Pioneer Trust Bank N A OR Has $4.25 Million Position in Procter & Gamble Company (The) (PG)

Pioneer Trust Bank N A OR cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,806 shares of the company’s stock after selling 700 shares during the period. Procter & Gamble Company (The) accounts for 2.4% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 16th largest holding. Pioneer Trust Bank N A OR’s holdings in Procter & Gamble Company (The) were worth $4,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Asset Planning Services Ltd. boosted its holdings in Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after acquiring an additional 526 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its holdings in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after acquiring an additional 170 shares during the last quarter. Edge Wealth Management LLC boosted its holdings in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after acquiring an additional 240 shares during the last quarter. Feltz Wealth PLAN Inc. bought a new stake in Procter & Gamble Company (The) in the first quarter valued at approximately $184,000. Finally, Watermark Asset Management Inc. bought a new stake in Procter & Gamble Company (The) in the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

In related news, insider Mark F. Biegger sold 2,660 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the sale, the insider now owns 23,133 shares in the company, valued at $2,129,161.32. 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 on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,792 shares of company stock valued at $4,216,070. 0.35% of the stock is owned by company insiders.

Shares of Procter & Gamble Company (NYSE:PG) traded down 0.30% during midday trading on Friday, hitting $93.27. The stock had a trading volume of 12,428,828 shares. The stock’s 50-day moving average is $92.20 and its 200-day moving average is $89.60. The stock has a market cap of $237.84 billion, a PE ratio of 16.68 and a beta of 0.68. 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 posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. Procter & Gamble Company (The)’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 earnings per share. Equities analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current year.

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Several brokerages recently commented on PG. Vetr upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 target price on the stock in a report on Friday. Macquarie assumed coverage on Procter & Gamble Company (The) in a report on Thursday. They set an “outperform” rating and a $102.00 price target on the stock. Jefferies Group LLC restated a “buy” rating and set a $103.00 price target on shares of Procter & Gamble Company (The) in a report on Thursday, September 7th. Royal Bank Of Canada restated an “outperform” rating and set a $80.00 price target on shares of Procter & Gamble Company (The) in a report on Wednesday, September 6th. Finally, BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $89.39.

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.

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

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