Wellcare Health Plans (WCG) Stake Has Raised by Koch Industries Inc; Procter & Gamble (PG) Position Raised by Troy Asset Management Ltd

June 17, 2018 - By Marie Mckinney

WellCare Health Plans, Inc. (NYSE:WCG) Logo

Troy Asset Management Ltd increased its stake in Procter & Gamble (PG) by 19.21% based on its latest 2018Q1 regulatory filing with the SEC. Troy Asset Management Ltd bought 271,685 shares as the company’s stock declined 8.97% with the market. The institutional investor held 1.69 million shares of the package goods and cosmetics company at the end of 2018Q1, valued at $133.66M, up from 1.41M at the end of the previous reported quarter. Troy Asset Management Ltd who had been investing in Procter & Gamble for a number of months, seems to be bullish on the $194.58 billion 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 17, 2017 and is downtrending. It has underperformed by 27.02% the S&P500. Some Historical PG News: 09/03/2018 – Goby and Kolibree are two other startups trying to crack into the market that’s dominated by Procter & Gamble’s Oral-B and Philips’ Sonicare; 19/04/2018 – P&G QTRLY GROOMING SEGMENT ORGANIC SALES DECREASED THREE PERCENT; 24/05/2018 – KALB News Channel 5: #BREAKING Multiple sources say fatal explosion happened at P&G Thursday morning; 19/04/2018 – P&G acquires Merck’s consumer health business for about $4.21 bln; 11/05/2018 – BSE Mumbai Bourse: Results from Procter & Gamble Hygiene & Health for Jan 01 to Mar 31; 19/04/2018 – P&G results underscore need for Merck deal; 11/04/2018 – S&PGR Affirms ProAmpac PG Intermediate LLC Ratings, Outlk Neg; 23/05/2018 – Always® Commemorates Menstrual Hygiene Day by Donating an Additional One Million Period Products in the U.S., as Part of Ongoing Efforts to Improve Access to Menstrual Care; 06/03/2018 – P&G to ‘take back control’ of ads; 19/04/2018 – TEVA PHARMACEUTICAL INDUSTRIES LTD – SEPARATION IS NOT EXPECTED TO HAVE A MATERIAL EFFECT (IMPACT) ON TEVA’S 2018 FINANCIAL OUTLOOK

Koch Industries Inc increased its stake in Wellcare Health Plans Inc (WCG) by 77.41% based on its latest 2018Q1 regulatory filing with the SEC. Koch Industries Inc bought 2,255 shares as the company’s stock rose 12.98% while stock markets declined. The institutional investor held 5,168 shares of the health care company at the end of 2018Q1, valued at $1.00M, up from 2,913 at the end of the previous reported quarter. Koch Industries Inc who had been investing in Wellcare Health Plans Inc for a number of months, seems to be bullish on the $10.75B market cap company. The stock increased 0.20% or $0.47 during the last trading session, reaching $240.29. About 403,796 shares traded or 19.34% up from the average. WellCare Health Plans, Inc. (NYSE:WCG) has risen 27.35% since June 17, 2017 and is uptrending. It has outperformed by 14.78% the S&P500. Some Historical WCG News: 01/05/2018 – WellCare Health Plans 1Q Medicaid Health Plans Revenue $2.81B; 07/05/2018 – Staywell Health Plan Selected to Provide Medicaid Services in Florida; 26/03/2018 – lll-lnformed and lll-Equipped: New Survey Reveals Many Adults Now More Concerned About Substance Abuse in Aging Parents Than in Their Kids; 13/03/2018 – CARE1ST HEALTH PLAN ARIZONA INC SAYS SELECTED TO ENTER INTO A CONTRACT WITH ARIZONA HEALTH CARE COST CONTAINMENT SYSTEM; 29/05/2018 – WellCare Health to buy Meridian for $2.5 bln; 30/05/2018 – Wellcare Presenting at AllianceBernstein Conference Tomorrow; 24/05/2018 – WellCare Elects Amy Compton-Phillips and Kathleen E. Walsh to Bd of Directors; 06/03/2018 – Tampa Bay Bus: WellCare CEO: Company is on track for `audacious’ goal; 01/05/2018 – WellCare Health Plans 1Q-End Days in Claims Payable 50.2 Days; 29/05/2018 – WELLCARE HEALTH PLANS SAYS IF DEAL TERMINATED BY MERIDIAN UNDER CERTAIN CONDITIONS, CO TO PAY MERIDIAN A TERMINATION FEE OF $100 MLN

