Whittier Trust Co. of Nevada Inc. lowered its holdings in Procter & Gamble Co (NYSE:PG) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,314 shares of the company’s stock after selling 2,098 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Procter & Gamble were worth $9,079,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Procter & Gamble by 63.1% in the 1st quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock valued at $883,964,000 after buying an additional 4,315,180 shares in the last quarter. BlackRock Inc. increased its position in Procter & Gamble by 1.9% during the 1st quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock worth $12,890,867,000 after purchasing an additional 2,961,408 shares in the last quarter. American Century Companies Inc. increased its position in Procter & Gamble by 17.9% during the 1st quarter. American Century Companies Inc. now owns 13,922,673 shares of the company’s stock worth $1,103,790,000 after purchasing an additional 2,115,777 shares in the last quarter. Unigestion Holding SA acquired a new position in Procter & Gamble during the 2nd quarter worth approximately $112,171,000. Finally, Schroder Investment Management Group increased its position in Procter & Gamble by 31.6% during the 1st quarter. Schroder Investment Management Group now owns 4,928,265 shares of the company’s stock worth $390,712,000 after purchasing an additional 1,184,004 shares in the last quarter. 58.36% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE PG opened at $82.15 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $93.51. The company has a market capitalization of $209.82 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 2.68 and a beta of 0.59.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.04. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The firm had revenue of $16.50 billion during the quarter, compared to analysts’ expectations of $16.52 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 2.6% on a year-over-year basis. As a group, research analysts expect that Procter & Gamble Co will post 4.42 earnings per share for the current year.
In other news, SVP Valarie L. Sheppard sold 27,000 shares of the company’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kathleen B. Fish sold 10,342 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $83.20, for a total transaction of $860,454.40. Following the completion of the sale, the insider now directly owns 16,382 shares in the company, valued at $1,362,982.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,186 shares of company stock worth $12,080,849. Insiders own 1.84% of the company’s stock.
PG has been the subject of a number of research analyst reports. Morgan Stanley reiterated a “hold” rating on shares of Procter & Gamble in a research report on Monday, June 11th. Atlantic Securities started coverage on shares of Procter & Gamble in a research report on Thursday, September 20th. They issued an “overweight” rating and a $94.00 price target for the company. Jefferies Financial Group cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research report on Monday, July 9th. Deutsche Bank upped their price target on shares of Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. Finally, Zacks Investment Research cut shares of Procter & Gamble from a “hold” rating to a “sell” rating in a research report on Monday, June 25th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Procter & Gamble has a consensus rating of “Hold” and a consensus target price of $84.53.
About Procter & Gamble
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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