Procter And Gamble Co (PG) Shareholder Roof Eidam & Maycock Has Cut Its Stake as Share Value Declined; Payden & Rygel Has Lowered Magellan Midstream Partners (MMP) Holding by $11.54 Million

November 15, 2017 - By Ellis Scott

Payden & Rygel decreased its stake in Magellan Midstream Partners (MMP) by 89.88% based on its latest 2017Q2 regulatory filing with the SEC. Payden & Rygel sold 162,538 shares as the company’s stock declined 7.68% while stock markets rallied. The institutional investor held 18,300 shares of the natural gas distribution company at the end of 2017Q2, valued at $1.30 million, down from 180,838 at the end of the previous reported quarter. Payden & Rygel who had been investing in Magellan Midstream Partners for a number of months, seems to be less bullish one the $14.70B market cap company. The stock declined 1.29% or $0.84 reaching $64.46 per share. About 129,657 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since November 15, 2016 and is uptrending. It has underperformed by 13.15% the S&P500.

Roof Eidam & Maycock decreased its stake in Procter And Gamble Co (PG) by 86.77% based on its latest 2017Q2 regulatory filing with the SEC. Roof Eidam & Maycock sold 18,796 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 2,865 shares of the package goods and cosmetics company at the end of 2017Q2, valued at $250,000, down from 21,661 at the end of the previous reported quarter. Roof Eidam & Maycock who had been investing in Procter And Gamble Co for a number of months, seems to be less bullish one the $224.14B market cap company. The stock declined 0.59% or $0.52 reaching $88.35 per share. About 1.06 million shares traded. Procter & Gamble Co (NYSE:PG) has risen 7.54% since November 15, 2016 and is uptrending. It has underperformed by 9.16% the S&P500.

More notable recent Magellan Midstream Partners, L.P. (NYSE:MMP) news were published by: Fool.com which released: “Magellan Midstream Partners earnings: The raw numbers” on November 06, 2017, also Nasdaq.com with their article: “Cabot-Wellington, LLC Buys iShares Core MSCI EAFE, Sells Magellan Midstream …” published on October 30, 2017, Fool.com published: “Better Buy: Magellan Midstream Partners, LP vs. Kinder Morgan Inc.” on October 28, 2017. More interesting news about Magellan Midstream Partners, L.P. (NYSE:MMP) were released by: Seekingalpha.com and their article: “Magellan Midstream Partners LP (MMP) Q3 2017 Results – Earnings Call Transcript” published on November 02, 2017 as well as Fool.com‘s news article titled: “Better Buy: Ferrellgas Partners, LP vs. AmeriGas Partners, LP” with publication date: November 14, 2017.

Investors sentiment increased to 0.9 in 2017 Q2. Its up 0.07, from 0.83 in 2017Q1. It increased, as 38 investors sold MMP shares while 153 reduced holdings. 37 funds opened positions while 134 raised stakes. 131.72 million shares or 0.48% less from 132.35 million shares in 2017Q1 were reported. Miller Howard Invs New York has 2.75% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). Jane Street Gp Ltd invested in 38,408 shares. First Natl Tru has 24,281 shares. Corecommodity Mngmt Ltd Com stated it has 0.15% in Magellan Midstream Partners, L.P. (NYSE:MMP). Sterling Cap Mgmt Ltd Co reported 5,270 shares. Assetmark has invested 0% in Magellan Midstream Partners, L.P. (NYSE:MMP). Creative Planning owns 1.71 million shares or 0.62% of their US portfolio. 12,547 were accumulated by National Planning. Sei Investments Co stated it has 0.01% in Magellan Midstream Partners, L.P. (NYSE:MMP). Brighton Jones has invested 0.06% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). 21,706 were reported by Amg Funds Ltd Limited Liability Company. Botty Limited Liability Co owns 0.65% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 28,770 shares. Financial Architects reported 0.01% stake. Provise Management Grp Inc Ltd Liability Corp invested in 34,553 shares. Usca Ria Ltd Llc stated it has 18,100 shares or 0.17% of all its holdings.

Since May 24, 2017, it had 0 buys, and 1 sale for $600,000 activity.

Payden & Rygel, which manages about $82.81 billion and $1.14 billion US Long portfolio, upped its stake in Las Vegas Sands (NYSE:LVS) by 6,700 shares to 258,100 shares, valued at $16.49M in 2017Q2, according to the filing. It also increased its holding in Prologis (NYSE:PLD) by 7,400 shares in the quarter, for a total of 179,400 shares, and has risen its stake in Public Storage (NYSE:PSA).

Analysts await Magellan Midstream Partners, L.P. (NYSE:MMP) to report earnings on February, 1. They expect $1.07 earnings per share, up 2.88% or $0.03 from last year’s $1.04 per share. MMP’s profit will be $244.01M for 15.06 P/E if the $1.07 EPS becomes a reality. After $0.87 actual earnings per share reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts 22.99% EPS growth.

