Benin Management CORP lowered its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,627 shares of the company’s stock after selling 100 shares during the period. Procter & Gamble Company (The) comprises about 1.1% of Benin Management CORP’s portfolio, making the stock its 21st biggest holding. Benin Management CORP’s holdings in Procter & Gamble Company (The) were worth $2,669,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Asset Planning Services Ltd. grew its position in 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 during the last quarter. Riggs Asset Managment Co. Inc. grew its position in 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 during the last quarter. Edge Wealth Management LLC grew its position in 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 during the last quarter. Feltz Wealth PLAN Inc. bought a new stake in Procter & Gamble Company (The) during the 1st quarter worth $184,000. Finally, Watermark Asset Management Inc. bought a new stake in Procter & Gamble Company (The) during the 1st quarter worth $201,000. 59.29% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on PG. Macquarie began coverage on Procter & Gamble Company (The) in a research report on Thursday, September 14th. They set an “outperform” rating and a $102.00 price objective on the stock. Jefferies Group LLC restated 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 report on Thursday, August 17th. Bank of America Corporation boosted their price objective on Procter & Gamble Company (The) from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday. Vetr upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price objective on the stock in a research report on Friday, September 15th. Finally, BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. Procter & Gamble Company (The) has a consensus rating of “Hold” and an average target price of $90.00.

TRADEMARK VIOLATION WARNING: “Procter & Gamble Company (The) (PG) Shares Sold by Benin Management CORP” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/21/procter-gamble-company-the-pg-shares-sold-by-benin-management-corp.html.

Shares of Procter & Gamble Company (PG) traded down 1.5995% during mid-day trading on Thursday, hitting $92.8901. The stock had a trading volume of 3,797,684 shares. The stock’s 50-day moving average price is $92.38 and its 200-day moving average price is $89.61. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.50. The firm has a market cap of $236.87 billion, a PE ratio of 16.6083 and a beta of 0.68. Procter & Gamble Company (The) also was the target of some unusual options trading on Monday. Traders acquired 9,776 call options on the stock. This is an increase of 179% compared to the average volume of 3,510 call options.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same period in the previous year, the firm posted $0.79 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, analysts anticipate that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

In other news, CEO David S. Taylor sold 6,382 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Tuesday, August 15th. The shares were 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 in the company, valued at $12,414,723.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Insiders have sold 45,792 shares of company stock valued at $4,216,070 over the last quarter. Company insiders own 0.35% of the company’s stock.

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.

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

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.