Tekla Capital Management Lowered Its Stake in Astrazeneca Plc (AZN) by $3.56 Million; Leisure Capital Management Holding in Wells Fargo Co New (WFC) Has Lowered by $1.44 Million as Valuation Declined

February 22, 2018 - By Adrian Mccoy

Tekla Capital Management Llc decreased its stake in Astrazeneca Plc (AZN) by 19.61% based on its latest 2017Q3 regulatory filing with the SEC. Tekla Capital Management Llc sold 108,000 shares as the company’s stock rose 16.26% with the market. The institutional investor held 442,600 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $15.00 million, down from 550,600 at the end of the previous reported quarter. Tekla Capital Management Llc who had been investing in Astrazeneca Plc for a number of months, seems to be less bullish one the $77.49B market cap company. The stock increased 0.56% or $0.19 during the last trading session, reaching $33.83. About 4.97 million shares traded or 30.65% up from the average. AstraZeneca PLC (NYSE:AZN) has risen 19.45% since February 22, 2017 and is uptrending. It has outperformed by 2.75% the S&P500.

Leisure Capital Management decreased its stake in Wells Fargo Co New (WFC) by 63.88% based on its latest 2017Q3 regulatory filing with the SEC. Leisure Capital Management sold 26,175 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 14,801 shares of the major banks company at the end of 2017Q3, valued at $816,000, down from 40,976 at the end of the previous reported quarter. Leisure Capital Management who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $292.18 billion market cap company. The stock decreased 0.37% or $0.22 during the last trading session, reaching $59.73. About 19.99 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 22, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Analysts await AstraZeneca PLC (NYSE:AZN) to report earnings on April, 26. They expect $0.44 earnings per share, down 55.56% or $0.55 from last year’s $0.99 per share. AZN’s profit will be $1.01B for 19.22 P/E if the $0.44 EPS becomes a reality. After $1.30 actual earnings per share reported by AstraZeneca PLC for the previous quarter, Wall Street now forecasts -66.15% negative EPS growth.

Among 26 analysts covering AstraZeneca plc (ADR) (NYSE:AZN), 16 have Buy rating, 0 Sell and 10 Hold. Therefore 62% are positive. AstraZeneca plc (ADR) had 44 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of AstraZeneca PLC (NYSE:AZN) earned “Buy” rating by Bryan Garnier & Cie on Friday, September 18. Citigroup maintained the shares of AZN in report on Wednesday, October 18 with “Buy” rating. The firm has “Hold” rating by Cowen & Co given on Thursday, July 27. The stock of AstraZeneca PLC (NYSE:AZN) has “Neutral” rating given on Wednesday, September 14 by BNP Paribas. S&P Research upgraded it to “Buy” rating and $38 target in Friday, July 31 report. The firm has “Hold” rating given on Thursday, July 27 by Leerink Swann. The rating was downgraded by Morgan Stanley on Friday, July 28 to “Equal-Weight”. The firm has “Overweight” rating given on Friday, September 23 by Piperjaffray. The company was maintained on Wednesday, August 9 by Piper Jaffray. The firm has “Neutral” rating by UBS given on Wednesday, April 5.

Tekla Capital Management Llc, which manages about $1.06 billion and $2.80B US Long portfolio, upped its stake in Centene Corporation (NYSE:CNC) by 37,558 shares to 230,158 shares, valued at $22.27M in 2017Q3, according to the filing. It also increased its holding in Allergan Plc by 28,369 shares in the quarter, for a total of 338,979 shares, and has risen its stake in Thermo Fisher Scientific Inc. (NYSE:TMO).

Since November 17, 2017, it had 0 buys, and 1 sale for $292,234 activity.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on April, 12. They expect $1.07 earnings per share, up 7.00% or $0.07 from last year’s $1 per share. WFC’s profit will be $5.23B for 13.96 P/E if the $1.07 EPS becomes a reality. After $0.97 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 10.31% EPS growth.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Sell” rating by Rafferty on Wednesday, April 12. As per Monday, October 9, the company rating was maintained by Citigroup. Jefferies maintained it with “Hold” rating and $62.0 target in Friday, September 15 report. The firm has “Sell” rating by Berenberg given on Friday, July 21. The firm earned “Neutral” rating on Wednesday, September 21 by JP Morgan. UBS maintained the shares of WFC in report on Monday, October 16 with “Neutral” rating. The firm has “Buy” rating given on Tuesday, September 8 by Deutsche Bank. UBS reinitiated the stock with “Neutral” rating in Wednesday, January 11 report. S&P Research maintained the stock with “Buy” rating in Thursday, August 13 report. The rating was maintained by Barclays Capital on Monday, July 18 with “Overweight”.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It fall, 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. Texas Yale Corp holds 0.23% or 47,557 shares in its portfolio. Atria Limited has invested 0.15% in Wells Fargo & Company (NYSE:WFC). Bb&T has invested 0.41% in Wells Fargo & Company (NYSE:WFC). Diversified Trust has 0.06% invested in Wells Fargo & Company (NYSE:WFC) for 14,541 shares. Baxter Bros reported 3.18% of its portfolio in Wells Fargo & Company (NYSE:WFC). Gam Holdings Ag has 0.2% invested in Wells Fargo & Company (NYSE:WFC). Security Commercial Bank Of So Dak holds 6,364 shares. 39,190 are held by Lederer & Assoc Counsel Ca. Cohen Klingenstein Ltd Limited Liability Company stated it has 0.21% of its portfolio in Wells Fargo & Company (NYSE:WFC). Van Hulzen Asset Mngmt Ltd Limited Liability Company stated it has 49,313 shares. Palisade Management Ltd Company Nj owns 18,850 shares or 0.04% of their US portfolio. Shayne Ltd Limited Liability Company has invested 0.68% in Wells Fargo & Company (NYSE:WFC). Eagle Glob Advisors Ltd holds 0.2% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 119,089 shares. Van Cleef Asset Managementinc reported 8,646 shares stake. Trust Asset Mngmt Ltd Llc holds 2,613 shares or 0.05% of its portfolio.

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