Flippin Bruce & Porter Continues to Hold Holding in Wells Fargo & Co (WFC); As Shutterfly (SFLY) Market Value Rose, Parametrica Management LTD Has Cut Stake by $718,470

June 23, 2018 - By Russell Anderson

Shutterfly, Inc. (NASDAQ:SFLY) Logo

Flippin Bruce & Porter Inc increased its stake in Wells Fargo & Co (WFC) by 4.2% based on its latest 2018Q1 regulatory filing with the SEC. Flippin Bruce & Porter Inc bought 6,437 shares as the company’s stock declined 8.45% with the market. The institutional investor held 159,803 shares of the major banks company at the end of 2018Q1, valued at $8.38 million, up from 153,366 at the end of the previous reported quarter. Flippin Bruce & Porter Inc who had been investing in Wells Fargo & Co for a number of months, seems to be bullish on the $262.84 billion market cap company. The stock decreased 0.79% or $0.43 during the last trading session, reaching $53.94. About 24.54M shares traded or 27.34% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 23, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 13/04/2018 – WELLS FARGO 1Q LOANS $951.0B VS. $956.77B Q/Q; 12/04/2018 – Wells Fargo Sued by FX Trader Claiming Wrongful Termination; 17/05/2018 – Wells Fargo Employees Altered Customer Documents in Business-Banking Division; 08/05/2018 – LYONDELLBASELL CEO BOB PATEL SPEAKS ON WELLS FARGO CONF WEBCAST; 30/04/2018 – Voya Global Equity Adds PNC, Exits Wells Fargo, Cuts Oracle; 19/04/2018 – WELLS FARGO & CO – ANNOUNCED IT WILL PROVIDE $200 BLN IN FINANCING TO SUSTAINABLE BUSINESSES AND PROJECTS BY 2030; 07/05/2018 – Eastman Chemical at Wells Fargo Industrials Conference Tomorrow; 11/04/2018 – DEADLINE ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Wells Fargo & Company (WFC) and Le; 09/04/2018 – Lauren Tara LaCapra: Exclusive: U.S. watchdog seeks record fine against Wells Fargo for abuses; 22/05/2018 – EnLink Midstream LLC at Wells Fargo Kick the Tires Tour Jun 7

Parametrica Management Ltd decreased its stake in Shutterfly Inc (SFLY) by 77.86% based on its latest 2018Q1 regulatory filing with the SEC. Parametrica Management Ltd sold 8,870 shares as the company’s stock rose 22.41% while stock markets declined. The institutional investor held 2,522 shares of the miscellaneous company at the end of 2018Q1, valued at $205,000, down from 11,392 at the end of the previous reported quarter. Parametrica Management Ltd who had been investing in Shutterfly Inc for a number of months, seems to be less bullish one the $3.14B market cap company. The stock increased 0.65% or $0.61 during the last trading session, reaching $94.76. About 624,077 shares traded. Shutterfly, Inc. (NASDAQ:SFLY) has risen 84.04% since June 23, 2017 and is uptrending. It has outperformed by 71.47% the S&P500. Some Historical SFLY News: 09/05/2018 – US Postal Service Honors Shutterfly Inc. with 2018 Partnership for Growth Award; 04/04/2018 – Amazon: Shutterfly Moving Infrastructure to AWS; 07/05/2018 – Shutterfly Presenting at Conference Tomorrow; 02/04/2018 – SHUTTERFLY INC – INCREMENTAL TERM LOAN AMENDMENT PROVIDES FOR INCURRENCE BY CO OF INCREMENTAL TERM LOAN IN AN AGGREGATE PRINCIPAL AMOUNT OF $825 MLN; 04/04/2018 – Shutterfly Goes All-In on AWS; 28/05/2018 – Shutterfly Non-Deal Roadshow Scheduled By SunTrust for Jun. 4; 01/05/2018 – SHUTTERFLY 1Q REV. $199.7M, EST. $192.0M; 15/05/2018 – P2 Capital Partners LLC Exits Position in Shutterfly; 14/05/2018 – SHUTTERFLY URGES HLDRS BACK COMPANY’S SLATE; 01/05/2018 – SHUTTERFLY 1Q LOSS/SHR 83C, EST. LOSS/SHR 95C

Flippin Bruce & Porter Inc, which manages about $395.97 million and $464.07M US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 10,854 shares to 53,079 shares, valued at $8.91 million in 2018Q1, according to the filing. It also reduced its holding in United Technologies Corp (NYSE:UTX) by 13,659 shares in the quarter, leaving it with 63,617 shares, and cut its stake in Lyondellbasell Industr Shs A (NYSE:LYB).

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo eyes post-Brexit hubs” on June 04, 2018, also Fool.com with their article: “Why Wells Fargo Is Leaving the Midwest Behind” published on June 06, 2018, Investorplace.com published: “3 Key Bank Stocks Ahead of the Stress Tests” on June 20, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Seekingalpha.com and their article: “WSJ: Wells Fargo planning to restructure wealth management business” published on June 18, 2018 as well as Bizjournals.com‘s news article titled: “How Bank of America and Wells Fargo fared in latest round of stress testing” with publication date: June 22, 2018.

