Lau Associates LLC increased its holdings in Procter & Gamble Company (The) (NYSE:PG) by 36.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,319 shares of the company’s stock after purchasing an additional 10,563 shares during the period. Procter & Gamble Company (The) makes up about 2.7% of Lau Associates LLC’s holdings, making the stock its 9th biggest holding. Lau Associates LLC’s holdings in Procter & Gamble Company (The) were worth $3,427,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Asset Planning Services Ltd. boosted its position in Procter & Gamble Company (The) by 79.7% during 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 during the period. Riggs Asset Managment Co. Inc. boosted its position in Procter & Gamble Company (The) by 11.9% during 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 during the period. Edge Wealth Management LLC boosted its position in Procter & Gamble Company (The) by 17.1% during 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 during the period. Feltz Wealth PLAN Inc. purchased a new stake in Procter & Gamble Company (The) during the 1st quarter valued at $184,000. Finally, Watermark Asset Management Inc. purchased a new stake in Procter & Gamble Company (The) during the 1st quarter valued at $201,000. 59.33% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on PG shares. Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. Royal Bank Of Canada reissued a “hold” rating and set a $80.00 price target on shares of Procter & Gamble Company (The) in a research report on Friday, June 30th. Vetr cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target for the company. in a research report on Monday, July 3rd. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, BidaskClub cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $89.39.

Shares of Procter & Gamble Company (PG) traded down 0.30% on Friday, hitting $93.27. 12,428,828 shares of the company traded hands. The firm has a market capitalization of $237.84 billion, a P/E ratio of 16.68 and a beta of 0.68. The firm’s 50-day moving average is $92.20 and its 200 day moving average is $89.60. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $94.19.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The company had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. During the same period in the prior year, the firm earned $0.79 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts anticipate that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

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In related news, Vice Chairman Jon R. Moeller sold 6,063 shares of the company’s stock in a transaction dated 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 directly owns 120,734 shares of the company’s stock, valued at $11,112,357.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,792 shares of company stock valued at $4,216,070. 0.35% of the stock is owned by insiders.

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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