Covington Capital Management Has Increased Its Stake in Vodafone Group Plc New (VOD) by $517,914 as Shares Declined; As Procter & Gamble (PG) Market Value Declined, Shareholder Yacktman Asset Management LP Increased Its Position

June 16, 2018 - By Ruchi Gupta

Vodafone Group Plc (NASDAQ:VOD) Logo

Donald Yacktman increased its stake in Procter & Gamble (PG) by 1.45% based on its latest 2018Q1 regulatory filing with the SEC. Yacktman Asset Management Lp bought 219,593 shares as the company’s stock declined 8.97% with the market. The hedge fund run by Donald Yacktman held 15.38M shares of the package goods and cosmetics company at the end of 2018Q1, valued at $1.22 billion, up from 15.16 million at the end of the previous reported quarter. Yacktman Asset Management Lp who had been investing in Procter & Gamble for a number of months, seems to be bullish on the $194.58B market cap company. The stock increased 1.83% or $1.39 during the last trading session, reaching $77.38. About 14.94 million shares traded or 54.68% up from the average. The Procter & Gamble Company (NYSE:PG) has declined 14.45% since June 16, 2017 and is downtrending. It has underperformed by 27.02% the S&P500. Some Historical PG News: 06/04/2018 – Can P&G Still Be Saved? — Barrons.com; 19/04/2018 – PROCTER & GAMBLE CO PG.N FY2018 SHR VIEW $4.18 — THOMSON REUTERS l/B/E/S; 19/04/2018 – Teva and the Procter & Gamble Co Have Agreed to Terminate the PGT Healthcare Partnership; 19/04/2018 – TEVA PHARMACEUTICAL INDUSTRIES LTD – SEPARATION IS PLANNED TO TAKE EFFECT JULY 1, 2018 SUBJECT TO RECEIPT OF APPLICABLE REGULATORY APPROVALS; 19/04/2018 – Moody’s Affirms Procter & Gamble’s Aa3 Rating Following Announced Acquisition Of Merck’s Consumer Health Business; Outlook Stable; 18/04/2018 – P&G Nears Deal to Acquire Merck KGaA’s Consumer Health Unit; 19/04/2018 – P&G results underscore need for Merck deal; 07/04/2018 – Mumbai Bourse: Pg Electroplast Ltd. – Statement Of Investor Complaints For The Quarter Ended March 2018; 19/04/2018 – P&G – ESTIMATES ALL-IN SALES GROWTH OF APPROXIMATELY THREE PERCENT FOR FISCAL 2018; 08/03/2018 – Attivo Networks® Wins Two Awards in the 14th Annual Info Security PG’s 2018 Global Excellence Awards®

Covington Capital Management increased its stake in Vodafone Group Plc New (VOD) by 42.8% based on its latest 2018Q1 regulatory filing with the SEC. Covington Capital Management bought 19,182 shares as the company’s stock declined 10.20% with the market. The institutional investor held 64,004 shares of the telecommunications equipment company at the end of 2018Q1, valued at $1.78 million, up from 44,822 at the end of the previous reported quarter. Covington Capital Management who had been investing in Vodafone Group Plc New for a number of months, seems to be bullish on the $66.13B market cap company. The stock decreased 0.96% or $0.24 during the last trading session, reaching $24.74. About 4.27M shares traded or 15.09% up from the average. Vodafone Group Plc (NASDAQ:VOD) has declined 12.54% since June 16, 2017 and is downtrending. It has underperformed by 25.11% the S&P500. Some Historical VOD News: 12/04/2018 – VODAFONE UK – COMPLETED FIRST TEST OF NEW 5G SPECTRUM ACROSS AN EXISTING LIVE NETWORK BETWEEN MANCHESTER AND CO’S HEADQUARTERS IN NEWBURY, BERKSHIRE; 14/05/2018 – FITCH: TELCO M&A CONVERGENCE DRIVEN, INCUMBENT TIE-UPS UNLIKELY; 05/04/2018 – Telefonica, Vodafone, BT, Hutchison Win in UK Mobile Airwaves Auction -Ofcom; 22/03/2018 – Vodafone: Kumar Mangalam Birla To Be Non-Executive Chmn of Merged Vodafone India Co; 06/03/2018 – Ofcom opens net neutrality investigation into Three and Vodafone; 24/04/2018 – BHARTI-INDUS DEAL VALUES VODAFONE’S SHAREHOLDING AT $4.3B; 06/04/2018 – Economic Times: Vodafone plans ambush marketing during IPL to upstage Reliance Jio; 26/03/2018 – Daily News (EG): Vodafone tops list of telecom companies in Egypt in 2017 revenue growth; 15/05/2018 – VODAFONE GROUP PLC – BOARD ANNOUNCES GROUP CHIEF EXECUTIVE SUCCESSION; 15/05/2018 – Vodafone chief bows out after ‘remarkable transformation’

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. B. Riley & Co maintained it with “Neutral” rating and $74 target in Wednesday, March 30 report. The firm earned “Equal-Weight” rating on Thursday, April 5 by Morgan Stanley. On Wednesday, April 19 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by RBC Capital Markets with “Hold” on Friday, June 30. The firm has “Buy” rating by Jefferies given on Tuesday, October 17. The rating was downgraded by Stifel Nicolaus on Wednesday, December 21 to “Hold”. Stifel Nicolaus maintained the shares of PG in report on Wednesday, January 24 with “Hold” rating. The company was upgraded on Friday, August 26 by Johnson Rice. The stock of The Procter & Gamble Company (NYSE:PG) earned “Hold” rating by RBC Capital Markets on Monday, April 23. The stock has “Hold” rating by Suntrust Robinson on Thursday, December 22.

