Procter & Gamble Co (PG) Market Valuation Declined While Lynch & Associates Has Lifted by $426,600 Its Position; Horan Capital Management Has Raised Its Nike Class B (NKE) Stake

February 24, 2018 - By Adrian Erickson

Lynch & Associates increased its stake in Procter & Gamble Co (PG) by 5.33% based on its latest 2017Q3 regulatory filing with the SEC. Lynch & Associates bought 4,740 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 93,657 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $8.52 million, up from 88,917 at the end of the previous reported quarter. Lynch & Associates who had been investing in Procter & Gamble Co for a number of months, seems to be bullish on the $204.33B market cap company. The stock increased 0.26% or $0.21 during the last trading session, reaching $81.05. About 10.32M shares traded or 18.73% up from the average. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since February 24, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Horan Capital Management increased its stake in Nike Class B (NKE) by 390.4% based on its latest 2017Q3 regulatory filing with the SEC. Horan Capital Management bought 33,859 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 42,532 shares of the consumer non-durables company at the end of 2017Q3, valued at $2.21M, up from 8,673 at the end of the previous reported quarter. Horan Capital Management who had been investing in Nike Class B for a number of months, seems to be bullish on the $110.89 billion market cap company. The stock increased 1.53% or $1.03 during the last trading session, reaching $68.16. About 4.43 million shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since February 24, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

Horan Capital Management, which manages about $446.88 million and $481.22M US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 13,398 shares to 511,500 shares, valued at $12.37 million in 2017Q3, according to the filing.

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.20, from 1 in 2017Q2. It dropped, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. 53,480 were reported by Macguire Cheswick & Tuttle Inv Counsel Limited Liability Company. Cullinan Assocs, a Kentucky-based fund reported 85,430 shares. Tctc Limited holds 8,848 shares or 0.03% of its portfolio. Gilman Hill Asset Management Lc reported 0.08% in NIKE, Inc. (NYSE:NKE). Dearborn Prtnrs Limited Liability Company holds 0.08% in NIKE, Inc. (NYSE:NKE) or 21,082 shares. Chevy Chase Holdings owns 1.56M shares or 0.37% of their US portfolio. Winslow Evans Crocker Incorporated invested in 8,162 shares. Chesley Taft Associate Ltd holds 0.24% or 54,456 shares in its portfolio. Beacon Financial Group, Texas-based fund reported 6,373 shares. Old Mutual Customised Solutions (Proprietary) Ltd invested in 0.33% or 46,574 shares. Utd Automobile Association has invested 0.09% in NIKE, Inc. (NYSE:NKE). Pub Employees Retirement Association Of Colorado stated it has 1.78M shares or 0.66% of all its holdings. Kj Harrison & Partners has invested 0.13% in NIKE, Inc. (NYSE:NKE). Everett Harris Ca invested in 1.72% or 1.10M shares. Laurel Grove Limited Liability Corp stated it has 78,866 shares.

Since September 14, 2017, it had 0 insider purchases, and 8 insider sales for $37.22 million activity. $4.75 million worth of NIKE, Inc. (NYSE:NKE) shares were sold by Slusher John F. PARKER MARK G sold $8.78 million worth of stock or 135,000 shares. Another trade for 16,000 shares valued at $855,206 was sold by RODGERS JOHNATHAN A. Shares for $6.85 million were sold by EDWARDS TREVOR A. Another trade for 100,000 shares valued at $6.77M was made by SPRUNK ERIC D on Monday, January 29.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 222 analyst reports since July 29, 2015 according to SRatingsIntel. JP Morgan maintained NIKE, Inc. (NYSE:NKE) rating on Monday, March 21. JP Morgan has “Overweight” rating and $72 target. As per Tuesday, September 19, the company rating was maintained by Raymond James. On Friday, September 25 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Outperform” rating given on Monday, August 24 by Telsey Advisory Group. The firm has “Outperform” rating given on Thursday, June 22 by Telsey Advisory Group. On Tuesday, September 22 the stock rating was maintained by Canaccord Genuity with “Hold”. The firm has “Hold” rating given on Friday, September 23 by Canaccord Genuity. The rating was maintained by Piper Jaffray on Friday, December 22 with “Hold”. The firm has “Buy” rating given on Tuesday, April 11 by Deutsche Bank. The firm has “Hold” rating by Cowen & Co given on Thursday, December 7.

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. As per Thursday, August 4, the company rating was maintained by Citigroup. UBS maintained the shares of PG in report on Monday, October 26 with “Neutral” rating. Stifel Nicolaus downgraded The Procter & Gamble Company (NYSE:PG) on Wednesday, December 21 to “Hold” rating. The firm earned “Buy” rating on Tuesday, September 8 by SunTrust. The rating was downgraded by Deutsche Bank on Tuesday, December 13 to “Hold”. Vetr upgraded the stock to “Buy” rating in Tuesday, August 25 report. The company was maintained on Monday, March 21 by Barclays Capital. RBC Capital Markets maintained it with “Hold” rating and $80.0 target in Friday, November 10 report. The rating was maintained by Jefferies with “Buy” on Wednesday, November 15. The firm has “Hold” rating given on Tuesday, January 23 by SunTrust.

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. Essex Investment Lc holds 0.3% or 24,308 shares in its portfolio. Moreover, Peoples Fincl Service Corp has 3.4% invested in The Procter & Gamble Company (NYSE:PG) for 65,860 shares. Edgestream Ptnrs Limited Partnership invested 0.37% in The Procter & Gamble Company (NYSE:PG). Illinois-based First Tru LP has invested 0.35% in The Procter & Gamble Company (NYSE:PG). Fny Managed Accounts Limited Liability Company accumulated 116 shares. The New Jersey-based Hamel Inc has invested 3.49% in The Procter & Gamble Company (NYSE:PG). Moreover, Duncker Streett And has 1.47% invested in The Procter & Gamble Company (NYSE:PG) for 53,490 shares. Confluence Wealth Mngmt Limited Liability Co holds 0.24% in The Procter & Gamble Company (NYSE:PG) or 5,463 shares. Wedgewood Pa has 13,387 shares for 1.03% of their portfolio. Summit Group Ltd Limited Liability Company reported 2,500 shares. Toronto Dominion National Bank invested 0.32% of its portfolio in The Procter & Gamble Company (NYSE:PG). Highland Mngmt Lc invested in 1.24% or 171,995 shares. 3,200 were reported by Ellington Management Limited Liability Company. Tower Bridge Advsr holds 149,780 shares. Ledyard Bancorp holds 108,376 shares.

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