Renaissance Investment Group LLC trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,720 shares of the company’s stock after selling 255 shares during the period. Renaissance Investment Group LLC’s holdings in Procter & Gamble Company (The) were worth $324,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. RB Capital Management LLC raised its position in shares of Procter & Gamble Company (The) by 0.3% during the 1st quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after purchasing an additional 20 shares during the period. Cottage Street Advisors LLC raised its position in shares of 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 valued at $615,000 after purchasing an additional 25 shares during the period. American Economic Planning Group Inc. ADV raised its position in shares of 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 valued at $973,000 after purchasing an additional 33 shares during the period. Highwater Wealth Management LLC raised its position in shares of 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 valued at $293,000 after purchasing an additional 39 shares during the period. Finally, Harvest Capital Management Inc raised its position in shares of 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 valued at $362,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 59.30% of the company’s stock.

Several analysts have recently commented on PG shares. Deutsche Bank AG restated a “hold” rating and set a $92.00 price objective (up from $90.00) on shares of Procter & Gamble Company (The) in a research report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Vetr downgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target on the stock. in a report on Monday, July 3rd. Finally, Macquarie started coverage on shares of Procter & Gamble Company (The) in a report on Thursday, September 14th. They issued an “outperform” rating and a $102.00 price target on the stock. 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 company. The stock has a consensus rating of “Hold” and an average target price of $90.00.

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Procter & Gamble Company (NYSE:PG) traded up 0.20% during mid-day trading on Friday, hitting $92.21. 2,048,320 shares of the stock were exchanged. The stock’s 50 day moving average is $92.60 and its 200 day moving average is $89.74. The stock has a market cap of $235.14 billion, a PE ratio of 16.49 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. The business 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 company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share. Analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

In other news, SVP Valarie L. Sheppard sold 20,175 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction dated 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 45,792 shares of company stock valued at $4,216,070 over the last quarter. Company insiders own 0.35% of the company’s stock.

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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