Taubman Centers (TCO) Holding Boosted by Strs Ohio; As Procter & Gamble Co/The (PG) Stock Declined, Edge Wealth Management Increased Its Position

August 10, 2018 - By Rachel Eickhoff

The Procter & Gamble Company (NYSE:PG) Logo

Edge Wealth Management Llc increased its stake in Procter & Gamble Co/The (PG) by 6592.5% based on its latest 2018Q1 regulatory filing with the SEC. Edge Wealth Management Llc bought 108,117 shares as the company’s stock declined 8.97% with the market. The institutional investor held 109,757 shares of the package goods and cosmetics company at the end of 2018Q1, valued at $8.70M, up from 1,640 at the end of the previous reported quarter. Edge Wealth Management Llc who had been investing in Procter & Gamble Co/The for a number of months, seems to be bullish on the $203.35B market cap company. The stock decreased 1.15% or $0.95 during the last trading session, reaching $81.4. About 5.17 million shares traded or Infinity% up from the average. The Procter & Gamble Company (NYSE:PG) has declined 14.45% since August 10, 2017 and is downtrending. It has underperformed by 27.02% the S&P500. Some Historical PG News: 03/04/2018 – PFIZER IN TALKS WITH P&G ON CONSUMER BUSINESS SALE – CNBC, CITING; 19/04/2018 – P&G BOOSTS FORECAST FOR CORE EPS GROWTH; 06/04/2018 – S&PGR Lowers Rating On Riftstone Trust Series 2015-1 PG; 10/04/2018 – India Tissue & Hygiene Market 2018-2023 – Procter & Gamble Home Products Account for Around 55% of the Market Share – ResearchAndMarkets.com; 05/03/2018 lllusive Networks Named Winner in the 14th Annual Info Security PG’s 2018 Global Excellence Awards®; 30/05/2018 – Dreyfus Third Century Adds Merck & Co, Exits P&G; 19/04/2018 – PROCTER & GAMBLE COMPANY – HAS SIGNED AGREEMENT TO ACQUIRE CONSUMER HEALTH BUSINESS OF MERCK KGAA, FOR PURCHASE PRICE OF ABOUT 3.4 BLN EURO; 10/04/2018 – Procter & Gamble Raises Dividend to $0.7172; 03/04/2018 – Pfizer in talks with P&G on sale of its consumer business, though far apart on price; 19/04/2018 – P&G: The $1 Billion Consumer Health Business of Merck KGaA Grew 6% Over the Past Two Years

Strs Ohio increased its stake in Taubman Centers Inc (TCO) by 11.94% based on its latest 2018Q1 regulatory filing with the SEC. Strs Ohio bought 9,167 shares as the company’s stock declined 13.38% with the market. The institutional investor held 85,964 shares of the consumer services company at the end of 2018Q1, valued at $4.89M, up from 76,797 at the end of the previous reported quarter. Strs Ohio who had been investing in Taubman Centers Inc for a number of months, seems to be bullish on the $5.45B market cap company. The stock increased 0.65% or $0.41 during the last trading session, reaching $63.43. About 266,703 shares traded. Taubman Centers, Inc. (NYSE:TCO) has declined 15.53% since August 10, 2017 and is downtrending. It has underperformed by 28.10% the S&P500. Some Historical TCO News: 31/05/2018 – LAND & BUILDINGS URGES TAUBMAN BOARD TO CALL THE VOTE; 26/04/2018 – TAUBMAN CENTERS INC TCO.N FY2018 FFO SHR VIEW $3.78 — THOMSON REUTERS l/B/E/S; 08/05/2018 – LAND & BUILDINGS SENDS LETTER TO TAUBMAN CENTERS HOLDERS; 22/05/2018 – Both Leading Proxy Advisory Firms Again Endorse Land & Buildings’ Case for Change at Taubman; 29/03/2018 – Neuberger Berman Real Estate Adds Taubman Centers; 26/04/2018 – Taubman Centers Sees FY18 EPS 99c-EPS $1.23; 21/03/2018 Land & Buildings Issues Open Letter to Board of Taubman Centers; 08/05/2018 – LAND & BUILDINGS NOMINATES CIO JON LITT TO TCO BOARD; 20/04/2018 – TAUBMAN CENTERS HLDR LAND & BUILDINGS FILES PROXY FOR BD SLATE; 17/05/2018 – ISS Supports Activist’s Nomination for Taubman Centers Board

