Leavell Investment Management Inc. Has $6.91 Million Holdings in Procter & Gamble Company (The) (PG)

Leavell Investment Management Inc. trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 79,338 shares of the company’s stock after selling 1,551 shares during the quarter. Procter & Gamble Company (The) comprises about 0.9% of Leavell Investment Management Inc.’s investment portfolio, making the stock its 24th largest holding. Leavell Investment Management Inc.’s holdings in Procter & Gamble Company (The) were worth $6,914,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. RB Capital Management LLC raised its position in shares of Procter & Gamble Company (The) by 0.3% in the 1st quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after purchasing an additional 20 shares during the last quarter. Cottage Street Advisors LLC raised its position in shares of Procter & Gamble Company (The) by 0.4% in the 1st quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock valued at $615,000 after purchasing an additional 25 shares during the last quarter. American Economic Planning Group Inc. ADV raised its position in shares of Procter & Gamble Company (The) by 0.3% in the 1st quarter. American Economic Planning Group Inc. ADV now owns 10,827 shares of the company’s stock valued at $973,000 after purchasing an additional 33 shares during the last quarter. Highwater Wealth Management LLC raised its position in shares of Procter & Gamble Company (The) by 1.2% in the 1st quarter. Highwater Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $293,000 after purchasing an additional 39 shares during the last quarter. Finally, Harvest Capital Management Inc raised its position in shares of Procter & Gamble Company (The) by 1.1% in the 1st quarter. Harvest Capital Management Inc now owns 4,033 shares of the company’s stock valued at $362,000 after purchasing an additional 45 shares during the last quarter. 59.30% of the stock is owned by institutional investors and hedge funds.

Shares of Procter & Gamble Company (NYSE:PG) traded up 0.33% during midday trading on Friday, hitting $92.33. 5,241,920 shares of the stock were exchanged. The company has a market cap of $235.44 billion, a price-to-earnings ratio of 16.51 and a beta of 0.67. Procter & Gamble Company has a one year low of $81.18 and a one year high of $94.67. The firm has a 50 day moving average of $92.61 and a 200-day moving average of $89.75.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts expect that Procter & Gamble Company will post $4.17 EPS for the current year.

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In other Procter & Gamble Company (The) news, SVP Valarie L. Sheppard sold 20,175 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. Insiders have sold 45,792 shares of company stock valued at $4,216,070 in the last 90 days. Company insiders own 0.35% of the company’s stock.

Several brokerages recently commented on PG. Capital One Financial Corporation lowered shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $92.44 price objective (down from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday, August 17th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a research report on Friday, June 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $100.00 price objective (up from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Finally, BidaskClub raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. Procter & Gamble Company (The) has an average rating of “Hold” and an average target price of $90.00.

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.

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

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