Procter & Gamble Co (PG) Shares Sold by Provident Trust Co.

Provident Trust Co. lessened its holdings in shares of Procter & Gamble Co (NYSE:PG) by 54.4% during the 1st quarter, HoldingsChannel reports. The fund owned 5,020 shares of the company’s stock after selling 6,000 shares during the period. Procter & Gamble accounts for approximately 0.0% of Provident Trust Co.’s portfolio, making the stock its 27th biggest holding. Provident Trust Co.’s holdings in Procter & Gamble were worth $398,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Kornitzer Capital Management Inc. KS grew its stake in Procter & Gamble by 1.0% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 663,509 shares of the company’s stock valued at $52,603,000 after acquiring an additional 6,425 shares in the last quarter. TCI Wealth Advisors Inc. grew its stake in Procter & Gamble by 33.4% during the 1st quarter. TCI Wealth Advisors Inc. now owns 14,884 shares of the company’s stock valued at $1,180,000 after acquiring an additional 3,725 shares in the last quarter. Harbour Investment Management LLC grew its stake in Procter & Gamble by 17.6% during the 1st quarter. Harbour Investment Management LLC now owns 23,235 shares of the company’s stock valued at $1,803,000 after acquiring an additional 3,473 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in Procter & Gamble by 3.7% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 47,609 shares of the company’s stock valued at $3,774,000 after acquiring an additional 1,690 shares in the last quarter. Finally, Advisors Preferred LLC grew its stake in Procter & Gamble by 385.6% during the 1st quarter. Advisors Preferred LLC now owns 20,680 shares of the company’s stock valued at $1,640,000 after acquiring an additional 16,421 shares in the last quarter. 59.39% of the stock is currently owned by institutional investors.

In other news, insider Ciserani Giovanni sold 12,034 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $77.41, for a total transaction of $931,551.94. Following the completion of the transaction, the insider now directly owns 63,062 shares in the company, valued at $4,881,629.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gary A. Coombe sold 1,529 shares of the company’s stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $74.25, for a total value of $113,528.25. Following the transaction, the insider now owns 5,235 shares of the company’s stock, valued at $388,698.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,938 shares of company stock valued at $1,604,483. Corporate insiders own 0.35% of the company’s stock.

PG has been the subject of several recent research reports. ValuEngine cut Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Barclays set a $84.00 price target on Procter & Gamble and gave the company a “hold” rating in a research note on Thursday, March 15th. Morgan Stanley reissued a “hold” rating on shares of Procter & Gamble in a research note on Monday, June 11th. Finally, Stifel Nicolaus lowered their price target on Procter & Gamble from $85.00 to $83.00 and set a “hold” rating for the company in a research note on Wednesday, April 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $87.90.

PG opened at $78.00 on Wednesday. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $94.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.91 and a quick ratio of 0.74. The company has a market capitalization of $196.11 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.57 and a beta of 0.58.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.02. Procter & Gamble had a return on equity of 20.72% and a net margin of 15.17%. The firm had revenue of $16.28 billion during the quarter, compared to analyst estimates of $16.22 billion. During the same period in the previous year, the company earned $0.96 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. equities analysts expect that Procter & Gamble Co will post 4.19 earnings per share for the current year.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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

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