Baskin Financial Services Has Decreased Stake in Neenah Paper (NP) by $420,325; Pinnacle Wealth Management Advisory Group Has Lowered Its Wells Fargo Company (WFC) Stake by $1.54 Million

January 20, 2018 - By Adrian Erickson

Baskin Financial Services Inc decreased its stake in Neenah Paper (NP) by 4.26% based on its latest 2017Q3 regulatory filing with the SEC. Baskin Financial Services Inc sold 4,945 shares as the company’s stock declined 0.59% while stock markets rallied. The institutional investor held 111,185 shares of the basic industries company at the end of 2017Q3, valued at $9.51 million, down from 116,130 at the end of the previous reported quarter. Baskin Financial Services Inc who had been investing in Neenah Paper for a number of months, seems to be less bullish one the $1.56 billion market cap company. The stock increased 1.47% or $1.35 during the last trading session, reaching $92.9. About 42,338 shares traded. Neenah, Inc. (NYSE:NP) has risen 14.60% since January 20, 2017 and is uptrending. It has underperformed by 2.10% the S&P500.

Pinnacle Wealth Management Advisory Group Llc decreased its stake in Wells Fargo Company (WFC) by 86.01% based on its latest 2017Q3 regulatory filing with the SEC. Pinnacle Wealth Management Advisory Group Llc sold 27,933 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 4,543 shares of the major banks company at the end of 2017Q3, valued at $251,000, down from 32,476 at the end of the previous reported quarter. Pinnacle Wealth Management Advisory Group Llc who had been investing in Wells Fargo Company for a number of months, seems to be less bullish one the $316.24B market cap company. The stock increased 0.42% or $0.27 during the last trading session, reaching $64.22. About 16.52M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 20, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Among 36 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 5 Sell and 14 Hold. Therefore 47% are positive. Wells Fargo & Company had 118 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Wells Fargo & Company (NYSE:WFC) earned “Outperform” rating by Evercore on Wednesday, April 12. Buckingham Research upgraded the shares of WFC in report on Thursday, December 21 to “Buy” rating. The company was maintained on Tuesday, September 27 by FBR Capital. The stock has “Outperform” rating by Robert W. Baird on Monday, September 19. Guggenheim downgraded Wells Fargo & Company (NYSE:WFC) on Tuesday, November 15 to “Neutral” rating. The stock has “Neutral” rating by Piper Jaffray on Tuesday, April 11. On Friday, November 18 the stock rating was downgraded by BMO Capital Markets to “Underperform”. On Friday, July 14 the stock rating was maintained by Oppenheimer with “Hold”. The rating was maintained by S&P Research on Thursday, August 13 with “Buy”. The company was maintained on Thursday, September 28 by Keefe Bruyette & Woods.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It worsened, 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. City, a West Virginia-based fund reported 59,159 shares. Numeric Invsts Ltd Liability Corporation invested in 314,700 shares or 0.13% of the stock. American Financial Inc has invested 0.69% in Wells Fargo & Company (NYSE:WFC). Ifc Holding Fl reported 0.03% of its portfolio in Wells Fargo & Company (NYSE:WFC). Johnson Investment Counsel reported 77,255 shares. Bancorpsouth holds 0.33% in Wells Fargo & Company (NYSE:WFC) or 59,874 shares. Mutual Of America Capital Mngmt Ltd Limited Liability Company invested in 0.49% or 545,366 shares. The Oregon-based Thompson Rubinstein Invest Or has invested 0.9% in Wells Fargo & Company (NYSE:WFC). Provise Mngmt Grp Inc Lc has 1.6% invested in Wells Fargo & Company (NYSE:WFC) for 199,798 shares. Stock Yards Retail Bank And stated it has 56,498 shares. Insight 2811 Inc reported 0.32% of its portfolio in Wells Fargo & Company (NYSE:WFC). Mitchell Sinkler And Starr Pa, a Pennsylvania-based fund reported 4,710 shares. Oak Oh owns 447,617 shares for 1.82% of their portfolio. Balasa Dinverno & Foltz Ltd Liability invested in 0.41% or 47,202 shares. Cypress Cap Group Inc invested in 36,041 shares or 0.42% of the stock.

Pinnacle Wealth Management Advisory Group Llc, which manages about $171.93 million US Long portfolio, upped its stake in Vanguard Small (VB) by 10,075 shares to 62,215 shares, valued at $8.79 million in 2017Q3, according to the filing. It also increased its holding in Ishares Msci Eafe Small Cap (SCZ) by 5,205 shares in the quarter, for a total of 84,151 shares, and has risen its stake in Vanguard Ftse Developed Mark (VEA).

Since August 3, 2017, it had 0 buys, and 8 sales for $1.23 million activity. Piedmonte James R sold $37,325 worth of Neenah, Inc. (NYSE:NP) on Thursday, August 3. $153,420 worth of Neenah, Inc. (NYSE:NP) was sold by Schertell Julie. $233,240 worth of stock was sold by Heinrichs Steven S on Wednesday, September 27. $392,794 worth of stock was sold by O’Donnell John P on Tuesday, January 16. $123,000 worth of stock was sold by Lind Bonnie Cruickshank on Thursday, August 3. $175,800 worth of Neenah, Inc. (NYSE:NP) was sold by Lucas Timothy S.

Investors sentiment increased to 1.29 in Q3 2017. Its up 0.30, from 0.99 in 2017Q2. It is positive, as 12 investors sold NP shares while 53 reduced holdings. 21 funds opened positions while 63 raised stakes. 14.56 million shares or 4.91% less from 15.31 million shares in 2017Q2 were reported. Schwab Charles Mngmt stated it has 0.01% of its portfolio in Neenah, Inc. (NYSE:NP). 534 were accumulated by Us Bancorp De. Geode owns 136,792 shares for 0% of their portfolio. Hancock holds 0.38% or 106,070 shares in its portfolio. National Bank & Trust Of America De accumulated 238,663 shares or 0% of the stock. Los Angeles Capital Mgmt & Equity Research holds 0.02% or 36,258 shares in its portfolio. Wellington Mgmt Group Llp invested 0.01% in Neenah, Inc. (NYSE:NP). Motley Fool Wealth Mngmt Limited Liability Co reported 2,572 shares. Sg Americas Ltd accumulated 7,550 shares or 0.01% of the stock. 26,048 are owned by Credit Suisse Ag. Segall Bryant Hamill Ltd reported 0.04% of its portfolio in Neenah, Inc. (NYSE:NP). Atwood Palmer has 500 shares for 0.01% of their portfolio. Thrivent Fin For Lutherans has 159,029 shares for 0.05% of their portfolio. Wells Fargo And Mn holds 0.02% or 869,568 shares. Utd Serv Automobile Association invested in 94,921 shares.

Baskin Financial Services Inc, which manages about $514.69 million US Long portfolio, upped its stake in Waste Connections Inc C$ by 4,349 shares to 252,571 shares, valued at $17.62M in 2017Q3, according to the filing. It also increased its holding in Bce Inc. (NYSE:BCE) by 7,228 shares in the quarter, for a total of 351,875 shares, and has risen its stake in Brookfield Asset Management (NYSE:BAM).

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