How SoftBank’s massive Vision Fund shares profits — and losses

LONDON • Partners at SoftBank Group Corp’s US$100 billion (RM410 billion) Vision Fund will share the potentially enormous profits from their …

By BLOOMBERG

LONDON • Partners at SoftBank Group Corp’s US$100 billion (RM410 billion) Vision Fund will share the potentially enormous profits from their investments, including on start-ups like Uber Technologies Inc. They’ll also be on the hook when those bets backfire.

SoftBank has set up an unusual compensation structure for the fund that includes a US$5 billion loan to employees. The debt is swapped for equity in the fund and will generate profit when deals make money — and losses when they don’t, scaled by seniority, according to people with knowledge of the situation.

The compensation scheme is more extreme than the typical venture capital or private equity fund because of the downside risk, as well as the record size of the investment pool. Vision Fund employees, including high-profile bankers and investors, receive base salaries and bonuses, but only get payouts when profits are booked.

“It aligns interest,” said Chris Lane, an analyst at Sanford C Bernstein & Co, who discussed the matter with officials at SoftBank.

“Effectively, they are an equity owner, like everybody else, and not in a privileged position above everyone else. I think it’s fair.”

Clawback Provision

Investors in private equity funds often push for what’s known as a clawback provision, which allows them to reclaim part of the profits taken by managers if initial gains are later wiped out. Such terms are especially sought after in funds that invest in risky assets or cyclical industries characterised by wild price swings.

At Vision Fund, partners will face a clawback of 20% and above, depending on seniority, the people said. More junior staff will be liable for about 7% of any losses out of their US$5 billion pot, including interest.

SoftBank’s billionaire founder, Masayoshi Son (picture), has been allocated the majority of the bonus pool, they said. Son has a net worth of US$13 billion, making him Japan’s third-richest person, according to an estimate by the Bloomberg Billionaires Index. A representative of the Vision Fund declined to comment because the matter is private.

Pay at the Vision Fund has been the subject of speculation ever since Son originally announced the effort in October 2016. It’s the largest investment fund in history, amplifying the potential rewards and losses. And as with most things related to SoftBank’s giant technology fund, it’s not straightforward.

The US$5 billion equity allocation to the fund’s staff is split up into tranches with various conditions attached, and payouts can vary widely depending on performance.

‘Skin in the Game’

“It’s encouraging if people are trying to make the idea of having skin in the game meaningful,” said Stefan Stern, the former head of the High Pay Centre and now a visiting professor at Cass Business School. “But you would want to be certain that the downside risk is real.”

The average venture capital fund tends to pay out 20% of any profit to workers. While many funds require managing partners to put up some of their own money, it’s usually a small portion of the total. That limits their losses.

Vision Fund is headed by Rajeev Misra, formerly of Deutsche Bank AG and UBS Group AG. Managing partners include another Deutsche Bank veteran, Saleh Romeih, Goldman Sachs Group Inc alum Michael Ronen, and Deep Nishar, who worked at Google LLC and LinkedIn Corp.

Misra’s team has backed about 67 companies so far, including Uber, Didi Chuxing and WeWork Cos. Son has said he plans to raise a new US$100 billion fund every two or three years and will invest about US$50 billion a year.

“It’s possible that hungry dogs hunt best,” said Bill Aulet, a professor at the MIT Sloan School of Management who tracks the industry. “But creating a structure that forces venture capitals to put more skin in the game might narrow the talent pool to the wealthy few who can afford it.”

