Amazon Com (AMZN) Shares Rose While Concorde Asset Management Has Lowered Stake by $411,488; Estabrook Capital Management Stake in Procter & Gamble Co (PG) Has Cut by $235.12 Million as Stock Price Declined

May 24, 2018 - By Adrian Erickson

Amazon.com, Inc. (NASDAQ:AMZN) Logo

Estabrook Capital Management decreased its stake in Procter & Gamble Co (PG) by 3.45% based on its latest 2017Q4 regulatory filing with the SEC. Estabrook Capital Management sold 2,559 shares as the company’s stock declined 15.56% with the market. The institutional investor held 71,518 shares of the package goods and cosmetics company at the end of 2017Q4, valued at $6.57B, down from 74,077 at the end of the previous reported quarter. Estabrook Capital Management who had been investing in Procter & Gamble Co for a number of months, seems to be less bullish one the $185.50B market cap company. The stock decreased 0.55% or $0.41 during the last trading session, reaching $73.77. About 6.51 million shares traded. The Procter & Gamble Company (NYSE:PG) has declined 14.03% since May 24, 2017 and is downtrending. It has underperformed by 25.58% the S&P500.

Concorde Asset Management Llc decreased its stake in Amazon Com Inc (AMZN) by 40.65% based on its latest 2017Q4 regulatory filing with the SEC. Concorde Asset Management Llc sold 352 shares as the company’s stock rose 28.13% while stock markets declined. The institutional investor held 514 shares of the consumer services company at the end of 2017Q4, valued at $601,000, down from 866 at the end of the previous reported quarter. Concorde Asset Management Llc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $777.85B market cap company. The stock increased 0.08% or $1.21 during the last trading session, reaching $1603.07. About 3.23M shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 76.78% since May 24, 2017 and is uptrending. It has outperformed by 65.23% the S&P500.

Among 55 analysts covering Amazon.com (NASDAQ:AMZN), 52 have Buy rating, 0 Sell and 3 Hold. Therefore 95% are positive. Amazon.com had 302 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Nomura given on Tuesday, May 3. M Partners maintained the stock with “Buy” rating in Wednesday, February 21 report. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Overweight” rating given on Thursday, June 16 by KeyBanc Capital Markets. Susquehanna initiated Amazon.com, Inc. (NASDAQ:AMZN) on Friday, January 15 with “Positive” rating. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Tuesday, January 30 by Monness. As per Wednesday, October 11, the company rating was maintained by Credit Suisse. Guggenheim initiated the stock with “Buy” rating in Friday, September 30 report. The rating was maintained by Mizuho with “Buy” on Friday, July 29. As per Friday, October 27, the company rating was maintained by RBC Capital Markets. The stock of Amazon.com, Inc. (NASDAQ:AMZN) earned “Buy” rating by J.P. Morgan on Friday, February 2.

Investors sentiment increased to 1.29 in Q4 2017. Its up 0.03, from 1.26 in 2017Q3. It improved, as 69 investors sold AMZN shares while 578 reduced holdings. 168 funds opened positions while 667 raised stakes. 280.02 million shares or 0.09% more from 279.77 million shares in 2017Q3 were reported. Mycio Wealth Limited Liability Company invested in 0.26% or 2,033 shares. Penobscot Management has 0.19% invested in Amazon.com, Inc. (NASDAQ:AMZN). Aspiriant Ltd Liability Com holds 0.14% or 395 shares. Moreover, Principal Financial Group Inc has 0.92% invested in Amazon.com, Inc. (NASDAQ:AMZN). Selkirk Mgmt Ltd Liability Com has invested 9% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Chilton Investment Communications Limited Co has 1,029 shares. Veritas Inv Mgmt (Uk) reported 168 shares. Moreover, Eagle Asset Mngmt has 0.06% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 7,938 shares. Riverpoint Cap Management Ltd Liability stated it has 0.09% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Berson Corrado Investment Advsr Ltd Liability Company invested in 361 shares or 0.25% of the stock. 1,230 are owned by Pcj Invest Counsel. Shapiro Mngmt Ltd Liability Corp reported 265 shares. Atwood Palmer Inc holds 658 shares. Shine Advisory Services Inc reported 0.32% in Amazon.com, Inc. (NASDAQ:AMZN). Centre Asset Lc holds 3.49% or 12,260 shares.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on July, 26. They expect $2.42 earnings per share, up 505.00% or $2.02 from last year’s $0.4 per share. AMZN’s profit will be $1.17B for 165.61 P/E if the $2.42 EPS becomes a reality. After $3.27 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -25.99% negative EPS growth.

