As Macerich Co (MAC) Share Value Declined, Shareholder Starboard Value LP Raised Holding; Procter And Gamble Co (PG) Market Valuation Declined While Nuveen Asset Management Has Lowered by $346,336 Its Position

June 14, 2018 - By Dolores Ford

The Procter & Gamble Company (NYSE:PG) Logo

Nuveen Asset Management Llc decreased its stake in Procter And Gamble Co (PG) by 1.58% based on its latest 2018Q1 regulatory filing with the SEC. Nuveen Asset Management Llc sold 4,384 shares as the company’s stock declined 8.97% with the market. The institutional investor held 273,202 shares of the package goods and cosmetics company at the end of 2018Q1, valued at $21.66M, down from 277,586 at the end of the previous reported quarter. Nuveen Asset Management Llc who had been investing in Procter And Gamble Co for a number of months, seems to be less bullish one the $191.81B market cap company. The stock decreased 0.25% or $0.19 during the last trading session, reaching $76.28. About 4.35 million shares traded. The Procter & Gamble Company (NYSE:PG) has declined 14.45% since June 14, 2017 and is downtrending. It has underperformed by 27.02% the S&P500. Some Historical PG News: 07/03/2018 – P&G brand chief vows to `take back control’ from agencies; 23/05/2018 – PROCTER & GAMBLE REPORTS PRICING OF DEBT TENDER OFFER; 23/03/2018 – P&G to Webcast Discussion of Third Quarter 2017/18 Earnings Results on April 20; 13/03/2018 – Procter & Gamble Resolves Crest Whitestrips Patent Infringement Dispute With Ranir; 05/04/2018 – PG FOILS LTD PGFL.BO SAYS FIRE CONTROLLED WITHIN TIME CAUSING NO EFFECT ON PLANT AND MACHINERY; 22/05/2018 – P&G – AMENDED TERMS TO INCREASE PURCHASE PRICE THAT CO WILL PAY FROM $1.25 BLN TO AMOUNT THAT IS SUFFICIENT TO ALLOW CO TO PURCHASE ENTIRE TENDERED AMOUNTS; 19/04/2018 – P&G CFO SAYS RETAILERS ARE STILL REDUCING INVENTORY LEVELS; 19/04/2018 – P&G QTRLY GROOMING SEGMENT ORGANIC SALES DECREASED THREE PERCENT; 19/04/2018 – P&G 3Q CORE EPS $1.00, EST. 98C; 19/04/2018 – P&G CFO MOELLER SPEAKS ON CALL

Jeffrey Smith increased its stake in Macerich Co (MAC) by 302.81% based on its latest 2018Q1 regulatory filing with the SEC. Starboard Value Lp bought 1.82 million shares as the company’s stock declined 8.46% with the market. The hedge fund run by Jeffrey Smith held 2.42M shares of the real estate investment trusts company at the end of 2018Q1, valued at $135.39 million, up from 600,000 at the end of the previous reported quarter. Starboard Value Lp who had been investing in Macerich Co for a number of months, seems to be bullish on the $8.56 billion market cap company. The stock increased 0.52% or $0.29 during the last trading session, reaching $56.57. About 258,203 shares traded. Macerich Company (NYSE:MAC) has declined 9.01% since June 14, 2017 and is downtrending. It has underperformed by 21.58% the S&P500. Some Historical MAC News: 02/04/2018 – Fidelity Real Estate Adds Macerich, Exits Invitation Homes; 19/04/2018 – MACERICH CO MAC.N SAYS STEVEN HASH APPOINTED CHAIRMAN OF THE BOARD; 28/03/2018 – Macerich And Candytopia Succeed With lmmersive New Art Exhibit At Santa Monica Place; 02/05/2018 – CORRECT: MACERICH 1Q FFO/SHR AS ADJ REPORTED IN ERROR; 19/04/2018 – MACERICH IS SAID CLOSE TO ANNOUNCING PLANS FOR CEO TO RETIRE; 04/04/2018 – Carl O’Donnell: Exclusive: Starboard challenges U.S. mall owner Macerich’s board; 04/04/2018 – b8ta At Macerich’s Santa Monica Place Named ‘Store Of The Year’; 02/05/2018 – MACERICH 1Q FFO/SHR 82C, EST. 81C; 20/04/2018 – DJ Macerich Company, Inst Holders, 1Q 2018 (MAC); 19/04/2018 – MEDIA-Macerich is close to announcing plans for CEO Retirement – Bloomberg

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. The stock of The Procter & Gamble Company (NYSE:PG) earned “Buy” rating by Goldman Sachs on Wednesday, January 27. As per Thursday, July 27, the company rating was maintained by Stifel Nicolaus. The stock of The Procter & Gamble Company (NYSE:PG) earned “Buy” rating by Jefferies on Wednesday, November 15. The stock of The Procter & Gamble Company (NYSE:PG) earned “Hold” rating by RBC Capital Markets on Tuesday, August 1. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, April 17 report. Morgan Stanley maintained The Procter & Gamble Company (NYSE:PG) on Tuesday, October 24 with “Equal-Weight” rating. The stock has “Buy” rating by Stifel Nicolaus on Friday, July 22. The stock of The Procter & Gamble Company (NYSE:PG) earned “Buy” rating by Jefferies on Wednesday, April 19. The stock of The Procter & Gamble Company (NYSE:PG) earned “Hold” rating by SunTrust on Thursday, April 19. UBS maintained The Procter & Gamble Company (NYSE:PG) rating on Monday, October 26. UBS has “Neutral” rating and $81 target.

