Asset Advisors Corp boosted its stake in shares of Procter & Gamble Co. (NYSE:PG) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,106 shares of the company’s stock after buying an additional 1,670 shares during the period. Procter & Gamble Co. accounts for approximately 1.7% of Asset Advisors Corp’s portfolio, making the stock its 18th largest position. Asset Advisors Corp’s holdings in Procter & Gamble Co. were worth $8,391,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Americafirst Capital Management LLC purchased a new position in shares of Procter & Gamble Co. during the second quarter valued at approximately $112,000. Lenox Wealth Advisors Inc. raised its position in shares of Procter & Gamble Co. by 0.5% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,840 shares of the company’s stock valued at $156,000 after buying an additional 10 shares in the last quarter. Cypress Capital Management LLC WY purchased a new position in shares of Procter & Gamble Co. during the second quarter valued at approximately $157,000. Catamount Wealth Management raised its position in shares of Procter & Gamble Co. by 96.0% in the first quarter. Catamount Wealth Management now owns 2,352 shares of the company’s stock valued at $194,000 after buying an additional 1,152 shares in the last quarter. Finally, Wealthsource Partners LLC purchased a new position in shares of Procter & Gamble Co. during the first quarter valued at approximately $200,000. 58.73% of the stock is owned by institutional investors and hedge funds.
Procter & Gamble Co. (NYSE:PG) traded up 0.73% during mid-day trading on Thursday, reaching $89.50. The company’s stock had a trading volume of 20,661,427 shares. The company has a market cap of $238.85 billion, a PE ratio of 24.23 and a beta of 0.54. The firm’s 50 day moving average is $87.96 and its 200-day moving average is $84.46. Procter & Gamble Co. has a 12-month low of $73.49 and a 12-month high of $90.22.
Procter & Gamble Co. (NYSE:PG) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.83 billion. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 earnings per share. Equities analysts anticipate that Procter & Gamble Co. will post $0.02 earnings per share for the current fiscal year.
PG has been the subject of several analyst reports. Zacks Investment Research upgraded Procter & Gamble Co. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Vetr downgraded Procter & Gamble Co. from a “buy” rating to a “hold” rating and set a $89.50 price target for the company. in a report on Tuesday, July 19th. JPMorgan Chase & Co. set a $99.00 price target on Procter & Gamble Co. and gave the company a “buy” rating in a report on Wednesday, August 3rd. Jefferies Group restated a “buy” rating and set a $98.00 price target on shares of Procter & Gamble Co. in a report on Thursday, August 4th. Finally, Citigroup Inc. raised their price target on Procter & Gamble Co. from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $89.49.
In other news, CFO Jon R. Moeller sold 272,591 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $85.94, for a total value of $23,426,470.54. Following the transaction, the chief financial officer now directly owns 164,269 shares of the company’s stock, valued at $14,117,277.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Taylor sold 72,525 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $85.76, for a total value of $6,219,744.00. Following the completion of the transaction, the chief executive officer now directly owns 136,933 shares in the company, valued at $11,743,374.08. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.
Procter & Gamble Co. Company Profile
The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.