Procter & Gamble Company (PG) Market Valuation Declined While Parsec Financial Management Has Lowered Its Holding by $324,611; Cardinal Health (CAH) Market Value Declined While Jnba Financial Advisors Has Upped Holding by $700,000

June 18, 2018 - By Marguerite Chambers

The Procter & Gamble Company (NYSE:PG) Logo

Jnba Financial Advisors increased its stake in Cardinal Health Inc (CAH) by 37.63% based on its latest 2018Q1 regulatory filing with the SEC. Jnba Financial Advisors bought 700 shares as the company’s stock declined 25.69% with the market. The institutional investor held 2,560 shares of the health care company at the end of 2018Q1, valued at $2.56 million, up from 1,860 at the end of the previous reported quarter. Jnba Financial Advisors who had been investing in Cardinal Health Inc for a number of months, seems to be bullish on the $17.01B market cap company. The stock increased 0.24% or $0.13 during the last trading session, reaching $54.75. About 5.36 million shares traded or 65.99% up from the average. Cardinal Health, Inc. (NYSE:CAH) has declined 28.59% since June 18, 2017 and is downtrending. It has underperformed by 41.16% the S&P500. Some Historical CAH News: 03/05/2018 – CARDINAL CFO EXPECTS FISCAL 2018 TAX RATE OF 32%-34%; 09/03/2018 – Cardinal Health Recommends Shareholders Reject TRC’s ‘mini-tender’ Offer — MarketWatch; 03/05/2018 – Cardinal Health 3Q Net $255M; 09/03/2018 – Cardinal Health Recommends Hldrs Reject Mini-Tender Offer by TRC Cap Corp; 08/03/2018 – Kentucky sues drug distributor AmerisourceBergen over opioid epidemic; 02/04/2018 – Cardinal Health Inc. CDS Tightens 11 Bps, Most in 4 Years; 03/05/2018 – Cardinal Health Lowers Outook on Weak Performance — Earnings Review; 15/05/2018 – Florida Also Suing Painkiller Distributors AmerisourceBergen, Cardinal Health and McKesson Corp; 03/05/2018 – CARDINAL TAX RATE WAS SEVEN PERCENTAGE PTS. ABOVE EXPECTATIONS; 03/05/2018 – CARDINAL CFO: ‘REVIEWING OPTIONS’ ON CORDIS TAX RATE

Parsec Financial Management Inc decreased its stake in Procter & Gamble Company (PG) by 3.82% based on its latest 2018Q1 regulatory filing with the SEC. Parsec Financial Management Inc sold 4,109 shares as the company’s stock declined 8.97% with the market. The institutional investor held 103,545 shares of the package goods and cosmetics company at the end of 2018Q1, valued at $8.21M, down from 107,654 at the end of the previous reported quarter. Parsec Financial Management Inc who had been investing in Procter & Gamble Company for a number of months, seems to be less bullish one the $194.58B market cap company. The stock increased 1.83% or $1.39 during the last trading session, reaching $77.38. About 14.94M shares traded or 56.76% up from the average. The Procter & Gamble Company (NYSE:PG) has declined 14.45% since June 18, 2017 and is downtrending. It has underperformed by 27.02% the S&P500. Some Historical PG News: 09/05/2018 – P&G’s Tastad Calls Multi-Cultural Marketing, Marketing for Today (Video); 19/04/2018 – P&G QTRLY BABY, FEMININE AND FAMILY CARE SEGMENT ORGANIC SALES DECREASED THREE PERCENT; 19/04/2018 – Procter & Gamble Pledges More Change as Sales Start to Climb; 25/05/2018 – Wall St Week Ahead-Investors find little appetite for consumer staples; 20/04/2018 – P&G PG.N : BOFA MERRILL CUTS PRICE OBJECTIVE TO $82 FROM $90; 03/04/2018 – RT @CNBCnow: NEW: Pfizer in talks with P&G on the sale of its consumer business, but the companies are far apart on price, sources tell @Da…; 10/04/2018 – P&G BOOSTS QTR DIV TO 71.72C/SHR FROM 68.96C, EST. 70C; 10/04/2018 – P&G DECLARES DIV BOOST; 19/04/2018 – TEVA PHARMACEUTICAL INDUSTRIES LTD – IN 2017, COMBINED SALES FROM TEVA’S PGT OTC PRODUCTS AND TEVA NON-PGT OTC PRODUCTS WERE APPROXIMATELY $1 BLN; 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

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on July, 26. They expect $0.91 EPS, up 7.06% or $0.06 from last year’s $0.85 per share. PG’s profit will be $2.29 billion for 21.26 P/E if the $0.91 EPS becomes a reality. After $1.00 actual EPS reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts -9.00% negative EPS growth.

