Procter & Gamble Co (PG) Position Reduced by Asset Advisors Corp

Asset Advisors Corp decreased its stake in Procter & Gamble Co (NYSE:PG) by 17.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,286 shares of the company’s stock after selling 16,140 shares during the quarter. Procter & Gamble makes up about 1.2% of Asset Advisors Corp’s investment portfolio, making the stock its 29th largest position. Asset Advisors Corp’s holdings in Procter & Gamble were worth $7,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Hartwell J M Limited Partnership boosted its stake in Procter & Gamble by 34.7% in the fourth quarter. Hartwell J M Limited Partnership now owns 17,148 shares of the company’s stock worth $1,576,000 after purchasing an additional 4,413 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Procter & Gamble by 2.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 108,217 shares of the company’s stock worth $9,943,000 after purchasing an additional 2,893 shares in the last quarter. Plancorp LLC boosted its stake in Procter & Gamble by 2.6% in the fourth quarter. Plancorp LLC now owns 38,445 shares of the company’s stock worth $3,532,000 after purchasing an additional 985 shares in the last quarter. V Wealth Management LLC boosted its stake in Procter & Gamble by 12.8% in the fourth quarter. V Wealth Management LLC now owns 13,453 shares of the company’s stock worth $1,214,000 after purchasing an additional 1,524 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Procter & Gamble by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 54,473 shares of the company’s stock worth $4,881,000 after purchasing an additional 1,463 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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In other Procter & Gamble news, insider Marc S. Pritchard sold 46,842 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total value of $4,169,406.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deborah P. Majoras sold 4,591 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $87.48, for a total value of $401,620.68. The disclosure for this sale can be found here. Insiders sold 114,011 shares of company stock valued at $9,710,976 in the last quarter. 0.35% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Monday, January 8th. Goldman Sachs upgraded Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price for the company in a research report on Tuesday, January 16th. Morgan Stanley boosted their target price on Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Deutsche Bank assumed coverage on Procter & Gamble in a research report on Tuesday, December 19th. They set a “buy” rating and a $91.88 target price for the company. Finally, Wells Fargo restated a “hold” rating and set a $88.00 target price on shares of Procter & Gamble in a research report on Sunday, December 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $87.18.

Shares of Procter & Gamble Co (NYSE:PG) opened at $75.91 on Monday. The company has a market capitalization of $191,369.42, a PE ratio of 20.30, a P/E/G ratio of 2.37 and a beta of 0.58. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. Procter & Gamble Co has a fifty-two week low of $75.80 and a fifty-two week high of $94.67.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. The business had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. equities analysts expect that Procter & Gamble Co will post 4.21 EPS for the current fiscal year.

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Procter & Gamble 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 (NYSE:PG)

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