Procter & Gamble (PG) Stock Price Declined While Founders Capital Management Has Cut Stake by $482,328; Buckhead Capital Management Continues to Hold Stake in Brown & Brown (BRO)

August 12, 2018 - By Margaret Guttierez

Brown & Brown, Inc. (NYSE:BRO) Logo

Buckhead Capital Management Llc increased its stake in Brown & Brown Inc (BRO) by 100% based on its latest 2018Q1 regulatory filing with the SEC. Buckhead Capital Management Llc bought 53,935 shares as the company’s stock rose 4.20% while stock markets declined. The hedge fund held 107,870 shares of the finance company at the end of 2018Q1, valued at $2.74 million, up from 53,935 at the end of the previous reported quarter. Buckhead Capital Management Llc who had been investing in Brown & Brown Inc for a number of months, seems to be bullish on the $8.19 billion market cap company. The stock decreased 0.24% or $0.07 during the last trading session, reaching $29.65. About 509,711 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 29.47% since August 12, 2017 and is uptrending. It has outperformed by 16.90% the S&P500.

Founders Capital Management Llc decreased its stake in Procter & Gamble (PG) by 40.94% based on its latest 2018Q1 regulatory filing with the SEC. Founders Capital Management Llc sold 6,264 shares as the company’s stock declined 8.97% with the market. The institutional investor held 9,037 shares of the package goods and cosmetics company at the end of 2018Q1, valued at $699,000, down from 15,301 at the end of the previous reported quarter. Founders Capital Management Llc who had been investing in Procter & Gamble for a number of months, seems to be less bullish one the $203.42B market cap company. The stock increased 0.04% or $0.03 during the last trading session, reaching $81.43. About 5.57M shares traded. The Procter & Gamble Company (NYSE:PG) has declined 14.45% since August 12, 2017 and is downtrending. It has underperformed by 27.02% the S&P500.

More important recent Brown & Brown, Inc. (NYSE:BRO) news were published by: Nasdaq.com which released: “Brown & Brown, Inc. Announces Quarterly Revenues of $473.1 Million, an Increase of 1.5%; and Diluted Net Income …” on July 23, 2018, also Streetinsider.com published article titled: “Brown & Brown (BRO) to Acquire Professional Disability Associates, LLC”, Seekingalpha.com published: “Brown & Brown Insurance (BRO) CEO Powell Brown on Q2 2018 Results – Earnings Call Transcript” on July 25, 2018. More interesting news about Brown & Brown, Inc. (NYSE:BRO) was released by: Globenewswire.com and their article: “Brown & Brown, Inc. to Host Investor Day” with publication date: August 06, 2018.

Since March 13, 2018, it had 0 insider buys, and 1 insider sale for $7.40 million activity.

Buckhead Capital Management Llc, which manages about $1.27B and $452.80M US Long portfolio, decreased its stake in Target Corp (NYSE:TGT) by 11,105 shares to 57,563 shares, valued at $4.00M in 2018Q1, according to the filing. It also reduced its holding in Anthem Inc (NYSE:ANTM) by 2,055 shares in the quarter, leaving it with 10,139 shares, and cut its stake in Coca Cola Co (NYSE:KO).

Investors sentiment increased to 7.35 in 2018 Q1. Its up 6.37, from 0.98 in 2017Q4. It increased, as 13 investors sold BRO shares while 18 reduced holdings. 50 funds opened positions while 178 raised stakes. 384.28 million shares or 295.49% more from 97.17 million shares in 2017Q4 were reported. Pictet Asset Mngmt reported 48,000 shares. Liberty Mutual Grp Asset invested in 45,576 shares. Millennium Mngmt Limited Liability Com has invested 0.03% in Brown & Brown, Inc. (NYSE:BRO). Dupont holds 29,478 shares. Massachusetts-based Wellington Management Grp Ltd Liability Partnership has invested 0% in Brown & Brown, Inc. (NYSE:BRO). Cubist Systematic Strategies Ltd Com owns 22,550 shares. Mutual Of America Cap Management Limited Liability Corporation owns 198,404 shares. 210 were accumulated by Signaturefd Limited Co. Natixis Advisors LP holds 0.05% of its portfolio in Brown & Brown, Inc. (NYSE:BRO) for 213,615 shares. Legal & General Gru Public Limited Company holds 0.02% or 1.10 million shares. Nomura Inc reported 80,000 shares. Dimensional Fund Limited Partnership holds 2.06M shares or 0.02% of its portfolio. Tci Wealth Advisors Incorporated owns 388 shares. Keybank Association Oh holds 70,930 shares or 0.01% of its portfolio. Centaur Prns Limited Partnership has 165,000 shares for 6.32% of their portfolio.