Since February 15, 2018, it had 0 insider buys, and 10 selling transactions for $8.44 million activity. The insider Fish Kathleen B sold $1.93 million. Shares for $410,266 were sold by Moeller Jon R. Another trade for 9,005 shares valued at $739,189 was made by Posada Juan Fernando on Thursday, February 15. 37,776 shares valued at $3.07 million were sold by Schomburger Jeffrey K on Thursday, February 15. On Tuesday, May 15 the insider Coombe Gary A sold $113,533. $931,536 worth of The Procter & Gamble Company (NYSE:PG) was sold by Giovanni Ciserani.

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on July, 26. They expect $0.91 earnings per share, up 7.06% or $0.06 from last year’s $0.85 per share. PG’s profit will be $2.29B for 20.96 P/E if the $0.91 EPS becomes a reality. After $1.00 actual earnings per share reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts -9.00% negative EPS growth.

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: 247Wallst.com which released: “Procter & Gamble Now at 5 Weeks as Dow’s Worst Performing Stock” on May 19, 2018, also Seekingalpha.com with their article: “Procter & Gamble recommits to Russia” published on May 24, 2018, 247Wallst.com published: “Procter & Gamble Remains the Dow’s Worst Performing Stock” on May 26, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: 247Wallst.com and their article: “Procter & Gamble Still the Dow’s Worst-Performing Stock” published on June 02, 2018 as well as Livetradingnews.com‘s news article titled: “The Procter & Gamble Company (NYSE:PG) Encouraging Extending Gains” with publication date: May 29, 2018.

Nuveen Asset Management Llc, which manages about $15.33 billion US Long portfolio, upped its stake in Spdr Series Trust (XBI) by 18,069 shares to 148,284 shares, valued at $13.01 million in 2018Q1, according to the filing. It also increased its holding in Life Storage Inc by 79,355 shares in the quarter, for a total of 90,421 shares, and has risen its stake in Pra Health Sciences Inc.

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.11, from 0.89 in 2017Q4. It dropped, 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. Stevens First Principles Investment Advsr accumulated 10,411 shares. Supplemental Annuity Collective Of Nj accumulated 22,000 shares or 0.76% of the stock. Marietta Inv Ptnrs Limited Liability Corporation accumulated 27,496 shares. Cohen Steers stated it has 0% in The Procter & Gamble Company (NYSE:PG). Williams Jones And Associate Limited Liability Com has 0.06% invested in The Procter & Gamble Company (NYSE:PG). First Fiduciary Invest Counsel Incorporated holds 2.7% in The Procter & Gamble Company (NYSE:PG) or 171,660 shares. Gould Asset Management Limited Liability Ca reported 10,061 shares or 0.35% of all its holdings. Jag Cap Mgmt Ltd reported 0.31% in The Procter & Gamble Company (NYSE:PG). Pathstone Family Office Limited Com reported 417 shares or 0.02% of all its holdings. Pennsylvania-based Guyasuta Invest has invested 0.9% in The Procter & Gamble Company (NYSE:PG). Blair William Il invested in 0.34% or 602,374 shares. Wedge Cap Mgmt L LP Nc holds 0% or 3,458 shares in its portfolio. Cincinnati Financial Corp reported 0.17% stake. Inverness Counsel Ltd Llc Ny invested in 0.74% or 154,114 shares. Bridgeway Cap Management owns 0.84% invested in The Procter & Gamble Company (NYSE:PG) for 987,506 shares.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.19, from 1.09 in 2017Q4. It fall, as 31 investors sold MAC shares while 106 reduced holdings. 30 funds opened positions while 93 raised stakes. 130.97 million shares or 3.27% less from 135.39 million shares in 2017Q4 were reported. Illinois-based Envestnet Asset Mngmt Inc has invested 0% in Macerich Company (NYSE:MAC). Wells Fargo And Mn accumulated 156,735 shares. Korea holds 0.02% or 68,120 shares in its portfolio. Mutual Of America Capital Ltd holds 13,863 shares or 0.01% of its portfolio. Voya Investment Mgmt Limited Liability Com owns 0.01% invested in Macerich Company (NYSE:MAC) for 62,900 shares. Employees Retirement Sys Of Texas invested in 114,100 shares. British Columbia Inv reported 64,185 shares. Hartford Invest has invested 0.02% in Macerich Company (NYSE:MAC). Long Pond Ltd Partnership stated it has 0.57% of its portfolio in Macerich Company (NYSE:MAC). Swiss Commercial Bank accumulated 383,941 shares. Tiaa Cref Invest Mngmt Ltd Company stated it has 454,429 shares or 0.02% of all its holdings. Sumitomo Mitsui Trust holds 0.03% or 425,398 shares in its portfolio. The Australia-based Commonwealth Retail Bank Of has invested 0% in Macerich Company (NYSE:MAC). Verition Fund Ltd Company stated it has 20,182 shares. Dimensional Fund LP stated it has 2.01 million shares.

More news for Macerich Company (NYSE:MAC) were recently published by: Nasdaq.com, which released: “Investors Shouldn’t Trust the Rally in Retail Stocks” on June 05, 2018. Seekingalpha.com‘s article titled: “Macerich: Takeover Target?” and published on May 21, 2018 is yet another important article.

Starboard Value Lp, which manages about $2.57 billion and $4.56 billion US Long portfolio, decreased its stake in Bemis Inc (NYSE:BMS) by 140,250 shares to 1.99M shares, valued at $86.59 million in 2018Q1, according to the filing. It also reduced its holding in Altaba Inc by 891,079 shares in the quarter, leaving it with 9.61 million shares, and cut its stake in Brinks Co (NYSE:BCO).

Macerich Company (NYSE:MAC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: