Procter & Gamble Company (The) (PG) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC decreased its holdings in Procter & Gamble Company (The) (NYSE:PG) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,677 shares of the company’s stock after selling 748 shares during the period. Riverbridge Partners LLC’s holdings in Procter & Gamble Company (The) were worth $2,063,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Asset Planning Services Ltd. raised its stake in Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after buying an additional 526 shares during the period. Riggs Asset Managment Co. Inc. raised its stake in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after buying an additional 170 shares during the period. Edge Wealth Management LLC raised its stake in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after buying an additional 240 shares during the period. Feltz Wealth PLAN Inc. bought a new stake in Procter & Gamble Company (The) in the first quarter valued at approximately $184,000. Finally, Watermark Asset Management Inc. bought a new stake in Procter & Gamble Company (The) in the first quarter valued at approximately $201,000. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Procter & Gamble Company (PG) traded down 0.30% during trading on Friday, reaching $93.27. The company’s stock had a trading volume of 12,428,828 shares. The company has a market cap of $237.84 billion, a price-to-earnings ratio of 16.68 and a beta of 0.68. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $94.19. The stock’s 50 day moving average is $92.20 and its 200 day moving average is $89.60.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business had revenue of $16.08 billion for the quarter, compared to the consensus estimate of $16.01 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. Procter & Gamble Company (The)’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts expect that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

In other Procter & Gamble Company (The) news, SVP Valarie L. Sheppard sold 20,175 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,792 shares of company stock worth $4,216,070 in the last three months. Insiders own 0.35% of the company’s stock.

Several analysts have issued reports on the company. Macquarie assumed coverage on Procter & Gamble Company (The) in a research note on Thursday. They issued an “outperform” rating and a $102.00 price objective on the stock. Jefferies Group LLC restated a “buy” rating and issued a $92.44 price objective (down previously from $103.00) on shares of Procter & Gamble Company (The) in a research note on Thursday, August 17th. Vetr upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price objective on the stock in a research note on Friday. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $90.00 price objective (up previously from $87.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. Procter & Gamble Company (The) presently has an average rating of “Hold” and a consensus target price of $89.39.

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About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

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