Piershale Financial Group Inc. Invests $207,000 in Procter & Gamble Co (NYSE:PG)

Piershale Financial Group Inc. purchased a new position in shares of Procter & Gamble Co (NYSE:PG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,733 shares of the company’s stock, valued at approximately $207,000. Procter & Gamble makes up approximately 0.1% of Piershale Financial Group Inc.’s holdings, making the stock its 20th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of PG. Orser Capital Management LLC grew its position in shares of Procter & Gamble by 16.6% during the 4th quarter. Orser Capital Management LLC now owns 2,301 shares of the company’s stock worth $286,000 after buying an additional 328 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Procter & Gamble by 1.2% during the fourth quarter. Quadrant Capital Group LLC now owns 75,964 shares of the company’s stock valued at $9,452,000 after purchasing an additional 885 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Procter & Gamble by 166.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 155,784 shares of the company’s stock valued at $19,457,000 after purchasing an additional 97,362 shares in the last quarter. Oxford Asset Management LLP bought a new stake in Procter & Gamble during the fourth quarter valued at about $1,379,000. Finally, Vigilare Wealth Management bought a new stake in Procter & Gamble during the fourth quarter valued at about $1,268,000. 63.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:PG opened at $124.05 on Tuesday. Procter & Gamble Co has a 52-week low of $94.34 and a 52-week high of $128.09. The stock has a market cap of $306.71 billion, a price-to-earnings ratio of 70.09, a PEG ratio of 3.29 and a beta of 0.42. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $118.11 and a 200-day moving average price of $118.99.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.04. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The firm had revenue of $17.21 billion during the quarter, compared to analysts’ expectations of $17.29 billion. During the same period last year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities analysts anticipate that Procter & Gamble Co will post 4.96 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on PG shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $120.00 price objective on shares of Procter & Gamble in a research report on Tuesday, April 14th. Morgan Stanley raised their price objective on Procter & Gamble from $125.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Argus raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Thursday, March 26th. Citigroup raised their price objective on Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Bank of America reaffirmed a “buy” rating and set a $135.00 price objective on shares of Procter & Gamble in a research 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 stock. Procter & Gamble currently has an average rating of “Buy” and an average price target of $130.31.

In related news, CEO David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $115.47, for a total transaction of $3,464,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 7,360 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $120.00, for a total value of $883,200.00. Following the transaction, the chief executive officer now owns 44,746 shares of the company’s stock, 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 valued at $1,067,197,986. Company insiders own 1.75% of the company’s stock.

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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