Mgmt Limited reported 708,367 shares or 2.43% of all its holdings.

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 firm has “Market Perform” rating by BMO Capital Markets given on Monday, October 16. BMO Capital Markets downgraded it to “Underperform” rating and $47 target in Friday, November 18 report. The rating was maintained by BMO Capital Markets on Wednesday, May 31 with “Sell”. The rating was upgraded by Sandler O’Neill on Wednesday, September 2 to “Buy”. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Thursday, February 8 by Jefferies. Goldman Sachs upgraded Wells Fargo & Company (NYSE:WFC) rating on Thursday, January 4. Goldman Sachs has “Buy” rating and $63.0 target. The stock has “Neutral” rating by Piper Jaffray on Tuesday, November 24. Keefe Bruyette & Woods maintained the shares of WFC in report on Thursday, September 28 with “Buy” rating. The firm earned “Buy” rating on Thursday, September 22 by Deutsche Bank. The firm has “Sell” rating given on Friday, July 14 by BMO Capital Markets.

Swiss National Bank, which manages about $87.81B US Long portfolio, upped its stake in Dish Network Corp (NASDAQ:DISH) by 8,300 shares to 837,409 shares, valued at $45.41M in 2017Q3, according to the filing. It also increased its holding in Digital Rlty Tr Inc (NYSE:DLR) by 177,023 shares in the quarter, for a total of 890,378 shares, and has risen its stake in Pinnacle West Cap Corp (NYSE:PNW).

Since August 21, 2017, it had 0 insider buys, and 3 selling transactions for $14.57 million activity. Carey Matt sold 41,396 shares worth $7.58 million.

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