OLD National Bancorp IN decreased its position in Procter & Gamble Company (The) (NYSE:PG) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,220 shares of the company’s stock after selling 1,868 shares during the period. OLD National Bancorp IN’s holdings in Procter & Gamble were worth $8,663,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Asset Planning Services Ltd. lifted its stake in shares of Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares during the period. Harding Loevner LP acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $119,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $125,000. Blume Capital Management Inc. lifted its stake in shares of Procter & Gamble by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after acquiring an additional 300 shares during the period. Finally, Winfield Associates Inc. lifted its stake in shares of Procter & Gamble by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 59.56% of the company’s stock.
In other news, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the sale, the insider now owns 85,495 shares in the company, valued at $7,438,065. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. Following the sale, the insider now owns 20,135 shares in the company, valued at approximately $1,794,229.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,575 shares of company stock valued at $1,927,095. Company insiders own 0.35% of the company’s stock.
Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The business had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. During the same period in the prior year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up .8% on a year-over-year basis. equities analysts predict that Procter & Gamble Company will post 4.18 EPS for the current year.
A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday. Vetr raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target for the company in a research note on Monday, October 23rd. Jefferies Group reaffirmed a “buy” rating and issued a $99.00 price target on shares of Procter & Gamble in a research note on Monday, December 18th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $88.00 price target on shares of Procter & Gamble in a research note on Sunday, December 17th. Finally, Bank of America upped their price target on shares of Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and a consensus price target of $88.57.
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Procter & Gamble 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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