Puzo Michael J lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,423 shares of the company’s stock after selling 365 shares during the period. Procter & Gamble Company (The) makes up about 3.2% of Puzo Michael J’s portfolio, making the stock its 10th largest holding. Puzo Michael J’s holdings in Procter & Gamble Company (The) were worth $5,876,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of PG. Karp Capital Management Corp bought a new position in Procter & Gamble Company (The) in the first quarter valued at about $126,275,000. Bank of Nova Scotia raised its stake in Procter & Gamble Company (The) by 232.6% during the first quarter. Bank of Nova Scotia now owns 1,227,101 shares of the company’s stock worth $110,256,000 after acquiring an additional 858,200 shares in the last quarter. Hermes Investment Management Ltd. raised its stake in Procter & Gamble Company (The) by 2,810.3% during the first quarter. Hermes Investment Management Ltd. now owns 738,390 shares of the company’s stock worth $66,344,000 after acquiring an additional 713,018 shares in the last quarter. British Airways Pensions Investment Management Ltd acquired a new position in Procter & Gamble Company (The) during the first quarter worth about $52,682,000. Finally, Nuance Investments LLC acquired a new position in Procter & Gamble Company (The) during the first quarter worth about $42,694,000. 59.30% of the stock is owned by institutional investors.

In other news, insider Mark F. Biegger sold 2,660 shares of the 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 transaction, the insider now owns 23,133 shares in the company, valued at approximately $2,129,161.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction that occurred on 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. Insiders have sold a total of 45,792 shares of company stock worth $4,216,070 over the last three months. Insiders own 0.35% of the company’s stock.

PG has been the subject of a number of research reports. Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Tuesday, August 1st. 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 report on Thursday, August 17th. BidaskClub raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Bank of America Corporation upped their price objective on shares of Procter & Gamble Company (The) from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Finally, Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $5.00 to $2.00 in a research report on Thursday, June 22nd. 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 has a consensus rating of “Hold” and an average price target of $90.00.

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Procter & Gamble Company (PG) traded up 1.41% on Monday, reaching $92.26. 3,175,701 shares of the company’s stock traded hands. The firm has a market cap of $235.26 billion, a PE ratio of 16.50 and a beta of 0.67. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $94.67. The firm’s 50-day moving average is $92.38 and its 200 day moving average is $89.61.

Procter & Gamble Company (The) (NYSE:PG) last posted its earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $16.08 billion during 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 posted $0.79 EPS. Equities analysts predict that Procter & Gamble Company will post $4.17 EPS for the current year.

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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