Investors sentiment decreased to 0.78 in Q1 2018. 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. Sterling Inv holds 2,610 shares or 0.17% of its portfolio. United Svcs Automobile Association reported 2.57 million shares. National Bank & Trust Of The Ozarks stated it has 0.66% of its portfolio in The Procter & Gamble Company (NYSE:PG). Arizona State Retirement stated it has 0.52% of its portfolio in The Procter & Gamble Company (NYSE:PG). Cap Guardian Tru owns 609,937 shares for 0.68% of their portfolio. South Texas Money Mgmt Limited holds 0.07% or 18,474 shares. Fenimore Asset Mngmt Inc invested 0.01% of its portfolio in The Procter & Gamble Company (NYSE:PG). 34,567 were reported by M&R Mngmt Inc. Griffin Asset holds 1.33% or 92,322 shares. Levin Cap Strategies L P, New York-based fund reported 9,760 shares. Veritable Lp invested in 443,866 shares or 0.76% of the stock. Acadian Asset Mgmt Limited Liability Corporation stated it has 4.16 million shares or 1.43% of all its holdings. Two Sigma Secs Ltd stated it has 29,985 shares. Chilton Capital Mngmt Lc owns 0.15% invested in The Procter & Gamble Company (NYSE:PG) for 18,411 shares. Azimuth Capital Mngmt Llc holds 0.71% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 121,457 shares.

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 10 have Buy rating, 1 Sell and 14 Hold. Therefore 40% are positive. Proctor & Gamble had 90 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded The Procter & Gamble Company (NYSE:PG) on Wednesday, December 21 to “Hold” rating. As per Friday, June 30, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by Goldman Sachs given on Wednesday, January 27. Jefferies maintained The Procter & Gamble Company (NYSE:PG) rating on Thursday, July 6. Jefferies has “Buy” rating and $9800 target. The company was upgraded on Wednesday, October 26 by CLSA. The firm has “Hold” rating given on Tuesday, August 4 by Zacks. As per Thursday, October 29, the company rating was maintained by Barclays Capital. As per Thursday, August 4, the company rating was maintained by Citigroup. As per Thursday, July 30, the company rating was downgraded by Credit Suisse. The rating was upgraded by Morgan Stanley to “Overweight” on Tuesday, January 26.

Since February 15, 2018, it had 0 buys, and 10 selling transactions for $8.44 million activity. Another trade for 1,529 shares valued at $113,533 was sold by Coombe Gary A. On Tuesday, May 15 the insider Skoufalos Ioannis sold $317,221. Posada Juan Fernando sold $739,189 worth of stock or 9,005 shares. Bishop Steven D sold $149,130 worth of stock or 2,075 shares. On Tuesday, May 15 the insider Giovanni Ciserani sold $931,536. $3.07M worth of stock was sold by Schomburger Jeffrey K on Thursday, February 15.

Parsec Financial Management Inc, which manages about $1.56B and $1.46 billion US Long portfolio, upped its stake in Vanguard High Dividend Yield (VYM) by 40,135 shares to 327,363 shares, valued at $27.00M in 2018Q1, according to the filing. It also increased its holding in Eli Lilly & Co (NYSE:LLY) by 6,117 shares in the quarter, for a total of 84,879 shares, and has risen its stake in Visa (NYSE:V).

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: Seekingalpha.com which released: “It Is No Longer A Gamble Investing In Procter & Gamble: Part 5” on June 14, 2018, also Livetradingnews.com with their article: “The Procter & Gamble Company (NYSE:PG) Encouraging Extending Gains” published on May 29, 2018, Fool.com published: “3 Terrible Reasons to Buy Procter & Gamble” on May 25, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: Seekingalpha.com and their article: “Lanny’s Recent Stock Purchase – Procter & Gamble” published on June 09, 2018 as well as Seekingalpha.com‘s news article titled: “Buying Grandpa’s Stocks Is The Better Thing To Do” with publication date: June 17, 2018.

