Evergreen Capital Management Cut By $3.23 Million Its Wells Fargo Co New (WFC) Holding; Potlatch (PCH)’s Sentiment Is 2.65

June 14, 2018 - By wolcottdaily

Wells Fargo & Company (NYSE:WFC) Logo

Evergreen Capital Management Llc decreased Wells Fargo Co New (WFC) stake by 78.77% reported in 2018Q1 SEC filing. Evergreen Capital Management Llc sold 62,050 shares as Wells Fargo Co New (WFC)’s stock declined 8.45%. The Evergreen Capital Management Llc holds 16,721 shares with $876,000 value, down from 78,771 last quarter. Wells Fargo Co New now has $267.03B valuation. The stock decreased 0.65% or $0.36 during the last trading session, reaching $54.8. About 11.22M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 14, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: ; 24/05/2018 – ROWAN COMPANIES PLC RDC.N : WELLS FARGO RAISES TO OUTPERFORM FROM MARKET PERFORM; 22/05/2018 – WELLS FARGO & CO – ELLIS WILL RETIRE IN SEPTEMBER; 15/03/2018 – Wells Fargo CEO defends pay; calls U.S. Senator Warren’s criticism ‘inappropriate’; 07/05/2018 – Idex Presenting at Wells Fargo Industrials Conference Tomorrow; 19/04/2018 – Settlement May Include Scrutiny of Compensation to Workers Responsible for Bank’s Sales Practices; 06/03/2018 – Nuns steer Wells Fargo on to righteous path; 11/05/2018 – WELLS FARGO & CO WFC.N : KBW RAISES TARGET PRICE TO $58 FROM $55; 10/05/2018 – WFC SAYS ASSET CAP MANAGEMENT ACTIONS LESS THAN ANTICIPATED; 23/04/2018 – Pinnacle Financial Presenting at Wells Fargo Conference May 23; 08/05/2018 – Brady Presenting at Wells Fargo Industrials Conference Tomorrow

Potlatch Corp (PCH) investors sentiment increased to 2.65 in 2018 Q1. It’s up 1.11, from 1.54 in 2017Q4. The ratio is positive, as 159 institutional investors increased and opened new equity positions, while 60 decreased and sold stock positions in Potlatch Corp. The institutional investors in our database now have: 50.91 million shares, up from 35.45 million shares in 2017Q4. Also, the number of institutional investors holding Potlatch Corp in top ten equity positions increased from 2 to 3 for an increase of 1. Sold All: 21 Reduced: 39 Increased: 109 New Position: 50.

Investors sentiment decreased to 0.59 in Q1 2018. Its down 0.16, from 0.75 in 2017Q4. It worsened, 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. Cwm Ltd has invested 0.15% of its portfolio in Wells Fargo & Company (NYSE:WFC). Banque Pictet & Cie Sa reported 1.04M shares. 16,998 were reported by Columbia Asset Management. Utah Retirement holds 825,163 shares. Thrivent For Lutherans invested 0.08% in Wells Fargo & Company (NYSE:WFC). Jane Street Gp Ltd Company owns 0.01% invested in Wells Fargo & Company (NYSE:WFC) for 65,282 shares. Renaissance Inv Group Limited Co holds 0.15% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 6,848 shares. Kamunting Street Cap Management Ltd Partnership holds 1.85% or 45,000 shares. Lincluden Mgmt Ltd holds 0.84% or 200,255 shares in its portfolio. Profund Llc has invested 0.52% in Wells Fargo & Company (NYSE:WFC). Moreover, Community Financial Bank Na has 0.36% invested in Wells Fargo & Company (NYSE:WFC). Cypress Cap Grp Inc holds 33,496 shares or 0.37% of its portfolio. Channing Mgmt Limited Liability, Illinois-based fund reported 137,711 shares. Bb&T stated it has 354,971 shares. Palladium Prtnrs Lc has 167,000 shares for 0.65% of their portfolio.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Fool.com which released: “How Wells Fargo Is Following in Bank of America’s Footsteps” on June 11, 2018, also Seekingalpha.com with their article: “Wells Fargo & Co. (WFC) Morgan Stanley Financials Brokers Conference (Transcript)” published on June 13, 2018, Seekingalpha.com published: “Wells Fargo eyes post-Brexit hubs” on June 04, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Fool.com and their article: “Why Wells Fargo Is Leaving the Midwest Behind” published on June 06, 2018 as well as Seekingalpha.com‘s news article titled: “Wells Fargo: Only Buy On Weakness” with publication date: May 26, 2018.

