Wexford Capital LP Trimmed Stake in Fedex (FDX) by $3.96 Million as Share Value Declined; Wells Fargo & Co. (WFC) Stock Price Declined While Baxter Bros Has Decreased by $519,365 Its Stake

February 20, 2018 - By Adrian Mccoy

Charles Davidson decreased its stake in Fedex Corp (FDX) by 66.34% based on its latest 2017Q3 regulatory filing with the SEC. Wexford Capital Lp sold 17,613 shares as the company’s stock declined 2.24% while stock markets rallied. The hedge fund run by Charles Davidson held 8,938 shares of the air freight and delivery services company at the end of 2017Q3, valued at $2.02M, down from 26,551 at the end of the previous reported quarter. Wexford Capital Lp who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $64.88B market cap company. The stock decreased 0.82% or $1.9975 during the last trading session, reaching $242.1925. About 418,990 shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since February 20, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Baxter Bros Inc decreased its stake in Wells Fargo & Co. (WFC) by 4.49% based on its latest 2017Q3 regulatory filing with the SEC. Baxter Bros Inc sold 9,443 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 200,756 shares of the major banks company at the end of 2017Q3, valued at $11.07 million, down from 210,199 at the end of the previous reported quarter. Baxter Bros Inc who had been investing in Wells Fargo & Co. for a number of months, seems to be less bullish one the $295.89B market cap company. The stock increased 0.90% or $0.54 during the last trading session, reaching $60.49. About 7.47M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 20, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

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 has “Neutral” rating by UBS given on Monday, October 16. Vetr downgraded it to “Strong-Buy” rating and $58.72 target in Friday, August 28 report. The company was maintained on Sunday, February 4 by BMO Capital Markets. UBS maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, October 6. UBS has “Neutral” rating and $57 target. The stock has “Neutral” rating by Guggenheim on Wednesday, April 6. The firm has “Overweight” rating given on Tuesday, September 20 by Morgan Stanley. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Wednesday, April 5. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Friday, August 11 by Jefferies. The stock has “Neutral” rating by Guggenheim on Wednesday, April 26. The stock of Wells Fargo & Company (NYSE:WFC) earned “Neutral” rating by Piper Jaffray on Tuesday, April 11.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It worsened, 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. Ftb invested in 0.16% or 28,829 shares. Barrington Strategic Wealth Mngmt Gru Limited Liability Company has invested 1.09% in Wells Fargo & Company (NYSE:WFC). Clear Harbor Asset Ltd Liability Corporation reported 40,538 shares. Bridgeway Capital Mgmt accumulated 299,730 shares. Old Second Bank Of Aurora reported 3,513 shares. Gam Hldgs Ag has 0.2% invested in Wells Fargo & Company (NYSE:WFC) for 86,014 shares. Wallace Capital Mngmt reported 8,065 shares. Credit Agricole S A has invested 0.57% in Wells Fargo & Company (NYSE:WFC). Denver Investment Advsrs Ltd reported 40,277 shares stake. 190,293 are owned by Greystone Managed Investments. 3.12M are owned by Teacher Retirement System Of Texas. Sandy Spring National Bank has 45,769 shares. Citigroup reported 3.98 million shares or 0.18% of all its holdings. Edgestream Ptnrs LP has invested 0.19% in Wells Fargo & Company (NYSE:WFC). Clean Yield Group holds 0.15% or 6,706 shares.

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

Baxter Bros Inc, which manages about $372.05 million and $347.99M US Long portfolio, upped its stake in Sysco (NYSE:SYY) by 8,930 shares to 68,365 shares, valued at $3.69 million in 2017Q3, according to the filing. It also increased its holding in Alphabet C Non (NASDAQ:GOOG) by 814 shares in the quarter, for a total of 7,006 shares, and has risen its stake in Paychex (NASDAQ:PAYX).

Since September 21, 2017, it had 1 insider purchase, and 6 insider sales for $22.29 million activity. Another trade for 6,750 shares valued at $1.48 million was sold by Subramaniam Rajesh. Shares for $11.89M were sold by BRONCZEK DAVID J. Shares for $2.20M were sold by Colleran Donald F on Thursday, September 21. Shares for $802,405 were sold by STEINER DAVID P. Another trade for 80 shares valued at $19,837 was bought by SCHWAB SUSAN C. DUCKER MICHAEL L also sold $3.38 million worth of FedEx Corporation (NYSE:FDX) on Friday, September 29.

Wexford Capital Lp, which manages about $6.34 billion and $1.17B US Long portfolio, upped its stake in Bank Amer Corp (NYSE:BAC) by 17,864 shares to 160,487 shares, valued at $4.07M in 2017Q3, according to the filing. It also increased its holding in Marathon Pete Corp (NYSE:MPC) by 46,723 shares in the quarter, for a total of 1.32 million shares, and has risen its stake in Viper Energy Partners Lp (NASDAQ:VNOM).

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