Micron Technology (MU) Shares Rose While Credit Capital Investments Cut Its Position; As Wells Fargo & Co. (WFC) Stock Price Declined, Schafer Cullen Capital Management Has Increased Stake by $1.33 Million

June 20, 2018 - By Clifton Ray

Wells Fargo & Company (NYSE:WFC) Logo

Schafer Cullen Capital Management Inc increased its stake in Wells Fargo & Co. (WFC) by 1.04% based on its latest 2018Q1 regulatory filing with the SEC. Schafer Cullen Capital Management Inc bought 25,523 shares as the company’s stock declined 8.45% with the market. The hedge fund held 2.49 million shares of the major banks company at the end of 2018Q1, valued at $130.40 million, up from 2.46 million at the end of the previous reported quarter. Schafer Cullen Capital Management Inc who had been investing in Wells Fargo & Co. for a number of months, seems to be bullish on the $267.91B market cap company. The stock decreased 0.18% or $0.1 during the last trading session, reaching $54.98. About 1.95M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 20, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: 07/05/2018 – Ingevity at Wells Fargo Industrials Conference Tomorrow; 25/04/2018 – Rhode Island AG: Treasurer Magaziner, Coalition of Investors Secure Commitment from Wells Fargo to Review and Report on Busines; 09/04/2018 – EXCLUSIVE-U.S. consumer watchdog seeks record fine against Wells Fargo for abuses; 20/04/2018 – U.S. Comptroller: OCC Assesses $500 Million Penalty Against Wells Fargo, Orders Restitution for Unsafe or Unsound Practices; 10/05/2018 – Wells Fargo Must Pay $97 Million For Wage And Labor Violations — MarketWatch; 23/04/2018 – WELLS FARGO SAYS 1Q EPS REDUCED BY 16C TO 96C; 01/05/2018 – Ryder Executive Vice President & Chief Financial Officer to Address 2018 Wells Fargo Securities Industrials Conference; 02/05/2018 – Stryker Brings The Mobility Zone® And Joint Health Education To The Wells Fargo Championship; 23/03/2018 – Wells Fargo Risk Management Changes Follow Recent Fed Enforcement Action; 05/05/2018 – BUFFETT SAYS GEICO UNDERWRITING MARGINS ARE ‘PERFECTLY SATISFACTORY’ THIS YEAR THROUGH APRIL; MARKET SHARE GROWING

Credit Capital Investments Llc decreased its stake in Micron Technology Inc (MU) by 5.66% based on its latest 2018Q1 regulatory filing with the SEC. Credit Capital Investments Llc sold 47,858 shares as the company’s stock rose 27.87% while stock markets declined. The institutional investor held 797,000 shares of the technology company at the end of 2018Q1, valued at $41.56 million, down from 844,858 at the end of the previous reported quarter. Credit Capital Investments Llc who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $69.13B market cap company. The stock increased 0.60% or $0.357 during the last trading session, reaching $59.607. About 15.90M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 108.46% since June 20, 2017 and is uptrending. It has outperformed by 95.89% the S&P500. Some Historical MU News: 29/05/2018 – Micron Adds $20 Billion in Value in Best Month Since 2009; 14/05/2018 – Coatue Buys New 1.2% Position in Micron; 14/03/2018 – Broadcom for Intuit? Or Micron? Strange Pickings in RBC’s M&A Screen — Barron’s Blog; 23/03/2018 – MICRON TECHNOLOGY INC MU.O : WELLS FARGO RAISES TARGET PRICE TO $70 FROM $54; 17/05/2018 – Micron Favored by 10 Hedge Funds, 13Fs Show; 19/03/2018 – The bank’s top picks growth picks include Micron, Netflix and Amazon; 12/03/2018 – Cramer: Micron’s strength means Intel is a buy; 12/03/2018 – MICRON: TALLURI SVP & GENERAL MANAGER OF MOBILE BUSINESS UNIT; 22/03/2018 – Micron Technology 2Q EPS $2.67; 10/04/2018 – Micron Announces Collaboration With Leading Video Surveillance Solution Providers To Promote `Surveillance-Grade’ Edge Stor

