Procter & Gamble Co (PG) Share Price Declined While Truepoint Has Lowered Its Stake by $865,440; Friess Associates Has Cut Its Position in Prestige Brands Holdings (PBH) by $9.93 Million as Stock Value Declined

February 18, 2018 - By Kurt Siggers

Truepoint Inc decreased its stake in Procter & Gamble Co (PG) by 3.15% based on its latest 2017Q3 regulatory filing with the SEC. Truepoint Inc sold 9,616 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 295,556 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $26.89M, down from 305,172 at the end of the previous reported quarter. Truepoint Inc who had been investing in Procter & Gamble Co for a number of months, seems to be less bullish one the $208.24 billion market cap company. The stock increased 0.23% or $0.19 during the last trading session, reaching $82.6. About 10.37M shares traded or 21.77% up from the average. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since February 18, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Friess Associates Llc decreased its stake in Prestige Brands Holdings Inc. (PBH) by 68.46% based on its latest 2017Q3 regulatory filing with the SEC. Friess Associates Llc sold 198,532 shares as the company’s stock declined 12.04% while stock markets rallied. The institutional investor held 91,468 shares of the health care company at the end of 2017Q3, valued at $4.58 million, down from 290,000 at the end of the previous reported quarter. Friess Associates Llc who had been investing in Prestige Brands Holdings Inc. for a number of months, seems to be less bullish one the $1.87 billion market cap company. The stock increased 1.12% or $0.39 during the last trading session, reaching $35.21. About 601,769 shares traded. Prestige Brands Holdings, Inc. (NYSE:PBH) has declined 8.57% since February 18, 2017 and is downtrending. It has underperformed by 25.27% the S&P500.




Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Proctor & Gamble had 77 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, September 19 by Bank of America. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, October 24 report. RBC Capital Markets maintained the shares of PG in report on Friday, October 6 with “Hold” rating. The firm has “Buy” rating by SunTrust given on Tuesday, September 8. The stock of The Procter & Gamble Company (NYSE:PG) earned “Buy” rating by Citigroup on Thursday, August 4. The rating was maintained by RBC Capital Markets on Tuesday, October 27 with “Sector Perform”. The rating was downgraded by Credit Suisse on Thursday, July 30 to “Outperform”. The firm has “Buy” rating by Jefferies given on Monday, December 18. RBC Capital Markets maintained the shares of PG in report on Tuesday, August 1 with “Hold” rating. B. Riley & Co upgraded the shares of PG in report on Monday, August 15 to “Buy” rating.

Investors sentiment decreased to 0.82 in Q3 2017. Its down 0.12, from 0.94 in 2017Q2. It is negative, as 51 investors sold PG shares while 765 reduced holdings. 110 funds opened positions while 558 raised stakes. 1.50 billion shares or 1.10% more from 1.48 billion shares in 2017Q2 were reported. Tiedemann Wealth Mngmt Ltd holds 51,792 shares. Sand Hill Global Advisors Ltd has invested 0.61% in The Procter & Gamble Company (NYSE:PG). Villere St Denis J & Ltd Llc owns 3,129 shares or 0.02% of their US portfolio. 22,954 are owned by San Francisco Sentry Invest Group Inc (Ca). Texan Management stated it has 25,717 shares. Blue Chip Prtnrs holds 2.16% or 73,788 shares. Gulf Interest National Bank (Uk) Ltd accumulated 0.99% or 810,091 shares. The Kansas-based Mariner Wealth Advisors Limited Company has invested 2.12% in The Procter & Gamble Company (NYSE:PG). Mckinley Carter Wealth Svcs stated it has 0.75% of its portfolio in The Procter & Gamble Company (NYSE:PG). Proshare Advsr Ltd Limited Liability Company owns 0.87% invested in The Procter & Gamble Company (NYSE:PG) for 1.04M shares. Cibc World Mkts reported 0.17% stake. Jpmorgan Chase And accumulated 0.2% or 9.94M shares. Personal stated it has 0.63% of its portfolio in The Procter & Gamble Company (NYSE:PG). Godsey & Gibb holds 2.4% or 154,288 shares in its portfolio. Avalon Limited Liability Co stated it has 708,197 shares or 2.05% of all its holdings.

Truepoint Inc, which manages about $1.62B and $1.02B US Long portfolio, upped its stake in Vanguard Index Fds (VO) by 7,269 shares to 10,421 shares, valued at $1.53M in 2017Q3, according to the filing. It also increased its holding in Berkshire Hathaway Inc Del (BRKB) by 1,960 shares in the quarter, for a total of 3,378 shares, and has risen its stake in Vanguard Index Fds (VNQ).

Since August 15, 2017, it had 0 insider purchases, and 2 insider sales for $1.29 million activity. FergusonMchugh MaryLynn sold $321,221 worth of The Procter & Gamble Company (NYSE:PG) on Tuesday, August 15. Another trade for 2,170 shares valued at $199,728 was made by Schomburger Jeffrey K on Tuesday, August 15. Majoras Deborah P sold $401,642 worth of The Procter & Gamble Company (NYSE:PG) on Saturday, September 30. Fish Kathleen B sold 1,572 shares worth $144,688. Matthew Price sold $115,695 worth of stock. Shares for $558,042 were sold by Moeller Jon R.

Among 10 analysts covering Prestige Brands Holdings (NYSE:PBH), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Prestige Brands Holdings had 24 analyst reports since August 11, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained it with “Buy” rating and $61.0 target in Monday, October 16 report. Jefferies reinitiated Prestige Brands Holdings, Inc. (NYSE:PBH) rating on Friday, June 2. Jefferies has “Hold” rating and $54 target. Gabelli initiated the stock with “Buy” rating in Thursday, November 17 report. As per Friday, August 12, the company rating was upgraded by Sidoti. The firm has “Outperform” rating given on Monday, May 22 by Raymond James. The stock of Prestige Brands Holdings, Inc. (NYSE:PBH) earned “Neutral” rating by DA Davidson on Monday, February 5. The stock has “Hold” rating by Zacks on Tuesday, August 11. William Blair upgraded the shares of PBH in report on Monday, December 4 to “Outperform” rating. Jefferies maintained Prestige Brands Holdings, Inc. (NYSE:PBH) rating on Friday, February 2. Jefferies has “Hold” rating and $43.0 target. DA Davidson maintained the shares of PBH in report on Thursday, October 12 with “Buy” rating.

Friess Associates Llc, which manages about $1.34B and $1.14B US Long portfolio, upped its stake in Cigna Corp. (NYSE:CI) by 19,000 shares to 99,324 shares, valued at $18.57 million in 2017Q3, according to the filing. It also increased its holding in Delta Air Lines Inc. (NYSE:DAL) by 12,500 shares in the quarter, for a total of 292,500 shares, and has risen its stake in Bio (NASDAQ:TECH).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts