Procter & Gamble Co (NYSE:PG) Shares Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC raised its position in shares of Procter & Gamble Co (NYSE:PG) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,710 shares of the company’s stock after buying an additional 3,320 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Procter & Gamble were worth $6,218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PG. FMR LLC raised its stake in Procter & Gamble by 26.4% during the first quarter. FMR LLC now owns 35,400,538 shares of the company’s stock valued at $3,683,425,000 after buying an additional 7,389,251 shares in the last quarter. Vanguard Group Inc. raised its stake in Procter & Gamble by 1.8% during the second quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock valued at $23,954,054,000 after buying an additional 3,786,962 shares in the last quarter. AQR Capital Management LLC raised its stake in Procter & Gamble by 49.8% during the second quarter. AQR Capital Management LLC now owns 9,086,135 shares of the company’s stock valued at $996,295,000 after buying an additional 3,019,494 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in Procter & Gamble by 15,168.2% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,936,221 shares of the company’s stock valued at $269,897,000 after buying an additional 2,916,990 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Procter & Gamble by 1.5% during the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after buying an additional 2,470,382 shares in the last quarter. Hedge funds and other institutional investors own 65.63% of the company’s stock.

PG stock traded up $0.34 on Friday, reaching $122.24. The company’s stock had a trading volume of 8,157,058 shares, compared to its average volume of 6,166,676. Procter & Gamble Co has a 52 week low of $78.49 and a 52 week high of $123.43. The company has a market capitalization of $305.07 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 3.54 and a beta of 0.42. The firm has a fifty day moving average of $119.39 and a two-hundred day moving average of $110.29. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The business had revenue of $17.09 billion during the quarter, compared to analyst estimates of $16.86 billion. During the same period in the prior year, the company posted $0.94 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts expect that Procter & Gamble Co will post 4.84 EPS for the current fiscal year.

Several research firms have recently commented on PG. Credit Suisse Group upped their target price on Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Stifel Nicolaus set a $117.00 target price on Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. SunTrust Banks upped their target price on Procter & Gamble to $120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley set a $129.00 target price on Procter & Gamble and gave the company a “buy” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Procter & Gamble currently has an average rating of “Hold” and a consensus price target of $108.89.

In other Procter & Gamble news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $116.00, for a total transaction of $4,295,132.00. Following the completion of the transaction, the chief executive officer now directly owns 112,703 shares of the company’s stock, valued at approximately $13,073,548. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Valarie L. Sheppard sold 1,259 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total value of $151,533.24. Following the transaction, the vice president now directly owns 26,094 shares of the company’s stock, valued at $3,140,673.84. The disclosure for this sale can be found here. Insiders sold a total of 448,674 shares of company stock valued at $53,197,461 over the last three months. Corporate insiders own 1.75% of the company’s stock.

Procter & Gamble 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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