Osborne Partners Capital Management LLC cut its stake in shares of Procter & Gamble Co. (NYSE:PG) by 1.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 171,183 shares of the company’s stock after selling 1,744 shares during the period. Procter & Gamble Co. makes up about 2.2% of Osborne Partners Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Osborne Partners Capital Management LLC’s holdings in Procter & Gamble Co. were worth $14,494,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in PG. BlackRock Fund Advisors boosted its position in Procter & Gamble Co. by 0.7% in the first quarter. BlackRock Fund Advisors now owns 35,929,242 shares of the company’s stock worth $2,957,336,000 after buying an additional 265,762 shares during the last quarter. Ngam Advisors L.P. boosted its position in Procter & Gamble Co. by 5.2% in the first quarter. Ngam Advisors L.P. now owns 598,608 shares of the company’s stock worth $49,271,000 after buying an additional 29,768 shares during the last quarter. First Financial Bank N.A. Trust Division boosted its position in Procter & Gamble Co. by 3.5% in the second quarter. First Financial Bank N.A. Trust Division now owns 343,217 shares of the company’s stock worth $29,060,000 after buying an additional 11,650 shares during the last quarter. Marathon Asset Management LLP boosted its position in Procter & Gamble Co. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 2,051,718 shares of the company’s stock worth $173,719,000 after buying an additional 38,942 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Procter & Gamble Co. by 2.2% in the first quarter. Prudential Financial Inc. now owns 6,665,314 shares of the company’s stock worth $548,622,000 after buying an additional 145,882 shares during the last quarter. Institutional investors and hedge funds own 58.73% of the company’s stock.

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

Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.87% on Friday, reaching $90.00. The company’s stock had a trading volume of 20,518,765 shares. The company’s 50-day moving average is $88.09 and its 200 day moving average is $84.54. The company has a market capitalization of $240.19 billion, a price-to-earnings ratio of 24.36 and a beta of 0.54. Procter & Gamble Co. has a 12-month low of $73.50 and a 12-month high of $90.22.

Procter & Gamble Co. (NYSE:PG) last released its earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The business had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.83 billion. During the same period in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts anticipate that Procter & Gamble Co. will post $0.02 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on PG. Zacks Investment Research raised Procter & Gamble Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Vetr lowered Procter & Gamble Co. from a “buy” rating to a “hold” rating and set a $89.50 target price on the stock. in a research report on Tuesday, July 19th. JPMorgan Chase & Co. set a $99.00 target price on Procter & Gamble Co. and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Jefferies Group reaffirmed a “buy” rating and set a $98.00 target price on shares of Procter & Gamble Co. in a research report on Thursday, August 4th. Finally, Citigroup Inc. upped their target price on Procter & Gamble Co. from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Procter & Gamble Co. presently has an average rating of “Buy” and a consensus price target of $89.49.

In other Procter & Gamble Co. news, insider Juan Fernando Posada sold 3,501 shares of the business’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $89.50, for a total value of $313,339.50. Following the sale, the insider now directly owns 19,953 shares of the company’s stock, valued at $1,785,793.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David S. Taylor sold 72,525 shares of the business’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $85.76, for a total value of $6,219,744.00. Following the completion of the sale, the chief executive officer now directly owns 136,933 shares in the company, valued at $11,743,374.08. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

About Procter & Gamble Co.

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.

5 Day Chart for NYSE:PG

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