Culbertson A N & Co. Inc. Has $5.19 Million Position in Procter & Gamble Co (PG)
Culbertson A N & Co. Inc. cut its position in Procter & Gamble Co (NYSE:PG) by 5.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,420 shares of the company’s stock after selling 3,472 shares during the quarter. Procter & Gamble comprises approximately 1.5% of Culbertson A N & Co. Inc.’s holdings, making the stock its 23rd biggest position. Culbertson A N & Co. Inc.’s holdings in Procter & Gamble were worth $5,185,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the stock. HC Financial Advisors Inc. bought a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $1,738,000. Relaxing Retirement Coach bought a new position in Procter & Gamble in the fourth quarter worth approximately $388,000. Itau Unibanco Holding S.A. grew its stake in Procter & Gamble by 11.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 8,538 shares of the company’s stock worth $784,000 after purchasing an additional 844 shares in the last quarter. SNS Financial Group LLC grew its stake in Procter & Gamble by 379.0% in the fourth quarter. SNS Financial Group LLC now owns 49,109 shares of the company’s stock worth $4,512,000 after purchasing an additional 38,857 shares in the last quarter. Finally, Virtus Fund Advisers LLC grew its stake in Procter & Gamble by 39.6% in the fourth quarter. Virtus Fund Advisers LLC now owns 1,644,724 shares of the company’s stock worth $151,117,000 after purchasing an additional 466,847 shares in the last quarter. 58.49% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE PG opened at $84.25 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40. The firm has a market cap of $209.52 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.67 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.
PG has been the topic of several research analyst reports. Zacks Investment Research cut Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Monday, June 25th. Deutsche Bank increased their price objective on Procter & Gamble from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Wells Fargo & Co reissued a “hold” rating on shares of Procter & Gamble in a research note on Tuesday, July 31st. Citigroup dropped their price objective on Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a research note on Friday, July 20th. Finally, ValuEngine raised Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $83.96.
In other Procter & Gamble news, insider Kathleen B. Fish sold 26,946 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $80.55, for a total transaction of $2,170,500.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Valarie L. Sheppard sold 27,000 shares of the 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 disclosure for this sale can be found here. Insiders have sold a total of 147,186 shares of company stock worth $12,080,849 in the last ninety days. Insiders own 1.84% of the company’s stock.
Procter & Gamble 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.
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