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AQR Capital Management LLC Sells 19511 Shares of Thomson Reuters Corp (NYSE:TRI)

Bridgewater Associates LP raised its stake in shares of Thomson Reuters by 16.6% during the 3rd quarter. Bridgewater Associates LP now owns …

Thomson Reuters logoAQR Capital Management LLC trimmed its stake in shares of Thomson Reuters Corp (NYSE:TRI) (TSE:TRI) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,285 shares of the business services provider’s stock after selling 19,511 shares during the quarter. AQR Capital Management LLC owned 0.08% of Thomson Reuters worth $20,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRI. Deutsche Bank AG raised its stake in Thomson Reuters by 13.8% during the 3rd quarter. Deutsche Bank AG now owns 683,260 shares of the business services provider’s stock valued at $31,207,000 after acquiring an additional 82,605 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Thomson Reuters during the 3rd quarter worth approximately $190,000. Bridgewater Associates LP raised its stake in shares of Thomson Reuters by 16.6% during the 3rd quarter. Bridgewater Associates LP now owns 124,094 shares of the business services provider’s stock worth $5,658,000 after buying an additional 17,693 shares in the last quarter. Northern Trust Corp raised its stake in shares of Thomson Reuters by 4.8% during the 2nd quarter. Northern Trust Corp now owns 516,102 shares of the business services provider’s stock worth $20,809,000 after buying an additional 23,457 shares in the last quarter. Finally, Stevens Capital Management LP raised its stake in shares of Thomson Reuters by 209.3% during the 3rd quarter. Stevens Capital Management LP now owns 75,764 shares of the business services provider’s stock worth $3,461,000 after buying an additional 51,267 shares in the last quarter. 33.41% of the stock is owned by hedge funds and other institutional investors.

NYSE:TRI traded up $0.42 during mid-day trading on Monday, hitting $50.89. The company had a trading volume of 536,765 shares, compared to its average volume of 603,041. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 2.45. Thomson Reuters Corp has a 1 year low of $40.25 and a 1 year high of $54.15. The firm has a market capitalization of $25.70 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 4.47 and a beta of 0.54.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. Thomson Reuters had a return on equity of 6.10% and a net margin of 16.21%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company posted $0.27 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Thomson Reuters Corp will post 0.64 EPS for the current year.

A number of equities research analysts recently weighed in on the company. Bank of America restated a “neutral” rating and issued a $48.00 price target on shares of Thomson Reuters in a report on Wednesday, October 10th. Morgan Stanley set a $51.00 price target on Thomson Reuters and gave the stock a “buy” rating in a report on Monday, October 15th. Zacks Investment Research upgraded Thomson Reuters from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Wednesday, October 17th. Goldman Sachs Group assumed coverage on Thomson Reuters in a report on Thursday, October 18th. They issued a “neutral” rating on the stock. Finally, TD Securities restated a “buy” rating and issued a $69.00 price target on shares of Thomson Reuters in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Thomson Reuters has an average rating of “Hold” and an average target price of $52.91.

WARNING: “AQR Capital Management LLC Sells 19,511 Shares of Thomson Reuters Corp (NYSE:TRI)” was originally reported by Modern Readers and is the sole property of of Modern Readers. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.modernreaders.com/news/2019/01/21/aqr-capital-management-llc-reduces-position-in-thomson-reuters-corp-tri.html.

About Thomson Reuters

Thomson Reuters Corporation provides news and information for professional markets worldwide. The company operates through three segments: Financial & Risk, Legal, and Tax & Accounting. It sells electronic content and services to professionals primarily on a subscription basis. The Financial & Risk segment offers critical news, information, and analytics enabling transactions and connecting communities of trading, investment, financial, and corporate professionals.

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Institutional Ownership by Quarter for Thomson Reuters (NYSE:TRI)

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How Analysts Feel About Duke Energy Corporation (holding Company (NYSE:DUK) After …

Investors sentiment decreased to 0.91 in Q3 2018. Its down 0.04, from 0.95 in 2018Q2. It worsened, as 46 investors sold Duke Energy Corporation …

Duke Energy Corporation (NYSE:DUK) Logo

Investors sentiment decreased to 0.91 in Q3 2018. Its down 0.04, from 0.95 in 2018Q2. It worsened, as 46 investors sold Duke Energy Corporation shares while 386 reduced holdings. 79 funds opened positions while 312 raised stakes. 408.54 million shares or 94.96% less from 8.11 billion shares in 2018Q2 were reported.