Investors sentiment decreased to 0.59 in 2018 Q1. Its down 0.16, from 0.75 in 2017Q4. It dived, 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. Davis invested 1.36% of its portfolio in Wells Fargo & Company (NYSE:WFC). Cap International Ca holds 0.2% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 25,860 shares. Lowe Brockenbrough And holds 0.74% or 94,975 shares in its portfolio. The Washington-based Brighton Jones Limited Liability Company has invested 0.35% in Wells Fargo & Company (NYSE:WFC). Gm Advisory Group Inc has 5,439 shares. Valmark Advisers has invested 0.01% in Wells Fargo & Company (NYSE:WFC). Crawford Inv Counsel invested 0.63% in Wells Fargo & Company (NYSE:WFC). Argent Trust invested in 1.1% or 76,730 shares. Morgan Stanley holds 0.34% or 23.41 million shares in its portfolio. Ami Investment Mgmt, Indiana-based fund reported 150,804 shares. Norinchukin Bankshares The invested in 273,211 shares or 0.24% of the stock. Cohen Management holds 50,610 shares or 0.63% of its portfolio. Valley Natl Advisers, a Pennsylvania-based fund reported 64,660 shares. First Quadrant Lp Ca reported 361,686 shares stake. Stratos Wealth Prns Ltd stated it has 85,904 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. On Friday, July 28 the stock rating was maintained by Piper Jaffray with “Hold”. The rating was downgraded by Berenberg to “Sell” on Friday, July 21. UBS reinitiated Wells Fargo & Company (NYSE:WFC) rating on Wednesday, January 11. UBS has “Neutral” rating and $58 target. The firm has “Buy” rating by Evercore given on Tuesday, September 8. The firm has “Neutral” rating by Compass Point given on Tuesday, January 19. BMO Capital Markets maintained the shares of WFC in report on Friday, April 13 with “Hold” rating. The rating was upgraded by Vetr to “Strong-Buy” on Wednesday, September 2. The company was downgraded on Monday, February 5 by JP Morgan. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, January 2 report. The firm has “Positive” rating by Susquehanna given on Wednesday, January 20.

Schafer Cullen Capital Management Inc, which manages about $10.62 billion and $8.32B US Long portfolio, decreased its stake in Jp Morgan Chase & Co. (NYSE:JPM) by 34,467 shares to 1.54M shares, valued at $169.61M in 2018Q1, according to the filing. It also reduced its holding in Smurfit Kappa Group Plc (Adr) by 841,404 shares in the quarter, leaving it with 2.26 million shares, and cut its stake in Icici Bank Ltd. (Adr) (NYSE:IBN).

Since May 24, 2018, it had 0 buys, and 1 insider sale for $1.40 million activity.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Seekingalpha.com which released: “Wells Fargo mid-year outlook sees US economy in `final third’ of expansion” on June 18, 2018, also Seekingalpha.com with their article: “Wells Fargo eyes post-Brexit hubs” published on June 04, 2018, Bizjournals.com published: “American Airlines sued by Wells Fargo for returning aircraft late” on June 19, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Fool.com and their article: “Is Wells Fargo & Company a Buy?” published on June 15, 2018 as well as Bizjournals.com‘s news article titled: “Wells Fargo’s ‘coolest exec’ leaves bank he helped shape in the online and mobile world” with publication date: May 22, 2018.

