As Time Warner (Call) (TWX) Market Value Declined, Mkp Capital Management Has Raised by $7.61 Million Its Holding; Hanson Mcclain Holding in Wells Fargo Co New (WFC) Has Decreased by $332,488

August 12, 2018 - By Pearl Odom

Wells Fargo & Company (NYSE:WFC) Logo

Hanson Mcclain Inc decreased its stake in Wells Fargo Co New (WFC) by 19.04% based on its latest 2018Q1 regulatory filing with the SEC. Hanson Mcclain Inc sold 6,394 shares as the company’s stock declined 8.45% with the market. The institutional investor held 27,180 shares of the major banks company at the end of 2018Q1, valued at $1.43 million, down from 33,574 at the end of the previous reported quarter. Hanson Mcclain Inc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $279.58B market cap company. The stock decreased 0.67% or $0.39 during the last trading session, reaching $58.05. About 16.17M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since August 12, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 12/04/2018 – JBT Presenting at Wells Fargo Industrials Conference May 8; 19/04/2018 – NY’s DiNapoli Says Wells Fargo’s Incentive Pay Practices May Have Exposed It to Financial Loss; 23/04/2018 – Wells Fargo Agrees to $1 Billion Fine in Settlement (Audio); 05/04/2018 – “Wells Fargo’s substantial underperformance has created a buying opportunity,” Saul Martinez says in a note to clients; 20/04/2018 – Brian Schwartz: Wells Fargo nears $1 billion settlement for loan abuses; 14/05/2018 – Fundlogic Adds Wells Fargo, Exits Cigna, Cuts Vertex: 13F; 24/04/2018 – Wells Fargo Hldrs Elect Directors; Vote on Proposals at 2018 Annual Meeting of Hldrs; 20/04/2018 – FinSrvcsMinority: Waters Statement on Regulators’ Enforcement Action Against Wells Fargo; 20/04/2018 – The Associated Press: BREAKING: Wells Fargo hit with $1 billion fine for auto loan and mortgage abuses; 11/05/2018 – AKCEA THERAPEUTICS INC AKCA.O : WELLS FARGO RAISES TO OUTPERFORM FROM MARKET PERFORM

Mkp Capital Management Llc increased its stake in Time Warner Inc (Call) (TWX) by 426.32% based on its latest 2018Q1 regulatory filing with the SEC. Mkp Capital Management Llc bought 81,000 shares as the company’s stock declined 1.16% with the market. The hedge fund held 100,000 shares of the television services company at the end of 2018Q1, valued at $9.46M, up from 19,000 at the end of the previous reported quarter. Mkp Capital Management Llc who had been investing in Time Warner Inc (Call) for a number of months, seems to be bullish on the $77.27 billion market cap company. It closed at $98.77 lastly. It is down 5.23% since August 12, 2017 and is downtrending. It has underperformed by 17.80% the S&P500. Some Historical TWX News: 25/04/2018 – TIME WARNER INC TWX.N : BMO RAISES TARGET PRICE TO $100 FROM $95; 11/05/2018 – ♫ Reuters Insider – Trading at Noon: AT&T CEO calls hiring Michael Cohen a “big mistake”; 13/03/2018 – After-hours buzz: STFX & TWX; 07/03/2018 – Aetna/CVS: Senate antitrust hearing on ice until AT&T trial decision – source familiar; 08/05/2018 – ♫ Reuters Insider – Exclusive: Comcast readies bid for 21st Century Fox; 26/04/2018 – Former FDA Commissioner Dr. Robert Califf to Keynote NewYorkBlO Annual Meeting Being Held May 16-17, 2018 at 10 on the Park at Time Warner Center; 12/04/2018 – AT&T economist argues Time Warner merger is good for consumers; 10/03/2018 – AT&T, Justice Department Clash Over Merits of Time Warner Deal; 08/05/2018 – U.S. urges judge to force AT&T to scrap deal or sell DirecTV or Turner; 26/04/2018 – TIME WARNER INC – QTRLY WARNER BROS REVENUES DECREASED 4% ($127 MLN) TO $3.2 BLN

More notable recent Time Warner Inc. (NYSE:TWX) news were published by: Bizjournals.com which released: “AT&T shares at multiyear lows as company prepares for key second-quarter report” on July 23, 2018, also Seekingalpha.com with their article: “AT&T: Armageddon” published on July 26, 2018, Seekingalpha.com published: “HB-Oh No!” on July 15, 2018. More interesting news about Time Warner Inc. (NYSE:TWX) were released by: Seekingalpha.com and their article: “Merger Arbitrage Mondays – July 16, 2018” published on July 16, 2018 as well as Seekingalpha.com‘s news article titled: “Do Verizon Investors Know About This $300 Million Secret?” with publication date: July 23, 2018.

Investors sentiment increased to 0.98 in Q1 2018. Its up 0.07, from 0.91 in 2017Q4. It improved, as 68 investors sold TWX shares while 336 reduced holdings. 98 funds opened positions while 299 raised stakes. 589.17 million shares or 1.52% less from 598.25 million shares in 2017Q4 were reported. Reynders Mcveigh Cap Lc, a Massachusetts-based fund reported 874 shares. Focused Wealth Mgmt has invested 0.03% in Time Warner Inc. (NYSE:TWX). First Interstate Retail Bank owns 53 shares for 0% of their portfolio. Davide Leone Ptnrs Investment Limited Liability Partnership reported 8.82% stake. Aviva Public Limited Co reported 395,232 shares or 0.23% of all its holdings. Havens Advsrs Ltd Llc holds 7.76% or 107,000 shares. Blackrock reported 45.97M shares. Lipe And Dalton reported 3.41% in Time Warner Inc. (NYSE:TWX). Texas Permanent School Fund accumulated 201,498 shares. Massmutual Tru Commerce Fsb Adv accumulated 1,461 shares. Bb&T Lc reported 95,308 shares. Hancock Holdg has 19,800 shares for 0.08% of their portfolio. Schwab Charles Mgmt Inc accumulated 2.99 million shares. Kemnay Advisory has invested 3.13% of its portfolio in Time Warner Inc. (NYSE:TWX). Commerzbank Aktiengesellschaft Fi has 35,747 shares for 0.04% of their portfolio.

