Beacon Financial Group lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,168 shares of the company’s stock after buying an additional 2,014 shares during the period. Procter & Gamble Company (The) comprises 2.0% of Beacon Financial Group’s investment portfolio, making the stock its 10th largest position. Beacon Financial Group’s holdings in Procter & Gamble Company (The) were worth $10,366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PG. Asset Planning Services Ltd. raised its holdings 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 valued at $107,000 after buying an additional 526 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its stake in Procter & Gamble Company (The) by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the period. Edge Wealth Management LLC increased its stake in Procter & Gamble Company (The) by 17.1% in the 1st quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after purchasing an additional 240 shares during the period. Feltz Wealth PLAN Inc. purchased a new position in Procter & Gamble Company (The) in the 1st quarter worth approximately $184,000. Finally, Watermark Asset Management Inc. purchased a new position in Procter & Gamble Company (The) in the 1st quarter worth approximately $201,000. 59.29% of the stock is currently owned by institutional investors.

A number of brokerages have commented on PG. Bank of America Corporation lifted their price target on Procter & Gamble Company (The) from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday. Vetr raised Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price target on the stock in a research note on Friday. Macquarie began coverage on Procter & Gamble Company (The) in a research note on Thursday, September 14th. They issued an “outperform” rating and a $102.00 price target on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $103.00 price target on shares of Procter & Gamble Company (The) in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Procter & Gamble Company (The) in a research note on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. Procter & Gamble Company (The) has an average rating of “Hold” and an average target price of $89.95.

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Procter & Gamble Company (NYSE PG) traded up 1.25% during midday trading on Tuesday, hitting $94.31. The company had a trading volume of 2,892,730 shares. The stock has a 50 day moving average price of $92.28 and a 200 day moving average price of $89.59. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.37. The company has a market capitalization of $240.49 billion, a P/E ratio of 16.86 and a beta of 0.68. Procter & Gamble Company (The) also saw unusually large options trading on Monday. Investors purchased 9,776 call options on the stock. This is an increase of approximately 179% compared to the average volume of 3,510 call options.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The company had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Procter & Gamble Company (The)’s revenue was down .1% compared to the same quarter last year. Equities analysts forecast that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

In related news, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $91.00, for a total value of $956,592.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David S. Taylor sold 6,382 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $587,399.28. Following the completion of the transaction, the chief executive officer now directly owns 134,884 shares in the company, valued at approximately $12,414,723.36. The disclosure for this sale can be found here. In the last three months, insiders sold 45,792 shares of company stock worth $4,216,070. 0.35% of the stock is owned by insiders.

Procter & Gamble Company (The) 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.

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

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