Mathes Company Continues to Hold Stake in Pg & E Corp. (PCG); Ci Investments Decreased Procter & Gamble Co (PG) Holding by $14.34 Million

January 13, 2018 - By Vivian Park

Mathes Company Inc increased its stake in Pg & E Corp. (PCG) by 382.97% based on its latest 2017Q3 regulatory filing with the SEC. Mathes Company Inc bought 19,455 shares as the company’s stock rose 2.53% with the market. The institutional investor held 24,535 shares of the power generation company at the end of 2017Q3, valued at $1.67 million, up from 5,080 at the end of the previous reported quarter. Mathes Company Inc who had been investing in Pg & E Corp. for a number of months, seems to be bullish on the $22.54B market cap company. The stock decreased 0.14% or $0.06 during the last trading session, reaching $43.82. About 6.28 million shares traded. PG&E Corporation (NYSE:PCG) has risen 13.90% since January 13, 2017 and is uptrending. It has underperformed by 2.80% the S&P500.

Ci Investments Inc decreased its stake in Procter & Gamble Co (PG) by 12.8% based on its latest 2017Q3 regulatory filing with the SEC. Ci Investments Inc sold 159,278 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 1.08 million shares of the package goods and cosmetics company at the end of 2017Q3, valued at $98.71M, down from 1.24 million at the end of the previous reported quarter. Ci Investments Inc who had been investing in Procter & Gamble Co for a number of months, seems to be less bullish one the $227.34 billion market cap company. The stock decreased 0.60% or $0.54 during the last trading session, reaching $89.61. About 8.11 million shares traded or 20.52% up from the average. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since January 13, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Among 15 analysts covering PG&E Corporation (NYSE:PCG), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. PG&E Corporation has $78.0 highest and $54 lowest target. $66.38’s average target is 51.48% above currents $43.82 stock price. PG&E Corporation had 44 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was downgraded by Guggenheim on Tuesday, January 2 to “Sell”. The firm has “Buy” rating given on Friday, June 2 by RBC Capital Markets. BMO Capital Markets maintained PG&E Corporation (NYSE:PCG) on Thursday, July 13 with “Hold” rating. Jefferies maintained the shares of PCG in report on Friday, July 28 with “Buy” rating. The stock has “Overweight” rating by JP Morgan on Thursday, October 12. The stock has “Buy” rating by Jefferies on Wednesday, October 11. The firm earned “Hold” rating on Monday, December 18 by Wells Fargo. Citigroup initiated the shares of PCG in report on Tuesday, November 17 with “Neutral” rating. The firm earned “Buy” rating on Monday, October 16 by J.P. Morgan. The firm has “Buy” rating given on Thursday, July 13 by Jefferies.

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.07, from 1.24 in 2017Q2. It turned negative, as 39 investors sold PCG shares while 160 reduced holdings. 50 funds opened positions while 182 raised stakes. 411.71 million shares or 0.10% more from 411.30 million shares in 2017Q2 were reported. Allsquare Wealth Mngmt Lc has 0.02% invested in PG&E Corporation (NYSE:PCG) for 356 shares. Ajo LP invested in 0.16% or 534,773 shares. Advisor Prns Lc owns 12,328 shares for 0.16% of their portfolio. Macquarie Gp Ltd has 0.17% invested in PG&E Corporation (NYSE:PCG). Fifth Third National Bank has 931 shares for 0% of their portfolio. 310,979 were reported by Baillie Gifford &. Art Advsrs Ltd Liability stated it has 75,700 shares or 0.26% of all its holdings. New York State Common Retirement Fund has 0.12% invested in PG&E Corporation (NYSE:PCG). Country Comml Bank holds 214,844 shares or 0.66% of its portfolio. Principal Financial Group Inc Inc reported 740,644 shares or 0.05% of all its holdings. Automobile Association stated it has 0.04% in PG&E Corporation (NYSE:PCG). Us Financial Bank De holds 237,722 shares or 0.05% of its portfolio. Invesco Limited, Georgia-based fund reported 4.53 million shares. Jefferies Grp Limited Liability has 15,265 shares. Wg Shaheen Dba Whitney Company holds 4,500 shares or 0.1% of its portfolio.

