Naples Global Advisors LLC trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,090 shares of the company’s stock after selling 1,700 shares during the period. Procter & Gamble Company (The) accounts for approximately 2.1% of Naples Global Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Naples Global Advisors LLC’s holdings in Procter & Gamble Company (The) were worth $5,934,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Northwest Wealth Management LLC increased its position in shares of Procter & Gamble Company (The) by 0.3% in the 2nd quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock valued at $223,000 after acquiring an additional 8 shares during the period. Cascade Investment Advisors Inc. increased its position in shares of Procter & Gamble Company (The) by 0.5% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock valued at $296,000 after acquiring an additional 17 shares during the period. RB Capital Management LLC increased its position in shares of Procter & Gamble Company (The) by 0.3% in the 1st quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after acquiring an additional 20 shares during the period. Cottage Street Advisors LLC increased its position in shares of Procter & Gamble Company (The) by 0.4% in the 1st quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock valued at $615,000 after acquiring an additional 25 shares during the period. Finally, Sheets Smith Wealth Management increased its position in shares of Procter & Gamble Company (The) by 0.7% in the 2nd quarter. Sheets Smith Wealth Management now owns 4,322 shares of the company’s stock valued at $377,000 after acquiring an additional 32 shares during the period. 59.29% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $92.44 price target (down from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday, August 17th. BidaskClub raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Stifel Nicolaus reaffirmed a “hold” rating and set a $90.00 price target (up from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Zacks Investment Research downgraded Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Vetr downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target on the stock. in a research report on Monday, July 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $90.00.

Shares of Procter & Gamble Company (NYSE:PG) traded up 0.10% on Friday, reaching $90.98. 6,634,464 shares of the company were exchanged. The stock has a 50 day moving average of $92.38 and a 200-day moving average of $89.61. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.67. The company has a market capitalization of $232.00 billion, a P/E ratio of 16.27 and a beta of 0.68. Procter & Gamble Company (The) also was the target of unusually large options trading activity on Wednesday. Stock investors purchased 8,101 put options on the company. This represents an increase of 258% compared to the average volume of 2,266 put options.

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

In related news, insider Mark F. Biegger sold 2,660 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $244,826.40. Following 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 SEC, which can be accessed through this link. Also, SVP Valarie L. Sheppard sold 20,175 shares of the business’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. In the last three months, insiders have sold 45,792 shares of company stock worth $4,216,070. 0.35% of the stock is owned by insiders.

Procter & Gamble Company (The) 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.

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

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