Riverbridge Partners LLC Buys 1,839 Shares of Procter & Gamble Co (NYSE:PG)

Riverbridge Partners LLC boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 11.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,394 shares of the company’s stock after acquiring an additional 1,839 shares during the period. Riverbridge Partners LLC’s holdings in Procter & Gamble were worth $2,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of Procter & Gamble by 0.9% in the 1st quarter. State Street Corp now owns 118,284,669 shares of the company’s stock valued at $13,011,314,000 after purchasing an additional 1,086,517 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Procter & Gamble by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 41,396,782 shares of the company’s stock valued at $5,161,642,000 after purchasing an additional 1,216,202 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Procter & Gamble by 10.2% during the 1st quarter. Wellington Management Group LLP now owns 28,092,901 shares of the company’s stock valued at $3,090,220,000 after purchasing an additional 2,609,549 shares in the last quarter. Norges Bank purchased a new position in shares of Procter & Gamble during the 4th quarter valued at approximately $3,338,757,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Procter & Gamble by 2.5% during the 1st quarter. Bank of New York Mellon Corp now owns 25,032,488 shares of the company’s stock valued at $2,753,574,000 after purchasing an additional 600,867 shares in the last quarter. Institutional investors own 63.44% of the company’s stock.

PG has been the topic of a number of research analyst reports. Citigroup lifted their price target on shares of Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Deutsche Bank lifted their price target on shares of Procter & Gamble from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Bank of America reissued a “buy” rating and issued a $135.00 price target on shares of Procter & Gamble in a research note on Saturday, April 18th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $120.00 price target on shares of Procter & Gamble in a research note on Tuesday, April 14th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $130.31.

In related news, insider Deborah P. Majoras sold 12,589 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $122.68, for a total value of $1,544,418.52. Following the sale, the insider now directly owns 44,948 shares in the company, valued at approximately $5,514,220.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 7,360 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $120.00, for a total transaction of $883,200.00. Following the completion of the sale, the chief executive officer now owns 44,746 shares in the company, valued at $5,369,520. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,963,114 shares of company stock worth $1,067,197,986. 1.75% of the stock is owned by insiders.

Shares of PG stock opened at $122.89 on Thursday. The company’s 50-day moving average price is $117.02 and its 200-day moving average price is $119.03. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The stock has a market cap of $302.57 billion, a price-to-earnings ratio of 69.43, a PEG ratio of 3.25 and a beta of 0.42. Procter & Gamble Co has a twelve month low of $94.34 and a twelve month high of $128.09.

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, beating the consensus estimate of $1.13 by $0.04. The firm had revenue of $17.21 billion for the quarter, compared to analysts’ expectations of $17.29 billion. Procter & Gamble had a net margin of 7.09% and a return on equity of 29.15%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS. As a group, equities research analysts predict that Procter & Gamble Co will post 4.96 EPS for the current year.

Procter & Gamble 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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