Delta Asset Management LLC TN Boosts Holdings in Procter & Gamble Co (PG)

Delta Asset Management LLC TN grew its holdings in shares of Procter & Gamble Co (NYSE:PG) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 277,027 shares of the company’s stock after acquiring an additional 1,001 shares during the quarter. Procter & Gamble accounts for approximately 3.1% of Delta Asset Management LLC TN’s holdings, making the stock its 12th biggest holding. Delta Asset Management LLC TN’s holdings in Procter & Gamble were worth $21,625,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Twin Tree Management LP purchased a new position in shares of Procter & Gamble in the first quarter worth $144,000. Clearwater Capital Advisors LLC purchased a new position in shares of Procter & Gamble in the first quarter worth $154,000. Corbyn Investment Management Inc. MD purchased a new position in shares of Procter & Gamble in the first quarter worth $157,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Procter & Gamble by 296.5% in the first 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 period. Finally, Financial Gravity Wealth Inc. purchased a new position in shares of Procter & Gamble in the first quarter worth $170,000. 58.32% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman David S. Taylor sold 21,029 shares of Procter & Gamble stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total value of $1,756,342.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Valarie L. Sheppard sold 27,000 shares of Procter & Gamble stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $80.66, for a total transaction of $2,177,820.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,186 shares of company stock worth $12,080,849. 1.84% of the stock is currently owned by company insiders.

PG has been the topic of several analyst reports. Morgan Stanley reaffirmed a “hold” rating on shares of Procter & Gamble in a research note on Monday, June 11th. Zacks Investment Research downgraded shares of Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Monday, June 25th. Jefferies Financial Group downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a research note on Monday, July 9th. UBS Group downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Wednesday, July 18th. Finally, Citigroup decreased their target price on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a research note on Friday, July 20th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $84.59.

NYSE:PG opened at $83.26 on Thursday. The firm has a market capitalization of $212.44 billion, a P/E ratio of 19.73, a P/E/G ratio of 2.71 and a beta of 0.57. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $93.51. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 31st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.52 billion. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. analysts predict that Procter & Gamble Co will post 4.42 earnings per share for the current fiscal year.

Procter & Gamble Company Profile

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.

Featured Article: Determine Your Level of Risk Tolerance

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