Russell Investments Group Ltd. raised its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,794,127 shares of the company’s stock after acquiring an additional 38,336 shares during the period. Procter & Gamble Company (The) makes up 0.6% of Russell Investments Group Ltd.’s portfolio, making the stock its 19th biggest holding. Russell Investments Group Ltd. owned approximately 0.15% of Procter & Gamble Company (The) worth $330,726,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. boosted its holdings in Procter & Gamble Company (The) by 79.7% during the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after acquiring an additional 526 shares during the period. Riggs Asset Managment Co. Inc. boosted its holdings in Procter & Gamble Company (The) by 11.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after acquiring an additional 170 shares during the period. Edge Wealth Management LLC boosted its holdings in Procter & Gamble Company (The) by 17.1% during the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after acquiring an additional 240 shares during the period. Feltz Wealth PLAN Inc. bought a new stake in Procter & Gamble Company (The) during the first quarter valued at about $184,000. Finally, Watermark Asset Management Inc. bought a new stake in Procter & Gamble Company (The) during the first quarter valued at about $201,000. Institutional investors own 59.29% of the company’s stock.

Procter & Gamble Company (NYSE PG) traded down 0.43% during mid-day trading on Friday, hitting $92.24. 6,837,699 shares of the stock traded hands. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.45. The firm has a market cap of $235.21 billion, a P/E ratio of 16.49 and a beta of 0.68. The firm’s 50-day moving average price is $92.38 and its 200-day moving average price is $89.61.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Thursday, July 27th. The company reported $0.85 EPS 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 net margin of 23.56% and a return on equity of 19.97%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 EPS. On average, equities analysts forecast that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

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In other news, insider Mark F. Biegger sold 2,660 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $244,826.40. Following the completion of the transaction, the insider now directly owns 23,133 shares in the company, valued at approximately $2,129,161.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. Insiders sold a total of 45,792 shares of company stock valued at $4,216,070 over the last 90 days. Corporate insiders own 0.35% of the company’s stock.

A number of research analysts have recently commented on PG shares. Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Tuesday, August 1st. Vetr lowered shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price objective for the company. in a research report on Monday, July 3rd. Capital One Financial Corporation lowered shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. BidaskClub lowered shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $98.00 price objective on shares of Procter & Gamble Company (The) in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $90.00.

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.

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

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