First Citizens Bank & Trust Co. lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,785 shares of the company’s stock after selling 2,524 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Procter & Gamble Company (The) were worth $3,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Planning Services Ltd. raised its stake in shares of Procter & Gamble Company (The) by 79.7% during the 1st quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after acquiring an additional 526 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its stake in shares of Procter & Gamble Company (The) by 11.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after acquiring an additional 170 shares in the last quarter. Edge Wealth Management LLC raised its stake in shares of Procter & Gamble Company (The) by 17.1% during the 1st quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after acquiring an additional 240 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new position in shares of Procter & Gamble Company (The) during the 1st quarter worth approximately $184,000. Finally, Watermark Asset Management Inc. bought a new position in shares of Procter & Gamble Company (The) during the 1st quarter worth approximately $201,000. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Several research firms recently commented on PG. Macquarie began coverage on shares of Procter & Gamble Company (The) in a research note on Thursday. They set an “outperform” rating and a $102.00 price objective for the company. Vetr upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price objective for the company in a research note on Friday. Jefferies Group LLC reiterated a “buy” rating and set a $92.44 price objective (down previously from $103.00) on shares of Procter & Gamble Company (The) in a research note on Thursday, August 17th. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research note on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Procter & Gamble Company (The) presently has an average rating of “Hold” and a consensus price target of $89.39.

In related news, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mark F. Biegger sold 2,660 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the sale, the insider now owns 23,133 shares in the company, valued at $2,129,161.32. The disclosure for this sale can be found here. Insiders have sold a total of 45,792 shares of company stock worth $4,216,070 over the last 90 days. Insiders own 0.35% of the company’s stock.

Shares of Procter & Gamble Company (NYSE PG) traded down 0.30% during mid-day trading on Friday, reaching $93.27. 12,428,828 shares of the company were exchanged. The stock has a 50 day moving average price of $92.20 and a 200-day moving average price of $89.60. The stock has a market capitalization of $237.84 billion, a P/E ratio of 16.68 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.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. Analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current year.

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About Procter & Gamble Company (The)

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.

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

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