Wells Fargo Co New (WFC) Holder Theleme Partners Llp Cut Holding as Market Value Declined; Hollow Brook Wealth Management Cut Holding in Pfizer (PFE) as Valuation Declined

November 14, 2017 - By Max Morgan

Patrick Degorce decreased its stake in Wells Fargo Co New (WFC) by 11.12% based on its latest 2017Q2 regulatory filing with the SEC. Theleme Partners Llp sold 904,317 shares as the company’s stock declined 8.66% while stock markets rallied. The hedge fund run by Patrick Degorce held 7.23 million shares of the major banks company at the end of 2017Q2, valued at $400.37 million, down from 8.13 million at the end of the previous reported quarter. Theleme Partners Llp who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $264.28B market cap company. The stock declined 0.15% or $0.08 reaching $53.63 per share. About 9.25 million shares traded. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since November 14, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Hollow Brook Wealth Management Llc decreased its stake in Pfizer Inc (PFE) by 92.24% based on its latest 2017Q2 regulatory filing with the SEC. Hollow Brook Wealth Management Llc sold 139,491 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 11,741 shares of the health care company at the end of 2017Q2, valued at $394,000, down from 151,232 at the end of the previous reported quarter. Hollow Brook Wealth Management Llc who had been investing in Pfizer Inc for a number of months, seems to be less bullish one the $211.16 billion market cap company. The stock rose 0.35% or $0.12 reaching $35.42. About 8.03 million shares traded. Pfizer Inc. (NYSE:PFE) has declined 2.76% since November 14, 2016 and is downtrending. It has underperformed by 19.46% the S&P500.

Analysts await Pfizer Inc. (NYSE:PFE) to report earnings on January, 30. They expect $0.55 earnings per share, up 17.02% or $0.08 from last year’s $0.47 per share. PFE’s profit will be $3.28 billion for 16.10 P/E if the $0.55 EPS becomes a reality. After $0.67 actual earnings per share reported by Pfizer Inc. for the previous quarter, Wall Street now forecasts -17.91% negative EPS growth.

Investors sentiment decreased to 0.94 in 2017 Q2. Its down 0.01, from 0.95 in 2017Q1. It worsened, as 58 investors sold PFE shares while 716 reduced holdings. 112 funds opened positions while 612 raised stakes. 4.02 billion shares or 1.07% less from 4.06 billion shares in 2017Q1 were reported. 797,844 were reported by Kames Public Limited Co. Amica Pension Fund Board Of Trustees holds 1.03% in Pfizer Inc. (NYSE:PFE) or 248,208 shares. Fairfax Financial Can has 0.62% invested in Pfizer Inc. (NYSE:PFE). Cypress Mgmt Limited Liability Corp reported 422,226 shares stake. Bb&T Secs Limited Liability Company reported 2.09 million shares or 1.02% of all its holdings. First Hawaiian Bank & Trust invested in 0.03% or 6,053 shares. Portland Global Advsr Lc holds 22,792 shares or 0.31% of its portfolio. Convergence Invest Partners Ltd Limited Liability Company holds 265,176 shares or 1.3% of its portfolio. Milestone Gp reported 0.13% of its portfolio in Pfizer Inc. (NYSE:PFE). Baker Avenue Asset Mngmt Limited Partnership holds 197,438 shares. Woodmont Invest Counsel holds 70,516 shares. Massachusetts Fin Ma accumulated 58.00 million shares or 0.86% of the stock. Pacad Invest Limited holds 0.31% in Pfizer Inc. (NYSE:PFE) or 63,231 shares. Hoertkorn Richard Charles holds 0.76% or 34,350 shares in its portfolio. Thompson Davis Commerce invested 0.41% in Pfizer Inc. (NYSE:PFE).

More notable recent Pfizer Inc. (NYSE:PFE) news were published by: Nasdaq.com which released: “Pfizer, Inc. (PFE) Ex-Dividend Date Scheduled for November 09, 2017” on November 08, 2017, also Nasdaq.com with their article: “Pfizer Inc. Q3 Earnings Rise 8%” published on October 31, 2017, Fool.com published: “Pfizer Inc. Q3 Earnings: The Most Important Things to Know” on October 31, 2017. More interesting news about Pfizer Inc. (NYSE:PFE) were released by: Forbes.com and their article: “Earnings Preview: What To Expect From Pfizer On Tuesday” published on October 27, 2017 as well as Mlive.com‘s news article titled: “Pfizer Inc. is looking to fill 200 new positions in Portage” with publication date: November 13, 2017.

