Procter & Gamble (PG) Market Value Declined While Mai Wealth Advisors Lowered Its Position by $1.02 Million; As Allstate (ALL) Stock Price Rose, Loeb Partners Has Lifted Its Stake

February 22, 2018 - By Adrian Erickson

Loeb Partners Corporation increased its stake in Allstate Corp (ALL) by 15.77% based on its latest 2017Q3 regulatory filing with the SEC. Loeb Partners Corporation bought 15,300 shares as the company’s stock rose 4.59% with the market. The institutional investor held 112,300 shares of the property-casualty insurers company at the end of 2017Q3, valued at $10.32 million, up from 97,000 at the end of the previous reported quarter. Loeb Partners Corporation who had been investing in Allstate Corp for a number of months, seems to be bullish on the $32.98 billion market cap company. The stock decreased 0.55% or $0.51 during the last trading session, reaching $92.9. About 1.63M shares traded. The Allstate Corporation (NYSE:ALL) has risen 25.87% since February 22, 2017 and is uptrending. It has outperformed by 9.17% the S&P500.

Mai Wealth Advisors decreased its stake in Procter & Gamble (PG) by 14.14% based on its latest 2017Q3 regulatory filing with the SEC. Mai Wealth Advisors sold 11,324 shares as the company’s stock declined 5.32% while stock markets rallied. The hedge fund held 68,749 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $6.26 million, down from 80,073 at the end of the previous reported quarter. Mai Wealth Advisors who had been investing in Procter & Gamble for a number of months, seems to be less bullish one the $203.85 billion market cap company. The stock increased 0.77% or $0.62 during the last trading session, reaching $80.86. About 7.13M shares traded. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since February 22, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Loeb Partners Corporation, which manages about $405.10 million and $327.19M US Long portfolio, decreased its stake in Jpmorgan Chase & Co (NYSE:JPM) by 18,400 shares to 77,100 shares, valued at $7.36 million in 2017Q3, according to the filing. It also reduced its holding in Alps Etf Tr (AMLP) by 119,400 shares in the quarter, leaving it with 388,500 shares, and cut its stake in Vornado Rlty Tr (NYSE:VNO).

Among 22 analysts covering The Allstate Corporation (NYSE:ALL), 8 have Buy rating, 2 Sell and 12 Hold. Therefore 36% are positive. The Allstate Corporation had 52 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of The Allstate Corporation (NYSE:ALL) has “Buy” rating given on Thursday, August 17 by Wells Fargo. The company was maintained on Monday, April 3 by FBR Capital. Wells Fargo downgraded The Allstate Corporation (NYSE:ALL) on Tuesday, January 9 to “Market Perform” rating. Keefe Bruyette & Woods maintained the stock with “Sell” rating in Wednesday, February 14 report. Barclays Capital maintained the stock with “Overweight” rating in Friday, August 11 report. The company was maintained on Thursday, August 3 by M Partners. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, June 13. The firm has “Neutral” rating by Credit Suisse given on Friday, January 6. The rating was initiated by Buckingham Research with “Sell” on Monday, September 11. Compass Point maintained the shares of ALL in report on Wednesday, August 5 with “Neutral” rating.

