Wafra Investment Advisory Group Upped Its Procter & Gamble Co. (PG) Position by $1.42 Million; River Road Asset Management Boosted Its Mitel Networks (MITL) Holding by $11.45 Million; Share Value Declined

January 18, 2018 - By Henry Gaston

Wafra Investment Advisory Group Inc increased its stake in Procter & Gamble Co. (PG) by 8.27% based on its latest 2017Q3 regulatory filing with the SEC. Wafra Investment Advisory Group Inc bought 15,725 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 205,869 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $18.73M, up from 190,144 at the end of the previous reported quarter. Wafra Investment Advisory Group Inc who had been investing in Procter & Gamble Co. for a number of months, seems to be bullish on the $228.66B market cap company. The stock decreased 0.42% or $0.38 during the last trading session, reaching $90.13. About 5.56M shares traded. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since January 18, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

River Road Asset Management Llc increased its stake in Mitel Networks Corporation (MITL) by 40.3% based on its latest 2017Q3 regulatory filing with the SEC. River Road Asset Management Llc bought 1.43M shares as the company’s stock declined 5.88% while stock markets rallied. The institutional investor held 4.98 million shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $41.81 million, up from 3.55 million at the end of the previous reported quarter. River Road Asset Management Llc who had been investing in Mitel Networks Corporation for a number of months, seems to be bullish on the $1.06 billion market cap company. The stock decreased 0.62% or $0.055 during the last trading session, reaching $8.785. About 456,021 shares traded. Mitel Networks Corporation (NASDAQ:MITL) has risen 10.16% since January 18, 2017 and is uptrending. It has underperformed by 6.54% the S&P500.

Since August 15, 2017, it had 0 buys, and 19 sales for $6.75 million activity. Another trade for 3,490 shares valued at $321,221 was made by FergusonMchugh MaryLynn on Tuesday, August 15. Schomburger Jeffrey K sold $199,728 worth of The Procter & Gamble Company (NYSE:PG) on Tuesday, August 15. 838 The Procter & Gamble Company (NYSE:PG) shares with value of $77,130 were sold by Abdelfattah Mohamed Samir Abdelrazek. Another trade for 1,675 shares valued at $154,168 was sold by Keith R. Alexandra. Shares for $244,828 were sold by Biegger Mark F. 3,684 The Procter & Gamble Company (NYSE:PG) shares with value of $339,077 were sold by Pritchard Marc S..

Wafra Investment Advisory Group Inc, which manages about $7.55 billion and $2.06 billion US Long portfolio, decreased its stake in Cigna Group (NYSE:CI) by 10,098 shares to 78,873 shares, valued at $14.75 million in 2017Q3, according to the filing. It also reduced its holding in Boston Scientific Corp. (NYSE:BSX) by 35,207 shares in the quarter, leaving it with 414,179 shares, and cut its stake in Spdr S&P 500 Etf Trust (SPY).

Investors sentiment decreased to 0.82 in 2017 Q3. Its down 0.12, from 0.94 in 2017Q2. It dropped, 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. Hap Trading Ltd Liability Corporation invested in 0.29% or 67,415 shares. Jefferies Gp Limited Liability Corp holds 0.04% or 68,727 shares. Flippin Bruce And Porter holds 2.19% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 109,236 shares. Moreover, Harbour Investment Mgmt Ltd Liability has 1.36% invested in The Procter & Gamble Company (NYSE:PG) for 21,357 shares. 210,005 were reported by Ycg Ltd. Invesco Limited has 12.52 million shares for 0.42% of their portfolio. Mechanics Commercial Bank Trust Department owns 41,289 shares. Wellcome Trust (The) As Trustee Of The Wellcome Trust invested in 3.63% or 2.50M shares. Rand Wealth Limited Liability Co reported 132,010 shares or 1.39% of all its holdings. Virginia-based Blue Edge Ltd has invested 0.28% in The Procter & Gamble Company (NYSE:PG). Moreover, Gilman Hill Asset Mgmt Llc has 0.37% invested in The Procter & Gamble Company (NYSE:PG). Ent Financial Services reported 11,767 shares. Violich Capital reported 0.28% of its portfolio in The Procter & Gamble Company (NYSE:PG). Nordea Invest Management Ab accumulated 1.10M shares. Westwood Holdings Group Inc stated it has 0.01% in The Procter & Gamble Company (NYSE:PG).

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Proctor & Gamble had 74 analyst reports since August 4, 2015 according to SRatingsIntel. Atlantic Securities initiated the shares of PG in report on Wednesday, January 6 with “Neutral” rating. The firm has “Buy” rating by Johnson Rice given on Friday, August 26. Jefferies maintained it with “Buy” rating and $9800 target in Monday, July 17 report. The firm earned “Buy” rating on Tuesday, October 17 by Jefferies. B. Riley & Co maintained The Procter & Gamble Company (NYSE:PG) rating on Wednesday, March 30. B. Riley & Co has “Neutral” rating and $74 target. As per Thursday, July 27, the company rating was maintained by Stifel Nicolaus. Morgan Stanley initiated The Procter & Gamble Company (NYSE:PG) rating on Tuesday, September 1. Morgan Stanley has “Equal Weight” rating and $78 target. Jefferies maintained The Procter & Gamble Company (NYSE:PG) rating on Monday, December 18. Jefferies has “Buy” rating and $99.0 target. The firm has “Buy” rating by Jefferies given on Thursday, July 27. The rating was maintained by UBS with “Neutral” on Monday, October 26.

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