Segall Bryant & Hamill Ltd Liability Corp has invested 0.02% in Duke Energy Corporation (NYSE:DUK). Walter & Keenan Fincl Consulting Company Mi Adv holds 0.07% in Duke Energy Corporation (NYSE:DUK) or 3,058 shares. D E Shaw has invested 0% in Duke Energy Corporation (NYSE:DUK). Live Your Vision Ltd Liability accumulated 283 shares. Buckingham Asset Mgmt Ltd Limited Liability Company accumulated 0.08% or 6,492 shares. Dnb Asset Mngmt As, Norway-based fund reported 29,900 shares. 45,687 were reported by Asset Mgmt. Assetmark Inc owns 5,456 shares. Swiss Savings Bank holds 0.27% or 3.00M shares in its portfolio. Pictet Asset Mngmt Ltd owns 0.3% invested in Duke Energy Corporation (NYSE:DUK) for 1.75 million shares. Cypress Grp, Florida-based fund reported 7,509 shares. Brookfield Asset reported 134,600 shares. Jarislowsky Fraser Ltd holds 162,339 shares. Tower Bridge Advisors owns 4,072 shares for 0% of their portfolio. Old Republic International holds 1.57% of its portfolio in Duke Energy Corporation (NYSE:DUK) for 674,131 shares.

The stock of Duke Energy Corporation (holding Company (NYSE:DUK) registered a decrease of 0.32% in short interest. DUK’s total short interest was 16.23M shares in January as published by FINRA. Its down 0.32% from 16.28M shares, reported previously. With 4.05 million shares average volume, it will take short sellers 4 days to cover their DUK’s short positions.

The stock decreased 0.05% or $0.04 during the last trading session, reaching $85.6. About 2.84M shares traded. Duke Energy Corporation (NYSE:DUK) has risen 2.97% since January 21, 2018 and is uptrending. It has outperformed by 2.97% the S&P500.

Duke Energy Corporation, together with its subsidiaries, operates as an energy firm in the United States. The company has market cap of $61.02 billion. It operates through three divisions: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. It has a 20.85 P/E ratio. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

Duke Energy Corporation (NYSE:DUK) Ratings Coverage

Among 6 analysts covering Duke Energy (NYSE:DUK), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Duke Energy had 8 analyst reports since July 23, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Wednesday, January 9. Barclays Capital maintained it with “Equal-Weight” rating and $88 target in Monday, November 19 report. The stock of Duke Energy Corporation (NYSE:DUK) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, September 11. The rating was maintained by Howard Weil with “Sector Outperform” on Tuesday, July 24. As per Monday, September 17, the company rating was maintained by Wells Fargo. The company was maintained on Monday, November 5 by Wells Fargo. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, September 21 report. The company was upgraded on Monday, July 23 by JP Morgan.

More notable recent Duke Energy Corporation (NYSE:DUK) news were published by: Fool.com which released: “Forget Duke Energy Corporation — Brookfield Infrastructure Partners Is a Better Dividend Growth Stock – The Motley Fool” on December 30, 2018, also Bizjournals.com with their article: “Many Charlotte-area companies see stock market rebound after worst Christmas Eve in US history – Charlotte Business Journal” published on December 26, 2018, Bizjournals.com published: “State holding open house tonight to present options for closing coal-ash pond at local Duke Energy plant – Charlotte Business Journal” on January 17, 2019. More interesting news about Duke Energy Corporation (NYSE:DUK) were released by: Benzinga.com and their article: “Duke Energy Corporation (NYSE:DUK), (WKHS) – Workhorse CEO Updates Company’s Progress, SureFly Timeline – Benzinga” published on January 15, 2019 as well as Seekingalpha.com‘s news article titled: “Dominion’s Atlantic Coast nat gas pipeline gets Virginia compressor permit – Seeking Alpha” with publication date: January 08, 2019.

