Nichols & Pratt Advisers Llp Lowered Its Procter & Gamble Co (PG) Stake by $8.76 Million; Water Asset Management Increased Connecticut Wtr Svc (CTWS) Holding by $714,018; Market Valuation Declined

February 20, 2018 - By Peter Erickson

Nichols & Pratt Advisers Llp decreased its stake in Procter & Gamble Co (PG) by 13.72% based on its latest 2017Q3 regulatory filing with the SEC. Nichols & Pratt Advisers Llp sold 96,281 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 605,492 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $55.13M, down from 701,773 at the end of the previous reported quarter. Nichols & Pratt Advisers Llp who had been investing in Procter & Gamble Co for a number of months, seems to be less bullish one the $205.11 billion market cap company. The stock decreased 1.50% or $1.24 during the last trading session, reaching $81.36. About 5.16M shares traded. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since February 20, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Water Asset Management Llc increased its stake in Connecticut Wtr Svc Inc (CTWS) by 4.49% based on its latest 2017Q3 regulatory filing with the SEC. Water Asset Management Llc bought 12,102 shares as the company’s stock declined 2.76% while stock markets rallied. The hedge fund held 281,451 shares of the public utilities company at the end of 2017Q3, valued at $16.69 million, up from 269,349 at the end of the previous reported quarter. Water Asset Management Llc who had been investing in Connecticut Wtr Svc Inc for a number of months, seems to be bullish on the $629.36M market cap company. The stock decreased 3.05% or $1.64 during the last trading session, reaching $52.15. About 41,968 shares traded. Connecticut Water Service, Inc. (NASDAQ:CTWS) has risen 12.38% since February 20, 2017 and is uptrending. It has underperformed by 4.32% the S&P500.

Investors sentiment decreased to 0.82 in 2017 Q3. 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. Forbes J M And Llp stated it has 5.05% of its portfolio in The Procter & Gamble Company (NYSE:PG). Jane Street Grp Limited Liability Co stated it has 826,149 shares. Moreover, Bedell Frazier Investment Counseling Limited Liability Company has 0.14% invested in The Procter & Gamble Company (NYSE:PG). Putnam Fl Investment has 88,711 shares for 0.77% of their portfolio. Moreover, Dumont Blake Inv Llc has 0.71% invested in The Procter & Gamble Company (NYSE:PG) for 18,148 shares. Sawgrass Asset Mngmt Ltd Limited Liability Company has invested 0.05% in The Procter & Gamble Company (NYSE:PG). Bancshares Of The West stated it has 0.61% in The Procter & Gamble Company (NYSE:PG). Roanoke Asset Mngmt holds 7,348 shares or 0.32% of its portfolio. Wealth Architects Limited Com has invested 0.14% in The Procter & Gamble Company (NYSE:PG). Edgar Lomax Comm Va reported 4.23% of its portfolio in The Procter & Gamble Company (NYSE:PG). Sg Americas Ltd Limited Liability Company invested in 0.06% or 75,041 shares. American National Ins Co Tx owns 275,100 shares. Greenleaf, Michigan-based fund reported 86,391 shares. Indiana Trust Invest Management owns 28,594 shares. Riggs Asset Managment holds 3,320 shares or 0.14% of its portfolio.

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 company was maintained on Wednesday, August 19 by Pritchard Capital. The firm earned “Neutral” rating on Tuesday, July 21 by Sterne Agee CRT. The company was maintained on Tuesday, September 19 by Bank of America. Jefferies maintained The Procter & Gamble Company (NYSE:PG) rating on Thursday, January 4. Jefferies has “Buy” rating and $104.0 target. The stock of The Procter & Gamble Company (NYSE:PG) has “Hold” rating given on Tuesday, August 1 by RBC Capital Markets. Jefferies maintained it with “Buy” rating and $9800 target in Monday, July 17 report. As per Friday, October 6, the company rating was maintained by RBC Capital Markets. Suntrust Robinson downgraded the shares of PG in report on Thursday, December 22 to “Hold” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, July 22 report. The company was maintained on Thursday, October 29 by Barclays Capital.

Since August 22, 2017, it had 0 insider buys, and 4 sales for $3.96 million activity. On Tuesday, August 22 the insider Sheppard Valarie L sold $1.87M. Majoras Deborah P also sold $401,642 worth of The Procter & Gamble Company (NYSE:PG) on Saturday, September 30. Posada Juan Fernando sold $739,189 worth of stock.

Water Asset Management Llc, which manages about $352.48 million and $199.85 million US Long portfolio, decreased its stake in American Wtr Wks Co Inc New (NYSE:AWK) by 228,623 shares to 274,665 shares, valued at $22.22M in 2017Q3, according to the filing. It also reduced its holding in California Wtr Svc Group (NYSE:CWT) by 29,541 shares in the quarter, leaving it with 210,378 shares, and cut its stake in Stantec Inc (NYSE:STN).

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