Among 17 analysts covering Brown & Brown (NYSE:BRO), 3 have Buy rating, 3 Sell and 11 Hold. Therefore 18% are positive. Brown & Brown had 60 analyst reports since August 24, 2015 according to SRatingsIntel. On Tuesday, February 16 the stock rating was initiated by Citigroup with “Neutral”. The company was maintained on Wednesday, January 27 by RBC Capital Markets. As per Monday, April 2, the company rating was maintained by Barclays Capital. The company was maintained on Friday, October 13 by SunTrust. Compass Point maintained it with “Neutral” rating and $37 target in Wednesday, July 20 report. Keefe Bruyette & Woods maintained Brown & Brown, Inc. (NYSE:BRO) rating on Wednesday, January 13. Keefe Bruyette & Woods has “Market Perform” rating and $33 target. As per Tuesday, April 24, the company rating was maintained by SunTrust. The company was maintained on Tuesday, July 19 by Barclays Capital. Wells Fargo maintained the shares of BRO in report on Tuesday, August 15 with “Hold” rating. The rating was maintained by Compass Point with “Neutral” on Wednesday, January 27.

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.11, from 0.89 in 2017Q4. It fall, as 71 investors sold PG shares while 786 reduced holdings. 112 funds opened positions while 556 raised stakes. 1.51 billion shares or 2.21% more from 1.47 billion shares in 2017Q4 were reported. Old Mutual Customised Solutions (Proprietary) Limited owns 156,684 shares. Nuveen Asset Mgmt Limited Company invested in 0.14% or 273,202 shares. Baldwin Inv Ltd accumulated 3,390 shares. Shufro Rose And Ltd Llc holds 2,830 shares. Cypress Asset Mgmt Tx reported 62,621 shares. Advisers Ltd Liability Co reported 0.41% stake. Moreover, Sawgrass Asset Mngmt Lc has 0.04% invested in The Procter & Gamble Company (NYSE:PG) for 10,451 shares. Ohio-based Van Cleef Asset Managementinc has invested 0.58% in The Procter & Gamble Company (NYSE:PG). Fort Point Prtnrs Llc reported 0.13% stake. Cadinha & Ltd Company invested in 0.2% or 12,197 shares. Sunbelt reported 11,768 shares or 0.85% of all its holdings. Moreover, State Of Alaska Department Of Revenue has 0.89% invested in The Procter & Gamble Company (NYSE:PG) for 542,278 shares. Invest Counselors Of Maryland Ltd Liability Com holds 0% or 166 shares. State Street Corp stated it has 0.74% of its portfolio in The Procter & Gamble Company (NYSE:PG). Security Bancorp Of So Dak accumulated 3,581 shares or 0.33% of the stock.

Among 25 analysts covering Proctor & Gamble (NYSE:PG), 8 have Buy rating, 1 Sell and 16 Hold. Therefore 32% are positive. Proctor & Gamble had 95 analyst reports since August 4, 2015 according to SRatingsIntel. Goldman Sachs downgraded the shares of PG in report on Monday, January 9 to “Sell” rating. The stock of The Procter & Gamble Company (NYSE:PG) earned “Hold” rating by RBC Capital Markets on Friday, November 10. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, January 24. The stock of The Procter & Gamble Company (NYSE:PG) earned “Buy” rating by Citigroup on Thursday, August 4. The rating was maintained by Stifel Nicolaus on Thursday, July 27 with “Hold”. The stock of The Procter & Gamble Company (NYSE:PG) earned “Hold” rating by Goldman Sachs on Tuesday, January 16. As per Thursday, April 5, the company rating was maintained by Morgan Stanley. The stock has “Buy” rating by Citigroup on Friday, July 20. The firm earned “Neutral” rating on Wednesday, January 27 by UBS. The firm has “Hold” rating given on Thursday, December 22 by SunTrust.

Since February 15, 2018, it had 0 insider purchases, and 10 sales for $8.44 million activity. $739,189 worth of stock was sold by Posada Juan Fernando on Thursday, February 15. On Tuesday, May 15 the insider Giovanni Ciserani sold $931,536. On Thursday, February 15 Pritchard Marc S. sold $668,179 worth of The Procter & Gamble Company (NYSE:PG) or 8,502 shares. On Thursday, February 15 the insider Schomburger Jeffrey K sold $3.07 million. On Wednesday, May 2 Bishop Steven D sold $149,130 worth of The Procter & Gamble Company (NYSE:PG) or 2,075 shares. Coombe Gary A also sold $113,533 worth of The Procter & Gamble Company (NYSE:PG) shares.

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on October, 19. They expect $1.10 earnings per share, up 0.92% or $0.01 from last year’s $1.09 per share. PG’s profit will be $2.75B for 18.51 P/E if the $1.10 EPS becomes a reality. After $0.94 actual earnings per share reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts 17.02% EPS growth.

More notable recent The Procter & Gamble Company (NYSE:PG) news were published by: 247Wallst.com which released: “Procter & Gamble Returns as Dow’s Poorest Performing Stock” on July 21, 2018, also Bizjournals.com with their article: “P&G trims workforce, plans more cuts” published on August 08, 2018, Fool.com published: “Better Buy: Procter & Gamble Company vs. Philip Morris” on August 05, 2018. More interesting news about The Procter & Gamble Company (NYSE:PG) were released by: 247Wallst.com and their article: “Procter & Gamble Trades Higher but Remains Dow’s Laggard” published on July 28, 2018 as well as 247Wallst.com‘s news article titled: “3M Once More Dow’s Poorest Performing Stock” with publication date: August 11, 2018.

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

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