Gamble Jones Investment Counsel Has Decreased Its Procter And Gamble Co (PG) Holding by $5.34 Million; Share Value Declined

July 14, 2018 - By Tamara Reed

The Procter & Gamble Company (NYSE:PG) LogoInvestors sentiment decreased to 0.78 in Q1 2018. Its down 0.11, from 0.89 in 2017Q4. It turned negative, as 71 investors sold PG shares while 786 reduced holdings. 112 funds opened positions while 556 raised stakes. 1.51 billion shares or 2.21% more from 1.47 billion shares in 2017Q4 were reported. Destination Wealth Management holds 0% or 69 shares in its portfolio. Timber Creek Mgmt Ltd Llc reported 7,125 shares. 43,324 were accumulated by Sterneck Cap Management Ltd Liability. Wagner Bowman Corporation invested 1.07% in The Procter & Gamble Company (NYSE:PG). Punch And Associates Inv Mngmt holds 0.29% or 41,235 shares in its portfolio. Stellar Cap Mgmt Llc reported 1.59% stake. Rice Hall James Assoc Ltd Com has invested 0.01% of its portfolio in The Procter & Gamble Company (NYSE:PG). Birinyi Associates accumulated 0.2% or 6,259 shares. Moreno Evelyn V stated it has 58,542 shares. Provident Inv Mgmt accumulated 33,732 shares. Gamco Invsts Et Al holds 0.05% in The Procter & Gamble Company (NYSE:PG) or 97,067 shares. Covington Advsrs holds 0.66% or 25,844 shares in its portfolio. Stelac Advisory Services Ltd Liability reported 46,833 shares stake. Payden And Rygel has invested 0% in The Procter & Gamble Company (NYSE:PG). Employees Retirement Sys Of Texas accumulated 463,975 shares.

Since February 15, 2018, it had 0 buys, and 10 selling transactions for $8.44 million activity. $3.07 million worth of The Procter & Gamble Company (NYSE:PG) was sold by Schomburger Jeffrey K. Shares for $410,266 were sold by Moeller Jon R. Posada Juan Fernando sold $739,189 worth of stock or 9,005 shares. 12,034 shares valued at $931,536 were sold by Giovanni Ciserani on Tuesday, May 15. On Wednesday, May 2 the insider Bishop Steven D sold $149,130. On Tuesday, May 15 Skoufalos Ioannis sold $317,221 worth of The Procter & Gamble Company (NYSE:PG) or 4,098 shares.

Gamble Jones Investment Counsel decreased its stake in Procter And Gamble Co (PG) by 1.97% based on its latest 2018Q1 regulatory filing with the SEC. Gamble Jones Investment Counsel sold 67,612 shares as the company’s stock declined 8.97% with the market. The institutional investor held 3.36 million shares of the package goods and cosmetics company at the end of 2018Q1, valued at $266.05M, down from 3.42M at the end of the previous reported quarter. Gamble Jones Investment Counsel who had been investing in Procter And Gamble Co for a number of months, seems to be less bullish one the $199.43 billion market cap company. The stock increased 0.53% or $0.42 during the last trading session, reaching $79.31. About 6.02 million shares traded. The Procter & Gamble Company (NYSE:PG) has declined 14.45% since July 14, 2017 and is downtrending. It has underperformed by 27.02% the S&P500.

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on July, 26. They expect $0.91 earnings per share, up 7.06 % or $0.06 from last year’s $0.85 per share. PG’s profit will be $2.29 billion for 21.79 P/E if the $0.91 EPS becomes a reality. After $1.00 actual earnings per share reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts -9.00 % negative EPS growth.

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: Bizjournals.com which released: “Could P&G bid for Bristol-Myers Squibb unit?” on July 09, 2018, also Bizjournals.com with their article: “P&G parts ways with founders of herbal supplements brand” published on July 13, 2018, Finance.Yahoo.com published: “3 Big Stock Charts for Wednesday: Procter & Gamble, ENSCO and Walt Disney” on July 11, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: Fool.com and their article: “Better Buy: The Coca Cola Co (KO) vs. Procter & Gamble Co (PG)” published on July 05, 2018 as well as Seekingalpha.com‘s news article titled: “Procter & Gamble: Raising The Bar” with publication date: June 28, 2018.

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

Among 12 analysts covering Procter & Gamble (NYSE:PG), 1 have Buy rating, 1 Sell and 10 Hold. Therefore 8% are positive. Procter & Gamble has $98 highest and $7500 lowest target. $86.50’s average target is 9.07% above currents $79.31 stock price. Procter & Gamble had 18 analyst reports since January 16, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Friday, April 20 by Deutsche Bank. As per Friday, April 20, the company rating was maintained by Morgan Stanley. Stifel Nicolaus maintained The Procter & Gamble Company (NYSE:PG) rating on Friday, April 20. Stifel Nicolaus has “Hold” rating and $83 target. The rating was maintained by JP Morgan with “Neutral” on Wednesday, January 24. Bank of America maintained The Procter & Gamble Company (NYSE:PG) on Thursday, April 19 with “Buy” rating. The stock of The Procter & Gamble Company (NYSE:PG) has “Hold” rating given on Monday, April 23 by RBC Capital Markets. On Thursday, April 12 the stock rating was maintained by Bank of America with “Buy”. Goldman Sachs upgraded it to “Hold” rating and $88.0 target in Tuesday, January 16 report. Argus Research downgraded the stock to “Hold” rating in Friday, April 20 report. The stock of The Procter & Gamble Company (NYSE:PG) earned “Hold” rating by Stifel Nicolaus on Wednesday, January 24.

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

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