Alpha Cubed Investments Maintains Holding in United Technologies (UTX); Pioneer Investment Management Has Increased Its Stake in Procter & Gamble Company (PG) as Share Value Declined

May 25, 2018 - By Neil V. Hobbs

United Technologies Corporation (NYSE:UTX) Logo

Pioneer Investment Management Inc increased its stake in Procter & Gamble Company (PG) by 575.65% based on its latest 2017Q4 regulatory filing with the SEC. Pioneer Investment Management Inc bought 2.73M shares as the company’s stock declined 15.56% with the market. The institutional investor held 3.21 million shares of the package goods and cosmetics company at the end of 2017Q4, valued at $294.55 million, up from 474,481 at the end of the previous reported quarter. Pioneer Investment Management Inc who had been investing in Procter & Gamble Company for a number of months, seems to be bullish on the $185.50B market cap company. The stock decreased 0.55% or $0.41 during the last trading session, reaching $73.77. About 6.51 million shares traded. The Procter & Gamble Company (NYSE:PG) has declined 14.03% since May 25, 2017 and is downtrending. It has underperformed by 25.58% the S&P500.

Alpha Cubed Investments Llc increased its stake in United Technologies Corp (UTX) by 9.45% based on its latest 2017Q4 regulatory filing with the SEC. Alpha Cubed Investments Llc bought 11,449 shares as the company’s stock declined 1.53% with the market. The institutional investor held 132,625 shares of the aerospace company at the end of 2017Q4, valued at $16.92M, up from 121,176 at the end of the previous reported quarter. Alpha Cubed Investments Llc who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $101.93B market cap company. It closed at $127.4 lastly. It is down 12.03% since May 25, 2017 and is uptrending. It has outperformed by 0.48% the S&P500.

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 10 have Buy rating, 1 Sell and 14 Hold. Therefore 40% are positive. Proctor & Gamble had 89 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, October 24. The rating was upgraded by CLSA on Wednesday, October 26 to “Outperform”. The stock of The Procter & Gamble Company (NYSE:PG) earned “Hold” rating by RBC Capital Markets on Tuesday, August 1. The rating was maintained by B. Riley & Co on Monday, October 26 with “Neutral”. On Thursday, December 22 the stock rating was downgraded by SunTrust to “Hold”. Jefferies maintained it with “Buy” rating and $99.0 target in Wednesday, November 15 report. As per Thursday, July 27, the company rating was maintained by Stifel Nicolaus. JP Morgan maintained The Procter & Gamble Company (NYSE:PG) rating on Wednesday, January 24. JP Morgan has “Neutral” rating and $98 target. The rating was downgraded by TheStreet on Tuesday, August 4 to “Hold”. Pritchard Capital maintained The Procter & Gamble Company (NYSE:PG) rating on Wednesday, August 19. Pritchard Capital has “Sell” rating and $91.73 target.

Since February 15, 2018, it had 0 insider purchases, and 6 sales for $6.67 million activity. $739,189 worth of The Procter & Gamble Company (NYSE:PG) shares were sold by Posada Juan Fernando. 37,776 shares were sold by Schomburger Jeffrey K, worth $3.07M on Thursday, February 15. $149,130 worth of The Procter & Gamble Company (NYSE:PG) was sold by Bishop Steven D on Wednesday, May 2. On Thursday, February 15 the insider Pritchard Marc S. sold $668,179.

Pioneer Investment Management Inc, which manages about $65.36B and $64.92B US Long portfolio, decreased its stake in Finisar Corporation (NASDAQ:FNSR) by 247,163 shares to 1.29M shares, valued at $26.29M in 2017Q4, according to the filing. It also reduced its holding in Bhp Billiton Ltd (NYSE:BHP) by 25,050 shares in the quarter, leaving it with 425,770 shares, and cut its stake in Powershares Buyback Achiev (PKW).