Duke Energy Corporation (NYSE:DUK) Institutional Positions Chart

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Quentec Asset Management LLC Holding in Finisar Corp (FNSR) Lowered as Stock Value Rose

Moreover, Wells Fargo & Company Mn has 0% invested in Finisar Corporation (NASDAQ:FNSR). Quantbot Technologies LP reported 0.07% of its …

Finisar Corporation (NASDAQ:FNSR) LogoInvestors sentiment decreased to 1.06 in Q3 2018. Its down 0.11, from 1.17 in 2018Q2. It worsened, as 25 investors sold FNSR shares while 57 reduced holdings. 22 funds opened positions while 65 raised stakes. 110.77 million shares or 4.19% less from 115.62 million shares in 2018Q2 were reported. Voya Investment Mngmt Ltd Liability Corp invested in 1.85M shares or 0.07% of the stock. Cubic Asset Limited Liability reported 118,130 shares. Moreover, Wells Fargo & Company Mn has 0% invested in Finisar Corporation (NASDAQ:FNSR). Quantbot Technologies LP reported 0.07% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Northern stated it has 2.89M shares. Texas Permanent School Fund holds 0.02% in Finisar Corporation (NASDAQ:FNSR) or 73,750 shares. Alaska-based State Of Alaska Department Of Revenue has invested 0.01% in Finisar Corporation (NASDAQ:FNSR). Ubs Asset Management Americas Inc has invested 0% in Finisar Corporation (NASDAQ:FNSR). Fmr Ltd Liability invested in 3.61 million shares. Intl Gru Inc owns 92,146 shares or 0.01% of their US portfolio. Guggenheim Capital Lc has 456,542 shares for 0.06% of their portfolio. Shelton Capital Management invested in 11,402 shares or 0.01% of the stock. Tcw Gp Incorporated holds 37,774 shares or 0.01% of its portfolio. Tower Research Cap Limited Liability Company (Trc) reported 1,779 shares. Raymond James & reported 59,254 shares stake.

Since September 4, 2018, it had 0 buys, and 5 selling transactions for $2.12 million activity. Eng Julie Sheridan had sold 1,489 shares worth $32,367. FERGUSON ROGER C had sold 3,000 shares worth $55,308.

Quentec Asset Management Llc decreased its stake in Finisar Corp (FNSR) by 43.81% based on its latest 2018Q3 regulatory filing with the SEC. Quentec Asset Management Llc sold 842,339 shares as the company’s stock rose 11.44% while stock markets declined. The hedge fund held 1.08M shares of the semiconductors company at the end of 2018Q3, valued at $23.96 million, down from 1.92 million at the end of the previous reported quarter. Quentec Asset Management Llc who had been investing in Finisar Corp for a number of months, seems to be less bullish one the $2.55B market cap company. The stock increased 0.28% or $0.06 during the last trading session, reaching $21.72. About 3.45 million shares traded or 14.55% up from the average. Finisar Corporation (NASDAQ:FNSR) has risen 24.10% since January 21, 2018 and is uptrending. It has outperformed by 24.10% the S&P500.

Quentec Asset Management Llc, which manages about $578.63M and $997.84M US Long portfolio, upped its stake in Viavi Solutions Inc by 2.80 million shares to 3.17 million shares, valued at $29.97 million in 2018Q3, according to the filing. It also increased its holding in Viavi Solutions Inc (Call) by 1.54 million shares in the quarter, for a total of 1.91 million shares, and has risen its stake in 8Point3 Energy Partners Lp.

Analysts await Finisar Corporation (NASDAQ:FNSR) to report earnings on March, 14. They expect $0.16 earnings per share, up 700.00 % or $0.14 from last year’s $0.02 per share. FNSR’s profit will be $18.78 million for 33.94 P/E if the $0.16 EPS becomes a reality. After $0.16 actual earnings per share reported by Finisar Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent Finisar Corporation (NASDAQ:FNSR) news were published by: Globenewswire.com which released: “Finisar Announces First Quarter of Fiscal 2019 Financial Results – GlobeNewswire” on September 06, 2018, also Seekingalpha.com with their article: “Finisar +6.1% on Morgan Stanley upgrade – Seeking Alpha” published on April 05, 2018, Nasdaq.com published: “Finisar to Gain From Product Expansion Strategy, Risks Stay – Nasdaq” on December 27, 2018. More interesting news about Finisar Corporation (NASDAQ:FNSR) were released by: Globenewswire.com and their article: “Bragar Eagel & Squire, PC Reminds Investors that it is Investigating the Boards of Directors of ConvergeOne, Owens Realty, Finisar, and Resolute Energy on Behalf of Stockholders and Encourages Investors to Contact the Firm – GlobeNewswire” published on December 28, 2018 as well as Seekingalpha.com‘s news article titled: “Finisar disappoints, but guides to Q1 rebound – Seeking Alpha” with publication date: June 14, 2018.

