Exxonmobil Investment Management Inc. TX reduced its holdings in Procter & Gamble Company (The) (NYSE:PG) by 13.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,058 shares of the company’s stock after selling 76,646 shares during the quarter. Procter & Gamble Company (The) makes up approximately 1.1% of Exxonmobil Investment Management Inc. TX’s holdings, making the stock its 15th largest holding. Exxonmobil Investment Management Inc. TX’s holdings in Procter & Gamble Company (The) were worth $42,796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PG. RB Capital Management LLC raised its position in 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 worth $655,000 after purchasing an additional 20 shares during the last quarter. Cottage Street Advisors LLC lifted its holdings in Procter & Gamble Company (The) by 0.4% during the 1st quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock worth $615,000 after buying an additional 25 shares in the last quarter. American Economic Planning Group Inc. ADV lifted its holdings in Procter & Gamble Company (The) by 0.3% during the 1st quarter. American Economic Planning Group Inc. ADV now owns 10,827 shares of the company’s stock worth $973,000 after buying an additional 33 shares in the last quarter. Highwater Wealth Management LLC lifted its holdings in Procter & Gamble Company (The) by 1.2% during the 1st quarter. Highwater Wealth Management LLC now owns 3,258 shares of the company’s stock worth $293,000 after buying an additional 39 shares in the last quarter. Finally, Harvest Capital Management Inc lifted its holdings in Procter & Gamble Company (The) by 1.1% during the 1st quarter. Harvest Capital Management Inc now owns 4,033 shares of the company’s stock worth $362,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 59.30% of the company’s stock.

In other news, CEO David S. Taylor sold 6,382 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $587,399.28. Following the completion of the sale, the chief executive officer now directly owns 134,884 shares in the company, valued at approximately $12,414,723.36. The sale was disclosed in a document filed with the SEC, which is accessible 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 shares were 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. Over the last ninety days, insiders sold 45,792 shares of company stock valued at $4,216,070. Insiders own 0.35% of the company’s stock.

Several equities analysts recently issued reports on PG shares. Jefferies Group LLC reiterated a “buy” rating and issued a $92.44 price target (down previously from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. BidaskClub raised 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 downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Vetr lowered shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 target price on the stock. in a research note on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $90.00.

Shares of Procter & Gamble Company (NYSE PG) traded up 0.494% during trading on Wednesday, reaching $92.575. 2,749,590 shares of the company were exchanged. The stock’s 50-day moving average is $92.61 and its 200-day moving average is $89.71. The firm has a market cap of $236.07 billion, a price-to-earnings ratio of 16.552 and a beta of 0.67. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.67.

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

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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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