Jarislowsky Fraser LTD Has Trimmed By $1.72 Million Its Procter & Gamble Company (PG) Stake; Sound Shore Management Upped Its Occidental Petroleum (OXY) Position

November 15, 2017 - By Ellis Scott

Sound Shore Management Inc increased Occidental Petroleum Corporation (OXY) stake by 5.41% reported in 2017Q2 SEC filing. Sound Shore Management Inc acquired 174,143 shares as Occidental Petroleum Corporation (OXY)’s stock declined 8.50%. The Sound Shore Management Inc holds 3.39M shares with $202.98 million value, up from 3.22M last quarter. Occidental Petroleum Corporation now has $51.52 billion valuation. The stock declined 2.41% or $1.62 reaching $65.7 on the news. About 18,807 shares traded. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since November 15, 2016 and is downtrending. It has underperformed by 35.67% the S&P500.

Jarislowsky Fraser Ltd decreased Procter & Gamble Company (PG) stake by 1.1% reported in 2017Q2 SEC filing. Jarislowsky Fraser Ltd sold 19,743 shares as Procter & Gamble Company (PG)’s stock declined 5.32%. The Jarislowsky Fraser Ltd holds 1.77M shares with $154.46M value, down from 1.79 million last quarter. Procter & Gamble Company now has $225.46B valuation. The stock declined 0.30% or $0.27 reaching $88.6 per share. About 64,489 shares traded. Procter & Gamble Co (NYSE:PG) has risen 7.54% since November 15, 2016 and is uptrending. It has underperformed by 9.16% the S&P500.

Analysts await Procter & Gamble Co (NYSE:PG) to report earnings on January, 19. They expect $1.14 EPS, up 5.56% or $0.06 from last year’s $1.08 per share. PG’s profit will be $2.90B for 19.43 P/E if the $1.14 EPS becomes a reality. After $1.09 actual EPS reported by Procter & Gamble Co for the previous quarter, Wall Street now forecasts 4.59% EPS growth.

Jarislowsky Fraser Ltd increased Unitedhealth Group Incorporated (NYSE:UNH) stake by 4,883 shares to 500,240 valued at $92.75 million in 2017Q2. It also upped Coca (NYSE:KO) stake by 10,032 shares and now owns 252,561 shares. Vodafone Group Plc (NASDAQ:VOD) was raised too.

Investors sentiment increased to 0.94 in 2017 Q2. Its up 0.18, from 0.76 in 2017Q1. It is positive, as 63 investors sold PG shares while 714 reduced holdings. 112 funds opened positions while 620 raised stakes. 1.48 billion shares or 0.78% less from 1.49 billion shares in 2017Q1 were reported. Milestone Group holds 5,092 shares or 0.06% of its portfolio. Mu Invs Ltd holds 720 shares. Ci Incorporated has invested 1.17% in Procter & Gamble Co (NYSE:PG). Family Mngmt holds 1.9% or 31,755 shares. 13.24M are held by Price T Rowe Assoc Incorporated Md. Moreover, Benedict Fincl Incorporated has 2.16% invested in Procter & Gamble Co (NYSE:PG) for 46,811 shares. Eubel Brady & Suttman Asset Mngmt reported 5,987 shares. First Commonwealth Pa holds 42,274 shares. Moreover, Northside Management Limited Co has 0.37% invested in Procter & Gamble Co (NYSE:PG) for 9,904 shares. The Washington-based Palouse Cap Mgmt has invested 1.87% in Procter & Gamble Co (NYSE:PG). Blue Fin Cap holds 13,708 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 1.03 million shares or 0.88% of the stock. Meristem Limited Liability Partnership reported 10,221 shares. Hexavest Inc owns 835,862 shares. Edmp Incorporated invested in 25,425 shares.

Since May 17, 2017, it had 0 insider buys, and 3 insider sales for $8.78 million activity. 3,879 shares valued at $334,265 were sold by Skoufalos Ioannis on Monday, May 22. Louvet Patrice sold 49,226 shares worth $4.26 million.

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 11 have Buy rating, 1 Sell and 12 Hold. Therefore 46% are positive. Proctor & Gamble had 68 analyst reports since August 4, 2015 according to SRatingsIntel. TheStreet downgraded Procter & Gamble Co (NYSE:PG) on Tuesday, August 4 to “Hold” rating. The rating was maintained by Jefferies on Thursday, July 6 with “Buy”. Jefferies maintained Procter & Gamble Co (NYSE:PG) on Monday, July 17 with “Buy” rating. The stock of Procter & Gamble Co (NYSE:PG) has “Buy” rating given on Wednesday, April 19 by Jefferies. The stock of Procter & Gamble Co (NYSE:PG) has “Hold” rating given on Wednesday, December 21 by Stifel Nicolaus. The rating was downgraded by Vetr on Friday, August 7 to “Strong-Buy”. UBS maintained Procter & Gamble Co (NYSE:PG) on Monday, October 26 with “Neutral” rating. B. Riley & Co maintained it with “Neutral” rating and $84 target in Monday, October 26 report. Morgan Stanley maintained it with “Equal-Weight” rating and $90 target in Tuesday, October 24 report. SunTrust downgraded Procter & Gamble Co (NYSE:PG) on Thursday, December 22 to “Hold” rating.

Since June 7, 2017, it had 1 buy, and 0 selling transactions for $101,745 activity. 1,700 shares were bought by BURGHER CEDRIC W., worth $101,745.

Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 5 have Buy rating, 2 Sell and 14 Hold. Therefore 24% are positive. Occidental Petroleum Corporation had 69 analyst reports since August 3, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Buy” rating and $75.0 target in Sunday, August 20 report. As per Monday, May 29, the company rating was initiated by Mitsubishi UFJ. As per Wednesday, September 2, the company rating was maintained by Oppenheimer. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Neutral” rating by Mizuho on Monday, February 13. The stock has “Hold” rating by Jefferies on Monday, April 3. Barclays Capital maintained Occidental Petroleum Corporation (NYSE:OXY) on Friday, April 21 with “Sell” rating. The rating was maintained by Jefferies on Friday, November 3 with “Hold”. The stock has “Neutral” rating by Goldman Sachs on Friday, December 16. Jefferies maintained the stock with “Hold” rating in Friday, July 28 report. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Market Perform” rating given on Wednesday, January 11 by BMO Capital Markets.

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By1 Ellis Scott




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