Since December 7, 2017, it had 0 insider buys, and 21 sales for $64.49 million activity. ALBERG TOM A sold $3.35 million worth of stock or 2,285 shares. $2.17 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by STONESIFER PATRICIA Q. The insider WILKE JEFFREY A sold 1,645 shares worth $2.59 million. $3.23 million worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Blackburn Jeffrey M. Shares for $2.90M were sold by Jassy Andrew R on Thursday, February 15. Reynolds Shelley sold $686,439 worth of stock.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Seekingalpha.com which released: “Amazon’s AWS: The Land Of Milk And Honey” on May 21, 2018, also Nasdaq.com with their article: “5 Niche Tech ETFs Hitting All-Time Highs” published on May 24, 2018, Bizjournals.com published: “Editor’s Notebook: NC wants Apple and Amazon, but HB2 issues linger” on May 22, 2018. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Nasdaq.com and their article: “Amazon to Offer Blockchain-as-a-Service to Its Enterprise Cloud Clients” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “VP of Alexa leaves Amazon” with publication date: May 17, 2018.

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: 247Wallst.com which released: “Procter & Gamble Now at 5 Weeks as Dow’s Worst Performing Stock” on May 19, 2018, also Seekingalpha.com with their article: “Procter & Gamble recommits to Russia” published on May 24, 2018, 247Wallst.com published: “Procter & Gamble Settling In as Worst-Performing Dow Stock of 2018” on April 28, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: Bizjournals.com and their article: “Former P&G executive to help guide marijuana firm” published on May 24, 2018 as well as Bizjournals.com‘s news article titled: “P&G boosting Russia investment” with publication date: May 24, 2018.

Since February 15, 2018, it had 0 insider purchases, and 6 sales for $6.67 million activity. Another trade for 8,502 shares valued at $668,179 was sold by Pritchard Marc S.. $149,130 worth of The Procter & Gamble Company (NYSE:PG) was sold by Bishop Steven D on Wednesday, May 2. $739,189 worth of The Procter & Gamble Company (NYSE:PG) was sold by Posada Juan Fernando. Shares for $3.07 million were sold by Schomburger Jeffrey K on Thursday, February 15.

Investors sentiment increased to 0.89 in 2017 Q4. Its up 0.07, from 0.82 in 2017Q3. It improved, 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. Exchange Capital Mgmt Incorporated has invested 2.03% in The Procter & Gamble Company (NYSE:PG). Bowling Portfolio Ltd Llc has invested 0.46% in The Procter & Gamble Company (NYSE:PG). Sterling Strategies Ltd Liability Com owns 11,209 shares. Ghp Inv Incorporated stated it has 0.77% of its portfolio in The Procter & Gamble Company (NYSE:PG). 3,895 are held by Cap Counsel Ltd Limited Liability Company New York. Peak Asset Mgmt Limited Co has invested 0.7% of its portfolio in The Procter & Gamble Company (NYSE:PG). Mackenzie Corporation invested in 2.85 million shares or 0.63% of the stock. Next Financial Group Inc Inc owns 14,199 shares for 0.56% of their portfolio. Gould Asset Management Ltd Liability Company Ca reported 0.46% stake. Dixon Hubard Feinour And Brown Inc Va, a Virginia-based fund reported 15,844 shares. Schwab Charles Inv Management, California-based fund reported 12.85 million shares. The Texas-based American Natl Registered Invest Advisor has invested 0.84% in The Procter & Gamble Company (NYSE:PG). Hirtle Callaghan Ltd Limited Liability Company holds 0.1% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 12,400 shares. Rosenbaum Jay D reported 20,211 shares stake. Foyston Gordon Payne owns 5,377 shares or 0.09% of their US portfolio.

Estabrook Capital Management, which manages about $1.18 billion and $662.80 billion US Long portfolio, upped its stake in Deutsche Bk Contgnt Cap Tr Itr (NYSE:DTK) by 6,550 shares to 47,886 shares, valued at $1.23B in 2017Q4, according to the filing. It also increased its holding in Halliburton Co (NYSE:HAL) by 2,000 shares in the quarter, for a total of 7,750 shares, and has risen its stake in Rowe T Price Intl Fds Inc Intl (PRITX).

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 10 have Buy rating, 1 Sell and 14 Hold. Therefore 40% are positive. Proctor & Gamble had 89 analyst reports since August 4, 2015 according to SRatingsIntel. As per Tuesday, January 26, the company rating was upgraded by Morgan Stanley. UBS upgraded the shares of PG in report on Thursday, July 14 to “Buy” rating. The stock has “Hold” rating by RBC Capital Markets on Tuesday, August 1. On Thursday, October 5 the stock rating was maintained by SunTrust with “Hold”. The rating was maintained by B. Riley & Co with “Neutral” on Wednesday, March 30. The rating was maintained by Jefferies on Thursday, August 17 with “Buy”. On Tuesday, September 5 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Hold” rating given on Friday, April 20 by Stifel Nicolaus. The stock of The Procter & Gamble Company (NYSE:PG) earned “Buy” rating by Jefferies on Tuesday, October 3. On Friday, April 20 the stock rating was downgraded by Argus Research to “Hold”.

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on July, 26. They expect $0.91 earnings per share, up 7.06% or $0.06 from last year’s $0.85 per share. PG’s profit will be $2.29 billion for 20.27 P/E if the $0.91 EPS becomes a reality. After $1.00 actual earnings per share reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts -9.00% negative EPS growth.

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

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