Since January 2, 2018, it had 0 insider buys, and 15 insider sales for $9.36 million activity. Thorsen Steven L. JR sold $1.36 million worth of stock or 28,089 shares. BAILEY ROBERT L had sold 3,000 shares worth $151,496. Mondry Lawrence N had sold 50,000 shares worth $2.17 million. $638,380 worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by Deboer Scott J. 25,000 Micron Technology, Inc. (NASDAQ:MU) shares with value of $1.26M were sold by JOHNSON MERCEDES. ARNZEN APRIL S had sold 1,222 shares worth $53,487 on Thursday, February 15.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Benzinga.com which released: “What Wall Street Thinks Of Micron’s Investor Day” on May 22, 2018, also Seekingalpha.com with their article: “What Will A $10 Billion Buyback Do For Micron’s Shareholders?” published on June 17, 2018, Seekingalpha.com published: “Micron: Ignore The Fear, Uncertainty And Doubt” on June 07, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Micron: The Case For $100” published on June 11, 2018 as well as Nasdaq.com‘s news article titled: “Monday’s Vital Data: Apple Inc., Micron Technology, Inc. and Ford Motor Company” with publication date: June 18, 2018.

Credit Capital Investments Llc, which manages about $172.00 million and $105.74 million US Long portfolio, upped its stake in Chemours Co by 10,494 shares to 86,504 shares, valued at $4.21 million in 2018Q1, according to the filing. It also increased its holding in Fairmount Santrol Hldgs Inc by 125,000 shares in the quarter, for a total of 360,000 shares, and has risen its stake in Commscope Hldg Co Inc (NASDAQ:COMM).

Investors sentiment decreased to 1.13 in 2018 Q1. Its down 0.11, from 1.24 in 2017Q4. It worsened, as 52 investors sold MU shares while 282 reduced holdings. 138 funds opened positions while 241 raised stakes. 846.69 million shares or 4.13% less from 883.15 million shares in 2017Q4 were reported. Hartford Mngmt Communications has 237,078 shares for 0.25% of their portfolio. National Asset Mngmt invested 0.19% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Huntington National Bank accumulated 0% or 1,784 shares. 6,475 are held by Oakworth Capital. Herald Investment holds 0.39% or 25,000 shares. Teachers Retirement Systems Of The State Of Kentucky, a Kentucky-based fund reported 540,690 shares. Dsam Prtnrs (London) Limited invested 1.47% in Micron Technology, Inc. (NASDAQ:MU). Gotham Asset Mgmt Ltd Com holds 1.48M shares or 1.08% of its portfolio. Philadelphia invested in 6,975 shares. Amica Pension Fund Board Of Trustees has invested 0.25% in Micron Technology, Inc. (NASDAQ:MU). Moreover, Rech Investors has 0.3% invested in Micron Technology, Inc. (NASDAQ:MU) for 20.36M shares. Monroe Financial Bank Trust Mi holds 300 shares. Weiss Multi has invested 0.39% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Hanson & Doremus Investment Management owns 503 shares. Bp Public Ltd Company holds 129,000 shares.

Among 44 analysts covering Micron Technology Inc. (NASDAQ:MU), 34 have Buy rating, 1 Sell and 9 Hold. Therefore 77% are positive. Micron Technology Inc. had 253 analyst reports since July 29, 2015 according to SRatingsIntel. Citigroup maintained it with “Buy” rating and $45.0 target in Tuesday, August 29 report. Citigroup downgraded the shares of MU in report on Friday, March 23 to “Hold” rating. The firm has “Buy” rating given on Monday, December 4 by Morgan Stanley. The rating was maintained by Credit Suisse with “Buy” on Thursday, June 29. On Friday, October 13 the stock rating was maintained by Loop Capital with “Buy”. The firm has “Buy” rating by Deutsche Bank given on Friday, March 24. The rating was maintained by Argus Research on Friday, December 23 with “Buy”. The stock has “Buy” rating by Cowen & Co on Wednesday, September 27. Cowen & Co maintained Micron Technology, Inc. (NASDAQ:MU) rating on Wednesday, September 6. Cowen & Co has “Buy” rating and $40.0 target. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, September 27.

Micron Technology, Inc. (NASDAQ:MU) Institutional Positions Chart

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