As Procter And Gamble Co (Call) (PG) Stock Value Declined, Tremblant Capital Group Increased Stake by $548.87 Million

January 22, 2018 - By Maria Brooks

Investors sentiment decreased to 0.82 in Q3 2017. Its down 0.12, from 0.94 in 2017Q2. It fall, 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. Sterling Inv Management invested in 2,608 shares or 0.32% of the stock. Ami Inv Management owns 2.6% invested in The Procter & Gamble Company (NYSE:PG) for 45,763 shares. Provident Trust Co holds 0.05% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 11,210 shares. Btim stated it has 0.66% of its portfolio in The Procter & Gamble Company (NYSE:PG). Prudential Public Limited accumulated 0.25% or 880,243 shares. Moreover, Lafleur Godfrey Limited Liability Company has 0.9% invested in The Procter & Gamble Company (NYSE:PG). Fort Washington Investment Advsrs Incorporated Oh stated it has 1.04M shares. Skba Cap Mgmt Ltd holds 1.51% in The Procter & Gamble Company (NYSE:PG) or 115,720 shares. Pekin Singer Strauss Asset Mgmt Il reported 14,236 shares. South Texas Money Mgmt Ltd stated it has 0.1% in The Procter & Gamble Company (NYSE:PG). Brighton Jones Ltd Liability Com, a Washington-based fund reported 8,635 shares. Richard Bernstein Advisors Llc owns 41,101 shares for 0.26% of their portfolio. 83,257 were reported by Millennium Mgmt Llc. Summit Financial Strategies accumulated 11,070 shares. Hanson Doremus Invest reported 18,004 shares or 0.57% of all its holdings.

Since August 15, 2017, it had 0 insider purchases, and 19 sales for $6.75 million activity. Pritchard Marc S. had sold 3,684 shares worth $339,077. 2,893 shares were sold by Skoufalos Ioannis, worth $266,273 on Tuesday, August 15. 1,675 shares valued at $154,168 were sold by Coombe Gary A on Tuesday, August 15. $154,168 worth of The Procter & Gamble Company (NYSE:PG) was sold by Keith R. Alexandra. Another trade for 3,490 shares valued at $321,221 was sold by FergusonMchugh MaryLynn. $422,374 worth of The Procter & Gamble Company (NYSE:PG) shares were sold by Giovanni Ciserani.

Brett Barakett increased its stake in Procter And Gamble Co (Call) (PG) by 2966.2% based on its latest 2017Q3 regulatory filing with the SEC. Tremblant Capital Group bought 6.10 million shares as the company’s stock declined 5.32% while stock markets rallied. The hedge fund run by Brett Barakett held 6.30 million shares of the package goods and cosmetics company at the end of 2017Q3, valued at $573.55M, up from 205,600 at the end of the previous reported quarter. Tremblant Capital Group who had been investing in Procter And Gamble Co (Call) for a number of months, seems to be bullish on the $231.04B market cap company. The stock increased 0.99% or $0.89 during the last trading session, reaching $91.07. About 9.36M shares traded or 40.57% up from the average. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since January 22, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Tremblant Capital Group, which manages about $3.75B and $2.26B US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 21,012 shares to 365,091 shares, valued at $63.06 million in 2017Q3, according to the filing. It also reduced its holding in Costco Whsl Corp New (Put) (NASDAQ:COST) by 36,700 shares in the quarter, leaving it with 50,700 shares, and cut its stake in Viacom Inc New (Call) (NASDAQ:VIAB).

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: Fool.com which released: “Why 2017 Was a Year to Forget for Procter & Gamble Company” on January 01, 2018, also Fool.com with their article: “Better Stock: Procter & Gamble Co (PG) vs. Unilever NV (UN)” published on January 21, 2018, Fool.com published: “Better Buy: Procter & Gamble Company vs. Philip Morris International” on January 03, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: Dividend.com and their article: “Procter & Gamble Co Leads 30 Stocks Going Ex-Dividend This Week” published on January 15, 2018 as well as Cincinnati.com‘s news article titled: “Procter & Gamble earnings: Will there be a Nelson Peltz effect?” with publication date: January 21, 2018.

The Procter & Gamble Company (NYSE:PG) Ratings Coverage

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Proctor & Gamble has $106 highest and $61.0 lowest target. $92.39’s average target is 1.45% above currents $91.07 stock price. Proctor & Gamble had 74 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, July 27 report. The firm has “Buy” rating given on Tuesday, September 8 by Suntrust Robinson. The firm earned “Buy” rating on Wednesday, October 26 by B. Riley & Co. The stock has “Sell” rating by Pritchard Capital on Wednesday, August 19. On Tuesday, January 19 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The stock has “Hold” rating by SunTrust on Thursday, October 5. Goldman Sachs upgraded The Procter & Gamble Company (NYSE:PG) rating on Tuesday, January 16. Goldman Sachs has “Hold” rating and $88.0 target. The stock has “Buy” rating by Goldman Sachs on Wednesday, January 27. The stock of The Procter & Gamble Company (NYSE:PG) earned “Buy” rating by Jefferies on Tuesday, October 3. The firm earned “Hold” rating on Friday, October 6 by RBC Capital Markets.

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