Perkins Investment Management Has Cut Procter & Gamble Co/The (PG) Position By $1.44 Million; Pharmerica (PMC) Shorts Lowered By 3.51%

June 20, 2017 - By Kurt Siggers

Perkins Investment Management Llc decreased Procter & Gamble Co/The (PG) stake by 2.72% reported in 2016Q4 SEC filing. Perkins Investment Management Llc sold 17,086 shares as Procter & Gamble Co/The (PG)’s stock declined 5.32%. The Perkins Investment Management Llc holds 611,624 shares with $51.43M value, down from 628,710 last quarter. Procter & Gamble Co/The now has $230.19B valuation. The stock declined 0.07% or $0.06 reaching $89.8 per share. About 3.63 million shares traded. Procter & Gamble Co (NYSE:PG) has risen 7.54% since June 20, 2016 and is uptrending. It has underperformed by 9.16% the S&P500.

Pharmerica Corporation (NYSE:PMC) had a decrease of 3.51% in short interest. PMC’s SI was 715,300 shares in June as released by FINRA. Its down 3.51% from 741,300 shares previously. With 212,700 avg volume, 3 days are for Pharmerica Corporation (NYSE:PMC)’s short sellers to cover PMC’s short positions. The SI to Pharmerica Corporation’s float is 2.47%. About 88,575 shares traded. PharMerica Corporation (NYSE:PMC) has declined 3.31% since June 20, 2016 and is downtrending. It has underperformed by 20.01% the S&P500.

Investors sentiment decreased to 0.96 in Q4 2016. Its down 0.01, from 0.97 in 2016Q3. It is negative, as 19 investors sold PharMerica Corporation shares while 51 reduced holdings. 17 funds opened positions while 50 raised stakes. 27.89 million shares or 2.74% less from 28.68 million shares in 2016Q3 were reported. Citigroup accumulated 62,380 shares. Minnesota-based Us Bancorp De has invested 0% in PharMerica Corporation (NYSE:PMC). Manufacturers Life Company The has invested 0% in PharMerica Corporation (NYSE:PMC). New York-based Bnp Paribas Arbitrage Sa has invested 0% in PharMerica Corporation (NYSE:PMC). Riverhead Management Lc has 0% invested in PharMerica Corporation (NYSE:PMC). Blackrock Fund Advsrs holds 2.67M shares or 0.01% of its portfolio. Tower Rech Limited Liability Co (Trc) accumulated 1,032 shares. Employees Retirement Association Of Colorado has 9,389 shares for 0% of their portfolio. Moreover, Capstone Asset Mngmt has 0.01% invested in PharMerica Corporation (NYSE:PMC). Swiss Commercial Bank accumulated 49,800 shares. Balyasny Asset Mngmt Ltd Liability has invested 0.01% in PharMerica Corporation (NYSE:PMC). South Dakota Invest Council invested in 132,200 shares. Cornercap Inv Counsel reported 54,670 shares. 12,400 are owned by Louisiana State Employees Retirement. Staley Advisers Inc accumulated 0.05% or 19,586 shares.

Among 3 analysts covering Pharmerica (NYSE:PMC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Pharmerica had 6 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Tuesday, June 7. The stock has “Outperform” rating by Barrington Research on Tuesday, May 10. UBS upgraded PharMerica Corporation (NYSE:PMC) rating on Monday, August 10. UBS has “Neutral” rating and $40 target. The firm has “Outperform” rating given on Monday, August 10 by Barrington Research. As per Monday, March 14, the company rating was downgraded by UBS. Zacks downgraded the stock to “Hold” rating in Monday, August 17 report.

PharMerica Corporation is an institutional pharmacy services company. The company has market cap of $792.97 million. The Firm services healthcare facilities, provides pharmacy management services to hospitals and specialty infusion services to patients outside a hospital setting, and offers the national oncology pharmacy in the United States. It has a 37.57 P/E ratio.

Analysts await Procter & Gamble Co (NYSE:PG) to report earnings on August, 1. They expect $0.79 EPS, 0.00% or $0.00 from last year’s $0.79 per share. PG’s profit will be $2.03 billion for 28.42 P/E if the $0.79 EPS becomes a reality. After $0.96 actual EPS reported by Procter & Gamble Co for the previous quarter, Wall Street now forecasts -17.71% negative EPS growth.

Among 22 analysts covering Proctor & Gamble (NYSE:PG), 10 have Buy rating, 1 Sell and 11 Hold. Therefore 45% are positive. Proctor & Gamble had 48 analyst reports since August 4, 2015 according to SRatingsIntel. B. Riley & Co maintained the stock with “Neutral” rating in Wednesday, March 30 report. The stock of Procter & Gamble Co (NYSE:PG) earned “Sell” rating by Goldman Sachs on Monday, January 9. Argus Research upgraded Procter & Gamble Co (NYSE:PG) on Wednesday, October 12 to “Buy” rating. CLSA upgraded it to “Outperform” rating and $95 target in Wednesday, October 26 report. The rating was maintained by B. Riley & Co on Monday, October 26 with “Neutral”. The rating was initiated by Jefferies with “Buy” on Wednesday, June 15. UBS maintained it with “Neutral” rating and $84 target in Wednesday, January 27 report. The rating was downgraded by TheStreet on Tuesday, August 4 to “Hold”. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, October 27. The rating was upgraded by UBS on Thursday, July 14 to “Buy”.

Investors sentiment decreased to 0.85 in Q4 2016. Its down 0.03, from 0.88 in 2016Q3. It dived, as 89 investors sold PG shares while 777 reduced holdings. 122 funds opened positions while 614 raised stakes. 1.48 billion shares or 15.87% less from 1.76 billion shares in 2016Q3 were reported. Sky Invest Group Inc Ltd Llc owns 72,398 shares or 2.82% of their US portfolio. Fic Capital Inc accumulated 13,802 shares. Culbertson A N holds 2.26% or 78,870 shares. Peddock Advsrs Ltd Liability Com stated it has 0.88% in Procter & Gamble Co (NYSE:PG). Stearns Fin Svcs Grp invested 0.65% in Procter & Gamble Co (NYSE:PG). Proshare Advsr Ltd Limited Liability Company invested in 0.94% or 1.00M shares. Stack Financial Mngmt accumulated 97,882 shares. Laffer Invs reported 0% of its portfolio in Procter & Gamble Co (NYSE:PG). Cubic Asset Mngmt Limited Liability Corporation holds 0.31% or 11,895 shares. Moreover, Everence Capital Mgmt Incorporated has 1.42% invested in Procter & Gamble Co (NYSE:PG) for 58,719 shares. King Wealth Management Grp Ltd Com reported 12,423 shares. Duncker Streett & Communication Inc, a Missouri-based fund reported 53,230 shares. Commonwealth Equity Service reported 1.26M shares. Provident Mngmt Inc stated it has 31,232 shares or 0.51% of all its holdings. Cliftonlarsonallen Wealth Advisors Llc has invested 0.19% in Procter & Gamble Co (NYSE:PG).

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