Procter And Gamble Co (Call) (PG) Shareholder Tremblant Capital Group Has Cut Holding as Market Valuation Declined

April 24, 2018 - By Dolores Ford

The Procter & Gamble Company (NYSE:PG) LogoInvestors sentiment increased to 0.89 in 2017 Q4. Its up 0.07, from 0.82 in 2017Q3. It is positive, as 64 investors sold PG shares while 740 reduced holdings. 118 funds opened positions while 594 raised stakes. 1.47 billion shares or 1.61% less from 1.50 billion shares in 2017Q3 were reported. The Connecticut-based Hartford Fincl Management Inc has invested 0.35% in The Procter & Gamble Company (NYSE:PG). Schulhoff And Com Incorporated has 12.19% invested in The Procter & Gamble Company (NYSE:PG). 2.12M are owned by Eaton Vance Management. Boltwood Capital reported 1.69% stake. Boston Rech And Management holds 1.51% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 32,847 shares. Cortland Associates Mo invested 0.2% in The Procter & Gamble Company (NYSE:PG). Summit Fincl Wealth Advsrs Limited Co has 0.08% invested in The Procter & Gamble Company (NYSE:PG). Lord Abbett And Co Ltd Liability Corporation invested in 0.37% or 1.42 million shares. Oakmont Prtn Ltd Liability Corporation reported 0.12% stake. Connor Clark Lunn Management Limited has 0.34% invested in The Procter & Gamble Company (NYSE:PG). Garland Capital Mgmt reported 3.06% stake. Aldebaran Financial accumulated 2.87% or 46,975 shares. Amundi Pioneer Asset reported 0.45% in The Procter & Gamble Company (NYSE:PG). 5,492 were reported by S&T Bancorporation Pa. Cim Investment Mangement Inc holds 13,008 shares.

Since November 15, 2017, it had 0 insider buys, and 7 selling transactions for $6.85 million activity. $184,924 worth of The Procter & Gamble Company (NYSE:PG) shares were sold by FergusonMchugh MaryLynn. $3.07 million worth of The Procter & Gamble Company (NYSE:PG) was sold by Schomburger Jeffrey K. $739,189 worth of stock was sold by Posada Juan Fernando on Thursday, February 15. TASTAD CAROLYN M sold $152,724 worth of stock or 1,935 shares. Pritchard Marc S. had sold 8,502 shares worth $668,179 on Thursday, February 15.

Brett Barakett decreased its stake in Procter And Gamble Co (Call) (PG) by 62.12% based on its latest 2017Q4 regulatory filing with the SEC. Tremblant Capital Group sold 3.92M shares as the company’s stock declined 15.56% with the market. The hedge fund run by Brett Barakett held 2.39M shares of the package goods and cosmetics company at the end of 2017Q4, valued at $219.42 million, down from 6.30 million 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 less bullish one the $183.57 billion market cap company. The stock decreased 1.08% or $0.8 during the last trading session, reaching $73. About 13.65 million shares traded or 28.64% up from the average. The Procter & Gamble Company (NYSE:PG) has declined 14.03% since April 24, 2017 and is downtrending. It has underperformed by 25.58% the S&P500.

Tremblant Capital Group, which manages about $3.75B and $2.07B US Long portfolio, upped its stake in Amazon Com Inc (NASDAQ:AMZN) by 19,820 shares to 85,620 shares, valued at $100.13 million in 2017Q4, according to the filing. It also increased its holding in Deckers Outdoor Corp (NYSE:DECK) by 101,877 shares in the quarter, for a total of 374,322 shares, and has risen its stake in Palo Alto Networks Inc (NYSE:PANW).

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

Among 13 analysts covering Procter & Gamble (NYSE:PG), 3 have Buy rating, 1 Sell and 9 Hold. Therefore 23% are positive. Procter & Gamble had 22 analyst reports since November 10, 2017 according to SRatingsIntel. As per Thursday, April 12, the company rating was maintained by Bank of America. The rating was upgraded by Goldman Sachs on Tuesday, January 16 to “Hold”. On Wednesday, January 24 the stock rating was maintained by JP Morgan with “Neutral”. Deutsche Bank downgraded the shares of PG in report on Friday, April 20 to “Hold” rating. Stifel Nicolaus maintained the shares of PG in report on Wednesday, January 24 with “Hold” rating. SunTrust maintained The Procter & Gamble Company (NYSE:PG) on Tuesday, January 23 with “Hold” rating. Jefferies maintained the stock with “Buy” rating in Thursday, January 4 report. As per Thursday, April 5, the company rating was maintained by Morgan Stanley. The firm has “Hold” rating given on Friday, November 10 by RBC Capital Markets. The company was maintained on Thursday, April 19 by SunTrust.

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

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