Confluence Investment Management LLC boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 5.9% in the second quarter, HoldingsChannel.com reports. The fund owned 180,789 shares of the company’s stock after buying an additional 10,058 shares during the quarter. Confluence Investment Management LLC’s holdings in Procter & Gamble were worth $14,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PG. BLB&B Advisors LLC boosted its position in shares of Procter & Gamble by 0.8% during the second quarter. BLB&B Advisors LLC now owns 140,164 shares of the company’s stock worth $10,941,000 after purchasing an additional 1,113 shares in the last quarter. Accurate Investment Solutions Inc. boosted its position in shares of Procter & Gamble by 9.3% during the second quarter. Accurate Investment Solutions Inc. now owns 44,378 shares of the company’s stock worth $3,464,000 after purchasing an additional 3,777 shares in the last quarter. SOL Capital Management CO boosted its position in shares of Procter & Gamble by 21.9% during the second quarter. SOL Capital Management CO now owns 21,444 shares of the company’s stock worth $1,674,000 after purchasing an additional 3,857 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Procter & Gamble by 5.3% during the second quarter. First Citizens Bank & Trust Co. now owns 91,616 shares of the company’s stock worth $7,152,000 after purchasing an additional 4,578 shares in the last quarter. Finally, Catawba Capital Management VA boosted its position in shares of Procter & Gamble by 1.9% during the second quarter. Catawba Capital Management VA now owns 82,548 shares of the company’s stock worth $6,444,000 after purchasing an additional 1,503 shares in the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on PG shares. Citigroup reduced their price target on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. SunTrust Banks lifted their price target on shares of Procter & Gamble to $80.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Deutsche Bank lifted their price target on shares of Procter & Gamble from $81.00 to $84.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Morgan Stanley lifted their price target on shares of Procter & Gamble from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Finally, Jefferies Financial Group cut shares of Procter & Gamble to a “hold” rating and set a $79.00 price target on the stock. in a research report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.09.

In related news, SVP Valarie L. Sheppard sold 27,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $80.66, for a total value of $2,177,820.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ciserani Giovanni sold 12,034 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $77.41, for a total transaction of $931,551.94. Following the completion of the sale, the insider now directly owns 63,062 shares in the company, valued at $4,881,629.42. The disclosure for this sale can be found here. Insiders sold a total of 154,178 shares of company stock worth $12,562,219 over the last ninety days. 1.84% of the stock is currently owned by insiders.

PG opened at $81.91 on Friday. The firm has a market capitalization of $208.36 billion, a P/E ratio of 19.41, a P/E/G ratio of 2.66 and a beta of 0.57. Procter & Gamble Co has a 12 month low of $70.73 and a 12 month high of $94.67. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.52 billion. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. equities analysts forecast that Procter & Gamble Co will post 4.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Friday, July 20th were given a $0.7172 dividend. The ex-dividend date was Thursday, July 19th. This represents a $2.87 annualized dividend and a yield of 3.50%. Procter & Gamble’s dividend payout ratio is currently 68.01%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

See Also: Hedge Funds

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

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