Procter & Gamble Company (The) (PG) Shares Bought by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB boosted its stake in Procter & Gamble Company (The) (NYSE:PG) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 399,787 shares of the company’s stock after purchasing an additional 3,108 shares during the quarter. Procter & Gamble Company (The) comprises approximately 1.1% of Xact Kapitalforvaltning AB’s holdings, making the stock its 12th largest holding. Xact Kapitalforvaltning AB’s holdings in Procter & Gamble Company (The) were worth $34,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Catawba Capital Management VA lifted its stake in Procter & Gamble Company (The) by 0.5% in the 2nd quarter. Catawba Capital Management VA now owns 86,422 shares of the company’s stock worth $7,532,000 after purchasing an additional 459 shares in the last quarter. Lau Associates LLC raised its position in shares of Procter & Gamble Company (The) by 36.7% during the 2nd quarter. Lau Associates LLC now owns 39,319 shares of the company’s stock valued at $3,427,000 after buying an additional 10,563 shares in the last quarter. American National Bank raised its position in shares of Procter & Gamble Company (The) by 15.6% during the 2nd quarter. American National Bank now owns 3,693 shares of the company’s stock valued at $321,000 after buying an additional 497 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in shares of Procter & Gamble Company (The) by 23.9% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 44,080 shares of the company’s stock valued at $3,842,000 after buying an additional 8,493 shares in the last quarter. Finally, West Oak Capital LLC raised its position in shares of Procter & Gamble Company (The) by 1.8% during the 2nd quarter. West Oak Capital LLC now owns 19,286 shares of the company’s stock valued at $1,681,000 after buying an additional 345 shares in the last quarter. Institutional investors and hedge funds own 59.29% of the company’s stock.

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

WARNING: “Procter & Gamble Company (The) (PG) Shares Bought by Xact Kapitalforvaltning AB” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2017/09/18/procter-gamble-company-the-pg-shares-bought-by-xact-kapitalforvaltning-ab.html.

Shares of Procter & Gamble Company (PG) traded up 0.15% during trading on Monday, reaching $93.41. 1,980,770 shares of the company’s stock were exchanged. The stock has a market cap of $238.20 billion, a P/E ratio of 16.70 and a beta of 0.68. The company has a 50 day moving average of $92.20 and a 200 day moving average of $89.60. 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 announced its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. During the same period last year, the business earned $0.79 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current year.

In other Procter & Gamble Company (The) news, SVP Valarie L. Sheppard sold 20,175 shares of Procter & Gamble Company (The) stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Taylor sold 6,382 shares of Procter & Gamble Company (The) stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $587,399.28. Following the sale, the chief executive officer now owns 134,884 shares of the company’s stock, valued at $12,414,723.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,792 shares of company stock valued at $4,216,070. Company insiders own 0.35% of the company’s stock.

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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply