Beck Mack & Oliver Raised Procter & Gamble (PG) Position By $546,210; Last Week Westlake Chemical (WLK) Analysts

January 6, 2018 - By Clifton Ray

Beck Mack & Oliver Llc increased Procter & Gamble (PG) stake by 6.07% reported in 2017Q3 SEC filing. Beck Mack & Oliver Llc acquired 6,069 shares as Procter & Gamble (PG)’s stock declined 5.32%. The Beck Mack & Oliver Llc holds 106,061 shares with $9.65M value, up from 99,992 last quarter. Procter & Gamble now has $231.47 billion valuation. The stock increased 0.07% or $0.06 during the last trading session, reaching $91.24. About 5.95M shares traded. The Procter & Gamble Company (NYSE:PG) has risen 7.54% since January 6, 2017 and is uptrending. It has underperformed by 9.16% the S&P500.

Among 17 analysts covering Westlake Chemical (NYSE:WLK), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Westlake Chemical had 47 analyst reports since July 24, 2015 according to SRatingsIntel. On Thursday, November 9 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was downgraded by Goldman Sachs on Monday, August 10 to “Neutral”. The stock of Westlake Chemical Corporation (NYSE:WLK) earned “Buy” rating by Citigroup on Thursday, February 9. The firm has “Buy” rating given on Thursday, August 3 by Alembic. The firm has “Buy” rating given on Tuesday, October 3 by Cowen & Co. The company was maintained on Wednesday, November 8 by Bank of America. The stock has “Outperform” rating by Cowen & Co on Thursday, September 1. Deutsche Bank maintained the shares of WLK in report on Thursday, September 17 with “Hold” rating. Cowen & Co maintained Westlake Chemical Corporation (NYSE:WLK) on Monday, June 13 with “Outperform” rating. The firm has “Buy” rating given on Tuesday, October 24 by Citigroup. See Westlake Chemical Corporation (NYSE:WLK) latest ratings:

03/01/2018 Broker: Vertical Research Rating: Hold Downgrade
13/12/2017 Broker: RBC Capital Markets Rating: Buy New Target: $120.0 Maintain
13/12/2017 Broker: Deutsche Bank Rating: Buy New Target: $115.0
07/12/2017 Broker: Wells Fargo Rating: Buy New Target: $112.0 Maintain
24/11/2017 Broker: J.P. Morgan Rating: Buy New Target: $104.0
17/11/2017 Broker: Cowen & Co Rating: Buy New Target: $100.0 Maintain
09/11/2017 Broker: RBC Capital Markets Rating: Buy New Target: $114.0 Maintain
08/11/2017 Broker: UBS Rating: Sell Old Target: $61 New Target: $61 Maintain
08/11/2017 Broker: Bank of America Rating: Neutral Old Target: $88 New Target: $94 Maintain
08/11/2017 Broker: Nomura Rating: Buy Old Target: $98 New Target: $108 Maintain

Beck Mack & Oliver Llc decreased Fluor Corp (NYSE:FLR) stake by 289,876 shares to 293,240 valued at $12.35 million in 2017Q3. It also reduced Union Pac Corp (NYSE:UNP) stake by 4,575 shares and now owns 309,497 shares. The Travelers Companies Inc (NYSE:TRV) was reduced too.

Since August 15, 2017, it had 0 insider purchases, and 19 sales for $6.75 million activity. On Tuesday, August 15 Pierce Charles E sold $323,891 worth of The Procter & Gamble Company (NYSE:PG) or 3,519 shares. Shares for $144,688 were sold by Fish Kathleen B. 3,490 shares were sold by FergusonMchugh MaryLynn, worth $321,221 on Tuesday, August 15. Schomburger Jeffrey K had sold 2,170 shares worth $199,728. Pritchard Marc S. had sold 3,684 shares worth $339,077 on Tuesday, August 15. The insider Matthew Price sold 1,257 shares worth $115,695. Giovanni Ciserani sold $422,374 worth of stock.

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 1 Sell and 11 Hold. Therefore 50% are positive. Proctor & Gamble had 73 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of The Procter & Gamble Company (NYSE:PG) has “Buy” rating given on Monday, December 18 by Jefferies. The stock of The Procter & Gamble Company (NYSE:PG) earned “Sell” rating by Goldman Sachs on Monday, January 9. The stock of The Procter & Gamble Company (NYSE:PG) has “Neutral” rating given on Wednesday, January 6 by Atlantic Securities. The firm has “Buy” rating given on Thursday, July 14 by UBS. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, October 27. Pritchard Capital maintained The Procter & Gamble Company (NYSE:PG) on Wednesday, August 19 with “Sell” rating. The firm has “Buy” rating given on Friday, July 31 by Deutsche Bank. The company was upgraded on Tuesday, January 19 by Stifel Nicolaus. Barclays Capital maintained The Procter & Gamble Company (NYSE:PG) rating on Thursday, October 29. Barclays Capital has “Overweight” rating and $61.0 target. Jefferies maintained The Procter & Gamble Company (NYSE:PG) rating on Monday, July 17. Jefferies has “Buy” rating and $9800 target.

Investors sentiment decreased to 0.82 in Q3 2017. 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. Cypress Cap Mgmt Ltd Liability Corp (Wy) stated it has 0.2% of its portfolio in The Procter & Gamble Company (NYSE:PG). Commonwealth Of Pennsylvania School Empls Retrmt accumulated 207,384 shares. Lenox Wealth Advisors stated it has 674 shares or 0.02% of all its holdings. Sage Fincl Gru invested 0.02% of its portfolio in The Procter & Gamble Company (NYSE:PG). 17,555 were accumulated by Autus Asset Mgmt. Ballentine Partners invested 0.09% in The Procter & Gamble Company (NYSE:PG). Mairs And Pwr Incorporated owns 338,829 shares. Stonebridge Cap Advsr Limited Liability Corp has 2.58% invested in The Procter & Gamble Company (NYSE:PG) for 115,411 shares. Proffitt And Goodson holds 0.54% or 13,454 shares. Retail Bank Of Nova Scotia has 514,701 shares for 0.27% of their portfolio. Garrison Fincl Corp holds 1.83% or 35,822 shares in its portfolio. Evanson Asset Mngmt reported 0.15% stake. Fayez Sarofim And has invested 2.45% in The Procter & Gamble Company (NYSE:PG). Plante Moran Fincl Advsr Limited holds 0.86% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 15,886 shares. 4.29 million were reported by Rhumbline Advisers.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. The company has market cap of $14.30 billion. It operates through two divisions, Olefins and Vinyls. It has a 23.98 P/E ratio. The Olefins segment offers ethylene, polyethylene, styrene monomer, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen.

Since August 15, 2017, it had 0 insider buys, and 1 sale for $968,620 activity. Bender Mark Steven also sold $968,620 worth of Westlake Chemical Corporation (NYSE:WLK) shares.