Procter & Gamble Co (PG) Holdings Reduced by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its position in Procter & Gamble Co (NYSE:PG) by 0.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,333,333 shares of the company’s stock after selling 11,961 shares during the quarter. Procter & Gamble comprises about 1.1% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 26th largest holding. Fort Washington Investment Advisors Inc. OH’s holdings in Procter & Gamble were worth $105,707,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. HRT Financial LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $914,000. Asset Dedication LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $1,164,000. Moller Financial Services grew its holdings in shares of Procter & Gamble by 31.3% during the 4th quarter. Moller Financial Services now owns 11,887 shares of the company’s stock valued at $1,092,000 after purchasing an additional 2,837 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Procter & Gamble by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 9,149,634 shares of the company’s stock valued at $840,668,000 after purchasing an additional 269,402 shares during the last quarter. Finally, Horan Securities Inc. grew its holdings in shares of Procter & Gamble by 6.7% during the 4th quarter. Horan Securities Inc. now owns 15,173 shares of the company’s stock valued at $1,360,000 after purchasing an additional 956 shares during the last quarter. 59.38% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the stock. Berenberg Bank assumed coverage on shares of Procter & Gamble in a report on Wednesday, February 28th. They set a “sell” rating and a $78.50 price target on the stock. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Stifel Nicolaus decreased their price target on shares of Procter & Gamble from $85.00 to $83.00 and set a “hold” rating on the stock in a report on Wednesday, April 18th. Bank of America decreased their price target on shares of Procter & Gamble from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 12th. Finally, Barclays set a $84.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a report on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $82.85.

In other news, Vice Chairman Jon R. Moeller sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $77.41, for a total value of $410,273.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ciserani Giovanni sold 12,034 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $77.41, for a total transaction of $931,551.94. Following the completion of the transaction, the insider now owns 63,062 shares in the company, valued at approximately $4,881,629.42. The disclosure for this sale can be found here. Insiders have sold a total of 20,938 shares of company stock worth $1,604,483 over the last three months. Insiders own 0.35% of the company’s stock.

PG opened at $75.84 on Tuesday. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $94.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.91. The company has a market cap of $195.08 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 2.55 and a beta of 0.58.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.02. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. The firm had revenue of $16.28 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same period in the previous year, the firm posted $0.96 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. equities research analysts forecast that Procter & Gamble Co will post 4.19 EPS for the current fiscal year.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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 Co (NYSE:PG).

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

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

Leave a Reply