Troy Asset Management Ltd, which manages about $2.17 billion US Long portfolio, decreased its stake in Verizon Communications Inc (NYSE:VZ) by 1.03 million shares to 55,159 shares, valued at $2.64 million in 2018Q1, according to the filing. It also reduced its holding in Dr Pepper Snapple Group Inc (NYSE:DPS) by 39,000 shares in the quarter, leaving it with 1.49M shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).

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 has “Outperform” rating given on Thursday, July 30 by Credit Suisse. The rating was downgraded by Deutsche Bank on Tuesday, December 13 to “Hold”. The stock of The Procter & Gamble Company (NYSE:PG) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, October 24. As per Friday, April 20, the company rating was downgraded by Argus Research. As per Tuesday, May 30, the company rating was maintained by Jefferies. The stock of The Procter & Gamble Company (NYSE:PG) earned “Neutral” rating by Atlantic Securities on Wednesday, January 6. The stock of The Procter & Gamble Company (NYSE:PG) has “Hold” rating given on Thursday, October 5 by SunTrust. The rating was maintained by RBC Capital Markets on Tuesday, October 27 with “Sector Perform”. On Friday, July 22 the stock rating was maintained by Stifel Nicolaus with “Buy”. Sterne Agee CRT initiated the stock with “Neutral” rating in Tuesday, July 21 report.

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: Seekingalpha.com which released: “Lanny’s Recent Stock Purchase – Procter & Gamble” on June 09, 2018, also Seekingalpha.com with their article: “Procter & Gamble recommits to Russia” published on May 24, 2018, Seekingalpha.com published: “It Is No Longer A Gamble Investing In Procter & Gamble: Part 5” on June 14, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: 247Wallst.com and their article: “Procter & Gamble Now at 5 Weeks as Dow’s Worst Performing Stock” published on May 19, 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.

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. Whittier Tru Co Of Nevada Inc stated it has 0.77% in The Procter & Gamble Company (NYSE:PG). Bancorp Hapoalim Bm invested in 4,935 shares or 0.1% of the stock. 16,721 were reported by New England Rech. Godsey And Gibb Associates has invested 2.31% in The Procter & Gamble Company (NYSE:PG). Zacks Inv Management holds 1.6% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 906,319 shares. Miracle Mile Advsrs Ltd invested 0.07% of its portfolio in The Procter & Gamble Company (NYSE:PG). 5,000 are held by West Chester Cap. Interocean Ltd Liability holds 179,488 shares or 1.89% of its portfolio. Texas State Bank Tx has 0.52% invested in The Procter & Gamble Company (NYSE:PG). St Germain D J Inc accumulated 230,611 shares or 2.31% of the stock. The Missouri-based Paradigm Financial Ltd Llc has invested 0.25% in The Procter & Gamble Company (NYSE:PG). 65,971 are held by Aspiriant Ltd Liability Corporation. Northstar Asset Mgmt Limited Com has 0.7% invested in The Procter & Gamble Company (NYSE:PG) for 21,061 shares. Cleararc Cap reported 57,423 shares stake. Gillespie Robinson & Grimm accumulated 17,792 shares.

Since February 15, 2018, it had 0 buys, and 10 selling transactions for $8.44 million activity. On Tuesday, May 15 Giovanni Ciserani sold $931,536 worth of The Procter & Gamble Company (NYSE:PG) or 12,034 shares. Moeller Jon R sold $410,266 worth of stock or 5,300 shares. Schomburger Jeffrey K sold $3.07 million worth of stock. Coombe Gary A sold 1,529 shares worth $113,533. $149,130 worth of The Procter & Gamble Company (NYSE:PG) shares were sold by Bishop Steven D. Fish Kathleen B also sold $1.93M worth of The Procter & Gamble Company (NYSE:PG) shares.