Finisar Corporation (NASDAQ:FNSR) Ratings Coverage

Among 7 analysts covering Finisar (NASDAQ:FNSR), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Finisar had 8 analyst reports since August 22, 2018 according to SRatingsIntel. Morgan Stanley downgraded the shares of FNSR in report on Thursday, September 13 to “Equal-Weight” rating. The firm earned “Market Perform” rating on Wednesday, August 22 by Raymond James. On Tuesday, December 4 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. PiperJaffray upgraded the shares of FNSR in report on Thursday, August 23 to “Overweight” rating. Goldman Sachs upgraded Finisar Corporation (NASDAQ:FNSR) on Monday, November 12 to “Neutral” rating. M Partners downgraded it to “Neutral” rating and $24 target in Thursday, December 6 report. FBR Capital maintained the stock with “Neutral” rating in Tuesday, September 4 report. On Thursday, December 6 the stock rating was downgraded by Jefferies to “Hold”.

Finisar Corporation (NASDAQ:FNSR) Institutional Positions Chart

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Procter & Gamble (PG) Shareholder Baxter Bros Has Trimmed Holding by $496008 as Market …

… 18/05/2018 – TAIWAN CENTRAL BANK NAMES FOUR LOCAL BANKS TO TAKE OVER THE BUSINESS AFTER UOB’S EXIT; 30/03/2018 – NXTID …

The Procter & Gamble Company (NYSE:PG) Logo

Causeway Capital Management Llc increased its stake in Bank Amer Corp (BAC) by 7.04% based on its latest 2018Q3 regulatory filing with the SEC. Causeway Capital Management Llc bought 504,727 shares as the company’s stock declined 19.66% with the market. The institutional investor held 7.67 million shares of the major banks company at the end of 2018Q3, valued at $226.06M, up from 7.17M at the end of the previous reported quarter. Causeway Capital Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $287.56B market cap company. The stock increased 1.07% or $0.31 during the last trading session, reaching $29.3. About 95.28 million shares traded or 25.55% up from the average. Bank of America Corporation (NYSE:BAC) has declined 13.97% since January 21, 2018 and is downtrending. It has underperformed by 13.97% the S&P500. Some Historical BAC News: 02/05/2018 – BioMarin Presenting at Bank of America Conference May 15; 04/05/2018 – BAML Global Monetary Policy Forecasts as of May 4 (Table); 10/05/2018 – Alcoa Presenting at Bank of America Conference May 15; 18/05/2018 – TAIWAN CENTRAL BANK NAMES FOUR LOCAL BANKS TO TAKE OVER THE BUSINESS AFTER UOB’S EXIT; 30/03/2018 – NXT-ID Inc. to File Year-end Earnings, Schedule Investor Webcast to Discuss 2017 Results; 12/03/2018 – Funko Announces Participation in the Bank of America Merrill Lynch 2018 Consumer & Retail Technology Conference; 03/05/2018 – ResMed Presenting at Bank of America Conference May 16; 29/03/2018 – Japan regulator warns Deutsche, Bank of America over bond-price fixing; 10/05/2018 – Arena Pharma Presenting at Bank of America Conference May 17; 13/03/2018 – eFinancialCareer: Bank of America lost two of its most senior equity derivatives traders