Investors sentiment decreased to 0.59 in Q1 2018. Its down 0.16, from 0.75 in 2017Q4. It dived, as 108 investors sold WFC shares while 790 reduced holdings. 122 funds opened positions while 412 raised stakes. 3.62 billion shares or 0.62% less from 3.64 billion shares in 2017Q4 were reported. Oppenheimer Com reported 0.2% in Wells Fargo & Company (NYSE:WFC). Moreover, Mcdonald Capital Investors Ca has 8.41% invested in Wells Fargo & Company (NYSE:WFC). Headinvest Ltd Liability holds 5,688 shares. Coastline Trust has invested 0.34% in Wells Fargo & Company (NYSE:WFC). Rockland holds 2.29% or 330,317 shares. Community Trust & Inv Comm accumulated 6,829 shares or 0.04% of the stock. 9.67M were accumulated by Credit Suisse Ag. Deroy Devereaux Private Invest Counsel invested 0.04% of its portfolio in Wells Fargo & Company (NYSE:WFC). Great Lakes Advisors owns 16,259 shares or 0.02% of their US portfolio. Tiverton Asset Mngmt Lc holds 0.33% or 90,760 shares in its portfolio. Silvercrest Asset Gp Limited Com has 101,234 shares for 0.05% of their portfolio. Gsa Cap Ptnrs Llp holds 48,885 shares. Mairs & Power has invested 1.66% in Wells Fargo & Company (NYSE:WFC). Signature Financial Mngmt owns 40,682 shares. Fincl Architects reported 196,435 shares or 2.01% of all its holdings.

Since May 24, 2018, it had 0 buys, and 1 insider sale for $1.40 million activity.

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. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, December 12. Citigroup downgraded Wells Fargo & Company (NYSE:WFC) on Monday, February 5 to “Hold” rating. UBS upgraded the shares of WFC in report on Thursday, April 5 to “Buy” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Overweight” rating by Barclays Capital on Monday, April 16. The rating was maintained by Raymond James with “Sell” on Tuesday, August 8. JP Morgan upgraded Wells Fargo & Company (NYSE:WFC) on Friday, October 9 to “Overweight” rating. The stock has “Buy” rating by Sandler O’Neill on Thursday, March 29. The firm has “Buy” rating given on Monday, February 5 by Robert W. Baird. The company was maintained on Monday, November 13 by RBC Capital Markets. The rating was maintained by Jefferies with “Hold” on Friday, September 15.

Among 12 analysts covering Shutterfly (NASDAQ:SFLY), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Shutterfly had 36 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Shutterfly, Inc. (NASDAQ:SFLY) has “Neutral” rating given on Wednesday, October 11 by Goldman Sachs. The company was maintained on Friday, February 19 by Axiom Capital. The firm has “Buy” rating by Aegis Capital given on Wednesday, November 30. SunTrust maintained the stock with “Buy” rating in Friday, January 12 report. Jefferies maintained the shares of SFLY in report on Wednesday, June 21 with “Hold” rating. The firm has “Equal Weight” rating given on Thursday, July 30 by Barclays Capital. On Thursday, August 3 the stock rating was maintained by Jefferies with “Hold”. Goldman Sachs upgraded Shutterfly, Inc. (NASDAQ:SFLY) on Wednesday, May 2 to “Neutral” rating. The stock of Shutterfly, Inc. (NASDAQ:SFLY) has “Neutral” rating given on Thursday, February 4 by Bank of America. The stock of Shutterfly, Inc. (NASDAQ:SFLY) earned “Buy” rating by Axiom Capital on Thursday, February 4.

Analysts await Shutterfly, Inc. (NASDAQ:SFLY) to report earnings on July, 24. They expect $-0.83 earnings per share, down 88.64% or $0.39 from last year’s $-0.44 per share. After $-0.73 actual earnings per share reported by Shutterfly, Inc. for the previous quarter, Wall Street now forecasts 13.70% negative EPS growth.

Investors sentiment increased to 1.4 in 2018 Q1. Its up 0.31, from 1.09 in 2017Q4. It is positive, as 24 investors sold SFLY shares while 54 reduced holdings. 55 funds opened positions while 54 raised stakes. 35.31 million shares or 6.50% more from 33.16 million shares in 2017Q4 were reported. Koch Indus accumulated 4,059 shares. Tower Cap Limited Liability Corp (Trc) holds 5,428 shares. Pinebridge Invests Limited Partnership holds 0.05% in Shutterfly, Inc. (NASDAQ:SFLY) or 25,117 shares. Alliancebernstein Lp holds 0% or 49,805 shares in its portfolio. Profund Advsrs Ltd Liability Corp has 0.02% invested in Shutterfly, Inc. (NASDAQ:SFLY). Citadel Limited accumulated 136,102 shares. Moreover, California Public Employees Retirement Sys has 0.01% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 75,217 shares. Bnp Paribas Arbitrage Sa invested in 0% or 10,588 shares. Art Advsrs Llc invested in 0.19% or 57,062 shares. 542 were reported by Advsrs Preferred Ltd Liability Company. Great West Life Assurance Can has 42,527 shares for 0.01% of their portfolio. Kentucky-based Renaissance Grp Ltd Liability has invested 0.02% in Shutterfly, Inc. (NASDAQ:SFLY). Glenmede Tru Na reported 294 shares stake. Riverhead Lc owns 3,155 shares for 0.01% of their portfolio. Usa Portformulas Corp accumulated 5,338 shares.

Shutterfly, Inc. (NASDAQ:SFLY) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>