Procter & Gamble Co (PG) Stake Lessened by Colorado Capital Management Inc.

Colorado Capital Management Inc. lowered its position in shares of Procter & Gamble Co (NYSE:PG) by 19.4% during the second quarter, HoldingsChannel.com reports. The fund owned 2,686 shares of the company’s stock after selling 645 shares during the quarter. Colorado Capital Management Inc.’s holdings in Procter & Gamble were worth $210,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PG. BerganKDV Wealth Management LLC increased its stake in Procter & Gamble by 5.4% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 21,204 shares of the company’s stock valued at $1,655,000 after buying an additional 1,084 shares during the period. Delta Asset Management LLC TN increased its stake in Procter & Gamble by 0.4% in the 2nd quarter. Delta Asset Management LLC TN now owns 277,027 shares of the company’s stock valued at $21,625,000 after buying an additional 1,001 shares during the period. Cliftonlarsonallen Wealth Advisors LLC increased its stake in Procter & Gamble by 5.6% in the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,539 shares of the company’s stock valued at $979,000 after buying an additional 661 shares during the period. Farmers & Merchants Investments Inc. increased its stake in Procter & Gamble by 1.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 146,260 shares of the company’s stock valued at $11,417,000 after buying an additional 1,681 shares during the period. Finally, Sumitomo Life Insurance Co. increased its stake in Procter & Gamble by 4.2% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 71,213 shares of the company’s stock valued at $5,559,000 after buying an additional 2,872 shares during the period. Institutional investors and hedge funds own 58.32% of the company’s stock.

PG stock opened at $83.26 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $212.44 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 2.71 and a beta of 0.57. Procter & Gamble Co has a 12 month low of $70.73 and a 12 month high of $93.51.

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

Several research analysts have weighed in on PG shares. Morgan Stanley reiterated a “hold” rating on shares of Procter & Gamble in a research note on Monday, June 11th. Zacks Investment Research lowered shares of Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Monday, June 25th. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research note on Monday, July 9th. UBS Group lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research note on Wednesday, July 18th. Finally, Citigroup dropped their price objective 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 analyst has rated the stock with a sell rating, fourteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $84.59.

In other Procter & Gamble news, insider Kathleen B. Fish sold 10,342 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $83.20, for a total value of $860,454.40. Following the completion of the sale, the insider now directly owns 16,382 shares of the company’s stock, valued at $1,362,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Valarie L. Sheppard sold 27,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was 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. Insiders sold 147,186 shares of company stock valued at $12,080,849 over the last three months. Insiders own 1.84% of the company’s stock.

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.

Further Reading: Intrinsic Value

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)

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