Baxter Bros Inc decreased its stake in Procter & Gamble (PG) by 8.74% based on its latest 2018Q3 regulatory filing with the SEC. Baxter Bros Inc sold 5,976 shares as the company’s stock rose 12.93% while stock markets declined. The institutional investor held 62,394 shares of the package goods and cosmetics company at the end of 2018Q3, valued at $5.19M, down from 68,370 at the end of the previous reported quarter. Baxter Bros Inc who had been investing in Procter & Gamble for a number of months, seems to be less bullish one the $227.77B market cap company. The stock increased 0.86% or $0.78 during the last trading session, reaching $91.42. About 8.95 million shares traded. The Procter & Gamble Company (NYSE:PG) has risen 3.25% since January 21, 2018 and is uptrending. It has outperformed by 3.25% the S&P500. Some Historical PG News: 19/04/2018 – P&G – 2018 GAAP EARNINGS PER SHARE ARE EXPECTED TO DECREASE 31% TO 33% VERSUS FISCAL YEAR 2017 GAAP EPS OF $5.59; 19/04/2018 – Procter & Gamble 3Q Pricing 2% Negative Impac; 19/04/2018 – P&G – FISCAL 2018 SHR ESTIMATE INCLUDES ABOUT $0.14/SHARE OF NON-CORE RESTRUCTURING COSTS & $0.25/SHARE OF NON-CORE CHARGES RELATED TO TAX ACT; 16/03/2018 – Ranir, LLC vs The Procter & Gamble Company | Terminated-Settled | 03/15/2018; 13/03/2018 – Ranir Obtains Rights to P&G Tooth Whitening Strip Patents; 04/04/2018 – STAT Plus: Pharmalittle: Will P&G buy the Pfizer consumer unit? China looks to boost generic production; 27/03/2018 – Zuul Named Winner in the Info Security PG’s 2018 Global Excellence Awards; 13/03/2018 – PROCTER & GAMBLE RESOLVES CREST® WHITESTRIPS PATENT; 19/04/2018 – Procter & Gamble Pledges More Change as Sales Start to Climb; 29/05/2018 – PLUG POWER SAYS CO.’S FUEL CELL POWERED FORKLIFT IN PG ACCIDENT

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: Bizjournals.com which released: “P&G launching liquid-free cleaning products for home and body – Cincinnati Business Courier” on December 31, 2018, also Bizjournals.com with their article: “P&G director to step down – Cincinnati Business Courier” published on December 28, 2018, Seekingalpha.com published: “Procter & Gamble seen running back to triple digits – Seeking Alpha” on January 02, 2019. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: Bizjournals.com and their article: “P&G receives patent for display that could boost sales – Cincinnati Business Courier” published on January 02, 2019 as well as Fool.com‘s news article titled: “Stock Market Power Rankings: Microsoft Throws in the Mobile Towel – The Motley Fool” with publication date: January 20, 2019.

Baxter Bros Inc, which manages about $372.05 million and $416.69M US Long portfolio, upped its stake in At&T by 15,697 shares to 329,227 shares, valued at $11.06 million in 2018Q3, according to the filing. It also increased its holding in Illinois Tool Works Inc (NYSE:ITW) by 3,895 shares in the quarter, for a total of 8,870 shares, and has risen its stake in Bank Of Ny Mellon.

Investors sentiment increased to 0.79 in Q3 2018. Its up 0.01, from 0.78 in 2018Q2. It is positive, as 37 investors sold PG shares while 756 reduced holdings. 139 funds opened positions while 490 raised stakes. 1.41 billion shares or 1.36% less from 1.43 billion shares in 2018Q2 were reported. Heartland Advisors stated it has 0.67% in The Procter & Gamble Company (NYSE:PG). Hollencrest Cap Mgmt owns 0.24% invested in The Procter & Gamble Company (NYSE:PG) for 23,129 shares. Moreover, First Utd Savings Bank Tru has 0.99% invested in The Procter & Gamble Company (NYSE:PG) for 18,915 shares. Corda Investment Mgmt Lc owns 398,120 shares or 3.93% of their US portfolio. Cincinnati has invested 0.16% of its portfolio in The Procter & Gamble Company (NYSE:PG). Wellington Shields Capital Mgmt Ltd Co reported 37,937 shares stake. Envestnet Asset Mgmt invested 0.02% of its portfolio in The Procter & Gamble Company (NYSE:PG). 43,038 are owned by Old Dominion Capital Management. 48,383 were accumulated by Gam Hldgs Ag. New York-based Nippon Life Global Americas has invested 0.78% in The Procter & Gamble Company (NYSE:PG). Baystate Wealth Mngmt Ltd Liability Corp reported 0.12% in The Procter & Gamble Company (NYSE:PG). Smith Moore & stated it has 0.51% in The Procter & Gamble Company (NYSE:PG). Fcg Advsrs Ltd Llc stated it has 3,039 shares. Tru Com Of Toledo Na Oh has invested 1.38% in The Procter & Gamble Company (NYSE:PG). Cim Investment Mangement holds 12,294 shares.

