Stadion Money Management Has Cut Its Wells Fargo Co New (WFC) Stake by $301,080; Community Bank Position in Home Depot (HD) Increased as Share Price Declined

May 23, 2018 - By Marguerite Chambers

Wells Fargo & Company (NYSE:WFC) Logo

Community Bank increased its stake in Home Depot Inc (HD) by 17.53% based on its latest 2017Q4 regulatory filing with the SEC. Community Bank bought 1,720 shares as the company’s stock declined 7.15% with the market. The institutional investor held 11,533 shares of the consumer services company at the end of 2017Q4, valued at $2.19 million, up from 9,813 at the end of the previous reported quarter. Community Bank who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $213.53B market cap company. The stock decreased 0.87% or $1.63 during the last trading session, reaching $185.24. About 3.59M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.94% since May 23, 2017 and is uptrending. It has outperformed by 7.39% the S&P500.

Stadion Money Management Llc decreased its stake in Wells Fargo Co New (WFC) by 13.67% based on its latest 2017Q4 regulatory filing with the SEC. Stadion Money Management Llc sold 5,018 shares as the company’s stock declined 16.98% with the market. The institutional investor held 31,688 shares of the major banks company at the end of 2017Q4, valued at $1.92 million, down from 36,706 at the end of the previous reported quarter. Stadion Money Management Llc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $270.01B market cap company. The stock increased 0.27% or $0.15 during the last trading session, reaching $55.41. About 8.46 million shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 23, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Since December 7, 2017, it had 2 insider purchases, and 9 sales for $56.15 million activity. 41,396 shares were sold by Carey Matt, worth $7.58 million. Another trade for 45,549 shares valued at $8.51 million was made by HOLIFIELD MARK on Wednesday, May 16. Menear Craig A sold $20.89 million worth of The Home Depot, Inc. (NYSE:HD) on Wednesday, February 21. $3.31M worth of The Home Depot, Inc. (NYSE:HD) was sold by Decker Edward P.. Shares for $3.00M were bought by BRENNEMAN GREGORY D on Wednesday, March 21. Another trade for 6,650 shares valued at $1.19 million was made by CODINA ARMANDO M on Friday, March 2.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.21, from 1.14 in 2017Q3. It fall, as 51 investors sold HD shares while 662 reduced holdings. 164 funds opened positions while 501 raised stakes. 788.59 million shares or 0.96% less from 796.24 million shares in 2017Q3 were reported. James Inv has invested 0% of its portfolio in The Home Depot, Inc. (NYSE:HD). M Incorporated invested 0.1% of its portfolio in The Home Depot, Inc. (NYSE:HD). 2,263 are owned by Df Dent And Communication Inc. Sumitomo Mitsui Asset reported 102,232 shares. Pictet And Cie (Europe) holds 35,701 shares or 0.96% of its portfolio. Rmsincerbeaux Capital Limited Liability reported 13,250 shares stake. Strategic Fincl Services Inc holds 0.04% in The Home Depot, Inc. (NYSE:HD) or 1,177 shares. Diversified Tru has 4,142 shares for 0.05% of their portfolio. Zwj Investment Counsel Incorporated holds 0.49% or 32,927 shares. Moreover, Reynders Mcveigh Capital Mgmt Llc has 0.52% invested in The Home Depot, Inc. (NYSE:HD) for 21,007 shares. Page Arthur B accumulated 3.69% or 22,390 shares. Fisher Asset Mngmt Ltd Liability Company reported 3.97M shares or 0.98% of all its holdings. Pitcairn invested 0.18% of its portfolio in The Home Depot, Inc. (NYSE:HD). Washington stated it has 139,698 shares or 1.49% of all its holdings. Wolverine Asset Lc reported 1.29% in The Home Depot, Inc. (NYSE:HD).

Community Bank, which manages about $934.95M US Long portfolio, decreased its stake in Doubleline Total Return Bond I (DBLTX) by 224,403 shares to 1.96M shares, valued at $20.89M in 2017Q4, according to the filing. It also reduced its holding in Spdr Doubleline Total Returntact Etf by 21,565 shares in the quarter, leaving it with 114,550 shares, and cut its stake in Cove Street Capital Small Cap Val Instl.