Investors sentiment increased to 0.91 in Q3 2017. Its up 0.15, from 0.76 in 2017Q2. It increased, as 44 investors sold ALL shares while 300 reduced holdings. 92 funds opened positions while 221 raised stakes. 263.23 million shares or 1.26% less from 266.58 million shares in 2017Q2 were reported. Loomis Sayles And Ltd Partnership invested in 189,427 shares. Howe Rusling Incorporated, New York-based fund reported 101 shares. Hawaii-based Commercial Bank Of Hawaii has invested 0.2% in The Allstate Corporation (NYSE:ALL). 8,285 were reported by Dean Inv Ltd Liability Corp. Profund Advsr Ltd Liability Corp has invested 0.03% in The Allstate Corporation (NYSE:ALL). Cape Cod Five Cents Natl Bank accumulated 3,996 shares. Rr Prtn LP holds 9.1% of its portfolio in The Allstate Corporation (NYSE:ALL) for 1.45 million shares. Carret Asset Ltd Com stated it has 61,787 shares or 0.92% of all its holdings. Alphaone Investment Svcs Lc reported 0.02% in The Allstate Corporation (NYSE:ALL). National Pension Service reported 335,844 shares stake. Ngam Limited Partnership stated it has 0.09% of its portfolio in The Allstate Corporation (NYSE:ALL). Rmb Mgmt accumulated 17,778 shares. Cibc Inc has invested 0.01% in The Allstate Corporation (NYSE:ALL). Ny State Teachers Retirement System accumulated 0.15% or 643,389 shares. Parametric Portfolio Assoc Limited Liability Company owns 1.48M shares.

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Proctor & Gamble had 77 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained the shares of PG in report on Thursday, January 4 with “Buy” rating. On Wednesday, January 6 the stock rating was initiated by Atlantic Securities with “Neutral”. On Friday, July 31 the stock rating was maintained by Deutsche Bank with “Buy”. Citigroup maintained The Procter & Gamble Company (NYSE:PG) rating on Thursday, August 4. Citigroup has “Buy” rating and $98 target. The firm earned “Hold” rating on Friday, October 6 by RBC Capital Markets. The firm has “Sell” rating given on Monday, January 9 by Goldman Sachs. The rating was downgraded by Vetr to “Strong-Buy” on Friday, August 7. The firm earned “Buy” rating on Tuesday, September 8 by Suntrust Robinson. As per Tuesday, October 3, the company rating was maintained by Jefferies. The company was downgraded on Thursday, July 30 by Credit Suisse.

Investors sentiment decreased to 0.82 in Q3 2017. 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. Moreover, Rwc Asset Management Limited Liability Partnership has 1.57% invested in The Procter & Gamble Company (NYSE:PG). Ray Gerald L Associates Limited has 1.07% invested in The Procter & Gamble Company (NYSE:PG). Willingdon Wealth holds 160 shares. Reynders Mcveigh Capital Management Ltd Llc reported 4.26% in The Procter & Gamble Company (NYSE:PG). Echo Street Cap Lc stated it has 0.01% of its portfolio in The Procter & Gamble Company (NYSE:PG). Morgan Stanley invested 0.42% in The Procter & Gamble Company (NYSE:PG). Coldstream Management holds 40,565 shares or 0.43% of its portfolio. 78,481 were accumulated by First Allied Advisory. Birmingham Cap Management Al, a Alabama-based fund reported 75,754 shares. Mondrian Invest Prtnrs owns 1.02% invested in The Procter & Gamble Company (NYSE:PG) for 440,480 shares. Perigon Wealth Mgmt Lc holds 3,307 shares or 0.1% of its portfolio. The Alabama-based Associated Banc has invested 1.42% in The Procter & Gamble Company (NYSE:PG). Jpmorgan Chase And Com reported 9.94M shares. Cubic Asset Lc stated it has 0.3% in The Procter & Gamble Company (NYSE:PG). Bainco Investors owns 66,525 shares or 0.72% of their US portfolio.

Since September 30, 2017, it had 0 insider buys, and 4 insider sales for $3.96 million activity. The insider Majoras Deborah P sold $401,642. Posada Juan Fernando sold $739,189 worth of The Procter & Gamble Company (NYSE:PG) on Thursday, February 15.

Mai Wealth Advisors, which manages about $3.54B and $1.65 billion US Long portfolio, upped its stake in Ishares S&P Small Cap Index (IJR) by 14,662 shares to 260,890 shares, valued at $19.36 million in 2017Q3, according to the filing. It also increased its holding in Spdr S&P 500 Etf (SPY) by 1,887 shares in the quarter, for a total of 426,915 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

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