Procter & Gamble Co (PG) Shares Sold by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL cut its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 785,630 shares of the company’s stock after selling 12,448 shares during the period. Procter & Gamble makes up 2.6% of Gofen & Glossberg LLC IL’s holdings, making the stock its 4th biggest holding. Gofen & Glossberg LLC IL’s holdings in Procter & Gamble were worth $72,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in PG. Starfire Investment Advisers Inc. boosted its stake in shares of Procter & Gamble by 91.7% in the fourth quarter. Starfire Investment Advisers Inc. now owns 6,887 shares of the company’s stock valued at $633,000 after purchasing an additional 3,295 shares during the period. KCS Wealth Advisory purchased a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $715,000. Capital Insight Partners LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $1,845,000. Trellis Advisors LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $287,000. Finally, Hexavest Inc. boosted its stake in shares of Procter & Gamble by 1.3% in the fourth quarter. Hexavest Inc. now owns 859,589 shares of the company’s stock valued at $78,979,000 after purchasing an additional 10,969 shares during the period. Institutional investors and hedge funds own 60.98% of the company’s stock.

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PG has been the subject of a number of recent research reports. Morgan Stanley decreased their price target on shares of Procter & Gamble from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday. Jefferies Group reiterated a “buy” rating and issued a $99.00 price target on shares of Procter & Gamble in a research note on Monday, December 18th. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Finally, JPMorgan Chase lifted their price target on shares of Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and an average target price of $86.07.

In other news, insider Marylynn Fergusonmchugh sold 2,353 shares of Procter & Gamble stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $184,922.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 3,252 shares of Procter & Gamble stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total transaction of $255,574.68. The disclosure for this sale can be found here. Insiders have sold a total of 114,011 shares of company stock valued at $9,710,976 in the last 90 days. Insiders own 0.35% of the company’s stock.

Shares of NYSE:PG traded down $0.37 during trading on Friday, hitting $78.43. 8,300,813 shares of the company were exchanged, compared to its average volume of 9,745,332. The company has a market capitalization of $198,655.11, a PE ratio of 20.01, a P/E/G ratio of 2.48 and a beta of 0.57. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. Procter & Gamble Co has a 12-month low of $75.81 and a 12-month high of $94.67.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.05. The business had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. equities research analysts predict that Procter & Gamble Co will post 4.18 EPS for the current fiscal year.

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About Procter & Gamble

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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