Dodge & Cox Reduces $94M in Wells Fargo & Company ($WFC)
Dodge & Cox cut its Wells Fargo holdings by over 1.14 million shares.
Key Points
- Dodge & Cox trimmed its stake in Wells Fargo by 1,143,380 shares, reducing its position by 3.5% to 31,168,331 shares valued at $2.57 billion.
- Shares of NYSE:WFC traded at $82.4 with a market cap of $255.4 billion and a P/E ratio of 12.9.
- Wells Fargo offers a 2.18% dividend yield with a payout ratio of 27.05% and is rated as a 'buy' by analysts.
Dodge & Cox has trimmed its stake in Wells Fargo & Company, trading on the NYSE under the ticker WFC. The fund reduced its holdings by 1,143,380 shares, bringing its total down to 31,168,331 shares. This represents a 3.5% decrease, according to the latest Form 13F filing with the SEC, reflecting the fund's position as of the end of the reporting period. The value of Dodge & Cox's remaining stake in Wells Fargo is approximately $2.57 billion.
What Changed in Dodge & Cox's Wells Fargo Position
Dodge & Cox reduced its position in Wells Fargo by over 1.14 million shares, cutting its stake by about 3.5%. The fund now holds 31,168,331 shares, down from 32,311,711 shares previously. Despite the reduction, the remaining shares are valued at approximately $2.57 billion.
Wells Fargo Stock Snapshot
Shares of Wells Fargo & Company (NYSE:WFC) were trading at $82.4. The company has a market capitalization of about $255.4 billion and a P/E ratio of 12.9, indicating a relatively moderate valuation. Its forward P/E ratio stands at 10.6. With a beta of 0.93, the stock shows less volatility compared to the broader market. Wells Fargo's 52-week range has seen a low of $71.93 and a high of $97.76. The stock's 50-day moving average is $79.55, and its 200-day moving average is $84.16.
Recent Earnings
Wells Fargo reported revenue of $81.1 billion, reflecting a growth rate of 5.7%. The company's net margin is 26.7%, with a return on equity of 12.03%. Earnings per share (EPS) are at $6.47. Investors can look forward to the next earnings report on July 14, 2026.
Dividend
Wells Fargo offers an annual dividend rate of $1.80 per share, providing a yield of 2.18%. The dividend payout ratio is 27.05%, indicating a sustainable payout relative to earnings. Investors should note the ex-dividend date to ensure eligibility for upcoming dividend payments.
About Wells Fargo & Company
Wells Fargo & Company is a major financial services firm headquartered in San Francisco, California. The company provides a wide array of banking, investment, mortgage, and consumer and commercial finance services. It operates through four main segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Under the leadership of CEO Charles W. Scharf, Wells Fargo employs around 200,999 people worldwide.
Bottom Line
Dodge & Cox's recent reduction in its Wells Fargo stake is a notable move, reflecting a slight adjustment in its investment strategy. Investors often monitor such filings to gauge institutional sentiment. It's important to remember that 13F filings are backward-looking, capturing the fund's position at the end of the reporting period and may not reflect current holdings.
See Also
This instant news alert was generated by automated narrative technology and financial data from Opentrades and public regulatory filings. It is for informational purposes only and is not financial advice.