Among 20 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 9 have Buy rating, 2 Sell and 9 Hold. Therefore 45% are positive. Magellan Midstream Partners L.P. had 51 analyst reports since August 7, 2015 according to SRatingsIntel. On Sunday, October 1 the stock rating was maintained by RBC Capital Markets with “Hold”. Mizuho initiated the shares of MMP in report on Friday, September 30 with “Neutral” rating. The firm has “Buy” rating by Citigroup given on Thursday, September 21. As per Monday, December 19, the company rating was initiated by Ladenburg Thalmann. Stifel Nicolaus upgraded the shares of MMP in report on Tuesday, August 11 to “Hold” rating. Raymond James upgraded the stock to “Strong Buy” rating in Monday, January 4 report. The stock has “Neutral” rating by JP Morgan on Monday, May 16. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 4. The firm has “Hold” rating given on Tuesday, July 18 by Barclays Capital. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, January 11.

Roof Eidam & Maycock, which manages about $393.00M and $194.26M US Long portfolio, upped its stake in Vanguard Whitehall Fds Inc by 23,850 shares to 45,660 shares, valued at $2.82M in 2017Q2, according to the filing. It also increased its holding in Vanguard Intl Equity Index F (VWO) by 28,721 shares in the quarter, for a total of 140,548 shares, and has risen its stake in Schwab Strategic Tr (SCHR).

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 11 have Buy rating, 1 Sell and 12 Hold. Therefore 46% are positive. Proctor & Gamble had 68 analyst reports since August 4, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, August 4 by TheStreet. The company was upgraded on Tuesday, September 8 by SunTrust. Suntrust Robinson upgraded the shares of PG in report on Tuesday, September 8 to “Buy” rating. As per Tuesday, August 25, the company rating was upgraded by Vetr. Stifel Nicolaus downgraded Procter & Gamble Co (NYSE:PG) on Wednesday, December 21 to “Hold” rating. The firm has “Hold” rating by Zacks given on Tuesday, August 4. The rating was upgraded by Johnson Rice on Friday, August 26 to “Buy”. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, July 27 report. On Tuesday, November 17 the stock rating was initiated by Citigroup with “Neutral”. The rating was maintained by Jefferies with “Buy” on Thursday, July 6.

More notable recent Procter & Gamble Co (NYSE:PG) news were published by: Investorplace.com which released: “Procter & Gamble Co’s (PG) Strong Earnings Momentum Make it a Buy” on November 06, 2017, also Fool.com with their article: “Procter & Gamble Co. Earnings: What to Watch on Friday” published on October 16, 2017, Fool.com published: “Procter & Gamble Co. in 3 Charts” on October 30, 2017. More interesting news about Procter & Gamble Co (NYSE:PG) were released by: Investorplace.com and their article: “Procter & Gamble Co (PG) a Buy on Robust Quant Score” published on October 30, 2017 as well as Investorplace.com‘s news article titled: “Procter & Gamble Co (PG) a Buy on Superior Earnings Growth” with publication date: October 16, 2017.

Investors sentiment increased to 0.94 in 2017 Q2. Its up 0.18, from 0.76 in 2017Q1. It increased, as 63 investors sold PG shares while 714 reduced holdings. 112 funds opened positions while 620 raised stakes. 1.48 billion shares or 0.78% less from 1.49 billion shares in 2017Q1 were reported. Brinker Capital accumulated 11,445 shares. Brown Advisory Secs Ltd Liability holds 1.62% or 81,025 shares in its portfolio. Wg Shaheen And Associate Dba Whitney And has 42,095 shares for 1.2% of their portfolio. Bremer Trust Association holds 18,706 shares. Truepoint invested in 305,172 shares or 2.79% of the stock. 4,322 were accumulated by Sheets Smith Wealth Mgmt. Interocean Limited Company reported 0.44% in Procter & Gamble Co (NYSE:PG). Schaller Gp invested in 5,763 shares or 0.26% of the stock. Morgan Stanley reported 0.38% in Procter & Gamble Co (NYSE:PG). Columbia Prtn L L C Invest Mgmt accumulated 4,326 shares. Gofen & Glossberg Limited Company Il reported 2.68% of its portfolio in Procter & Gamble Co (NYSE:PG). Buckingham Asset Mgmt Lc invested in 50,014 shares. Lawson Kroeker Inv Ne invested 0.38% in Procter & Gamble Co (NYSE:PG). Ckw Fincl Gp has invested 0.01% in Procter & Gamble Co (NYSE:PG). Moreover, Nippon Life Insur Communications has 0.68% invested in Procter & Gamble Co (NYSE:PG).

Since May 17, 2017, it had 0 buys, and 3 insider sales for $8.78 million activity. $4.19 million worth of Procter & Gamble Co (NYSE:PG) was sold by Louvet Patrice.

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