Mathes Company Inc, which manages about $240.09M and $212.37M US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 73,650 shares to 75,559 shares, valued at $1.83 million in 2017Q3, according to the filing. It also reduced its holding in Alphabet Inc. Class C by 3,076 shares in the quarter, leaving it with 778 shares, and cut its stake in Procter & Gamble Co. (NYSE:PG).

Since August 15, 2017, it had 0 insider purchases, and 19 insider sales for $6.75 million activity. The insider TASTAD CAROLYN M sold 1,718 shares worth $158,126. The insider FergusonMchugh MaryLynn sold $321,221. 838 The Procter & Gamble Company (NYSE:PG) shares with value of $77,130 were sold by Abdelfattah Mohamed Samir Abdelrazek. Matthew Price sold $115,695 worth of stock. 3,684 The Procter & Gamble Company (NYSE:PG) shares with value of $339,077 were sold by Pritchard Marc S.. Giovanni Ciserani had sold 4,589 shares worth $422,374 on Tuesday, August 15.

Investors sentiment decreased to 0.82 in 2017 Q3. Its down 0.12, from 0.94 in 2017Q2. It is negative, 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. Richard C Young Co Ltd, a Rhode Island-based fund reported 124,529 shares. Vantage Investment Ltd accumulated 68,856 shares. Gulf Financial Bank (Uk) has invested 0.99% of its portfolio in The Procter & Gamble Company (NYSE:PG). Tompkins Finance owns 44,201 shares. Duncker Streett And Company owns 53,490 shares. The Virginia-based Bb&T Limited Liability Corp has invested 0.68% in The Procter & Gamble Company (NYSE:PG). Baillie Gifford And Co holds 360,097 shares. Credit Agricole S A stated it has 2.64M shares or 0.82% of all its holdings. Cortland Associate Inc Mo has invested 0.19% in The Procter & Gamble Company (NYSE:PG). Forward Mgmt Limited Liability Company stated it has 0.09% in The Procter & Gamble Company (NYSE:PG). Cambridge Tru has invested 0.59% in The Procter & Gamble Company (NYSE:PG). Berkshire Hathaway invested in 0.02% or 315,400 shares. Maryland-based Court Place Advisors Ltd Liability has invested 2.98% in The Procter & Gamble Company (NYSE:PG). Bryn Mawr invested in 162,752 shares or 0.84% of the stock. Osterweis owns 0.22% invested in The Procter & Gamble Company (NYSE:PG) for 31,920 shares.

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 1 Sell and 11 Hold. Therefore 50% are positive. Proctor & Gamble had 73 analyst reports since August 4, 2015 according to SRatingsIntel. On Friday, July 31 the stock rating was maintained by Deutsche Bank with “Buy”. On Tuesday, August 25 the stock rating was upgraded by Vetr to “Buy”. The rating was maintained by UBS with “Neutral” on Monday, October 26. The rating was upgraded by Suntrust Robinson on Tuesday, September 8 to “Buy”. The firm has “Hold” rating given on Friday, October 6 by RBC Capital Markets. RBC Capital Markets maintained it with “Hold” rating and $8000 target in Tuesday, August 1 report. On Friday, July 22 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of The Procter & Gamble Company (NYSE:PG) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, October 27. The stock has “Neutral” rating by B. Riley & Co on Wednesday, March 30. B. Riley & Co maintained the shares of PG in report on Monday, October 26 with “Neutral” rating.

Ci Investments Inc, which manages about $10.91B US Long portfolio, upped its stake in Kennedy (NYSE:KW) by 1.36M shares to 2.94 million shares, valued at $54.53 million in 2017Q3, according to the filing. It also increased its holding in Brookfield Asset Mgmt Inc (NYSE:BAM) by 758,205 shares in the quarter, for a total of 2.59M shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

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