Among 41 analysts covering Time Warner Inc. (NYSE:TWX), 15 have Buy rating, 0 Sell and 26 Hold. Therefore 37% are positive. Time Warner Inc. had 129 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Time Warner Inc. (NYSE:TWX) earned “Buy” rating by Jefferies on Friday, July 28. The company was downgraded on Thursday, November 5 by CLSA. The company was maintained on Monday, June 26 by Jefferies. The stock of Time Warner Inc. (NYSE:TWX) earned “Buy” rating by Citigroup on Friday, August 14. The firm earned “Neutral” rating on Monday, October 24 by Goldman Sachs. Wedbush maintained it with “Outperform” rating and $88 target in Friday, July 29 report. Telsey Advisory Group initiated Time Warner Inc. (NYSE:TWX) rating on Friday, February 5. Telsey Advisory Group has “Outperform” rating and $89 target. The firm has “Outperform” rating given on Monday, November 7 by Credit Suisse. The stock has “Buy” rating by S&P Research on Thursday, August 6. As per Thursday, June 14, the company rating was downgraded by Loop Capital.

Mkp Capital Management Llc, which manages about $23.99 billion and $132.18 million US Long portfolio, decreased its stake in Ishares Tr (Call) (EEM) by 11.67M shares to 500,000 shares, valued at $24.14 million in 2018Q1, according to the filing.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 18 have Buy rating, 7 Sell and 14 Hold. Therefore 46% are positive. Wells Fargo & Company had 153 analyst reports since July 29, 2015 according to SRatingsIntel. UBS upgraded the shares of WFC in report on Thursday, April 5 to “Buy” rating. The stock of Wells Fargo & Company (NYSE:WFC) has “Underweight” rating given on Monday, April 30 by Morgan Stanley. The firm earned “Hold” rating on Friday, July 28 by Piper Jaffray. As per Wednesday, April 12, the company rating was maintained by Sandler O’Neill. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by Susquehanna on Sunday, February 4. Morgan Stanley maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, February 2. Morgan Stanley has “Overweight” rating and $75 target. The stock of Wells Fargo & Company (NYSE:WFC) earned “Hold” rating by Jefferies on Sunday, April 15. The firm has “Buy” rating by RBC Capital Markets given on Thursday, July 27. The rating was downgraded by BMO Capital Markets to “Underperform” on Friday, November 18. The company was initiated on Thursday, March 24 by UBS.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on October, 12. They expect $1.17 earnings per share, up 12.50% or $0.13 from last year’s $1.04 per share. WFC’s profit will be $5.63B for 12.40 P/E if the $1.17 EPS becomes a reality. After $1.08 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Bizjournals.com which released: “Beleaguered Wells Fargo hit with $2 billion fine over mortgages” on August 01, 2018, also Seekingalpha.com with their article: “Wells Fargo: Should We Start Building Longs?” published on August 09, 2018, Seekingalpha.com published: “Wells Fargo: Dividend Yield And Share Buyback Program Make It A Buy” on July 18, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Benzinga.com and their article: “KBW Upgrades Wells Fargo Despite Q2 Miss, Says Valuation ‘Compelling'” published on July 16, 2018 as well as Seekingalpha.com‘s news article titled: “Wells Fargo: Poised For 2019 Turnaround?” with publication date: July 17, 2018.

Investors sentiment decreased to 0.59 in Q1 2018. Its down 0.16, from 0.75 in 2017Q4. It dropped, 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. Holt Limited Com Dba Holt Prtn LP reported 34,489 shares. Northstar Invest Advsrs Limited Co reported 0.12% in Wells Fargo & Company (NYSE:WFC). Utah Retirement System stated it has 0.92% of its portfolio in Wells Fargo & Company (NYSE:WFC). Waverton Investment Mngmt accumulated 0.07% or 23,132 shares. Budros Ruhlin And Roe invested in 23,977 shares or 0.35% of the stock. Dixon Hubard Feinour And Brown Inc Va holds 0.11% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 7,259 shares. Highvista Strategies Ltd Com holds 4,700 shares or 0.1% of its portfolio. Verition Fund Mngmt Llc owns 24,623 shares for 0.1% of their portfolio. Clifford Swan Counsel Ltd Liability Company reported 828,488 shares. Cullen Mgmt Lc reported 2.23% stake. Lee Danner & Bass Inc holds 94,093 shares or 0.51% of its portfolio. Barrett Asset Management Ltd Llc reported 15,605 shares stake. Moreover, Spears Abacus has 0.24% invested in Wells Fargo & Company (NYSE:WFC) for 34,726 shares. Weatherstone Cap owns 5,038 shares for 0.2% of their portfolio. Intersect Cap Limited Co stated it has 1.34% of its portfolio in Wells Fargo & Company (NYSE:WFC).

Hanson Mcclain Inc, which manages about $1.61 billion and $1.30 billion US Long portfolio, upped its stake in Spdr Ser Tr by 7,838 shares to 174,079 shares, valued at $8.32M in 2018Q1, according to the filing. It also increased its holding in Vanguard Index Fds (VTI) by 79,542 shares in the quarter, for a total of 3.22 million shares, and has risen its stake in Ishares Tr (AGG).

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

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