Among 36 analysts covering The Home Depot Inc. (NYSE:HD), 25 have Buy rating, 0 Sell and 11 Hold. Therefore 69% are positive. The Home Depot Inc. had 120 analyst reports since August 19, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of HD in report on Wednesday, January 24 with “Buy” rating. As per Monday, February 5, the company rating was maintained by Jefferies. Credit Suisse maintained the shares of HD in report on Monday, December 7 with “Outperform” rating. On Wednesday, August 16 the stock rating was maintained by Bank of America with “Buy”. The rating was maintained by Argus Research with “Buy” on Wednesday, August 17. The firm has “Buy” rating given on Tuesday, January 30 by Guggenheim. Deutsche Bank maintained the shares of HD in report on Wednesday, August 17 with “Buy” rating. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by Argus Research on Wednesday, November 15. The stock has “Buy” rating by Credit Suisse on Wednesday, November 29. The firm earned “Hold” rating on Wednesday, November 18 by Cantor Fitzgerald.

More notable recent The Home Depot, Inc. (NYSE:HD) news were published by: Seekingalpha.com which released: “Home Depot: The Street Underappreciates This Reality” on May 16, 2018, also Fool.com with their article: “Is Home Depot, Inc. (HD) a Buy?” published on May 01, 2018, Bizjournals.com published: “Falcons owner Arthur Blank: Julio Jones will be in Atlanta ‘forever'” on May 23, 2018. More interesting news about The Home Depot, Inc. (NYSE:HD) were released by: Seekingalpha.com and their article: “Home Depot: With Expected 28% EPS Growth In FY18, Mr. Market Is Short-Sighted” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “JC Penney’s CEO Leaves For Lowe’s” with publication date: May 23, 2018.

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 given on Monday, April 30 by Keefe Bruyette & Woods. The stock has “Hold” rating by Piper Jaffray on Sunday, April 15. On Monday, April 16 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Hold” rating given on Monday, February 5 by Keefe Bruyette & Woods. The firm has “Underperform” rating by BMO Capital Markets given on Friday, November 18. As per Monday, April 25, the company rating was maintained by Nomura. On Thursday, March 24 the stock rating was initiated by UBS with “Sell”. The stock has “Buy” rating by Vertical Group on Thursday, December 7. As per Wednesday, September 2, the company rating was upgraded by Vetr. The rating was maintained by Vining Sparks with “Strong-Buy” on Friday, April 28.

Stadion Money Management Llc, which manages about $6.01B and $3.10B US Long portfolio, upped its stake in Intl Paper Co (NYSE:IP) by 7,137 shares to 31,384 shares, valued at $1.82 million in 2017Q4, according to the filing. It also increased its holding in Spdr Series Trust (LAG) by 339,272 shares in the quarter, for a total of 611,404 shares, and has risen its stake in Spdr Ser Tr.

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. Murphy Management accumulated 19,491 shares. Btc Capital reported 81,092 shares or 0.85% of all its holdings. The New York-based D E Shaw & Co has invested 0.21% in Wells Fargo & Company (NYSE:WFC). Payden And Rygel holds 1.7% or 322,100 shares. 16,537 were reported by Beach Inv Counsel Pa. Trillium Asset Mngmt Ltd Liability holds 0.01% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 4,470 shares. Gradient Invs Lc has invested 0.04% in Wells Fargo & Company (NYSE:WFC). Bancorporation Of Nova Scotia stated it has 890,088 shares or 0.25% of all its holdings. Hexavest has invested 0.39% in Wells Fargo & Company (NYSE:WFC). Vgi Partners Pty Ltd accumulated 480,812 shares. Wedgewood Invsts Pa holds 0.24% or 4,925 shares. Nj State Employees Deferred Compensation Plan has 100,000 shares. Serv Automobile Association has 0.41% invested in Wells Fargo & Company (NYSE:WFC). Monetary Management Group, a Missouri-based fund reported 19,298 shares. Honeywell reported 1.01M shares.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46B for 12.37 P/E if the $1.12 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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: “Wells Fargo’s ‘coolest exec’ leaves bank he helped shape in the online and mobile world” published on May 22, 2018, Seekingalpha.com published: “Tracking David Tepper’s Appaloosa Management Portfolio – Q1 2018 Update” on May 21, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Seekingalpha.com and their article: “Wells Fargo: Buying Opportunity?” published on April 25, 2018 as well as Livetradingnews.com‘s news article titled: “Wells Fargo & Company (NYSE:WFC) Heffx Trading Outlook” with publication date: May 21, 2018.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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