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.07, from 0.82 in 2017Q3. It improved, as 64 investors sold PG shares while 740 reduced holdings. 118 funds opened positions while 594 raised stakes. 1.47 billion shares or 1.61% less from 1.50 billion shares in 2017Q3 were reported. 5.73M were reported by Us Comml Bank De. Argent Capital Mngmt Ltd Limited Liability Company invested in 0.36% or 119,866 shares. Ftb Advsrs reported 114,591 shares. Flippin Bruce Porter invested in 2.12% or 108,776 shares. Cap Guardian Trust invested 0.81% in The Procter & Gamble Company (NYSE:PG). Goodman Finance owns 271 shares for 0.01% of their portfolio. Oppenheimer & holds 0.4% or 170,625 shares in its portfolio. The Massachusetts-based Amundi Pioneer Asset Management has invested 0.45% in The Procter & Gamble Company (NYSE:PG). Appleton Prtn Inc Ma reported 1.12% in The Procter & Gamble Company (NYSE:PG). 9,139 are held by Hanson Mcclain. Royal Commercial Bank Of Canada reported 7.73 million shares. Utah-based Albion Fincl Ut has invested 0.13% in The Procter & Gamble Company (NYSE:PG). Hm Payson And has invested 1.69% in The Procter & Gamble Company (NYSE:PG). Chevy Chase Hldg Inc has invested 0.91% of its portfolio in The Procter & Gamble Company (NYSE:PG). Diversified Trust reported 21,659 shares.

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: Bizjournals.com which released: “Former P&G executive to help guide marijuana firm” on May 24, 2018, also Bizjournals.com with their article: “P&G boosting Russia investment” published on May 24, 2018, 247Wallst.com published: “Dow’s Worst Performing Stock Still Procter & Gamble” on May 05, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: Seekingalpha.com and their article: “Procter & Gamble recommits to Russia” published on May 24, 2018 as well as 247Wallst.com‘s news article titled: “Procter & Gamble Now at 5 Weeks as Dow’s Worst Performing Stock” with publication date: May 19, 2018.

Since December 13, 2017, it had 1 buy, and 6 selling transactions for $1.25 million activity. 10,770 shares were sold by MCDONOUGH ROBERT J, worth $1.28 million on Wednesday, May 2. Bailey Robert J. sold $274,217 worth of United Technologies Corporation (NYSE:UTX) on Monday, February 26. The insider Reynolds Fredric G bought $1.09M.

Another recent and important United Technologies Corporation (NYSE:UTX) news was published by Fool.com which published an article titled: “The Best is Yet to Come For United Technologies” on May 09, 2018.

Alpha Cubed Investments Llc, which manages about $320.00 million and $765.95M US Long portfolio, decreased its stake in Jpmorgan Chase & Co (AMJ) by 106,995 shares to 7,574 shares, valued at $208,000 in 2017Q4, according to the filing. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 7,250 shares in the quarter, leaving it with 42,420 shares, and cut its stake in Intel Corp (NASDAQ:INTC).

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.13, from 1.05 in 2017Q3. It turned negative, as 58 investors sold UTX shares while 554 reduced holdings. 121 funds opened positions while 441 raised stakes. 624.06 million shares or 0.48% more from 621.08 million shares in 2017Q3 were reported. Beach Investment Counsel Pa accumulated 0.04% or 3,258 shares. Rafferty Asset Mgmt Lc reported 0.05% in United Technologies Corporation (NYSE:UTX). Olstein Capital Mngmt Lp, a New York-based fund reported 58,500 shares. Woodley Farra Manion Portfolio Mgmt reported 1,855 shares. 579,173 are owned by Sei. Cadinha And Communications reported 0.18% of its portfolio in United Technologies Corporation (NYSE:UTX). Markel reported 165,000 shares. Eqis Cap, California-based fund reported 15,156 shares. Shelton Cap Mgmt accumulated 0.18% or 22,114 shares. Moreover, Natl Pension Service has 0.41% invested in United Technologies Corporation (NYSE:UTX) for 637,641 shares. Hudson Valley Investment Advisors Adv owns 0.19% invested in United Technologies Corporation (NYSE:UTX) for 6,019 shares. Acg Wealth holds 0.17% in United Technologies Corporation (NYSE:UTX) or 9,223 shares. 2,507 were reported by Atlas Browninc. Sageworth Trust accumulated 27 shares. Fire Group, Iowa-based fund reported 7,750 shares.

Among 22 analysts covering United Technologies Corporation (NYSE:UTX), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. United Technologies Corporation had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, May 8 by Daiwa Securities. The rating was maintained by Jefferies with “Buy” on Friday, July 7. Stifel Nicolaus maintained it with “Hold” rating and $124 target in Wednesday, October 25 report. The rating was maintained by Credit Suisse with “Neutral” on Monday, November 16. The firm earned “Outperform” rating on Monday, December 19 by Credit Suisse. The stock has “Buy” rating by Citigroup on Wednesday, October 21. On Wednesday, July 22 the stock rating was downgraded by Deutsche Bank to “Hold”. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Tuesday, May 30 by Jefferies. The firm has “Neutral” rating given on Thursday, October 6 by Robert W. Baird. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, April 27.

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

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