Since February 15, 2018, it had 0 insider purchases, and 10 insider sales for $8.44 million activity. On Wednesday, February 28 the insider Fish Kathleen B sold $103,190. $3.07M worth of stock was sold by Schomburger Jeffrey K on Thursday, February 15. 9,005 The Procter & Gamble Company (NYSE:PG) shares with value of $739,189 were sold by Posada Juan Fernando. 2,075 The Procter & Gamble Company (NYSE:PG) shares with value of $149,130 were sold by Bishop Steven D. $317,221 worth of stock was sold by Skoufalos Ioannis on Tuesday, May 15. On Tuesday, May 15 Giovanni Ciserani sold $931,536 worth of The Procter & Gamble Company (NYSE:PG) or 12,034 shares.

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: Fool.com which released: “3 Terrible Reasons to Buy Procter & Gamble” on May 25, 2018, also 247Wallst.com with their article: “Procter & Gamble Still the Dow’s Worst-Performing Stock” published on June 02, 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: Bizjournals.com and their article: “P&G partners with online retailer for Father’s Day ad with subtitles” published on June 15, 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 2018 Q1. Its down 0.11, from 0.89 in 2017Q4. It dived, 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. 84,895 were reported by Iberiabank. Reliance Tru Com has 5.22% invested in The Procter & Gamble Company (NYSE:PG) for 3,185 shares. Advantus Capital Mngmt has 255,466 shares. Autus Asset Mngmt holds 17,134 shares. Cahill Advsrs holds 3,199 shares. Grassi Management owns 2.39% invested in The Procter & Gamble Company (NYSE:PG) for 185,944 shares. Clear Harbor Asset Mngmt Ltd Liability Corporation reported 0.21% stake. Hirtle Callaghan And Co Ltd Liability Corp holds 0.07% in The Procter & Gamble Company (NYSE:PG) or 9,000 shares. Moreover, Cypress Asset Mngmt Inc Tx has 1.45% invested in The Procter & Gamble Company (NYSE:PG) for 62,621 shares. Welch And Forbes Ltd Company owns 895,109 shares. Carnegie Capital Asset Mgmt Ltd Limited Liability Company, a Ohio-based fund reported 102,911 shares. 52,979 were reported by Salem Capital Mngmt. Savant Cap Limited Com holds 60,521 shares. Foster Dykema Cabot & Ma owns 664,157 shares. Palisade Asset Management Ltd Llc reported 2.07% in The Procter & Gamble Company (NYSE:PG).

Yacktman Asset Management Lp, which manages about $30.82B and $9.72B US Long portfolio, decreased its stake in Exxon Mobil Corp. (NYSE:XOM) by 17,342 shares to 2.38 million shares, valued at $177.80M in 2018Q1, according to the filing. It also reduced its holding in Cisco Systems Inc. (NASDAQ:CSCO) by 6.61M shares in the quarter, leaving it with 13.09 million shares, and cut its stake in Unilever N.V. (NYSE:UN).

More news for Vodafone Group Plc (NASDAQ:VOD) were recently published by: Seekingalpha.com, which released: “45 ‘Safer’ Dividend Nasdaq Equities For June” on June 11, 2018. Seekingalpha.com‘s article titled: “Why The Negativity Over Vodafone?” and published on May 23, 2018 is yet another important article.

Covington Capital Management, which manages about $1.97B and $1.52 billion US Long portfolio, decreased its stake in Pfizer Inc (NYSE:PFE) by 16,552 shares to 152,431 shares, valued at $5.41 million in 2018Q1, according to the filing. It also reduced its holding in Boeing Co (NYSE:BA) by 4,729 shares in the quarter, leaving it with 76,254 shares, and cut its stake in Cerner Corp (NASDAQ:CERN).

Among 10 analysts covering Vodafone Group PLC (ADR) (NASDAQ:VOD), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Vodafone Group PLC (ADR) had 19 analyst reports since October 19, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 9 by Bank of America. Bank of America maintained Vodafone Group Plc (NASDAQ:VOD) on Wednesday, May 16 with “Buy” rating. The firm has “Neutral” rating by Bank of America given on Wednesday, January 25. The company was downgraded on Tuesday, January 17 by HSBC. The firm earned “Neutral” rating on Monday, June 13 by Macquarie Research. The stock of Vodafone Group Plc (NASDAQ:VOD) earned “Overweight” rating by Barclays Capital on Friday, December 8. The firm has “Hold” rating by Argus Research given on Tuesday, September 20. Macquarie Research upgraded the stock to “Outperform” rating in Monday, October 19 report. Bank of America upgraded the stock to “Buy” rating in Wednesday, April 20 report. The rating was downgraded by Standpoint Research on Thursday, June 1 to “Reduce”.

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

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