More notable recent WellCare Health Plans, Inc. (NYSE:WCG) news were published by: Prnewswire.com which released: “WellCare CEO Kenneth A. Burdick Receives “Excellence in Primary Care Award” from the Primary Care Development …” on June 05, 2018, also Investorplace.com with their article: “Buy 5 Low-Beta Stocks to Counter Global Trade War Conflicts” published on June 15, 2018, Seekingalpha.com published: “Premarket analyst action – healthcare” on June 11, 2018. More interesting news about WellCare Health Plans, Inc. (NYSE:WCG) were released by: Seekingalpha.com and their article: “WellCare Health Plans (WCG) Investor Presentation – Slideshow” published on May 25, 2018 as well as Bizjournals.com‘s news article titled: “Anthem’s Tampa-based subsidiaries name new CEO and CFO” with publication date: May 25, 2018.

Among 21 analysts covering Wellcare Health Plans Inc. (NYSE:WCG), 15 have Buy rating, 0 Sell and 6 Hold. Therefore 71% are positive. Wellcare Health Plans Inc. had 60 analyst reports since July 23, 2015 according to SRatingsIntel. Cantor Fitzgerald maintained the shares of WCG in report on Monday, December 18 with “Buy” rating. The rating was upgraded by Bank of America on Friday, March 16 to “Buy”. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Hold” rating given on Wednesday, November 1 by Jefferies. The rating was maintained by Wells Fargo with “Buy” on Wednesday, May 2. The stock has “Buy” rating by Cantor Fitzgerald on Thursday, August 24. The firm has “Buy” rating given on Thursday, September 21 by MUFG Securities Americas Inc. On Tuesday, December 13 the stock rating was downgraded by Goldman Sachs to “Neutral”. The rating was upgraded by Wells Fargo on Wednesday, March 21 to “Outperform”. The firm has “Buy” rating given on Tuesday, October 31 by Cantor Fitzgerald. The company was maintained on Monday, August 7 by Morgan Stanley.

Koch Industries Inc, which manages about $979.49M US Long portfolio, decreased its stake in Tractor Supply Co (NASDAQ:TSCO) by 5,483 shares to 5,413 shares, valued at $341,000 in 2018Q1, according to the filing. It also reduced its holding in Yelp Inc (NYSE:YELP) by 8,927 shares in the quarter, leaving it with 5,875 shares, and cut its stake in Varian Med Sys Inc (NYSE:VAR).

Investors sentiment decreased to 1.09 in 2018 Q1. Its down 0.04, from 1.13 in 2017Q4. It is negative, as 28 investors sold WCG shares while 111 reduced holdings. 44 funds opened positions while 107 raised stakes. 42.02 million shares or 0.65% less from 42.30 million shares in 2017Q4 were reported. Stone Ridge Asset Mgmt Ltd Liability Co has invested 0.15% in WellCare Health Plans, Inc. (NYSE:WCG). Apg Asset Mgmt Nv holds 0.03% or 82,300 shares in its portfolio. Asset Management One Limited holds 0.01% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG) for 21,700 shares. Ameritas Investment Prtn has 13,315 shares. 42,416 were reported by Glenmede Na. Voya Investment Ltd Liability Corp accumulated 84,051 shares. Principal Group Incorporated owns 207,477 shares or 0.04% of their US portfolio. Highland Cap Management Ltd Com has invested 0.05% in WellCare Health Plans, Inc. (NYSE:WCG). 18,606 are held by Susquehanna Llp. Invesco Ltd holds 232,099 shares or 0.02% of its portfolio. Mackenzie Fin invested in 8,543 shares. New Mexico Educational Retirement Board holds 0.09% or 12,300 shares. Geode Cap Limited Liability Company reported 455,468 shares stake. Acadian Asset Ltd Liability Company holds 1.60M shares. Ameriprise Financial, Minnesota-based fund reported 421,951 shares.

WellCare Health Plans, Inc. (NYSE:WCG) Institutional Positions Chart

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