Shelter Ins Retirement Plan trimmed its stake in shares of Procter & Gamble Co (NYSE:PG) by 11.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,800 shares of the company’s stock after selling 9,400 shares during the quarter. Procter & Gamble makes up 2.8% of Shelter Ins Retirement Plan’s investment portfolio, making the stock its 14th largest position. Shelter Ins Retirement Plan’s holdings in Procter & Gamble were worth $5,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Twin Tree Management LP bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $144,000. Clearwater Capital Advisors LLC bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $154,000. Corbyn Investment Management Inc. MD bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $157,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Procter & Gamble by 296.5% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock worth $162,000 after buying an additional 1,524 shares during the last quarter. Finally, Financial Gravity Wealth Inc. bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $170,000. Institutional investors and hedge funds own 58.32% of the company’s stock.
NYSE PG opened at $83.12 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.66 and a current ratio of 0.83. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $93.51. The company has a market cap of $216.35 billion, a P/E ratio of 19.70, a PEG ratio of 2.76 and a beta of 0.57.
In related news, insider Kathleen B. Fish sold 599 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $83.48, for a total transaction of $50,004.52. Following the sale, the insider now directly owns 38,655 shares in the company, valued at $3,226,919.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Valarie L. Sheppard sold 27,000 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $80.66, for a total value of $2,177,820.00. The disclosure for this sale can be found here. Insiders have sold 147,186 shares of company stock worth $12,080,849 over the last 90 days. 1.84% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently weighed in on PG shares. Zacks Investment Research lowered Procter & Gamble from a “hold” rating to a “sell” rating in a research report on Monday, June 25th. Deutsche Bank lifted their price objective on Procter & Gamble from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Wells Fargo & Co reiterated a “hold” rating on shares of Procter & Gamble in a research report on Tuesday, July 31st. Citigroup cut their price objective on Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. Finally, ValuEngine upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Procter & Gamble has an average rating of “Hold” and a consensus target price of $84.59.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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