Procter & Gamble Company (The) (PG) Position Lifted by Northwest Wealth Management LLC

Northwest Wealth Management LLC increased its stake in Procter & Gamble Company (The) (NYSE:PG) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,556 shares of the company’s stock after buying an additional 8 shares during the period. Northwest Wealth Management LLC’s holdings in Procter & Gamble Company (The) were worth $223,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Fisher Asset Management LLC increased its stake in Procter & Gamble Company (The) by 4.5% in the 2nd quarter. Fisher Asset Management LLC now owns 8,635,829 shares of the company’s stock worth $752,613,000 after buying an additional 370,067 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Procter & Gamble Company (The) by 0.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,803,068 shares of the company’s stock worth $701,106,000 after buying an additional 69,511 shares during the period. Clearbridge Investments LLC increased its stake in Procter & Gamble Company (The) by 0.9% in the 1st quarter. Clearbridge Investments LLC now owns 4,216,380 shares of the company’s stock worth $378,842,000 after buying an additional 36,104 shares during the period. Great West Life Assurance Co. Can increased its stake in Procter & Gamble Company (The) by 0.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 3,000,977 shares of the company’s stock worth $269,426,000 after buying an additional 14,041 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in Procter & Gamble Company (The) by 10.4% in the 1st quarter. State of Wisconsin Investment Board now owns 2,727,498 shares of the company’s stock worth $245,066,000 after buying an additional 256,384 shares during the period. 59.33% of the stock is currently owned by institutional investors.

Procter & Gamble Company (PG) traded down 0.657% during mid-day trading on Friday, hitting $92.935. 5,765,966 shares of the stock were exchanged. The firm has a market cap of $236.99 billion, a P/E ratio of 16.616 and a beta of 0.68. The company has a 50 day moving average of $92.13 and a 200 day moving average of $89.58. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $94.19.

Procter & Gamble Company (The) (NYSE:PG) last released its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The firm had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. During the same period in the prior year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts anticipate that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

In related news, insider Suranjan Magesvaran sold 10,512 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Insiders have sold 45,792 shares of company stock worth $4,216,070 over the last 90 days. Insiders own 0.35% of the company’s stock.

Several research analysts recently commented on PG shares. Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research note on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $98.00 price target on shares of Procter & Gamble Company (The) in a research note on Monday, July 17th. BidaskClub raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Capital One Financial Corporation downgraded shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $5.00 to $2.00 in a research note on Thursday, June 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $90.00 price target (up previously from $87.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. Procter & Gamble Company (The) has an average rating of “Hold” and an average target price of $89.39.

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Procter & Gamble Company (The) 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.

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

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