Balasa Dinverno & Foltz LLC Reduces Stake in Procter & Gamble Company (The) (PG)

Balasa Dinverno & Foltz LLC decreased its holdings in Procter & Gamble Company (The) (NYSE:PG) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,714 shares of the company’s stock after selling 62 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in Procter & Gamble Company (The) were worth $934,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Holderness Investments Co. grew its stake in shares of Procter & Gamble Company (The) by 78.2% in the 1st quarter. Holderness Investments Co. now owns 21,467 shares of the company’s stock valued at $1,929,000 after buying an additional 9,419 shares in the last quarter. Thomaspartners Inc. grew its stake in shares of Procter & Gamble Company (The) by 9.9% in the 1st quarter. Thomaspartners Inc. now owns 2,483,566 shares of the company’s stock valued at $223,148,000 after buying an additional 224,714 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Procter & Gamble Company (The) by 0.7% in the 2nd quarter. Whittier Trust Co. now owns 287,996 shares of the company’s stock valued at $25,099,000 after buying an additional 2,113 shares in the last quarter. Pensionfund Sabic bought a new stake in shares of Procter & Gamble Company (The) in the 2nd quarter valued at approximately $4,009,000. Finally, Koshinski Asset Management Inc. grew its stake in shares of Procter & Gamble Company (The) by 4.3% in the 2nd quarter. Koshinski Asset Management Inc. now owns 20,292 shares of the company’s stock valued at $1,768,000 after buying an additional 835 shares in the last quarter. Institutional investors own 59.30% of the company’s stock.

Several equities research analysts recently commented on PG shares. Capital One Financial Corporation cut Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $5.00 to $2.00 in a research note on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $80.00 target price on shares of Procter & Gamble Company (The) in a research report on Friday, June 30th. Vetr cut Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 target price for the company. in a research report on Monday, July 3rd. Zacks Investment Research cut Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, BidaskClub cut Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. Procter & Gamble Company (The) presently has a consensus rating of “Hold” and a consensus price target of $90.00.

Procter & Gamble Company (PG) opened at 92.33 on Friday. The firm has a market capitalization of $235.44 billion, a price-to-earnings ratio of 16.51 and a beta of 0.67. The firm’s 50-day moving average price is $92.61 and its 200 day moving average price is $89.75. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $94.67.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. Procter & Gamble Company (The)’s revenue was down .1% on a year-over-year basis. On average, analysts predict that Procter & Gamble Company will post $4.17 EPS for the current year.

In other news, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the transaction, the chief executive officer now owns 134,884 shares of the company’s stock, valued at approximately $12,414,723.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Valarie L. Sheppard sold 20,175 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total value of $1,869,213.75. The disclosure for this sale can be found here. Insiders have sold a total of 45,792 shares of company stock valued at $4,216,070 in the last three months. 0.35% of the stock is owned by insiders.

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Procter & Gamble Company (The) Company Profile

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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