As Wells Fargo & Co (WFC) Stock Value Declined, Dubuque Bank & Trust Company Lifted Stake; Holder Beddow Capital Management Has Increased Texas Pacific Land Trust (TPL) Stake

May 25, 2018 - By Ash

Wells Fargo & Company (NYSE:WFC) Logo

Ed Beddow increased its stake in Texas Pacific Land Trust (TPL) by 12.62% based on its latest 2017Q4 regulatory filing with the SEC. Beddow Capital Management Inc bought 1,269 shares as the company’s stock rose 14.99% while stock markets declined. The hedge fund run by Ed Beddow held 11,325 shares of the oil & gas production company at the end of 2017Q4, valued at $5.06M, up from 10,056 at the end of the previous reported quarter. Beddow Capital Management Inc who had been investing in Texas Pacific Land Trust for a number of months, seems to be bullish on the $5.31B market cap company. The stock decreased 2.28% or $15.9 during the last trading session, reaching $680. About 20,778 shares traded or 19.19% up from the average. Texas Pacific Land Trust (NYSE:TPL) has risen 76.38% since May 25, 2017 and is uptrending. It has outperformed by 64.83% the S&P500.

Dubuque Bank & Trust Company increased its stake in Wells Fargo & Co (WFC) by 11.37% based on its latest 2017Q4 regulatory filing with the SEC. Dubuque Bank & Trust Company bought 16,450 shares as the company’s stock declined 16.98% with the market. The institutional investor held 161,112 shares of the major banks company at the end of 2017Q4, valued at $9.77 million, up from 144,662 at the end of the previous reported quarter. Dubuque Bank & Trust Company who had been investing in Wells Fargo & Co for a number of months, seems to be bullish on the $267.57B market cap company. The stock increased 0.44% or $0.24 during the last trading session, reaching $54.91. About 16.42M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 25, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Another recent and important Texas Pacific Land Trust (NYSE:TPL) news was published by Businesswire.com which published an article titled: “Texas Pacific Land Trust Announces First Quarter 2018 Financial Results” on April 30, 2018.

Beddow Capital Management Inc, which manages about $385.61 million and $246.75M US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 8,513 shares to 67,247 shares, valued at $9.40M in 2017Q4, according to the filing. It also reduced its holding in Koninklijke Philips Nv (NYSE:PHG) by 53,303 shares in the quarter, leaving it with 248,896 shares, and cut its stake in National Oilwell Varco (NYSE:NOV).

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.07, from 1.12 in 2017Q3. It is positive, as 5 investors sold TPL shares while 32 reduced holdings. 14 funds opened positions while 30 raised stakes. 2.86 million shares or 0.50% less from 2.87 million shares in 2017Q3 were reported. Tocqueville Asset Lp owns 701 shares or 0% of their US portfolio. Nelson Van Denburg And Campbell Wealth Mgmt Grp Inc Ltd Liability Co holds 100 shares. Aperio Ltd Company invested in 0% or 1,158 shares. Glenmede Comm Na holds 0% in Texas Pacific Land Trust (NYSE:TPL) or 100 shares. The Vermont-based Trust Communication Of Vermont has invested 0.04% in Texas Pacific Land Trust (NYSE:TPL). Legal & General Group Public Limited Com reported 39 shares. Steinberg Global Asset accumulated 12,862 shares. Tradewinds Management Limited Liability Corporation invested 0.01% of its portfolio in Texas Pacific Land Trust (NYSE:TPL). Johnson Counsel holds 463 shares or 0.01% of its portfolio. Lagoda Investment Ltd Partnership has invested 3.76% in Texas Pacific Land Trust (NYSE:TPL). Gofen Glossberg Ltd Liability Com Il accumulated 1,000 shares. Lawson Kroeker Invest Mgmt Ne owns 65,353 shares. Vanguard Gru reported 14,679 shares or 0% of all its holdings. Eagleclaw Managment Limited Liability Corp holds 2.06% or 9,140 shares in its portfolio. Brown Brothers Harriman And accumulated 0% or 234 shares.

Dubuque Bank & Trust Company, which manages about $660.44 million US Long portfolio, decreased its stake in At&T Inc (NYSE:T) by 11,264 shares to 13,766 shares, valued at $535,000 in 2017Q4, according to the filing. It also reduced its holding in Tesla Inc (NASDAQ:TSLA) by 6,327 shares in the quarter, leaving it with 654 shares, and cut its stake in Vanguard Etf/Usa (VTI).

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. Keefe Bruyette & Woods maintained it with “Hold” rating and $5500 target in Sunday, April 15 report. As per Friday, October 16, the company rating was maintained by RBC Capital Markets. Keefe Bruyette & Woods upgraded Wells Fargo & Company (NYSE:WFC) on Monday, April 30 to “Buy” rating. The firm earned “Outperform” rating on Wednesday, April 12 by Evercore. The stock has “Sell” rating by BMO Capital Markets on Friday, July 14. BMO Capital Markets maintained the stock with “Hold” rating in Friday, January 12 report. The firm has “Outperform” rating given on Monday, April 30 by Macquarie Research. The rating was maintained by Bank of America with “Buy” on Monday, February 5. The stock of Wells Fargo & Company (NYSE:WFC) has “Outperform” rating given on Monday, September 19 by Robert W. Baird. The firm has “Sell” rating given on Friday, July 21 by Berenberg.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It increased, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Mountain Pacific Inv Advisers Id invested 0.5% of its portfolio in Wells Fargo & Company (NYSE:WFC). Veritas Invest Mgmt (Uk) accumulated 2,250 shares or 0.05% of the stock. The New Jersey-based New Jersey Better Educational Savings has invested 1.6% in Wells Fargo & Company (NYSE:WFC). Intersect Ltd Llc has invested 1.68% of its portfolio in Wells Fargo & Company (NYSE:WFC). Quinn Opportunity Prtn Ltd Liability reported 92,000 shares. Ent Financial Svcs reported 4,892 shares or 0.14% of all its holdings. Girard Partners holds 69,920 shares or 0.81% of its portfolio. Mraz Amerine Assocs Inc has 16,033 shares. The Bahamas-based Pictet Bancorporation Limited has invested 1.78% in Wells Fargo & Company (NYSE:WFC). Credit Agricole S A owns 51,540 shares or 0.21% of their US portfolio. Polar Asset Prtn holds 1.20 million shares. Baystate Wealth Mngmt Ltd Limited Liability Company invested in 1,545 shares. Riggs Asset Managment holds 0.01% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 504 shares. The Illinois-based Ubs Asset Americas has invested 0.95% in Wells Fargo & Company (NYSE:WFC). Strs Ohio stated it has 0.97% in Wells Fargo & Company (NYSE:WFC).

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Bizjournals.com which released: “Wells Fargo taps JPMorgan Chase exec as chief risk officer” on May 07, 2018, also Bizjournals.com with their article: “Gun-control advocates target Bank of America on Remington deal after Santa Fe shooting” published on May 24, 2018, 247Wallst.com published: “Well Fargo Renews Its Commitment to You After Rip-Offs (Update)” on May 09, 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 247Wallst.com‘s news article titled: “Major Banks See Rising Tide of Short Interest” with publication date: May 25, 2018.

Texas Pacific Land Trust (NYSE:TPL) Institutional Positions Chart

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