Needelman Asset Management Inc. Has $987,000 Holdings in Procter & Gamble Company (The) (PG)

Needelman Asset Management Inc. grew its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,325 shares of the company’s stock after buying an additional 15 shares during the quarter. Procter & Gamble Company (The) accounts for 2.5% of Needelman Asset Management Inc.’s investment portfolio, making the stock its 20th largest holding. Needelman Asset Management Inc.’s holdings in Procter & Gamble Company (The) were worth $987,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PG. Asset Planning Services Ltd. raised its position in Procter & Gamble Company (The) by 79.7% during the 1st quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its holdings in shares of Procter & Gamble Company (The) by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after purchasing an additional 170 shares in the last quarter. Edge Wealth Management LLC increased its holdings in shares of Procter & Gamble Company (The) by 17.1% in the 1st quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after purchasing an additional 240 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new position in shares of Procter & Gamble Company (The) in the 1st quarter valued at about $184,000. Finally, Watermark Asset Management Inc. purchased a new position in shares of Procter & Gamble Company (The) in the 1st quarter valued at about $201,000. Institutional investors own 59.29% of the company’s stock.

Procter & Gamble Company (NYSE PG) traded up 1.25% during midday trading on Tuesday, hitting $94.31. 2,828,067 shares of the company’s stock traded hands. The company has a 50 day moving average of $92.28 and a 200-day moving average of $89.59. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.37. The company has a market capitalization of $240.49 billion, a PE ratio of 16.86 and a beta of 0.68. Procter & Gamble Company (The) also was the recipient of unusually large options trading on Monday. Traders purchased 9,776 call options on the stock. This represents an increase of approximately 179% compared to the typical daily volume of 3,510 call options.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The firm had revenue of $16.08 billion for the quarter, compared to the consensus estimate of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 EPS. Equities research analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current year.

In other Procter & Gamble Company (The) news, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $91.00, for a total transaction of $956,592.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Valarie L. Sheppard sold 20,175 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was 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 90 days, insiders have sold 45,792 shares of company stock worth $4,216,070. Corporate insiders own 0.35% of the company’s stock.

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A number of equities analysts have recently issued reports on the stock. Bank of America Corporation increased their price target on shares of Procter & Gamble Company (The) from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday. Macquarie assumed coverage on shares of Procter & Gamble Company (The) in a report on Thursday, September 14th. They issued an “outperform” rating and a $102.00 price target for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $92.44 price target (down previously from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. Vetr upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price target for the company in a report on Friday. Finally, BidaskClub upgraded shares of 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 ten have given a buy rating to the stock. Procter & Gamble Company (The) has an average rating of “Hold” and an average price target of $89.95.

About Procter & Gamble Company (The)

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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