Procter And Gamble Co Com (PG) Market Valuation Declined While Legacy Capital Partners Lowered Stake by $323,268; Fj Capital Management Increases Stake in Pinnacle Finl Partners (PNFP)

June 18, 2018 - By Winifred Garcia

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Logo

Fj Capital Management Llc increased its stake in Pinnacle Finl Partners Inc (PNFP) by 7.78% based on its latest 2018Q1 regulatory filing with the SEC. Fj Capital Management Llc bought 46,400 shares as the company’s stock rose 1.43% while stock markets declined. The hedge fund held 642,900 shares of the finance company at the end of 2018Q1, valued at $40.20 million, up from 596,500 at the end of the previous reported quarter. Fj Capital Management Llc who had been investing in Pinnacle Finl Partners Inc for a number of months, seems to be bullish on the $4.93 billion market cap company. The stock decreased 2.44% or $1.6 during the last trading session, reaching $63.9. About 861,135 shares traded or 44.07% up from the average. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has risen 9.17% since June 18, 2017 and is uptrending. It has underperformed by 3.40% the S&P500. Some Historical PNFP News: 08/05/2018 – MARCUS & MILLICHAP,: PACT TO BUY PINNACLE FINANCIAL GROUP; 16/04/2018 – Pinnacle Financial 1Q EPS 7c; 26/03/2018 Hartford MidCap Adds Pinnacle Financial; 25/04/2018 – Hartford MidCap Value Adds Pinnacle Financial; 16/04/2018 – Pinnacle Financial 1Q Rev $218.7M; 17/04/2018 – Pinnacle Financial Declares Quarter Cash Dividend of 14c; 16/04/2018 – PINNACLE FINANCIAL 1Q ADJ EPS $1.13, EST. $1.10; 08/05/2018 – Marcus & Millichap, Inc. Announces Agreement To Acquire Pinnacle Financial Group; 15/05/2018 – Wellington Management Group Buys 2.3% of Pinnacle Financial; 16/04/2018 – Correct: Pinnacle Financial 1Q EPS $1.08, Not 7 Cents

Legacy Capital Partners Inc decreased its stake in Procter And Gamble Co Com (PG) by 8.46% based on its latest 2018Q1 regulatory filing with the SEC. Legacy Capital Partners Inc sold 4,092 shares as the company’s stock declined 8.97% with the market. The institutional investor held 44,278 shares of the package goods and cosmetics company at the end of 2018Q1, valued at $3.51M, down from 48,370 at the end of the previous reported quarter. Legacy Capital Partners Inc who had been investing in Procter And Gamble Co Com 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: 06/03/2018 – P&G TO CUT AD AGENCY SPENDING BY $1.25B IN NEXT 3 YEARS: FT; 21/05/2018 – P&G Brands Provide Clear, Accessible and Reliable Product Information in SmartLabel™; 03/04/2018 – NEW: Pfizer in talks with P&G on the sale of its consumer business, but the companies are far apart on price, sources tell @DavidFaber; 08/03/2018 – Costco’s Squeeze on Suppliers Signifies Pain for P&G, Nestle; 03/04/2018 – CNBC: Pfizer in talks with P&G on sale of its consumer business, though they are far apart on price; 17/04/2018 – 13D: TRIAN’S JOSH FRANK SAYS STILL `EARLY DAYS’ WITH P&G; 18/04/2018 – P&G NEARS DEAL TO ACQUIRE MERCK KGAA’S CONSUMER-HEALTH UNIT – WSJ, CITING; 07/03/2018 – P&G brand chief vows to `take back control’ from agencies; 19/04/2018 – P&G CFO MOELLER SPEAKS ON CALL; 03/04/2018 – CORRECTED-PFIZER CONSIDERING OPTIONS, INCLUDING JOINT VENTURE WITH OTHER DRUG MAKERS – CNBC, CITING SOURCES (NOT “WITH P&G”)

Fj Capital Management Llc, which manages about $217.40M and $812.18 million US Long portfolio, decreased its stake in Investors Bancorp Inc New (NASDAQ:ISBC) by 52,900 shares to 2.58 million shares, valued at $34.14M in 2018Q1, according to the filing. It also reduced its holding in Independent Bank Corp Mich (NASDAQ:IBCP) by 28,000 shares in the quarter, leaving it with 457,000 shares, and cut its stake in Guaranty Bancshares Inc Tex (GNTY).

Since January 8, 2018, it had 0 insider buys, and 16 insider sales for $10.77 million activity. 20,000 shares valued at $1.31 million were sold by CALLICUTT RICHARD D II on Tuesday, January 16. On Tuesday, March 6 the insider QUEENER HUGH M sold $1.43M. 3,000 shares were sold by Samuel Ronald L, worth $189,077 on Tuesday, March 27. TURNER M TERRY had sold 31,171 shares worth $2.09 million. BURNS GREGORY L sold $200,333 worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Wednesday, February 21. 1,000 shares valued at $67,880 were sold by LOUGHRY ED C JR on Wednesday, March 7.

Investors sentiment increased to 1.33 in Q1 2018. Its up 0.37, from 0.96 in 2017Q4. It improved, as 24 investors sold PNFP shares while 71 reduced holdings. 34 funds opened positions while 92 raised stakes. 56.67 million shares or 3.04% less from 58.45 million shares in 2017Q4 were reported. Great West Life Assurance Co Can holds 0.01% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) or 44,041 shares. Moreover, Ameritas Invest Ptnrs has 0.07% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Natixis Advisors Limited Partnership holds 0.01% or 16,362 shares. Mountain Pacific Inv Advisers Inc Id reported 264,025 shares. Rmb Capital Management invested in 0.25% or 154,134 shares. Balyasny Asset Mgmt Llc invested in 162,498 shares or 0.04% of the stock. 213,221 were reported by New York State Common Retirement Fund. Utd Automobile Association reported 0% stake. Wasatch Advsr Inc invested in 0.71% or 856,035 shares. Suntrust Banks Inc stated it has 0.02% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). City Holding holds 0.01% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) or 363 shares. Moreover, Maple Capital Mgmt has 0.21% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Employees Retirement System Of Ohio accumulated 101,116 shares. 2,300 are owned by Benjamin F Edwards & Com. Comerica Retail Bank holds 0.05% or 103,833 shares in its portfolio.

Among 15 analysts covering Pinnacle Financial Partners (NASDAQ:PNFP), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Pinnacle Financial Partners had 44 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating by Piper Jaffray given on Wednesday, October 18. On Wednesday, October 18 the stock rating was maintained by SunTrust with “Buy”. The firm earned “Buy” rating on Monday, February 26 by Keefe Bruyette & Woods. The rating was downgraded by Bruyette & Woods” to “Mkt Perform” on Thursday, July 23. The stock of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) earned “Buy” rating by SunTrust on Tuesday, October 3. FIG Partners downgraded the stock to “Market Perform” rating in Monday, July 27 report. Keefe Bruyette & Woods maintained Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) rating on Thursday, July 13. Keefe Bruyette & Woods has “Hold” rating and $7000 target. On Thursday, January 18 the stock rating was maintained by Sandler O’Neill with “Buy”. The stock of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has “Buy” rating given on Monday, January 8 by SunTrust. The rating was maintained by Stephens on Thursday, January 18 with “Hold”.

More news for Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) were recently published by: Seekingalpha.com, which released: “Pinnacle Financial Partners (PNFP) Investor Presentation – Slideshow” on June 08, 2018. Businesswire.com‘s article titled: “Pinnacle Financial Partners to Offer Webcast of June 7 Investor Day” and published on June 05, 2018 is yet another important article.

Since February 15, 2018, it had 0 buys, and 10 sales for $8.44 million activity. Pritchard Marc S. sold $668,179 worth of stock. Skoufalos Ioannis sold $317,221 worth of stock. 12,034 shares valued at $931,536 were sold by Giovanni Ciserani on Tuesday, May 15. The insider Schomburger Jeffrey K sold $3.07M. Posada Juan Fernando had sold 9,005 shares worth $739,189. Coombe Gary A sold 1,529 shares worth $113,533.

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, Bizjournals.com published: “P&G drafts Stanley Cup star for ad campaign” on June 15, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: Bizjournals.com and their article: “P&G ending operations in Iran because of Trump decision” published on June 04, 2018 as well as Fool.com‘s news article titled: “3 Terrible Reasons to Buy Procter & Gamble” with publication date: May 25, 2018.

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 firm earned “Buy” rating on Tuesday, September 8 by SunTrust. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, December 21. As per Thursday, October 5, the company rating was maintained by SunTrust. RBC Capital Markets maintained the shares of PG in report on Monday, April 23 with “Hold” rating. Stifel Nicolaus maintained The Procter & Gamble Company (NYSE:PG) on Tuesday, April 17 with “Hold” rating. JP Morgan maintained The Procter & Gamble Company (NYSE:PG) rating on Wednesday, January 24. JP Morgan has “Neutral” rating and $98 target. Vetr downgraded The Procter & Gamble Company (NYSE:PG) on Friday, August 7 to “Strong-Buy” rating. Jefferies maintained the shares of PG in report on Thursday, July 6 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, September 5. Barclays Capital maintained The Procter & Gamble Company (NYSE:PG) rating on Thursday, October 29. Barclays Capital has “Overweight” rating and $61.0 target.

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.11, from 0.89 in 2017Q4. It fall, 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. Duff Phelps Inv Mngmt Company owns 27,435 shares for 0.03% of their portfolio. Mawer Inv Management Ltd holds 0.58% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 874,218 shares. 9,760 are held by Levin Strategies Limited Partnership. Richard C Young & holds 2.03% or 128,907 shares in its portfolio. Shell Asset has invested 0.72% in The Procter & Gamble Company (NYSE:PG). Citigroup has invested 0.17% in The Procter & Gamble Company (NYSE:PG). First Natl Bank And Of Newtown has 1.18% invested in The Procter & Gamble Company (NYSE:PG). Folger Nolan Fleming Douglas Cap owns 139,665 shares for 1.65% of their portfolio. Ironwood Fincl Lc reported 0.03% stake. Leavell Investment Mgmt Inc owns 72,618 shares for 0.67% of their portfolio. Community Natl Bank Of Raymore holds 37,638 shares or 1.3% of its portfolio. Ipg Invest Advisors Lc accumulated 2,800 shares. 162.60 million are owned by Blackrock. Main Street Research Llc invested in 3.68% or 263,147 shares. Huntington Steele Limited Liability holds 3,737 shares.

Legacy Capital Partners Inc, which manages about $260.53 million and $199.46 million US Long portfolio, upped its stake in Smucker J M Co Com New (NYSE:SJM) by 3,185 shares to 16,668 shares, valued at $2.07 million in 2018Q1, according to the filing. It also increased its holding in Freeport (NYSE:FCX) by 20,000 shares in the quarter, for a total of 40,380 shares, and has risen its stake in Teladoc Inc Com.

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 $2.29B 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.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Institutional Positions Chart

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