Cambridge Advisors Inc. reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,372 shares of the company’s stock after selling 990 shares during the period. Cambridge Advisors Inc.’s holdings in Procter & Gamble Company (The) were worth $1,165,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PG. Asset Planning Services Ltd. increased its holdings in Procter & Gamble Company (The) by 79.7% during the first 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 during the last quarter. Riggs Asset Managment Co. Inc. increased its holdings in Procter & Gamble Company (The) by 11.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after buying an additional 170 shares during the last quarter. Edge Wealth Management LLC increased its holdings in Procter & Gamble Company (The) by 17.1% during the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after buying an additional 240 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in Procter & Gamble Company (The) during the first quarter valued at approximately $184,000. Finally, Watermark Asset Management Inc. purchased a new stake in Procter & Gamble Company (The) during the first quarter valued at approximately $201,000. 59.29% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on PG shares. Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Tuesday, August 1st. Vetr cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 target price for the company. in a report on Monday, July 3rd. Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $5.00 to $2.00 in a report on Thursday, June 22nd. BidaskClub cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $98.00 target price on shares of Procter & Gamble Company (The) in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $90.00.

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Shares of Procter & Gamble Company (NYSE PG) traded down 0.43% during trading on Friday, hitting $92.24. 6,837,699 shares of the company were exchanged. The firm’s 50-day moving average price is $92.38 and its 200 day moving average price is $89.61. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $94.45. The firm has a market capitalization of $235.21 billion, a PE ratio of 16.49 and a beta of 0.68.

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, topping the consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion during 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 firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 EPS. On average, equities research analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

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

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.

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

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