Since January 22, 2018, it had 0 insider purchases, and 3 selling transactions for $3.82 million activity. 28,532 Cardinal Health, Inc. (NYSE:CAH) shares with value of $1.89M were sold by MORRISON PATRICIA. Giacomin Jon L sold $549,924 worth of stock or 7,995 shares.

Jnba Financial Advisors, which manages about $564.64 million and $8.99 billion US Long portfolio, decreased its stake in Central Fd Cda Ltd (CEF) by 1,000 shares to 1,000 shares, valued at $1.00 million in 2018Q1, according to the filing. It also reduced its holding in Ishares Tr (IJJ) by 578 shares in the quarter, leaving it with 27,353 shares, and cut its stake in Vanguard Index Fds (VTI).

Investors sentiment increased to 1 in Q1 2018. Its up 0.25, from 0.75 in 2017Q4. It increased, as 34 investors sold CAH shares while 218 reduced holdings. 68 funds opened positions while 184 raised stakes. 279.84 million shares or 1.32% more from 276.20 million shares in 2017Q4 were reported. Los Angeles Cap Management And Equity Research reported 217,219 shares or 0.08% of all its holdings. D E Shaw And Communication reported 10,365 shares or 0% of all its holdings. Moreover, Schroder Inv Mgmt has 0% invested in Cardinal Health, Inc. (NYSE:CAH). Everence Capital Management Inc stated it has 8,170 shares. Hartford Invest Mgmt invested in 0.1% or 78,085 shares. Nippon Life Glob Investors Americas holds 58,900 shares. Rockland Trust has 12,639 shares. Stephens Inc Ar has 0.02% invested in Cardinal Health, Inc. (NYSE:CAH) for 7,177 shares. Guardian Life Of America invested in 0.01% or 724 shares. Plancorp Limited Liability has invested 0.1% in Cardinal Health, Inc. (NYSE:CAH). Thrivent Fincl For Lutherans stated it has 0% in Cardinal Health, Inc. (NYSE:CAH). Bnp Paribas Arbitrage stated it has 152,688 shares. South State stated it has 0.03% in Cardinal Health, Inc. (NYSE:CAH). Brown Advisory reported 4,087 shares stake. Hartford Financial Mgmt holds 0.01% or 185 shares.

Among 20 analysts covering Cardinal Health (NYSE:CAH), 5 have Buy rating, 2 Sell and 13 Hold. Therefore 25% are positive. Cardinal Health had 54 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Cardinal Health, Inc. (NYSE:CAH) earned “Outperform” rating by Evercore on Thursday, April 6. Mizuho downgraded the shares of CAH in report on Tuesday, January 3 to “Neutral” rating. The stock of Cardinal Health, Inc. (NYSE:CAH) has “Buy” rating given on Tuesday, October 10 by Cowen & Co. Mizuho maintained the stock with “Hold” rating in Tuesday, October 24 report. Jefferies maintained Cardinal Health, Inc. (NYSE:CAH) rating on Tuesday, August 29. Jefferies has “Hold” rating and $77.0 target. The company was maintained on Wednesday, August 26 by William Blair. Needham initiated the stock with “Hold” rating in Tuesday, April 4 report. The rating was downgraded by Morgan Stanley on Monday, November 20 to “Underweight”. The rating was maintained by Needham on Friday, September 8 with “Hold”. The firm has “Neutral” rating given on Thursday, October 6 by UBS.

More important recent Cardinal Health, Inc. (NYSE:CAH) news were published by: Streetinsider.com which released: “Cardinal Health (CAH) Says FDA Advisory Committee Votes in Favor of its INCRAFT AAA Stent Graft System for …” on June 13, 2018, also Gurufocus.com published article titled: “‘Time Travel’ With Pharmaceutical Distributors Part 1 – First-Level Information and Thinking”, Seekingalpha.com published: “Cardinal Health: Continuous Business Model Evolution At A Great Price” on May 23, 2018. More interesting news about Cardinal Health, Inc. (NYSE:CAH) was released by: Seekingalpha.com and their article: “Cardinal Health: At Least 25% Upside” with publication date: June 12, 2018.

Cardinal Health, Inc. (NYSE:CAH) Institutional Positions Chart

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