Boltwood Capital Management trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG) by 2.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,182 shares of the company’s stock after selling 716 shares during the quarter. Procter & Gamble Company (The) comprises 1.8% of Boltwood Capital Management’s portfolio, making the stock its 11th biggest holding. Boltwood Capital Management’s holdings in Procter & Gamble Company (The) were worth $2,630,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Thomaspartners Inc. raised its holdings in shares of Procter & Gamble Company (The) by 9.9% in the first quarter. Thomaspartners Inc. now owns 2,483,566 shares of the company’s stock valued at $223,148,000 after buying an additional 224,714 shares during the last quarter. Holderness Investments Co. raised its holdings in shares of Procter & Gamble Company (The) by 78.2% in the first quarter. Holderness Investments Co. now owns 21,467 shares of the company’s stock valued at $1,929,000 after buying an additional 9,419 shares during the last quarter. Nuance Investments LLC bought a new position in shares of Procter & Gamble Company (The) in the first quarter valued at about $42,694,000. Clearbridge Investments LLC raised its holdings in shares of Procter & Gamble Company (The) by 0.9% in the first quarter. Clearbridge Investments LLC now owns 4,216,380 shares of the company’s stock valued at $378,842,000 after buying an additional 36,104 shares during the last quarter. Finally, Gradient Investments LLC raised its holdings in shares of Procter & Gamble Company (The) by 16.7% in the first quarter. Gradient Investments LLC now owns 69,541 shares of the company’s stock valued at $6,248,000 after buying an additional 9,966 shares during the last quarter. 59.29% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Company (NYSE PG) remained flat at $93.27 during trading on Monday. The stock had a trading volume of 2,363,905 shares. The firm’s 50 day moving average price is $92.20 and its 200-day moving average price is $89.60. The stock has a market capitalization of $237.84 billion, a P/E ratio of 16.68 and a beta of 0.68. 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 issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

A number of research firms recently issued reports on PG. Vetr raised Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price target for the company in a report on Friday. Macquarie started coverage on Procter & Gamble Company (The) in a report on Thursday. They issued an “outperform” rating and a $102.00 price target for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $103.00 price objective on shares of Procter & Gamble Company (The) in a research report on Thursday, September 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 6th. Finally, BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. 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 stock presently has a consensus rating of “Hold” and a consensus target price of $89.39.

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In related news, insider Mark F. Biegger sold 2,660 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the sale, the insider now owns 23,133 shares of the company’s stock, valued at $2,129,161.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Taylor sold 6,382 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $587,399.28. Following the sale, the chief executive officer now directly owns 134,884 shares of the company’s stock, valued at approximately $12,414,723.36. The disclosure for this sale can be found here. In the last three months, insiders sold 45,792 shares of company stock valued at $4,216,070. Insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

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 Company (The) (NYSE:PG)

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