Procter & Gamble Co (NYSE:PG) Shares Bought by Summit Global Investments

Summit Global Investments lifted its holdings in Procter & Gamble Co (NYSE:PG) by 49.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,426 shares of the company’s stock after acquiring an additional 21,035 shares during the period. Summit Global Investments’ holdings in Procter & Gamble were worth $6,955,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. ETF Managers Group LLC lifted its position in shares of Procter & Gamble by 18.1% in the fourth quarter. ETF Managers Group LLC now owns 1,675 shares of the company’s stock valued at $154,000 after acquiring an additional 257 shares in the last quarter. Baldwin Brothers Inc. MA lifted its position in shares of Procter & Gamble by 9.0% in the fourth quarter. Baldwin Brothers Inc. MA now owns 5,060 shares of the company’s stock valued at $465,000 after acquiring an additional 419 shares in the last quarter. Balasa Dinverno & Foltz LLC lifted its position in shares of Procter & Gamble by 6.0% in the fourth quarter. Balasa Dinverno & Foltz LLC now owns 10,915 shares of the company’s stock valued at $1,003,000 after acquiring an additional 614 shares in the last quarter. Community Financial Services Group LLC lifted its position in shares of Procter & Gamble by 2.9% in the fourth quarter. Community Financial Services Group LLC now owns 80,454 shares of the company’s stock valued at $7,395,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Procter & Gamble by 3.4% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,198 shares of the company’s stock valued at $1,949,000 after acquiring an additional 705 shares in the last quarter. 65.63% of the stock is owned by institutional investors.

Shares of PG stock traded down $0.59 during trading hours on Wednesday, hitting $123.02. The stock had a trading volume of 4,442,778 shares, compared to its average volume of 6,571,694. Procter & Gamble Co has a one year low of $78.49 and a one year high of $124.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58. The stock’s 50-day moving average price is $119.89 and its two-hundred day moving average price is $110.77. The stock has a market capitalization of $305.92 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 3.55 and a beta of 0.42.



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

In other Procter & Gamble news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 112,703 shares of the company’s stock, valued at $13,073,548. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Valarie L. Sheppard sold 1,259 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $120.36, for a total value of $151,533.24. Following the sale, the vice president now directly owns 26,094 shares in the company, valued at $3,140,673.84. The disclosure for this sale can be found here. Insiders have sold 448,674 shares of company stock worth $53,197,461 over the last three months. 1.75% of the stock is currently owned by insiders.

Several brokerages have recently commented on PG. Morgan Stanley set a $129.00 price objective on Procter & Gamble and gave the company a “buy” rating in a research report on Monday, August 12th. SunTrust Banks lifted their target price on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Wells Fargo & Co reaffirmed a “buy” rating and issued a $135.00 target price (up from $125.00) on shares of Procter & Gamble in a report on Tuesday, July 30th. TheStreet cut Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and issued a $89.00 target price on shares of Procter & Gamble in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Procter & Gamble presently has a consensus rating of “Hold” and an average target price of $108.89.

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

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