Pure Financial Advisors Inc. purchased a new position in Procter & Gamble Co (NYSE:PG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,807 shares of the company’s stock, valued at approximately $216,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blueshift Asset Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $1,859,000. Bluefin Trading LLC acquired a new position in shares of Procter & Gamble during the 4th quarter valued at $12,002,000. Fundamentun LLC increased its position in shares of Procter & Gamble by 43.7% during the 1st quarter. Fundamentun LLC now owns 17,919 shares of the company’s stock valued at $1,971,000 after purchasing an additional 5,450 shares during the period. Motco increased its position in shares of Procter & Gamble by 6.4% during the 1st quarter. Motco now owns 3,843 shares of the company’s stock valued at $422,000 after purchasing an additional 230 shares during the period. Finally, Ziegler Capital Management LLC acquired a new position in shares of Procter & Gamble during the 1st quarter valued at $6,181,000. 63.44% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $115.47, for a total value of $3,464,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nelson Peltz sold 3,500,000 shares of Procter & Gamble stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $119.21, for a total value of $417,235,000.00. Following the completion of the transaction, the director now owns 3,891 shares in the company, valued at $463,846.11. The disclosure for this sale can be found here. Insiders sold 8,963,114 shares of company stock valued at $1,067,197,986 in the last ninety days. Insiders own 1.75% of the company’s stock.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 17th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.04. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The company had revenue of $17.21 billion during the quarter, compared to analysts’ expectations of $17.29 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, research analysts expect that Procter & Gamble Co will post 4.96 EPS for the current fiscal year.
PG has been the topic of several research analyst reports. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b” rating in a research report on Tuesday, April 14th. Royal Bank of Canada restated a “hold” rating and issued a $120.00 target price on shares of Procter & Gamble in a report on Tuesday, April 14th. Argus upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Thursday, March 26th. Citigroup lifted their target price on Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Bank of America restated a “buy” rating and issued a $135.00 target price on shares of Procter & Gamble in a report on Saturday, April 18th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Procter & Gamble has an average rating of “Buy” and a consensus target price of $130.31.
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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