Since August 13, 2018, it had 0 buys, and 58 insider sales for $98.11 million activity. Magesvaran Suranjan had sold 18,444 shares worth $1.71M. 3,410 shares valued at $284,810 were sold by Keith R. Alexandra on Tuesday, August 21. Posada Juan Fernando also sold $2.78M worth of The Procter & Gamble Company (NYSE:PG) shares. $1.83 million worth of The Procter & Gamble Company (NYSE:PG) was sold by TASTAD CAROLYN M on Wednesday, November 28. $9.54M worth of stock was sold by Bishop Steven D on Friday, November 9. The insider Skoufalos Ioannis sold $1.86 million.

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on January, 23 before the open. They expect $1.21 EPS, up 1.68% or $0.02 from last year’s $1.19 per share. PG’s profit will be $3.01B for 18.89 P/E if the $1.21 EPS becomes a reality. After $1.12 actual EPS reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts 8.04% EPS growth.

Among 26 analysts covering Proctor & Gamble (NYSE:PG), 11 have Buy rating, 1 Sell and 14 Hold. Therefore 42% are positive. Proctor & Gamble had 107 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of The Procter & Gamble Company (NYSE:PG) earned “Neutral” rating by UBS on Thursday, July 19. Bank of America maintained The Procter & Gamble Company (NYSE:PG) on Thursday, October 4 with “Neutral” rating. The rating was downgraded by Deutsche Bank on Friday, April 20 to “Hold”. The rating was maintained by Bank of America on Thursday, April 12 with “Buy”. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, October 24. Suntrust Robinson downgraded the stock to “Hold” rating in Thursday, December 22 report. On Tuesday, September 19 the stock rating was maintained by Bank of America with “Buy”. The firm earned “Buy” rating on Monday, December 18 by Jefferies. On Thursday, July 6 the stock rating was maintained by Jefferies with “Buy”. Stifel Nicolaus maintained The Procter & Gamble Company (NYSE:PG) on Monday, September 18 with “Hold” rating.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Benzinga.com which released: “Bank Of America Jumps 5% Following Record Q4 Profit (NYSE:BAC) – Benzinga” on January 16, 2019, also Benzinga.com with their article: “Apple Inc. (NASDAQ:AAPL), Bank of America Corporation (NYSE:BAC) – Market Has A Lot To Digest Amid Brexit News, China Stimulus, Bank Earnings – Benzinga” published on January 16, 2019, Benzinga.com published: “Archer-Daniels-Midland Company (NYSE:ADM), Bank of America Corporation (NYSE:BAC) – Bank Season Hits Roadblock As Morgan Stanley Earnings Appear To Disappoint – Benzinga” on January 17, 2019. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Fool.com and their article: “3 Bank Stocks That Crushed Earnings Last Week – Motley Fool” published on January 21, 2019 as well as Investorplace.com‘s news article titled: “Is Bank of America the Best Bank Stock for 2019? – Investorplace.com” with publication date: December 31, 2018.

Causeway Capital Management Llc, which manages about $27.14 billion and $9.95B US Long portfolio, decreased its stake in Ishares Tr (EEM) by 704,380 shares to 11,420 shares, valued at $490,000 in 2018Q3, according to the filing. It also reduced its holding in Icici Bk Ltd (NYSE:IBN) by 273,246 shares in the quarter, leaving it with 4.86 million shares, and cut its stake in Sk Telecom Ltd (NYSE:SKM).

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

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