Cornerstone Advisors Has Decreased Kayne Anderson Mlp Invt Co (KYN) Position by $361,980 as Shares Declined; Farr Miller & Washington Stake in Procter & Gamble Co (PG) Has Lowered as Market Value Declined

January 17, 2018 - By Stephen Andrade

Cornerstone Advisors Inc decreased its stake in Kayne Anderson Mlp Invt Co (KYN) by 49.76% based on its latest 2017Q3 regulatory filing with the SEC. Cornerstone Advisors Inc sold 20,110 shares as the company’s stock declined 10.33% while stock markets rallied. The institutional investor held 20,302 shares of the company at the end of 2017Q3, valued at $369,000, down from 40,412 at the end of the previous reported quarter. Cornerstone Advisors Inc who had been investing in Kayne Anderson Mlp Invt Co for a number of months, seems to be less bullish one the $2.26 billion market cap company. The stock decreased 0.17% or $0.03 during the last trading session, reaching $19.74. About 35,065 shares traded. Kayne Anderson MLP Investment Company (NYSE:KYN) has risen 3.10% since January 17, 2017 and is uptrending. It has underperformed by 13.60% the S&P500.

Farr Miller & Washington Llc decreased its stake in Procter & Gamble Co (PG) by 0.9% based on its latest 2017Q3 regulatory filing with the SEC. Farr Miller & Washington Llc sold 3,819 shares as the company’s stock declined 5.32% while stock markets rallied. The institutional investor held 420,920 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $38.30M, down from 424,739 at the end of the previous reported quarter. Farr Miller & Washington Llc who had been investing in Procter & Gamble Co for a number of months, seems to be less bullish one the $229.75 billion market cap company. The stock increased 0.38% or $0.34 during the last trading session, reaching $90.56. About 945,261 shares traded. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since January 17, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Since August 15, 2017, it had 0 insider purchases, and 19 sales for $6.75 million activity. $244,828 worth of stock was sold by Biegger Mark F on Tuesday, August 15. 20,175 shares were sold by Sheppard Valarie L, worth $1.87M. Moeller Jon R had sold 6,063 shares worth $558,042 on Tuesday, August 15. The insider Skoufalos Ioannis sold 2,893 shares worth $266,273. 1,718 shares were sold by TASTAD CAROLYN M, worth $158,126. Majoras Deborah P also sold $231,206 worth of The Procter & Gamble Company (NYSE:PG) on Tuesday, August 15.

Analysts await The Procter & Gamble Company (NYSE:PG) to report earnings on January, 19. They expect $1.14 earnings per share, up 5.56% or $0.06 from last year’s $1.08 per share. PG’s profit will be $2.89 billion for 19.86 P/E if the $1.14 EPS becomes a reality. After $1.09 actual earnings per share reported by The Procter & Gamble Company for the previous quarter, Wall Street now forecasts 4.59% EPS growth.

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. The rating was maintained by Pritchard Capital on Wednesday, August 19 with “Sell”. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, September 5. The firm has “Hold” rating by Goldman Sachs given on Tuesday, January 16. The stock of The Procter & Gamble Company (NYSE:PG) has “Hold” rating given on Wednesday, December 21 by Stifel Nicolaus. The stock of The Procter & Gamble Company (NYSE:PG) earned “Buy” rating by SunTrust on Tuesday, September 8. The company was downgraded on Monday, January 9 by Goldman Sachs. The company was upgraded on Monday, August 15 by B. Riley & Co. On Thursday, December 22 the stock rating was downgraded by SunTrust to “Hold”. The rating was maintained by RBC Capital Markets on Friday, November 10 with “Hold”. UBS maintained The Procter & Gamble Company (NYSE:PG) rating on Monday, October 26. UBS has “Neutral” rating and $81 target.

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. Sheets Smith Wealth Mngmt has invested 0.1% in The Procter & Gamble Company (NYSE:PG). Rmb Cap Mgmt Ltd Company reported 12,071 shares. Moreover, Yhb Incorporated has 1.12% invested in The Procter & Gamble Company (NYSE:PG) for 68,942 shares. Davis holds 3,815 shares. Ronna Sue Cohen invested in 30,564 shares. Ifc Hldg Fl stated it has 22,296 shares or 0.14% of all its holdings. Gilman Hill Asset Mgmt Ltd Liability holds 0.37% or 10,041 shares in its portfolio. Driehaus Cap Mngmt Ltd Com reported 4,402 shares. Natixis has invested 0.07% in The Procter & Gamble Company (NYSE:PG). Cypress Capital Grp Inc stated it has 0.88% of its portfolio in The Procter & Gamble Company (NYSE:PG). Glenview Financial Bank Dept invested 3.49% in The Procter & Gamble Company (NYSE:PG). Benin Mngmt Corporation owns 26,277 shares. Montecito National Bank & Trust owns 15,832 shares. Usca Ria Limited Liability Corporation, a Texas-based fund reported 46,420 shares. Steinberg Global Asset Mgmt has 0.36% invested in The Procter & Gamble Company (NYSE:PG).

Farr Miller & Washington Llc, which manages about $1.04B and $1.05B US Long portfolio, upped its stake in United Technologies Corp (NYSE:UTX) by 4,175 shares to 217,858 shares, valued at $25.29 million in 2017Q3, according to the filing. It also increased its holding in Schlumberger Ltd (NYSE:SLB) by 6,420 shares in the quarter, for a total of 291,184 shares, and has risen its stake in Cvs Health Corp (NYSE:CVS).

Investors sentiment decreased to 0.67 in 2017 Q3. Its down 0.33, from 1 in 2017Q2. It fall, as 11 investors sold KYN shares while 47 reduced holdings. 11 funds opened positions while 28 raised stakes. 23.52 million shares or 0.19% less from 23.57 million shares in 2017Q2 were reported. invested in 0.01% or 886 shares. Sit Investment Inc holds 0.43% of its portfolio in Kayne Anderson MLP Investment Company (NYSE:KYN) for 954,236 shares. Arete Wealth Advisors Ltd holds 10,038 shares or 0.07% of its portfolio. 12,900 were accumulated by Citigroup Inc. First Foundation Advisors has 22,774 shares for 0.02% of their portfolio. Bb&T Secs Limited Liability holds 161,030 shares. Segment Wealth Mgmt Ltd stated it has 0.42% of its portfolio in Kayne Anderson MLP Investment Company (NYSE:KYN). Kayne Anderson Rudnick Inv Mngmt Ltd holds 0.12% or 716,766 shares in its portfolio. Lakeview Capital invested in 23,931 shares or 0.35% of the stock. Covington Mngmt holds 0% or 2,500 shares in its portfolio. Guggenheim accumulated 264,684 shares or 0.01% of the stock. Natl Bank Of Ny Mellon Corp invested 0% in Kayne Anderson MLP Investment Company (NYSE:KYN). Financial Bank Of America Corporation De stated it has 0.02% of its portfolio in Kayne Anderson MLP Investment Company (NYSE:KYN). Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma invested in 895 shares. North Star Inv Management holds 0% or 1,200 shares.

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