Among 21 analysts covering Pfizer (NYSE:PFE), 9 have Buy rating, 1 Sell and 11 Hold. Therefore 43% are positive. Pfizer had 65 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse on Monday, May 9 with “Outperform”. The firm has “Hold” rating by Jefferies given on Wednesday, August 16. The firm earned “Hold” rating on Thursday, October 26 by Jefferies. The company was maintained on Tuesday, August 1 by BMO Capital Markets. On Friday, December 2 the stock rating was initiated by Guggenheim with “Neutral”. Goldman Sachs maintained the shares of PFE in report on Monday, April 18 with “Neutral” rating. The rating was maintained by UBS with “Buy” on Wednesday, November 1. The stock has “Buy” rating by Cowen & Co on Monday, September 18. Jefferies maintained the shares of PFE in report on Monday, June 20 with “Buy” rating. Piper Jaffray maintained it with “Overweight” rating and $48 target in Friday, August 28 report.

Since May 16, 2017, it had 0 insider purchases, and 2 selling transactions for $3.39 million activity. Another trade for 20,000 shares valued at $1.04 million was sold by Hardison Hope A.. 24,708 Wells Fargo & Co (NYSE:WFC) shares with value of $1.34M were sold by Pelos Petros G.

Among 32 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 14 Hold. Therefore 41% are positive. Wells Fargo & Company had 102 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Monday, October 17 by Keefe Bruyette & Woods. The company was downgraded on Monday, November 28 by Jefferies. The company was maintained on Friday, August 11 by Jefferies. As per Monday, October 9, the company rating was maintained by Citigroup. The stock of Wells Fargo & Co (NYSE:WFC) earned “Sell” rating by UBS on Thursday, September 15. UBS upgraded Wells Fargo & Co (NYSE:WFC) on Monday, October 10 to “Neutral” rating. BMO Capital Markets maintained Wells Fargo & Co (NYSE:WFC) on Friday, July 14 with “Sell” rating. As per Wednesday, April 26, the company rating was upgraded by Guggenheim. The rating was downgraded by Guggenheim on Tuesday, November 15 to “Neutral”. RBC Capital Markets maintained Wells Fargo & Co (NYSE:WFC) rating on Wednesday, August 30. RBC Capital Markets has “Buy” rating and $60.0 target.

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on January, 12. They expect $1.04 earnings per share, up 0.97% or $0.01 from last year’s $1.03 per share. WFC’s profit will be $5.12 billion for 12.89 P/E if the $1.04 EPS becomes a reality. After $1.04 actual earnings per share reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 0.88 in Q2 2017. Its up 0.12, from 0.76 in 2017Q1. It improved, as 85 investors sold WFC shares while 685 reduced holdings. 110 funds opened positions while 566 raised stakes. 3.66 billion shares or 1.73% less from 3.73 billion shares in 2017Q1 were reported. The Minnesota-based Us Retail Bank De has invested 0.94% in Wells Fargo & Co (NYSE:WFC). Waverton Invest Limited reported 5.75% stake. Moreover, Summit Asset Management Lc has 0.34% invested in Wells Fargo & Co (NYSE:WFC). Morgan Stanley reported 25.85 million shares. Janney Montgomery Scott Ltd Limited Liability Company has 0.52% invested in Wells Fargo & Co (NYSE:WFC). Schulhoff And invested 0.18% of its portfolio in Wells Fargo & Co (NYSE:WFC). Roundview Limited Liability Company holds 51,588 shares or 0.83% of its portfolio. Burney has 16,617 shares. Pictet Bank & Trust And Tru Ltd invested in 110,480 shares or 1.93% of the stock. Cayman Islands-based Quantres Asset Mngmt Limited has invested 0.56% in Wells Fargo & Co (NYSE:WFC). 1.54M were accumulated by Long Pond Capital Limited Partnership. Beech Hill, a New York-based fund reported 57,720 shares. Artemis Inv Mgmt Limited Liability Partnership reported 697,319 shares. 177 are owned by D Scott Neal Incorporated. Oregon Pub Employees Retirement Fund reported 0.45% in Wells Fargo & Co (NYSE:WFC).

Theleme Partners Llp, which manages about $1.87 billion US Long portfolio, upped its stake in Bank Amer Corp (NYSE:BAC) by 550,000 shares to 19.75 million shares, valued at $479.20M in 2017Q2, according to the filing.

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