As Procter & Gamble (PG) Shares Declined, Veritas Investment Management Uk LTD Trimmed by $431,480 Its Holding; Fragasso Group Has Trimmed Its American Tower New (AMT) Holding by $346,054

April 21, 2018 - By Dolores Ford

The Procter & Gamble Company (NYSE:PG) Logo

Veritas Investment Management Uk Ltd decreased its stake in Procter & Gamble (PG) by 66.76% based on its latest 2017Q4 regulatory filing with the SEC. Veritas Investment Management Uk Ltd sold 4,690 shares as the company’s stock declined 15.56% with the market. The institutional investor held 2,335 shares of the package goods and cosmetics company at the end of 2017Q4, valued at $215,000, down from 7,025 at the end of the previous reported quarter. Veritas Investment Management Uk Ltd who had been investing in Procter & Gamble for a number of months, seems to be less bullish one the $186.05 billion market cap company. The stock decreased 1.53% or $1.15 during the last trading session, reaching $73.8. About 14.08 million shares traded or 32.09% up from the average. The Procter & Gamble Company (NYSE:PG) has declined 14.03% since April 21, 2017 and is downtrending. It has underperformed by 25.58% the S&P500.

Fragasso Group Inc decreased its stake in American Tower Corp New (AMT) by 18.41% based on its latest 2017Q4 regulatory filing with the SEC. Fragasso Group Inc sold 2,437 shares as the company’s stock rose 2.70% while stock markets declined. The institutional investor held 10,797 shares of the real estate investment trusts company at the end of 2017Q4, valued at $1.54 million, down from 13,234 at the end of the previous reported quarter. Fragasso Group Inc who had been investing in American Tower Corp New for a number of months, seems to be less bullish one the $59.11B market cap company. The stock decreased 0.58% or $0.8 during the last trading session, reaching $136.62. About 2.66 million shares traded. American Tower Corporation (NYSE:AMT) has risen 20.37% since April 21, 2017 and is uptrending. It has outperformed by 8.82% the S&P500.

Fragasso Group Inc, which manages about $853.06M and $411.59 million US Long portfolio, upped its stake in Ishares Tr (IEFA) by 6,362 shares to 23,196 shares, valued at $1.53M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr by 54,458 shares in the quarter, for a total of 366,708 shares, and has risen its stake in Ishares Tr (MUB).

Since December 11, 2017, it had 0 insider buys, and 7 selling transactions for $15.20 million activity. 28,291 shares were sold by HESS WILLIAM H, worth $4.11 million. 32,943 American Tower Corporation (NYSE:REIT) shares with value of $4.57 million were sold by Sharma Amit. $4.94M worth of American Tower Corporation (NYSE:REIT) was sold by TAICLET JAMES D JR on Monday, December 11. On Tuesday, March 20 the insider THOMPSON SAMME L sold $512,246. The insider REED JOANN A sold 845 shares worth $124,071.

Investors sentiment increased to 1.25 in Q4 2017. Its up 0.05, from 1.2 in 2017Q3. It improved, as 47 investors sold AMT shares while 280 reduced holdings. 107 funds opened positions while 301 raised stakes. 377.89 million shares or 0.11% less from 378.31 million shares in 2017Q3 were reported. Godshalk Welsh Management Inc stated it has 5,565 shares. Segall Bryant And Hamill Ltd Com reported 26,545 shares stake. Cornercap Investment Counsel Inc has invested 0.07% in American Tower Corporation (NYSE:REIT). Utd Capital Advisers Ltd Liability holds 162,011 shares or 0.18% of its portfolio. Raymond James Trust Na owns 0.08% invested in American Tower Corporation (NYSE:REIT) for 8,691 shares. Quantitative Systematic Strategies Ltd Liability Corp invested 0.67% of its portfolio in American Tower Corporation (NYSE:REIT). Jefferies Limited reported 0.05% of its portfolio in American Tower Corporation (NYSE:REIT). Meiji Yasuda Asset Co Limited owns 0.15% invested in American Tower Corporation (NYSE:REIT) for 10,926 shares. Ironsides Asset Advsr Limited Company accumulated 0.13% or 2,430 shares. Wright Investors Serv has 0.49% invested in American Tower Corporation (NYSE:REIT) for 10,188 shares. San Francisco Sentry Investment Grp Incorporated (Ca) accumulated 15,168 shares or 0.63% of the stock. Sumitomo Mitsui Asset Management Co Ltd holds 0.25% in American Tower Corporation (NYSE:REIT) or 119,245 shares. 8,360 were accumulated by Hennessy Advsr Inc. Palisade Cap Management Ltd Nj reported 1,683 shares stake. Ny State Common Retirement Fund holds 0.21% in American Tower Corporation (NYSE:REIT) or 1.20 million shares.

Among 19 analysts covering American Tower Corporation (NYSE:AMT), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. American Tower Corporation had 72 analyst reports since August 6, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, September 13 report. The firm earned “Buy” rating on Thursday, September 21 by Cowen & Co. The firm has “Buy” rating given on Monday, March 5 by Citigroup. RBC Capital Markets maintained American Tower Corporation (NYSE:REIT) on Monday, May 2 with “Outperform” rating. Macquarie Research maintained the stock with “Buy” rating in Friday, July 28 report. On Monday, November 27 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. KeyBanc Capital Markets maintained the stock with “Buy” rating in Wednesday, November 1 report. The firm has “Buy” rating given on Monday, October 16 by Jefferies. As per Wednesday, August 10, the company rating was maintained by Citigroup. On Monday, August 7 the stock rating was maintained by Jefferies with “Buy”.

Since November 15, 2017, it had 0 buys, and 7 insider sales for $6.85 million activity. The insider FergusonMchugh MaryLynn sold 2,353 shares worth $184,924. Pritchard Marc S. also sold $668,179 worth of The Procter & Gamble Company (NYSE:PG) on Thursday, February 15. Fish Kathleen B also sold $1.93 million worth of The Procter & Gamble Company (NYSE:PG) on Thursday, February 15. TASTAD CAROLYN M also sold $152,724 worth of The Procter & Gamble Company (NYSE:PG) on Wednesday, November 15. On Thursday, February 15 the insider Posada Juan Fernando sold $739,189.

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 10 have Buy rating, 1 Sell and 14 Hold. Therefore 40% are positive. Proctor & Gamble had 88 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Tuesday, October 17 report. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, January 24 report. Deutsche Bank downgraded The Procter & Gamble Company (NYSE:PG) on Tuesday, December 13 to “Hold” rating. Goldman Sachs upgraded the stock to “Buy” rating in Wednesday, January 27 report. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Hold”. RBC Capital Markets maintained the stock with “Hold” rating in Friday, October 6 report. The stock of The Procter & Gamble Company (NYSE:PG) has “Buy” rating given on Thursday, January 4 by Jefferies. The rating was maintained by Jefferies with “Buy” on Tuesday, October 3. The stock of The Procter & Gamble Company (NYSE:PG) has “Sell” rating given on Monday, January 9 by Goldman Sachs. The stock of The Procter & Gamble Company (NYSE:PG) has “Hold” rating given on Friday, June 30 by RBC Capital Markets.

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

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