Capstone Asset Management Co. reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 2.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 262,559 shares of the company’s stock after selling 7,658 shares during the period. Procter & Gamble Company (The) accounts for about 0.6% of Capstone Asset Management Co.’s portfolio, making the stock its 18th largest position. Capstone Asset Management Co.’s holdings in Procter & Gamble Company (The) were worth $22,882,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. boosted its holdings in shares of Procter & Gamble Company (The) by 79.7% in 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. boosted its holdings in shares of 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 valued at $144,000 after buying an additional 170 shares in the last quarter. Edge Wealth Management LLC boosted its holdings in shares of 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 valued at $148,000 after buying an additional 240 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new stake in shares of Procter & Gamble Company (The) in the 1st quarter valued at about $184,000. Finally, Watermark Asset Management Inc. bought a new stake in shares of Procter & Gamble Company (The) in the 1st quarter valued at about $201,000. Institutional investors and hedge funds own 59.29% of the company’s stock.

In other Procter & Gamble Company (The) news, insider Mark F. Biegger sold 2,660 shares of the business’s 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 $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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $558,038.52. Following the completion of the sale, the insider now owns 120,734 shares of the company’s stock, valued at approximately $11,112,357.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,792 shares of company stock valued at $4,216,070. 0.35% of the stock is owned by company insiders.

A number of analysts have recently weighed in on the stock. Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $5.00 to $2.00 in a report on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and issued a $92.44 price target (down from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. 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. Sanford C. Bernstein restated an “outperform” rating and issued a $100.00 price target (up from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, BidaskClub upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. Procter & Gamble Company (The) presently has an average rating of “Hold” and an average target price of $90.00.

Procter & Gamble Company (PG) traded down 0.43% during trading on Friday, reaching $92.24. 6,837,699 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $92.38 and a 200-day moving average of $89.61. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.45. The stock 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 data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating 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 company had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter in the previous year, the business earned $0.79 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current year.

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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.

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

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