As Brown Forman (BF.B) Stock Value Were Volatile, Proshare Advisors Lifted Stake by $5.59 Million; Pacad Investment LTD Has Raised Holding in Pg&E (PCG)

June 17, 2018 - By Peter Kolinski

Brown-Forman Corporation (NYSE:BF.B) Logo

Proshare Advisors Llc increased its stake in Brown Forman Corp (BF.B) by 8.28% based on its latest 2018Q1 regulatory filing with the SEC. Proshare Advisors Llc bought 103,529 shares as the company’s stock 0.00% . The institutional investor held 1.35M shares of the company at the end of 2018Q1, valued at $73.65M, up from 1.25M at the end of the previous reported quarter. Proshare Advisors Llc who had been investing in Brown Forman Corp for a number of months, seems to be bullish on the $27.31 billion market cap company. The stock increased 0.85% or $0.45 during the last trading session, reaching $53.39. About 3.19M shares traded or 192.02% up from the average. Brown-Forman Corporation (NYSE:BF.B) has risen 40.18% since June 17, 2017 and is uptrending. It has outperformed by 27.61% the S&P500.

Pacad Investment Ltd increased its stake in Pg&E Corp (PCG) by 209.63% based on its latest 2018Q1 regulatory filing with the SEC. Pacad Investment Ltd bought 24,627 shares as the company’s stock rose 8.77% while stock markets declined. The institutional investor held 36,375 shares of the power generation company at the end of 2018Q1, valued at $1.57M, up from 11,748 at the end of the previous reported quarter. Pacad Investment Ltd who had been investing in Pg&E Corp for a number of months, seems to be bullish on the $20.76B market cap company. The stock increased 0.78% or $0.31 during the last trading session, reaching $40.2. About 10.23M shares traded or 134.80% up from the average. PG&E Corporation (NYSE:PCG) has declined 33.63% since June 17, 2017 and is downtrending. It has underperformed by 46.20% the S&P500. Some Historical PCG News: 19/04/2018 – Trio of Baby Falcons Banded at PG&E’s Headquarters; 03/05/2018 – PG&E CEO GEISHA WILLIAMS SPEAKS ON CALL; 22/03/2018 – PG&E TO ESTABLISH WILDFIRE SAFETY OPERATIONS CENTER; 22/05/2018 – PG&E Highlights Importance of Reforming Wildfire Liability Policies as Part of California’s Focus on Clean Energy and Climate Resilience; 08/03/2018 – PG&E CEO GEISHA WILLIAMS SPEAKS AT CERAWEEK; 17/03/2018 – Cal EMA Spills: SPILL Report – PG&E – 03/17/2018 05:23 PM; 19/03/2018 – Moody’s Downgrades Pg&E To A3 And Pg&E Corp To Baa1, Outlooks Are Negative; 31/03/2018 – Cal EMA Spills: SPILL Report – PG&E – 03/31/2018 05:23 PM; 04/05/2018 – S&PGR Lowers Pacific Gas & Electric Pref Stock Rtg To ‘CCC+’; 19/04/2018 – DJ PG&E Corporation, Inst Holders, 1Q 2018 (PCG)

Among 12 analysts covering Brown-Forman (NYSE:BF.B), 1 have Buy rating, 2 Sell and 9 Hold. Therefore 8% are positive. Brown-Forman had 43 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by Pivotal Research given on Thursday, December 7. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, December 6. The stock of Brown-Forman Corporation (NYSE:BF.B) earned “Hold” rating by SunTrust on Wednesday, March 7. The rating was maintained by Stifel Nicolaus on Wednesday, March 8 with “Hold”. SunTrust maintained Brown-Forman Corporation (NYSE:BF.B) on Wednesday, December 6 with “Hold” rating. As per Thursday, December 8, the company rating was maintained by Stifel Nicolaus. On Thursday, March 8 the stock rating was maintained by RBC Capital Markets with “Hold”. As per Tuesday, July 21, the company rating was initiated by Sterne Agee CRT. Stifel Nicolaus maintained it with “Hold” rating and $49.0 target in Thursday, October 12 report. The company was downgraded on Friday, February 26 by Sterne Agee CRT.

More news for Brown-Forman Corporation (NYSE:BF.B) were recently published by: Seekingalpha.com, which released: “Brown-Forman Corporation (BF.B) CEO Paul Varga on Q4 2018 Results – Earnings Call Transcript” on June 06, 2018. Seekingalpha.com‘s article titled: “Ross: EU will determine tariff escalation” and published on May 31, 2018 is yet another important article.

Proshare Advisors Llc, which manages about $28.14B and $15.35B US Long portfolio, decreased its stake in Andersons Inc (NASDAQ:ANDE) by 63,567 shares to 192,337 shares, valued at $6.37M in 2018Q1, according to the filing. It also reduced its holding in Infinity Ppty & Cas Corp (NASDAQ:IPCC) by 18,422 shares in the quarter, leaving it with 57,799 shares, and cut its stake in Amtrust Finl Svcs Inc (NASDAQ:AFSI).

Pacad Investment Ltd, which manages about $405.40M US Long portfolio, decreased its stake in Hanesbrands Inc (NYSE:HBI) by 35,466 shares to 4,900 shares, valued at $90,000 in 2018Q1, according to the filing. It also reduced its holding in Csx Corp (NYSE:CSX) by 11,493 shares in the quarter, leaving it with 24,300 shares, and cut its stake in Euronet Worldwide Inc (NASDAQ:EEFT).

More notable recent PG&E Corporation (NYSE:PCG) news were published by: Businesswire.com which released: “PCG Investor Alert: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of …” on June 15, 2018, also Globenewswire.com with their article: “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against PG&E Corporation (PCG)” published on June 16, 2018, Seekingalpha.com published: “Summarizing PG&E’s Fire Situation In A Spreadsheet” on June 12, 2018. More interesting news about PG&E Corporation (NYSE:PCG) were released by: Globenewswire.com and their article: “Hagens Berman Alerts Investors in PG&E Corporation (NYSE: PCG) to August 13, 2018 Securities Class Action Lead …” published on June 13, 2018 as well as Globenewswire.com‘s news article titled: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” with publication date: June 13, 2018.

PG&E Corporation (NYSE:PCG) Institutional Positions Chart

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