Procter & Gamble Co (PG) Position Cut by Fmr LLC

Fmr LLC lowered its position in shares of Procter & Gamble Co (NYSE:PG) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,934,380 shares of the company’s stock after selling 6,118,286 shares during the period. Fmr LLC owned about 1.41% of Procter & Gamble Co worth $3,021,363,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Diversified Trust Co boosted its position in Procter & Gamble Co by 0.5% in the third quarter. Diversified Trust Co now owns 20,866 shares of the company’s stock worth $1,873,000 after buying an additional 109 shares during the last quarter. Independent Franchise Partners LLP boosted its position in Procter & Gamble Co by 1.9% in the third quarter. Independent Franchise Partners LLP now owns 4,277,830 shares of the company’s stock worth $383,935,000 after buying an additional 81,713 shares during the last quarter. Private Asset Management Inc. boosted its position in Procter & Gamble Co by 2.6% in the third quarter. Private Asset Management Inc. now owns 79,440 shares of the company’s stock worth $7,130,000 after buying an additional 2,039 shares during the last quarter. Northwest Investment Counselors LLC boosted its position in Procter & Gamble Co by 0.7% in the third quarter. Northwest Investment Counselors LLC now owns 26,536 shares of the company’s stock worth $2,382,000 after buying an additional 196 shares during the last quarter. Finally, Accident Compensation Corp boosted its position in Procter & Gamble Co by 9.9% in the third quarter. Accident Compensation Corp now owns 51,186 shares of the company’s stock worth $4,594,000 after buying an additional 4,606 shares during the last quarter. Institutional investors own 68.33% of the company’s stock.

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

Procter & Gamble Co (NYSE:PG) opened at 91.22 on Tuesday. The company has a market capitalization of $233.20 billion, a price-to-earnings ratio of 16.71 and a beta of 0.64. The stock has a 50 day moving average price of $89.77 and a 200 day moving average price of $86.86. Procter & Gamble Co has a 52-week low of $79.10 and a 52-week high of $92.00.

Procter & Gamble Co (NYSE:PG) last posted its quarterly earnings results on Friday, January 20th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. Procter & Gamble Co had a net margin of 23.44% and a return on equity of 18.58%. The company had revenue of $16.90 billion for the quarter. During the same quarter in the previous year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts expect that Procter & Gamble Co will post $3.84 earnings per share for the current year.

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Several equities research analysts have weighed in on PG shares. Jefferies Group LLC reiterated a “buy” rating and issued a $101.00 target price on shares of Procter & Gamble Co in a report on Thursday, March 16th. Stifel Nicolaus cut Procter & Gamble Co from a “buy” rating to a “hold” rating and lowered their target price for the stock from $88.00 to $86.00 in a report on Tuesday, December 20th. Royal Bank of Canada set a $76.00 target price on Procter & Gamble Co and gave the stock a “hold” rating in a report on Monday, January 2nd. Citigroup Inc upped their target price on Procter & Gamble Co from $100.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, January 24th. Finally, Vetr cut Procter & Gamble Co from a “hold” rating to a “sell” rating and set a $87.23 target price for the company. in a report on Monday, February 27th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $90.79.

In other news, insider Marylynn Fergusonmchugh sold 61,208 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $91.56, for a total value of $5,604,204.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Valarie L. Sheppard sold 23,512 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $90.63, for a total transaction of $2,130,892.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 401,936 shares of company stock worth $35,928,133. 0.35% of the stock is currently owned by corporate insiders.

Procter & Gamble Co Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

5 Day Chart for NYSE:PG

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