Perigon Wealth Management LLC lessened its position in Procter & Gamble Company (The) (NYSE:PG) by 13.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,067 shares of the company’s stock after selling 1,906 shares during the period. Perigon Wealth Management LLC’s holdings in Procter & Gamble were worth $1,052,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of PG. Vanguard Group Inc. boosted its holdings in shares of Procter & Gamble by 2.3% in the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after buying an additional 4,066,266 shares during the period. BlackRock Inc. boosted its holdings in shares of Procter & Gamble by 1.4% in the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after buying an additional 2,164,426 shares during the period. Trian Fund Management L.P. boosted its holdings in shares of Procter & Gamble by 2.4% in the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after buying an additional 893,157 shares during the period. American Century Companies Inc. boosted its holdings in shares of Procter & Gamble by 8.1% in the second quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock valued at $1,088,573,000 after buying an additional 934,179 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of Procter & Gamble by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after buying an additional 5,278,359 shares during the period. 59.54% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Vetr upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target for the company in a report on Monday, October 23rd. Deutsche Bank assumed coverage on shares of Procter & Gamble in a report on Wednesday. They issued a “buy” rating and a $101.00 price target for the company. Bank of America upped their price target on shares of Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Finally, Stifel Nicolaus set a $87.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $88.31.

In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 2,856 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $92.98, for a total value of $265,550.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Carolyn M. Tastad sold 5,300 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.18, for a total transaction of $472,654.00. Following the completion of the sale, the insider now owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,575 shares of company stock valued at $1,927,095. Corporate insiders own 0.35% of the company’s stock.

Shares of Procter & Gamble Company (NYSE:PG) traded up $0.89 during mid-day trading on Friday, reaching $91.89. 14,857,992 shares of the company’s stock were exchanged, compared to its average volume of 6,060,096. The firm has a market capitalization of $233,121.06, a PE ratio of 23.09, a P/E/G ratio of 2.96 and a beta of 0.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. Procter & Gamble Company has a 12-month low of $83.24 and a 12-month high of $94.67.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. research analysts expect that Procter & Gamble Company will post 4.17 EPS for the current fiscal year.

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Procter & Gamble 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 (NYSE:PG)

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