Notis McConarty Edward trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,863 shares of the company’s stock after selling 585 shares during the quarter. Procter & Gamble Company (The) accounts for approximately 3.3% of Notis McConarty Edward’s portfolio, making the stock its 4th largest holding. Notis McConarty Edward’s holdings in Procter & Gamble Company (The) were worth $5,130,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Karp Capital Management Corp purchased a new position in Procter & Gamble Company (The) in the first quarter worth $126,275,000. Bank of Nova Scotia boosted its position in shares of Procter & Gamble Company (The) by 232.6% during the 1st quarter. Bank of Nova Scotia now owns 1,227,101 shares of the company’s stock worth $110,256,000 after purchasing an additional 858,200 shares in the last quarter. Hermes Investment Management Ltd. boosted its position in shares of Procter & Gamble Company (The) by 2,810.3% during the 1st quarter. Hermes Investment Management Ltd. now owns 738,390 shares of the company’s stock worth $66,344,000 after purchasing an additional 713,018 shares in the last quarter. British Airways Pensions Investment Management Ltd purchased a new stake in shares of Procter & Gamble Company (The) during the 1st quarter worth $52,682,000. Finally, Nuance Investments LLC purchased a new stake in shares of Procter & Gamble Company (The) during the 1st quarter worth $42,694,000. Institutional investors and hedge funds own 59.30% of the company’s stock.

Procter & Gamble Company (PG) traded up 0.39% during trading on Wednesday, hitting $92.48. 3,073,338 shares of the stock were exchanged. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $94.67. The firm has a market cap of $235.83 billion, a PE ratio of 16.53 and a beta of 0.67. The stock’s 50-day moving average price is $92.61 and its 200-day moving average price is $89.71.

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 consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The company’s revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.79 EPS. On average, equities analysts expect that Procter & Gamble Company will post $4.17 EPS for the current year.

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In related news, insider Suranjan Magesvaran sold 10,512 shares of Procter & Gamble Company (The) stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $91.00, for a total value of $956,592.00. The sale was disclosed in a legal filing with the SEC, which is available at 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 value of $1,869,213.75. The disclosure for this sale can be found here. Insiders have sold 45,792 shares of company stock worth $4,216,070 over the last ninety days. 0.35% of the stock is owned by insiders.

PG has been the subject of several recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $92.44 price objective (down previously from $103.00) on shares of Procter & Gamble Company (The) in a research note 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. Stifel Nicolaus restated a “hold” rating and set a $90.00 target price (up from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Zacks Investment Research lowered shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Vetr cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 target price for the company. in a report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. Procter & Gamble Company (The) presently has a consensus rating of “Hold” and an average target price of $90.00.

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.

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

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