Buckingham Asset Management LLC cut its position in shares of Procter & Gamble Co. (NYSE:PG) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,425 shares of the company’s stock after selling 98 shares during the period. Procter & Gamble Co. comprises approximately 0.9% of Buckingham Asset Management LLC’s portfolio, making the stock its 21st largest position. Buckingham Asset Management LLC’s holdings in Procter & Gamble Co. were worth $2,576,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in PG. State Street Corp increased its stake in shares of Procter & Gamble Co. by 1.1% in the first quarter. State Street Corp now owns 116,920,706 shares of the company’s stock worth $9,623,755,000 after buying an additional 1,310,690 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Procter & Gamble Co. by 0.7% in the first quarter. BlackRock Fund Advisors now owns 35,929,242 shares of the company’s stock worth $2,957,336,000 after buying an additional 265,762 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Procter & Gamble Co. by 1.5% in the first quarter. BlackRock Group LTD now owns 22,908,793 shares of the company’s stock worth $1,885,623,000 after buying an additional 342,222 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Procter & Gamble Co. by 0.3% in the first quarter. Geode Capital Management LLC now owns 22,881,597 shares of the company’s stock worth $1,879,774,000 after buying an additional 66,697 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Procter & Gamble Co. by 12.3% in the first quarter. TIAA CREF Investment Management LLC now owns 13,185,252 shares of the company’s stock worth $1,085,278,000 after buying an additional 1,441,177 shares in the last quarter. Institutional investors own 58.73% of the company’s stock.

Procter & Gamble Co. (NYSE:PG) traded up 1.36% on Thursday, hitting $88.99. 52,692,368 shares of the company traded hands. Procter & Gamble Co. has a 12 month low of $69.74 and a 12 month high of $89.30. The stock’s 50-day moving average is $87.30 and its 200 day moving average is $84.00. The firm has a market capitalization of $237.49 billion, a P/E ratio of 24.09 and a beta of 0.51.

Procter & Gamble Co. (NYSE:PG) last announced its earnings results on Tuesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The company earned $16.10 billion during the quarter, compared to analyst estimates of $15.83 billion. Procter & Gamble Co. had a net margin of 16.09% and a return on equity of 17.48%. Procter & Gamble Co.’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. Equities analysts forecast that Procter & Gamble Co. will post $0.02 EPS for the current fiscal year.

PG has been the topic of a number of research reports. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $88.00 price target (up from $81.00) on shares of Procter & Gamble Co. in a report on Friday, July 15th. Jefferies Group started coverage on shares of Procter & Gamble Co. in a report on Wednesday, June 15th. They issued a “buy” rating and a $95.00 price target on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $95.00 price objective on shares of Procter & Gamble Co. in a research note on Saturday, August 13th. B. Riley reissued a “neutral” rating and issued a $74.00 price objective on shares of Procter & Gamble Co. in a research note on Wednesday, August 3rd. Finally, Johnson Rice raised shares of Procter & Gamble Co. from an “accumulate” rating to a “buy” rating in a research note on Friday, August 26th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $89.58.

In other news, CEO David S. Taylor sold 72,525 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $85.76, for a total value of $6,219,744.00. Following the completion of the transaction, the chief executive officer now owns 136,933 shares of the company’s stock, valued at $11,743,374.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David S. Taylor sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $87.16, for a total transaction of $4,358,000.00. Following the completion of the transaction, the chief executive officer now directly owns 137,068 shares of the company’s stock, valued at approximately $11,946,846.88. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

About Procter & Gamble Co.

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.

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