Procter & Gamble Co (NYSE:PG) Shares Sold by Kelly Lawrence W & Associates Inc. CA

Kelly Lawrence W & Associates Inc. CA cut its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 31,405 shares of the company’s stock after selling 550 shares during the period. Kelly Lawrence W & Associates Inc. CA’s holdings in Procter & Gamble were worth $3,443,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Procter & Gamble by 1.8% during the second quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock worth $23,954,054,000 after buying an additional 3,786,962 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Procter & Gamble by 1.5% during the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after buying an additional 2,470,382 shares in the last quarter. FMR LLC grew its holdings in shares of Procter & Gamble by 26.4% during the first quarter. FMR LLC now owns 35,400,538 shares of the company’s stock worth $3,683,425,000 after buying an additional 7,389,251 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Procter & Gamble by 0.9% during the second quarter. Northern Trust Corp now owns 33,064,470 shares of the company’s stock worth $3,625,519,000 after buying an additional 295,521 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Procter & Gamble by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 25,152,723 shares of the company’s stock worth $2,312,039,000 after buying an additional 775,146 shares in the last quarter. 65.63% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on PG. TheStreet lowered shares of Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday, July 30th. Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. SunTrust Banks upped their target price on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Deutsche Bank upped their target price on shares of Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, June 17th. Finally, UBS Group set a $122.00 price objective on shares of Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $108.15.

In other news, CEO Steven D. Bishop sold 32,945 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $117.00, for a total transaction of $3,854,565.00. Following the sale, the chief executive officer now owns 78,052 shares of the company’s stock, valued at $9,132,084. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marylynn Fergusonmchugh sold 37,027 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $116.00, for a total transaction of $4,295,132.00. Following the sale, the chief executive officer now directly owns 112,703 shares in the company, valued at approximately $13,073,548. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 448,674 shares of company stock valued at $53,197,461. 1.75% of the stock is currently owned by insiders.

PG stock traded up $0.39 during mid-day trading on Wednesday, hitting $121.55. 1,323,768 shares of the company were exchanged, compared to its average volume of 5,898,506. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $305.62 billion, a P/E ratio of 26.89, a PEG ratio of 3.54 and a beta of 0.42. The business has a fifty day simple moving average of $119.17 and a 200-day simple moving average of $109.94. Procter & Gamble Co has a 12-month low of $78.49 and a 12-month high of $123.43.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.04. The company had revenue of $17.09 billion during the quarter, compared to analyst estimates of $16.86 billion. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. Procter & Gamble’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. Research analysts predict that Procter & Gamble Co will post 4.84 EPS for the current 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.

Further Reading: Initial Coin Offering (ICO)

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

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