Procter & Gamble Co (PG) Shares Bought by BerganKDV Wealth Management LLC

BerganKDV Wealth Management LLC increased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 5.4% in the second quarter, HoldingsChannel.com reports. The firm owned 21,204 shares of the company’s stock after buying an additional 1,084 shares during the period. BerganKDV Wealth Management LLC’s holdings in Procter & Gamble were worth $1,655,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of PG. BlackRock Inc. boosted its holdings in shares of Procter & Gamble by 1.9% during the first quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock worth $12,890,867,000 after acquiring an additional 2,961,408 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Procter & Gamble by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 27,189,341 shares of the company’s stock worth $2,492,983,000 after acquiring an additional 882,109 shares during the period. Yacktman Asset Management LP boosted its holdings in shares of Procter & Gamble by 1.4% during the first quarter. Yacktman Asset Management LP now owns 15,382,957 shares of the company’s stock worth $1,219,561,000 after acquiring an additional 219,593 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Procter & Gamble by 8.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 13,939,806 shares of the company’s stock worth $1,105,148,000 after acquiring an additional 1,089,316 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Procter & Gamble by 17.9% during the first quarter. American Century Companies Inc. now owns 13,922,673 shares of the company’s stock worth $1,103,790,000 after acquiring an additional 2,115,777 shares during the period. Institutional investors and hedge funds own 58.32% of the company’s stock.

In other Procter & Gamble news, insider Kathleen B. Fish sold 26,946 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $80.55, for a total transaction of $2,170,500.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David S. Taylor sold 21,029 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total transaction of $1,756,342.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,186 shares of company stock valued at $12,080,849. Company insiders own 1.84% of the company’s stock.

Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Monday, June 25th. Deutsche Bank boosted their price target on Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, August 16th. Wells Fargo & Co reiterated a “hold” rating on shares of Procter & Gamble in a research note on Tuesday, July 31st. Citigroup cut their price target on Procter & Gamble from $98.00 to $89.00 and set a “buy” rating for the company in a research note on Friday, July 20th. Finally, ValuEngine upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $84.59.

Shares of PG stock opened at $83.26 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.83 and a quick ratio of 0.66. The company 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 1 year low of $70.73 and a 1 year high of $93.51.

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

Procter & Gamble 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.

See Also: What Does Beta Mean In Stock Selection

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