As Procter & Gamble Company (PG) Stock Declined, First Financial Bank – Trust Division Has Lowered Stake; Visa (V) Stock Value Rose While Fox Point Capital Management Cut Its Position

February 19, 2018 - By Ellis Scott

Charles Anderson decreased its stake in Visa Inc (V) by 50% based on its latest 2017Q3 regulatory filing with the SEC. Fox Point Capital Management Llc sold 22,500 shares as the company’s stock rose 5.74% with the market. The hedge fund run by Charles Anderson held 22,500 shares of the business services company at the end of 2017Q3, valued at $2.37 million, down from 45,000 at the end of the previous reported quarter. Fox Point Capital Management Llc who had been investing in Visa Inc for a number of months, seems to be less bullish one the $275.00 billion market cap company. The stock decreased 0.35% or $0.43 during the last trading session, reaching $121.85. About 6.37 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since February 19, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

First Financial Bank – Trust Division decreased its stake in Procter & Gamble Company (PG) by 1.58% based on its latest 2017Q3 regulatory filing with the SEC. First Financial Bank – Trust Division sold 4,855 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 302,472 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $27.52M, down from 307,327 at the end of the previous reported quarter. First Financial Bank – Trust Division who had been investing in Procter & Gamble Company for a number of months, seems to be less bullish one the $208.24B market cap company. The stock increased 0.23% or $0.19 during the last trading session, reaching $82.6. About 10.37 million shares traded or 21.77% up from the average. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since February 19, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

First Financial Bank – Trust Division, which manages about $590.72 million US Long portfolio, upped its stake in Vanguard (VTV) by 4,842 shares to 148,816 shares, valued at $14.86M in 2017Q3, according to the filing. It also increased its holding in Celgene Corp Com (NASDAQ:CELG) by 7,413 shares in the quarter, for a total of 26,270 shares, and has risen its stake in Ishares (EFA).

Investors sentiment decreased to 0.82 in Q3 2017. Its down 0.12, from 0.94 in 2017Q2. It is negative, as 51 investors sold PG shares while 765 reduced holdings. 110 funds opened positions while 558 raised stakes. 1.50 billion shares or 1.10% more from 1.48 billion shares in 2017Q2 were reported. Bridgeway Cap Management holds 951,241 shares. Moreover, New Mexico Educational Retirement Board has 1.03% invested in The Procter & Gamble Company (NYSE:PG) for 236,618 shares. Amica Pension Fund Board Of Trustees reported 127,936 shares. Peloton Wealth Strategists reported 1.05% of its portfolio in The Procter & Gamble Company (NYSE:PG). Morgan Dempsey Capital Mngmt Ltd Llc, Wisconsin-based fund reported 57,189 shares. Dynamic Advsr Solutions Ltd Limited Liability Company has 12,670 shares for 0.46% of their portfolio. Alps Advsr has 0.32% invested in The Procter & Gamble Company (NYSE:PG). 1.85M were reported by Mackenzie. Sterling Inv Mngmt Inc holds 2,608 shares. Planning Alternatives Limited Adv reported 0.12% stake. Gofen And Glossberg Limited Liability Corp Il holds 2.69% or 798,078 shares. Palisade Asset Management Limited reported 145,640 shares or 2.46% of all its holdings. Granite Ptnrs Limited Liability Corporation has invested 0.11% of its portfolio in The Procter & Gamble Company (NYSE:PG). The New York-based Utd Asset Strategies has invested 1.09% in The Procter & Gamble Company (NYSE:PG). Moreover, Raymond James And Assoc has 0.55% invested in The Procter & Gamble Company (NYSE:PG).

Since August 22, 2017, it had 0 buys, and 4 insider sales for $3.96 million activity. Another trade for 23,500 shares valued at $1.93 million was sold by Fish Kathleen B. The insider Majoras Deborah P sold $401,642. 20,175 The Procter & Gamble Company (NYSE:PG) shares with value of $1.87 million were sold by Sheppard Valarie L.

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Proctor & Gamble had 77 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, January 27 by UBS. Sterne Agee CRT initiated The Procter & Gamble Company (NYSE:PG) on Tuesday, July 21 with “Neutral” rating. Citigroup initiated the stock with “Neutral” rating in Tuesday, November 17 report. JP Morgan maintained the shares of PG in report on Wednesday, January 24 with “Neutral” rating. SunTrust maintained The Procter & Gamble Company (NYSE:PG) rating on Tuesday, January 23. SunTrust has “Hold” rating and $90.0 target. On Wednesday, March 30 the stock rating was maintained by B. Riley & Co with “Neutral”. As per Thursday, July 30, the company rating was downgraded by Credit Suisse. The company was maintained on Thursday, October 29 by Barclays Capital. The stock has “Overweight” rating by Morgan Stanley on Tuesday, January 26. Goldman Sachs upgraded The Procter & Gamble Company (NYSE:PG) rating on Tuesday, January 16. Goldman Sachs has “Hold” rating and $88.0 target.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.13, from 1.13 in 2017Q2. It worsened, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Brookstone Cap owns 8,911 shares. Barclays Public Ltd Company holds 2.06M shares. Fmr Ltd Limited Liability Company stated it has 1.1% of its portfolio in Visa Inc. (NYSE:V). Denver Investment Ltd Liability has invested 0.09% in Visa Inc. (NYSE:V). Budros Ruhlin Roe has invested 0.15% in Visa Inc. (NYSE:V). Etrade Capital Mgmt Limited Com holds 23,296 shares. Colorado-based Institute For Wealth Management Ltd Liability Corporation has invested 0.41% in Visa Inc. (NYSE:V). Dumont And Blake Inv Advsrs Limited Liability Com reported 7,340 shares. Amica Mutual Communication owns 0.89% invested in Visa Inc. (NYSE:V) for 95,185 shares. Tillar reported 23,230 shares. Loomis Sayles & Lp has invested 3.49% in Visa Inc. (NYSE:V). Ardevora Asset Llp holds 1.07% of its portfolio in Visa Inc. (NYSE:V) for 338,400 shares. Rothschild Inv Il has invested 1.11% in Visa Inc. (NYSE:V). Usca Ria Lc invested in 36,960 shares. Churchill has invested 0.11% in Visa Inc. (NYSE:V).

Since December 13, 2017, it had 0 insider buys, and 3 selling transactions for $6.56 million activity. $5.65M worth of Visa Inc. (NYSE:V) shares were sold by MAHON TULLIER KELLY. $205,440 worth of Visa Inc. (NYSE:V) shares were sold by Biggar Lynne.

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by KeyBanc Capital Markets on Wednesday, October 18. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, January 4. The rating was maintained by UBS with “Buy” on Friday, July 21. Oppenheimer maintained the stock with “Outperform” rating in Monday, October 19 report. On Tuesday, October 3 the stock rating was downgraded by Credit Suisse to “Hold”. RBC Capital Markets maintained it with “Buy” rating and $111.0 target in Monday, August 21 report. Cowen & Co maintained the stock with “Buy” rating in Friday, July 21 report. Barclays Capital maintained the stock with “Overweight” rating in Thursday, October 26 report. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, February 2. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Keefe Bruyette & Woods on Friday, August 11.

Fox Point Capital Management Llc, which manages about $337.67M and $23.75M US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 12,500 shares to 37,500 shares, valued at $6.41M in 2017Q3, according to the filing.

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