Evanson Asset Management LLC cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,463 shares of the company’s stock after selling 372 shares during the period. Evanson Asset Management LLC’s holdings in Procter & Gamble Company (The) were worth $563,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Planning Services Ltd. grew its holdings in shares of Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after purchasing an additional 526 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of Procter & Gamble Company (The) by 11.9% in the first 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 last quarter. Edge Wealth Management LLC grew its holdings in shares of Procter & Gamble Company (The) by 17.1% in the first 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 last quarter. Feltz Wealth PLAN Inc. bought a new position in shares of Procter & Gamble Company (The) in the first quarter worth about $184,000. Finally, Watermark Asset Management Inc. bought a new position in shares of Procter & Gamble Company (The) in the first quarter worth about $201,000. Hedge funds and other institutional investors own 59.29% of the company’s stock.

Procter & Gamble Company (NYSE:PG) traded down 0.43% during mid-day trading on Friday, hitting $92.24. 6,837,699 shares of the stock were exchanged. The company has a 50 day moving average of $92.38 and a 200 day moving average of $89.61. The firm has a market cap of $235.21 billion, a P/E ratio of 16.49 and a beta of 0.68. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $94.45.

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

In other news, SVP Valarie L. Sheppard sold 20,175 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Taylor sold 6,382 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 value of $587,399.28. Following the transaction, the chief executive officer now directly owns 134,884 shares of the company’s stock, valued at $12,414,723.36. 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. Corporate insiders own 0.35% of the company’s stock.

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PG has been the topic of a number of research analyst reports. Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $5.00 to $2.00 in a report on Thursday, June 22nd. Royal Bank Of Canada restated a “hold” rating and issued a $80.00 price target on shares of Procter & Gamble Company (The) in a report on Friday, June 30th. Vetr cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target on the stock. in a report on Monday, July 3rd. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, BidaskClub cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $90.00.

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.

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

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