Hefty Wealth Partners lowered its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 30.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,203 shares of the company’s stock after selling 3,527 shares during the quarter. Hefty Wealth Partners’ holdings in Procter & Gamble Company (The) were worth $714,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Triangle Securities Wealth Management raised its position in shares of Procter & Gamble Company (The) by 1.0% during the second quarter. Triangle Securities Wealth Management now owns 24,164 shares of the company’s stock worth $2,106,000 after purchasing an additional 245 shares during the period. Private Asset Management Inc. raised its position in shares of Procter & Gamble Company (The) by 10.9% during the second quarter. Private Asset Management Inc. now owns 96,738 shares of the company’s stock worth $8,431,000 after purchasing an additional 9,515 shares during the period. McQueen Ball & Associates Inc. raised its position in shares of Procter & Gamble Company (The) by 10.5% during the second quarter. McQueen Ball & Associates Inc. now owns 24,599 shares of the company’s stock worth $2,144,000 after purchasing an additional 2,337 shares during the period. Bath Savings Trust Co raised its position in shares of Procter & Gamble Company (The) by 2.3% during the second quarter. Bath Savings Trust Co now owns 31,393 shares of the company’s stock worth $2,736,000 after purchasing an additional 701 shares during the period. Finally, Pensionfund Sabic acquired a new stake in shares of Procter & Gamble Company (The) during the second quarter worth about $4,009,000. 59.33% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on PG. Macquarie began coverage on Procter & Gamble Company (The) in a research report on Thursday. They issued an “outperform” rating and a $102.00 target price on the stock. Vetr raised Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 target price on the stock in a research report on Friday. Jefferies Group LLC reissued a “buy” rating and issued a $103.00 target price on shares of Procter & Gamble Company (The) in a research report on Thursday, September 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $80.00 target price on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 6th. Finally, BidaskClub raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. Procter & Gamble Company (The) presently has an average rating of “Hold” and an average target price of $89.39.

Procter & Gamble Company (PG) traded down 0.43% on Friday, hitting $93.15. The company’s stock had a trading volume of 5,320,682 shares. The stock has a market cap of $237.53 billion, a PE ratio of 16.65 and a beta of 0.68. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $94.19. The firm has a 50 day moving average of $92.13 and a 200-day moving average of $89.58.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. Procter & Gamble Company (The)’s revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $0.79 earnings per share. On average, analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

In other Procter & Gamble Company (The) news, CEO David S. Taylor sold 6,382 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the transaction, the chief executive officer now directly owns 134,884 shares of the company’s stock, valued at $12,414,723.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark F. Biegger sold 2,660 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $244,826.40. Following the transaction, the insider now directly owns 23,133 shares of the company’s stock, valued at $2,129,161.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,792 shares of company stock valued at $4,216,070. 0.35% of the stock is owned by corporate insiders.

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Procter & Gamble Company (The) Company Profile

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 Company (The) (NYSE:PG)

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