Apple (AAPL) Holder Griffin Asset Management Has Cut Its Stake; Wells Fargo & Co New Com (WFC) Holder First Western Capital Management Company Lowered Stake

April 26, 2018 - By Louis Casey

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First Western Capital Management Company decreased its stake in Wells Fargo & Co New Com (WFC) by 50% based on its latest 2017Q4 regulatory filing with the SEC. First Western Capital Management Company sold 11,932 shares as the company’s stock declined 16.98% with the market. The hedge fund held 11,932 shares of the major banks company at the end of 2017Q4, valued at $724,000, down from 23,864 at the end of the previous reported quarter. First Western Capital Management Company who had been investing in Wells Fargo & Co New Com for a number of months, seems to be less bullish one the $256.20 billion market cap company. The stock decreased 1.03% or $0.545 during the last trading session, reaching $52.565. About 9.52M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 26, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Griffin Asset Management Inc decreased its stake in Apple Inc (AAPL) by 5.84% based on its latest 2017Q4 regulatory filing with the SEC. Griffin Asset Management Inc sold 5,178 shares as the company’s stock declined 3.81% with the market. The institutional investor held 83,506 shares of the computer manufacturing company at the end of 2017Q4, valued at $14.13M, down from 88,684 at the end of the previous reported quarter. Griffin Asset Management Inc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $832.05 billion market cap company. The stock increased 0.20% or $0.33 during the last trading session, reaching $163.98. About 16.71 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since April 26, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

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

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 9 Sell and 15 Hold. Therefore 38% are positive. Wells Fargo & Company had 146 analyst reports since July 29, 2015 according to SRatingsIntel. Barclays Capital maintained Wells Fargo & Company (NYSE:WFC) rating on Monday, July 18. Barclays Capital has “Overweight” rating and $61 target. On Thursday, January 7 the stock rating was upgraded by Citigroup to “Buy”. Bernstein upgraded Wells Fargo & Company (NYSE:WFC) on Wednesday, January 3 to “Outperform” rating. On Friday, April 13 the stock rating was maintained by BMO Capital Markets with “Hold”. BMO Capital Markets maintained it with “Sell” rating and $4900 target in Friday, July 14 report. The firm earned “Neutral” rating on Tuesday, April 11 by Piper Jaffray. The firm earned “Buy” rating on Friday, August 25 by Keefe Bruyette & Woods. The company was maintained on Monday, April 25 by Nomura. The rating was downgraded by Citigroup on Monday, February 5 to “Hold”. The firm earned “Overweight” rating on Tuesday, September 20 by Morgan Stanley.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 earnings per share, up 9.35% or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70B for 11.23 P/E if the $1.17 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It is positive, 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. Elm Advsr Limited Liability Com has invested 0.2% in Wells Fargo & Company (NYSE:WFC). Michigan-based Monroe Bancorp Mi has invested 0.36% in Wells Fargo & Company (NYSE:WFC). Alphaone Services Limited Liability Corporation holds 0.01% in Wells Fargo & Company (NYSE:WFC) or 730 shares. Fund Mngmt Sa reported 137,295 shares stake. Cullinan Associates stated it has 0.06% of its portfolio in Wells Fargo & Company (NYSE:WFC). Lsv Asset Mgmt, a Illinois-based fund reported 3.12 million shares. Timber Creek Capital Mngmt Limited Liability Com has 976 shares. Kidder Stephen W owns 9,850 shares. Ironwood Financial Ltd Liability owns 3,144 shares. Moreover, Portland Global Advsr Limited Company has 0.1% invested in Wells Fargo & Company (NYSE:WFC). Financial Engines Limited Liability has invested 0% in Wells Fargo & Company (NYSE:WFC). First Dallas holds 5,228 shares. Hilltop Holdings, Texas-based fund reported 30,752 shares. Allsquare Wealth Mngmt Limited Liability has invested 0.2% in Wells Fargo & Company (NYSE:WFC). First Comml Bank holds 114,215 shares or 1.14% of its portfolio.

Since December 7, 2017, it had 0 buys, and 5 sales for $26.72 million activity. SCHILLER PHILIP W also sold $11.56M worth of Apple Inc. (NASDAQ:AAPL) shares. Riccio Daniel J. also sold $2.94 million worth of Apple Inc. (NASDAQ:AAPL) on Wednesday, April 4.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on May, 1 after the close. They expect $2.71 earnings per share, up 29.05% or $0.61 from last year’s $2.1 per share. AAPL’s profit will be $13.75B for 15.13 P/E if the $2.71 EPS becomes a reality. After $3.89 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -30.33% negative EPS growth.

Among 54 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 18 Hold. Therefore 65% are positive. Apple Inc. had 402 analyst reports since July 21, 2015 according to SRatingsIntel. Wells Fargo downgraded the shares of AAPL in report on Thursday, September 8 to “Market Perform” rating. The rating was maintained by FBR Capital with “Outperform” on Monday, August 24. The rating was maintained by FBR Capital on Wednesday, July 22 with “Outperform”. The company was maintained on Wednesday, August 23 by Drexel Hamilton. The company was maintained on Wednesday, April 27 by Nomura. The firm earned “Equal-Weight” rating on Wednesday, August 2 by Barclays Capital. The stock has “Neutral” rating by Atlantic Securities on Monday, January 22. RBC Capital Markets maintained Apple Inc. (NASDAQ:AAPL) on Thursday, December 17 with “Outperform” rating. The firm has “Outperform” rating by Wells Fargo given on Friday, September 11. The firm has “Buy” rating given on Monday, July 10 by Piper Jaffray.

Griffin Asset Management Inc, which manages about $394.93 million and $561.95 million US Long portfolio, upped its stake in Graco Inc (NYSE:GGG) by 26,905 shares to 43,545 shares, valued at $1.97M in 2017Q4, according to the filing. It also increased its holding in Bank Of America Corp (NYSE:BAC) by 21,075 shares in the quarter, for a total of 71,892 shares, and has risen its stake in Pfizer (NYSE:PFE).

Investors sentiment increased to 0.73 in Q4 2017. Its up 0.03, from 0.7 in 2017Q3. It is positive, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Callahan Advisors Ltd has 3.81% invested in Apple Inc. (NASDAQ:AAPL) for 113,454 shares. Seaward Management Limited Partnership reported 5.63% in Apple Inc. (NASDAQ:AAPL). Arrow Financial invested in 85,561 shares. Segment Wealth Mgmt Limited Liability Corp has invested 1.62% in Apple Inc. (NASDAQ:AAPL). Glenview Capital Mgmt Ltd Company invested in 1.26 million shares. Lsv Asset Mgmt invested 0.43% in Apple Inc. (NASDAQ:AAPL). 14,852 were reported by First United Bankshares Trust. Plante Moran Fincl Advsr Limited Liability Company invested in 33,725 shares. Nbt Bank & Trust N A Ny holds 3.18% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 119,225 shares. Amer Ins Tx owns 3.78% invested in Apple Inc. (NASDAQ:AAPL) for 444,205 shares. Garnet Equity Holdg Incorporated reported 5.08% in Apple Inc. (NASDAQ:AAPL). Investment Oh Adv holds 0.74% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 5,912 shares. Deroy And Devereaux Private Investment Counsel Incorporated owns 155,755 shares. Greenwich Wealth Mngmt Ltd Limited Liability Company holds 1.84% or 65,036 shares. Wedgewood Partners owns 1.13M shares.

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