United Fire Group Inc. continued to hold its stake in Procter & Gamble Co. (NYSE:PG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,000 shares of the company’s stock at the end of the second quarter. Procter & Gamble Co. accounts for approximately 2.6% of United Fire Group Inc.’s investment portfolio, making the stock its 12th largest position. United Fire Group Inc.’s holdings in Procter & Gamble Co. were worth $6,435,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Americafirst Capital Management LLC bought a new stake in Procter & Gamble Co. during the second quarter valued at about $112,000. Lenox Wealth Advisors Inc. raised its stake in Procter & Gamble Co. by 0.5% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,840 shares of the company’s stock valued at $156,000 after buying an additional 10 shares during the period. Cypress Capital Management LLC WY acquired a new stake in Procter & Gamble Co. during the second quarter valued at $157,000. Catamount Wealth Management raised its stake in Procter & Gamble Co. by 96.0% in the first quarter. Catamount Wealth Management now owns 2,352 shares of the company’s stock valued at $194,000 after buying an additional 1,152 shares during the period. Finally, Wealthsource Partners LLC acquired a new stake in Procter & Gamble Co. during the first quarter valued at $200,000. 58.73% of the stock is currently owned by institutional investors.
Procter & Gamble Co. (NYSE:PG) traded up 0.13% during midday trading on Friday, hitting $89.34. The stock had a trading volume of 9,667,284 shares. The firm’s 50-day moving average price is $88.02 and its 200 day moving average price is $84.49. The company has a market cap of $238.43 billion, a P/E ratio of 24.19 and a beta of 0.54. Procter & Gamble Co. has a 12 month low of $73.50 and a 12 month high of $90.22.
Procter & Gamble Co. (NYSE:PG) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The firm earned $16.10 billion during the quarter, compared to analysts’ expectations of $15.83 billion. During the same period in the prior year, the business earned $1.00 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, analysts expect that Procter & Gamble Co. will post $0.02 earnings per share for the current fiscal year.
Several analysts recently weighed in on PG shares. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $88.00 price objective (up from $81.00) on shares of Procter & Gamble Co. in a research note on Friday, July 15th. Vetr raised Procter & Gamble Co. from a “hold” rating to a “buy” rating and set a $92.75 price objective on the stock in a research note on Tuesday. Jefferies Group started coverage on Procter & Gamble Co. in a research note on Wednesday, June 15th. They issued a “buy” rating and a $95.00 price objective on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Procter & Gamble Co. in a research note on Saturday, August 13th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $74.00 price objective on shares of Procter & Gamble Co. in a research note on Wednesday, August 3rd. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $89.49.
In related news, SVP Valarie L. Sheppard sold 32,532 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $86.90, for a total transaction of $2,827,030.80. Following the completion of the sale, the senior vice president now directly owns 28,397 shares in the company, valued at approximately $2,467,699.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suranjan Magesvaran sold 6,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $86.95, for a total value of $521,700.00. Following the sale, the insider now owns 13,233 shares of the company’s stock, valued at $1,150,609.35. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.
About Procter & Gamble Co.
The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.
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