Evergreen Capital Management Llc increased Vanguard Scottsdale Fds (VCSH) stake by 9,877 shares to 151,173 valued at $11.86 million in 2018Q1. It also upped Ishares Inc (EWH) stake by 15,385 shares and now owns 37,910 shares. Alps Etf Tr (AMLP) was raised too.

Since May 24, 2018, it had 0 buys, and 1 insider sale for $1.40 million activity. Pelos Petros G sold $1.40M worth of stock or 25,567 shares.

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 company was maintained on Thursday, March 29 by Sandler O’Neill. The rating was downgraded by Raymond James on Tuesday, October 4 to “Underperform”. The company was downgraded on Monday, April 11 by Sandler O’Neill. The firm has “Underperform” rating given on Friday, November 18 by BMO Capital Markets. Bernstein upgraded the shares of WFC in report on Wednesday, January 3 to “Outperform” rating. The company was initiated on Tuesday, November 24 by Piper Jaffray. The stock of Wells Fargo & Company (NYSE:WFC) earned “Positive” rating by Susquehanna on Wednesday, January 20. Morgan Stanley upgraded Wells Fargo & Company (NYSE:WFC) on Tuesday, September 20 to “Overweight” rating. The stock of Wells Fargo & Company (NYSE:WFC) earned “Sell” rating by BMO Capital Markets on Wednesday, May 31. The company was downgraded on Thursday, February 16 by Credit Suisse.

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 12.23 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.

Fiduciary Counselling Inc holds 15.63% of its portfolio in PotlatchDeltic Corporation for 81,648 shares. Stevens First Principles Investment Advisors owns 121,484 shares or 3.87% of their US portfolio. Moreover, New Amsterdam Partners Llc Ny has 2.48% invested in the company for 218,492 shares. The California-based Mosaic Financial Partners Inc. has invested 1.79% in the stock. Capital Growth Management Lp, a Massachusetts-based fund reported 385,000 shares.

More news for PotlatchDeltic Corporation (NASDAQ:PCH) were recently published by: Finance.Yahoo.com, which released: “PotlatchDeltic Corporation (NASDAQ:PCH): Dividend Is Coming In 3 Days, Should You Buy?” on June 02, 2018. Globenewswire.com‘s article titled: “PotlatchDeltic Executives to Present at REITWeek Conference in New York” and published on May 24, 2018 is yet another important article.

Analysts await PotlatchDeltic Corporation (NASDAQ:PCH) to report earnings on July, 23. They expect $0.57 EPS, up 5.56% or $0.03 from last year’s $0.54 per share. PCH’s profit will be $35.77 million for 22.11 P/E if the $0.57 EPS becomes a reality. After $0.69 actual EPS reported by PotlatchDeltic Corporation for the previous quarter, Wall Street now forecasts -17.39% negative EPS growth.

The stock decreased 1.47% or $0.75 during the last trading session, reaching $50.4. About 531,243 shares traded. PotlatchDeltic Corporation (PCH) has risen 11.10% since June 14, 2017 and is uptrending. It has underperformed by 1.47% the S&P500. Some Historical PCH News: ; 11/05/2018 – POTLATCHDELTIC CORP – TRANSFERRED DUTIES OF PRINCIPAL ACCOUNTING OFFICER TO JERALD W. RICHARDS, VICE PRESIDENT AND CHIEF FINANCIAL OFFICER; 28/03/2018 – POTLATCHDELTIC SAYS UNDER AMENDMENT TERMS, LENDERS AGREED TO EXTEND $100 MLN ADDITIONAL TERM LOANS TO BORROWERS – SEC FILING; 28/03/2018 – POTLATCHDELTIC CORP – AGREEMENT CONTINUES $100 MLN TERM LOAN UNDER TERM LOAN CREDIT AGREEMENT DATED AUGUST 27, 2015; 07/05/2018 – POTLATCHDELTIC CORP PCH.O : D.A. DAVIDSON RAISES TO NEUTRAL FROM UNDERPERFORM; 10/04/2018 – POTLATCHDELTIC OUTLOOK STABLE BY MOODY’S; 03/04/2018 – PotlatchDeltic Scheduled to Release First Quarter 2018 Earnings on May 3rd; 03/05/2018 – PotlatchDeltic 1Q Rev $199.9M; 10/04/2018 – Moody’s Upgrades Potlatchdeltic’s Notes To Baa3, Outlook Stable; 03/05/2018 – PotlatchDeltic 1Q EPS 29c; 11/05/2018 – POTLATCHDELTIC TERMINATED CONTROLLER STEPHANIE A. BRADY

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

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