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: 247Wallst.com which released: “Procter & Gamble Returns as Dow’s Poorest Performing Stock” on July 21, 2018, also Finance.Yahoo.com with their article: “3 Big Stock Charts for Wednesday: Procter & Gamble, FMC and SBA Communications” published on August 08, 2018, Bizjournals.com published: “P&G partners on Swiffer product that cleans the air” on August 09, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: Bizjournals.com and their article: “P&G trims workforce, plans more cuts” published on August 08, 2018 as well as Bizjournals.com‘s news article titled: “P&G acquires rival skin care brand” with publication date: July 17, 2018.

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 8 have Buy rating, 1 Sell and 16 Hold. Therefore 32% are positive. Proctor & Gamble had 95 analyst reports since August 4, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, January 26 by Morgan Stanley. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, August 1 report. Jefferies maintained The Procter & Gamble Company (NYSE:PG) rating on Wednesday, November 15. Jefferies has “Buy” rating and $99.0 target. On Friday, November 10 the stock rating was maintained by RBC Capital Markets with “Hold”. On Monday, January 9 the stock rating was downgraded by Goldman Sachs to “Sell”. The stock of The Procter & Gamble Company (NYSE:PG) has “Equal-Weight” rating given on Friday, April 20 by Morgan Stanley. The rating was downgraded by Zacks to “Hold” on Tuesday, August 4. The rating was maintained by Jefferies on Wednesday, April 19 with “Buy”. UBS upgraded it to “Buy” rating and $96 target in Thursday, July 14 report. The stock of The Procter & Gamble Company (NYSE:PG) has “Hold” rating given on Thursday, December 22 by SunTrust.

Edge Wealth Management Llc, which manages about $803.39M and $376.77M US Long portfolio, decreased its stake in Amazon.Com Inc (NASDAQ:AMZN) by 612 shares to 1,855 shares, valued at $2.69 million in 2018Q1, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 29,313 shares in the quarter, leaving it with 159,104 shares, and cut its stake in Shire Plc (NASDAQ:SHPG).

Since February 15, 2018, it had 0 buys, and 10 selling transactions for $8.44 million activity. Giovanni Ciserani sold $931,536 worth of The Procter & Gamble Company (NYSE:PG) on Tuesday, May 15. On Tuesday, May 15 Coombe Gary A sold $113,533 worth of The Procter & Gamble Company (NYSE:PG) or 1,529 shares. Another trade for 9,005 shares valued at $739,189 was sold by Posada Juan Fernando. Fish Kathleen B sold 1,313 shares worth $103,190. Pritchard Marc S. sold 8,502 shares worth $668,179. 5,300 shares valued at $410,266 were sold by Moeller Jon R on Tuesday, May 15.

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.11, from 0.89 in 2017Q4. It worsened, as 71 investors sold PG shares while 786 reduced holdings. 112 funds opened positions while 556 raised stakes. 1.51 billion shares or 2.21% more from 1.47 billion shares in 2017Q4 were reported. Carroll Fincl Assocs owns 41,536 shares. Confluence Wealth Ltd Company holds 0.22% or 5,334 shares. Motco owns 95,527 shares. The Texas-based Avalon Advsr Limited Company has invested 1.62% in The Procter & Gamble Company (NYSE:PG). Mcf Advisors Limited Liability Corp holds 0.46% or 29,484 shares in its portfolio. Shell Asset Mngmt Company holds 0.72% or 458,016 shares. Aviva Public Ltd Com owns 1.51 million shares. Rockland Trust Communication invested in 1.08% or 103,297 shares. The West Virginia-based Ntv Asset Mngmt Limited Liability Corp has invested 1% in The Procter & Gamble Company (NYSE:PG). Haverford Trust Com owns 925,666 shares. Chesley Taft & Assocs Limited Liability stated it has 45,245 shares. Sumitomo Life owns 68,341 shares for 0.72% of their portfolio. Van Strum Towne Inc holds 54,506 shares. Linscomb And Williams Inc has 59,464 shares for 0.4% of their portfolio. Insight 2811 holds 8,300 shares.

