Chickasaw Capital Management LLC Has $1.95 Million Stake in Procter & Gamble Co (PG)

Chickasaw Capital Management LLC decreased its position in Procter & Gamble Co (NYSE:PG) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,993 shares of the company’s stock after selling 1,080 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Procter & Gamble were worth $1,951,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HRT Financial LLC acquired a new position in Procter & Gamble during the 4th quarter worth about $914,000. IHT Wealth Management LLC lifted its position in Procter & Gamble by 6.1% during the 1st quarter. IHT Wealth Management LLC now owns 16,982 shares of the company’s stock valued at $1,314,000 after purchasing an additional 981 shares during the period. Park National Corp OH lifted its position in Procter & Gamble by 4.1% during the 2nd quarter. Park National Corp OH now owns 434,144 shares of the company’s stock valued at $33,889,000 after purchasing an additional 16,931 shares during the period. Garland Capital Management Inc. lifted its position in Procter & Gamble by 1.3% during the 2nd quarter. Garland Capital Management Inc. now owns 57,592 shares of the company’s stock valued at $4,495,000 after purchasing an additional 730 shares during the period. Finally, Guggenheim Capital LLC lifted its position in Procter & Gamble by 6.6% during the 1st quarter. Guggenheim Capital LLC now owns 1,345,045 shares of the company’s stock valued at $106,634,000 after purchasing an additional 83,772 shares during the period. 58.32% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Procter & Gamble from a “hold” rating to a “sell” rating in a research report on Monday, June 25th. Deutsche Bank upped their target price on shares of Procter & Gamble from $81.00 to $84.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Wells Fargo & Co restated a “hold” rating on shares of Procter & Gamble in a research report on Tuesday, July 31st. Citigroup cut their target price on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. Finally, Atlantic Securities assumed coverage on shares of Procter & Gamble in a research report on Thursday, September 20th. They set an “overweight” rating and a $94.00 target price on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $84.59.

Shares of NYSE:PG opened at $83.26 on Thursday. The company has a market capitalization of $212.44 billion, a P/E ratio of 19.73, a PEG ratio of 2.71 and a beta of 0.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.66 and a current ratio of 0.83. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $93.51.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.52 billion. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. Procter & Gamble’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. analysts forecast that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.

In related news, SVP Valarie L. Sheppard sold 27,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $80.66, for a total value of $2,177,820.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Carolyn M. Tastad sold 4,181 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total transaction of $349,197.12. The disclosure for this sale can be found here. Insiders sold a total of 147,186 shares of company stock worth $12,080,849 over the last quarter. 1.84% of the stock is currently owned by corporate insiders.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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