Palisade Asset Management Boosted Wells Fargo & Company (WFC) Position by $1.23 Million as Market Valuation Declined; Disney Walt Co (DIS) Shareholder Regal Investment Advisors Decreased Holding by $332,318 as Stock Price Declined

February 23, 2018 - By Hazel Jackson

Palisade Asset Management Llc increased its stake in Wells Fargo & Company (WFC) by 10.2% based on its latest 2017Q3 regulatory filing with the SEC. Palisade Asset Management Llc bought 22,440 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 242,505 shares of the major banks company at the end of 2017Q3, valued at $13.37M, up from 220,065 at the end of the previous reported quarter. Palisade Asset Management Llc who had been investing in Wells Fargo & Company for a number of months, seems to be bullish on the $286.85 billion market cap company. The stock decreased 0.29% or $0.17 during the last trading session, reaching $58.64. About 9.48 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 23, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Regal Investment Advisors Llc decreased its stake in Disney Walt Co (DIS) by 8.78% based on its latest 2017Q3 regulatory filing with the SEC. Regal Investment Advisors Llc sold 3,391 shares as the company’s stock declined 2.31% while stock markets rallied. The institutional investor held 35,210 shares of the television services company at the end of 2017Q3, valued at $3.47 million, down from 38,601 at the end of the previous reported quarter. Regal Investment Advisors Llc who had been investing in Disney Walt Co for a number of months, seems to be less bullish one the $160.44 billion market cap company. The stock increased 1.38% or $1.46 during the last trading session, reaching $106.69. About 2.76M shares traded. The Walt Disney Company (NYSE:DIS) has risen 9.26% since February 23, 2017 and is uptrending. It has underperformed by 7.44% the S&P500.

Analysts await The Walt Disney Company (NYSE:DIS) to report earnings on May, 8. They expect $1.68 earnings per share, up 12.00% or $0.18 from last year’s $1.5 per share. DIS’s profit will be $2.53 billion for 15.88 P/E if the $1.68 EPS becomes a reality. After $1.89 actual earnings per share reported by The Walt Disney Company for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

Regal Investment Advisors Llc, which manages about $657.66 million and $428.72M US Long portfolio, upped its stake in General Electric Co (NYSE:GE) by 16,039 shares to 188,351 shares, valued at $4.55 million in 2017Q3, according to the filing. It also increased its holding in Vanguard Whitehall Fds Inc (VYM) by 19,940 shares in the quarter, for a total of 29,031 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

Among 39 analysts covering The Walt Disney Company (NYSE:DIS), 23 have Buy rating, 3 Sell and 13 Hold. Therefore 59% are positive. The Walt Disney Company had 152 analyst reports since July 24, 2015 according to SRatingsIntel. BMO Capital Markets maintained The Walt Disney Company (NYSE:DIS) rating on Wednesday, August 9. BMO Capital Markets has “Sell” rating and $9000 target. Macquarie Research maintained the shares of DIS in report on Tuesday, September 1 with “Outperform” rating. The rating was downgraded by Guggenheim to “Neutral” on Monday, November 16. Loop Capital maintained The Walt Disney Company (NYSE:DIS) rating on Monday, May 15. Loop Capital has “Hold” rating and $117 target. The firm earned “Hold” rating on Sunday, August 16 by Barclays Capital. The firm earned “Buy” rating on Wednesday, November 22 by Piper Jaffray. The stock of The Walt Disney Company (NYSE:DIS) earned “Hold” rating by Cowen & Co on Friday, July 7. Bank of America maintained The Walt Disney Company (NYSE:DIS) rating on Wednesday, January 10. Bank of America has “Buy” rating and $144.0 target. FBR Capital maintained The Walt Disney Company (NYSE:DIS) rating on Friday, November 6. FBR Capital has “Outperform” rating and $126 target. Morgan Stanley maintained the shares of DIS in report on Wednesday, June 21 with “Buy” rating.

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.20, from 1.09 in 2017Q2. It is negative, as 90 investors sold DIS shares while 649 reduced holdings. 95 funds opened positions while 563 raised stakes. 898.84 million shares or 2.35% less from 920.44 million shares in 2017Q2 were reported. Eagle Management Lc reported 1.39% of its portfolio in The Walt Disney Company (NYSE:DIS). Trustco Financial Bank N Y stated it has 26,946 shares. City Fl reported 13,439 shares stake. Compass Capital Mgmt reported 231,908 shares or 3.63% of all its holdings. San Francisco Sentry Grp (Ca) has 0.84% invested in The Walt Disney Company (NYSE:DIS) for 25,276 shares. Mirae Asset Invests Communication Ltd has invested 0.1% of its portfolio in The Walt Disney Company (NYSE:DIS). Westpac Banking Corporation, a Australia-based fund reported 343,962 shares. First Midwest Savings Bank Division has 31,501 shares for 0.38% of their portfolio. Clarkston Cap Ltd Liability Com reported 0.33% stake. Moreover, Grubman Wealth Mngmt has 0.17% invested in The Walt Disney Company (NYSE:DIS). Rhumbline Advisers stated it has 2.73M shares or 0.59% of all its holdings. Retail Bank Of Mellon accumulated 24.15 million shares or 0.66% of the stock. Braun Stacey Associates invested 0.93% in The Walt Disney Company (NYSE:DIS). 2,304 were accumulated by Bourgeon Cap Mngmt Ltd Company. Duncker Streett Com reported 0.28% of its portfolio in The Walt Disney Company (NYSE:DIS).

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 firm earned “Sell” rating on Thursday, September 15 by UBS. The firm has “Mkt Perform” rating given on Wednesday, October 19 by FBR Capital. On Wednesday, July 13 the stock rating was initiated by Berenberg with “Hold”. The firm earned “Buy” rating on Monday, February 5 by Bank of America. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Friday, October 13 by BMO Capital Markets. On Monday, February 5 the stock rating was downgraded by JP Morgan to “Underweight”. As per Tuesday, January 12, the company rating was upgraded by Keefe Bruyette & Woods. On Monday, February 5 the stock rating was downgraded by Wood to “Market Perform”. The firm earned “Hold” rating on Friday, August 11 by Jefferies. The rating was initiated by Piper Jaffray with “Neutral” on Tuesday, November 24.

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

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It turned negative, 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. Portland Advsrs Ltd Liability Corp has 5,071 shares. Atalanta Sosnoff Ltd Liability holds 0.01% or 7,433 shares in its portfolio. Rampart Investment Mngmt Limited Liability Company stated it has 1.03% in Wells Fargo & Company (NYSE:WFC). American Grp owns 122,000 shares. Prudential Financial invested 1.14% in Wells Fargo & Company (NYSE:WFC). Woodstock holds 0.2% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 19,434 shares. Fny Managed Accounts Ltd Limited Liability Company accumulated 60 shares or 0% of the stock. United Securities (D B A Uas Asset Management) holds 1.94% or 72,375 shares. Focused Wealth Mngmt stated it has 0.02% of its portfolio in Wells Fargo & Company (NYSE:WFC). Patten Group reported 0.02% of its portfolio in Wells Fargo & Company (NYSE:WFC). First City Capital Mgmt reported 0.65% of its portfolio in Wells Fargo & Company (NYSE:WFC). Bell Bancorp invested 0.18% in Wells Fargo & Company (NYSE:WFC). Dreman Value L L C has 60,544 shares. Glob X Mgmt Ltd Liability Corp reported 0.04% in Wells Fargo & Company (NYSE:WFC). Lafleur & Godfrey Ltd Liability, Michigan-based fund reported 58,260 shares.

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By1 Hazel Jackson

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