Strs Ohio, which manages about $22.61 billion US Long portfolio, decreased its stake in Edwards Lifesciences (NYSE:EW) by 3,823 shares to 281,553 shares, valued at $39.28 million in 2018Q1, according to the filing. It also reduced its holding in Kilroy Re Corp (NYSE:KRC) by 622,005 shares in the quarter, leaving it with 140,610 shares, and cut its stake in Cisco Systems (NASDAQ:CSCO).

More recent Taubman Centers, Inc. (NYSE:TCO) news were published by: Seekingalpha.com which released: “Taubman Centers boosts 2018 NOI guidance, narrows adjusted FFO range” on July 30, 2018. Also Seekingalpha.com published the news titled: “Taubman Centers, Inc. (TCO) CEO Robert Taubman on Q2 2018 Results – Earnings Call Transcript” on July 31, 2018. Seekingalpha.com‘s news article titled: “Goldman pulls bearish outlook for retail REITs” with publication date: July 17, 2018 was also an interesting one.

Investors sentiment increased to 1.44 in Q1 2018. Its up 0.16, from 1.28 in 2017Q4. It increased, as 20 investors sold TCO shares while 64 reduced holdings. 38 funds opened positions while 83 raised stakes. 60.38 million shares or 7.72% less from 65.43 million shares in 2017Q4 were reported. Teachers Retirement Sys Of The State Of Kentucky holds 13,608 shares. 6,003 are owned by Riverhead Cap Limited Liability. Nuveen Asset Limited Liability Corp holds 0.2% of its portfolio in Taubman Centers, Inc. (NYSE:TCO) for 527,191 shares. The California-based California State Teachers Retirement System has invested 0.01% in Taubman Centers, Inc. (NYSE:TCO). Amalgamated Comml Bank holds 0.02% or 12,536 shares. Us Comml Bank De invested 0% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Whittier has 0% invested in Taubman Centers, Inc. (NYSE:TCO) for 87 shares. Envestnet Asset holds 0% of its portfolio in Taubman Centers, Inc. (NYSE:TCO) for 2,249 shares. Vanguard Gp Incorporated holds 0.02% or 9.06 million shares. 2,583 are owned by Nelson Van Denburg Campbell Wealth Grp Inc Lc. Ubs Asset Mngmt Americas owns 243,389 shares. New Mexico Educational Retirement Board invested 0.04% in Taubman Centers, Inc. (NYSE:TCO). Advsrs Asset stated it has 0% of its portfolio in Taubman Centers, Inc. (NYSE:TCO). Panagora Asset Mgmt Inc reported 0.02% in Taubman Centers, Inc. (NYSE:TCO). Monarch Prtnrs Asset Management Llc has invested 1.4% of its portfolio in Taubman Centers, Inc. (NYSE:TCO).

Among 19 analysts covering Taubman Centers Inc. (NYSE:TCO), 6 have Buy rating, 1 Sell and 12 Hold. Therefore 32% are positive. Taubman Centers Inc. had 40 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Taubman Centers, Inc. (NYSE:TCO) has “Hold” rating given on Friday, February 16 by Mizuho. Evercore downgraded Taubman Centers, Inc. (NYSE:TCO) on Monday, November 16 to “Hold” rating. As per Friday, September 18, the company rating was initiated by Raymond James. JP Morgan upgraded the shares of TCO in report on Friday, June 15 to “Overweight” rating. The firm has “Buy” rating by Evercore given on Tuesday, September 8. J.P. Morgan upgraded it to “Buy” rating and $6500 target in Friday, June 15 report. The stock of Taubman Centers, Inc. (NYSE:TCO) earned “Overweight” rating by JP Morgan on Thursday, December 17. Jefferies maintained Taubman Centers, Inc. (NYSE:TCO) rating on Monday, June 19. Jefferies has “Hold” rating and $5600 target. The firm earned “Hold” rating on Tuesday, February 13 by Sandler O’Neill. Credit Suisse reinitiated Taubman Centers, Inc. (NYSE:TCO) on Wednesday, March 16 with “Outperform” rating.

Since February 13, 2018, it had 0 buys, and 2 insider sales for $102,029 activity. Shares for $22,892 were sold by Wolff David A. on Tuesday, March 6.

The Procter & Gamble Company (NYSE:PG) Institutional Positions Chart

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