Procter & Gamble Co. (PG) Shares Bought by Retirement Planning Group
Retirement Planning Group increased its stake in Procter & Gamble Co. (NYSE:PG) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,072 shares of the company’s stock after buying an additional 150 shares during the period. Retirement Planning Group’s holdings in Procter & Gamble Co. were worth $345,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of PG. Bank of Montreal Can acquired a new position in Procter & Gamble Co. during the second quarter worth approximately $201,298,000. Wellington Management Group LLP increased its position in Procter & Gamble Co. by 17.5% in the first quarter. Wellington Management Group LLP now owns 12,451,833 shares of the company’s stock worth $1,024,911,000 after buying an additional 1,852,661 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Procter & Gamble Co. during the first quarter worth approximately $119,711,000. TIAA CREF Investment Management LLC increased its position in 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 during the last quarter. Finally, State Street Corp increased its position in 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 during the last quarter. Institutional investors own 58.73% of the company’s stock.
Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.54% on Wednesday, reaching $88.83. 36,146,725 shares of the company’s stock were exchanged. The stock has a market cap of $237.07 billion, a P/E ratio of 24.05 and a beta of 0.54. Procter & Gamble Co. has a 52-week low of $73.32 and a 52-week high of $90.22. The company’s 50 day moving average price is $87.89 and its 200-day moving average price is $84.43.
Procter & Gamble Co. (NYSE:PG) last posted its earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The firm earned $16.10 billion during the quarter, compared to analysts’ expectations of $15.83 billion. Procter & Gamble Co. had a net margin of 16.09% and a return on equity of 17.48%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. Equities analysts forecast that Procter & Gamble Co. will post $0.02 EPS for the current fiscal year.
A number of equities analysts have recently commented on PG shares. Jefferies Group reaffirmed a “buy” rating and set a $95.00 price objective on shares of Procter & Gamble Co. in a report on Thursday, June 23rd. Stifel Nicolaus set a $93.00 price objective on shares of Procter & Gamble Co. and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of Procter & Gamble Co. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Deutsche Bank AG reissued a “buy” rating and set a $92.00 price target (up from $85.00) on shares of Procter & Gamble Co. in a report on Sunday, July 24th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $88.00 price target (up from $81.00) on shares of Procter & Gamble Co. in a report on Friday, July 15th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Procter & Gamble Co. presently has an average rating of “Buy” and a consensus target price of $89.49.
In related 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 in the company, valued at approximately $11,743,374.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Juan Fernando Posada sold 3,501 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $89.50, for a total transaction of $313,339.50. Following the completion of the transaction, the insider now owns 19,953 shares of the company’s stock, valued at approximately $1,785,793.50. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.
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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