Eads & Heald Wealth Management Has $1.78 Million Position in Procter & Gamble Co (PG)

Eads & Heald Wealth Management lifted its position in Procter & Gamble Co (NYSE:PG) by 5.9% during the second quarter, HoldingsChannel.com reports. The fund owned 22,756 shares of the company’s stock after purchasing an additional 1,265 shares during the period. Eads & Heald Wealth Management’s holdings in Procter & Gamble were worth $1,776,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. IHT Wealth Management LLC raised its holdings in Procter & Gamble by 6.1% during the 1st quarter. IHT Wealth Management LLC now owns 16,982 shares of the company’s stock worth $1,314,000 after buying an additional 981 shares during the period. Garland Capital Management Inc. raised its holdings in Procter & Gamble by 1.3% during the 2nd quarter. Garland Capital Management Inc. now owns 57,592 shares of the company’s stock worth $4,495,000 after buying an additional 730 shares during the period. Park National Corp OH raised its holdings in Procter & Gamble by 4.1% during the 2nd quarter. Park National Corp OH now owns 434,144 shares of the company’s stock worth $33,889,000 after buying an additional 16,931 shares during the period. TNB Financial raised its holdings in Procter & Gamble by 4.6% during the 2nd quarter. TNB Financial now owns 138,374 shares of the company’s stock worth $10,802,000 after buying an additional 6,038 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in Procter & Gamble by 6.6% during the 1st quarter. Guggenheim Capital LLC now owns 1,345,045 shares of the company’s stock worth $106,634,000 after buying an additional 83,772 shares during the period. Institutional investors and hedge funds own 58.36% of the company’s stock.

Several analysts have commented on PG shares. Citigroup dropped their target price on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a report on Friday, July 20th. SunTrust Banks raised their target price on shares of Procter & Gamble to $80.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. Deutsche Bank raised their target price on shares of Procter & Gamble from $81.00 to $84.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. Morgan Stanley raised their target price on shares of Procter & Gamble from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. Finally, Jefferies Financial Group downgraded shares of Procter & Gamble to a “hold” rating and set a $79.00 target price on the stock. in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Hold” and an average price target of $84.53.

In other news, insider Kathleen B. Fish sold 599 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $83.48, for a total transaction of $50,004.52. Following the completion of the transaction, the insider now directly owns 38,655 shares of the company’s stock, valued at approximately $3,226,919.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathleen B. Fish sold 26,946 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $80.55, for a total transaction of $2,170,500.30. The disclosure for this sale can be found here. Insiders have sold a total of 147,186 shares of company stock valued at $12,080,849 over the last ninety days. Company insiders own 1.84% of the company’s stock.

Shares of PG opened at $82.40 on Tuesday. The company has a market cap of $209.82 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 2.68 and a beta of 0.59. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $93.51. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.83 and a quick ratio of 0.66.

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

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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