Wells Fargo Co New (WFC) Share Value Declined While Point72 Asia Hong Kong LTD Has Lowered Its Stake by $366,630; As Altria Group (MO) Stock Value Declined, Westover Capital Advisors Has Trimmed Stake

January 23, 2018 - By Ellis Scott

Westover Capital Advisors Llc decreased its stake in Altria Group Inc (MO) by 13.55% based on its latest 2017Q3 regulatory filing with the SEC. Westover Capital Advisors Llc sold 4,824 shares as the company’s stock declined 2.84% while stock markets rallied. The institutional investor held 30,773 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $1.95M, down from 35,597 at the end of the previous reported quarter. Westover Capital Advisors Llc who had been investing in Altria Group Inc for a number of months, seems to be less bullish one the $136.36 billion market cap company. The stock increased 0.25% or $0.18 during the last trading session, reaching $71.46. About 2.63M shares traded. Altria Group, Inc. (NYSE:MO) has risen 11.92% since January 23, 2017 and is uptrending. It has underperformed by 4.78% the S&P500.

Steve Cohen decreased its stake in Wells Fargo Co New (WFC) by 46.27% based on its latest 2017Q3 regulatory filing with the SEC. Point72 Asia Hong Kong Ltd sold 6,666 shares as the company’s stock declined 8.66% while stock markets rallied. The hedge fund run by Steve Cohen held 7,741 shares of the major banks company at the end of 2017Q3, valued at $427,000, down from 14,407 at the end of the previous reported quarter. Point72 Asia Hong Kong Ltd who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $318.21B market cap company. The stock decreased 0.17% or $0.11 during the last trading session, reaching $64.62. About 7.61 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 23, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Point72 Asia Hong Kong Ltd, which manages about $141.01M US Long portfolio, upped its stake in China Lodging Group Ltd (NASDAQ:HTHT) by 79,964 shares to 140,964 shares, valued at $16.75 million in 2017Q3, according to the filing. It also increased its holding in New Oriental Ed & Tech Grp I (NYSE:EDU) by 120,306 shares in the quarter, for a total of 248,300 shares, and has risen its stake in Vantiv Inc (NYSE:VNTV).

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. As per Tuesday, August 8, the company rating was maintained by Raymond James. The company was downgraded on Wednesday, April 12 by Rafferty. The firm earned “Hold” rating on Thursday, January 4 by BMO Capital Markets. The stock has “Sell” rating by UBS on Thursday, September 15. Jefferies downgraded the stock to “Hold” rating in Monday, November 28 report. The stock of Wells Fargo & Company (NYSE:WFC) has “Underweight” rating given on Friday, April 15 by Piper Jaffray. Credit Suisse downgraded Wells Fargo & Company (NYSE:WFC) on Thursday, February 16 to “Neutral” rating. On Monday, October 17 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. Compass Point maintained Wells Fargo & Company (NYSE:WFC) on Tuesday, January 19 with “Neutral” rating. The firm has “Buy” rating by Buckingham Research given on Thursday, December 21.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It dropped, 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. Sei reported 1.86M shares or 0.36% of all its holdings. Parkside Savings Bank reported 0.26% in Wells Fargo & Company (NYSE:WFC). Texas-based Texas Permanent School Fund has invested 0.88% in Wells Fargo & Company (NYSE:WFC). Richard Bernstein Advsr Ltd Llc has 0.2% invested in Wells Fargo & Company (NYSE:WFC) for 53,384 shares. Pekin Singer Strauss Asset Management Il has 7,531 shares. Manitoba – Canada-based Cardinal Capital has invested 1.37% in Wells Fargo & Company (NYSE:WFC). Polar Limited Liability Partnership holds 0.71% or 1.14 million shares in its portfolio. Asset Ltd Limited Liability Company reported 0.05% stake. First Commonwealth Corp Pa has invested 0.46% in Wells Fargo & Company (NYSE:WFC). Alpine Lc holds 0.08% or 5,200 shares in its portfolio. Franklin Street Advsr Incorporated Nc holds 23,880 shares. Ballentine Partners Ltd Liability Corp owns 28,546 shares. Cranbrook Wealth Management Limited Liability Corp owns 1,344 shares. Signature Fincl Management Inc reported 0.78% in Wells Fargo & Company (NYSE:WFC). Bedrijfstakpensioenfonds Voor De Media Pno owns 168,000 shares.

Since August 10, 2017, it had 0 insider buys, and 2 insider sales for $2.95 million activity. Another trade for 15,300 shares valued at $994,909 was sold by Barrington Martin J..

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.02, from 0.91 in 2017Q2. It is negative, as 91 investors sold MO shares while 516 reduced holdings. 118 funds opened positions while 420 raised stakes. 1.17 billion shares or 0.77% more from 1.16 billion shares in 2017Q2 were reported. Financial Architects Inc stated it has 0.19% in Altria Group, Inc. (NYSE:MO). Cranbrook Wealth Mngmt Ltd Com reported 0.07% of its portfolio in Altria Group, Inc. (NYSE:MO). Archon Prtn Limited Liability Co accumulated 1.9% or 128,400 shares. Efg Asset Management (Americas) Corp holds 0.57% of its portfolio in Altria Group, Inc. (NYSE:MO) for 23,503 shares. Atria Ltd Liability Corp holds 0.33% or 94,564 shares in its portfolio. Bouchey Financial Group Inc reported 6,944 shares. Oppenheimer And accumulated 0.38% or 221,288 shares. Kemper Corp Master Retirement stated it has 66,100 shares. Rhumbline Advisers has invested 0.4% of its portfolio in Altria Group, Inc. (NYSE:MO). Pineno Levin Ford Asset Management Inc, a Virginia-based fund reported 5,831 shares. Spectrum Asset Inc (Nb Ca) holds 5,653 shares. Suntrust Banks has invested 0.42% in Altria Group, Inc. (NYSE:MO). Flippin Bruce Porter Inc holds 0.11% of its portfolio in Altria Group, Inc. (NYSE:MO) for 7,800 shares. Wetherby Asset Incorporated has invested 0.36% of its portfolio in Altria Group, Inc. (NYSE:MO). Chesley Taft And Limited Liability Company holds 0.03% or 5,038 shares.

Westover Capital Advisors Llc, which manages about $162.39 million and $169.91M US Long portfolio, upped its stake in Amc Networks Inc (NASDAQ:AMCX) by 11,644 shares to 16,918 shares, valued at $989,000 in 2017Q3, according to the filing. It also increased its holding in Ishares Iboxx Investment Gra (LQD) by 7,058 shares in the quarter, for a total of 15,583 shares, and has risen its stake in Mondelez International Inc (NASDAQ:MDLZ).

Among 19 analysts covering Altria Group Inc. (NYSE:MO), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. Altria Group Inc. had 56 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, August 24 by Jefferies. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, October 3. Wells Fargo maintained the stock with “Buy” rating in Thursday, January 4 report. The rating was downgraded by RBC Capital Markets on Thursday, March 23 to “Underperform”. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, January 10. The rating was maintained by Cowen & Co on Thursday, October 26 with “Buy”. As per Thursday, October 26, the company rating was maintained by Piper Jaffray. Berenberg initiated the shares of MO in report on Tuesday, June 14 with “Buy” rating. The firm has “Market Perform” rating by Cowen & Co given on Friday, October 30. As per Monday, November 6, the company rating was maintained by RBC Capital Markets.

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