Procter & Gamble Co (PG) Shares Sold by First Manhattan Co.

First Manhattan Co. lowered its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 512,577 shares of the company’s stock after selling 10,055 shares during the period. First Manhattan Co.’s holdings in Procter & Gamble were worth $47,096,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harding Loevner LP acquired a new position in Procter & Gamble in the second quarter worth about $119,000. Kohmann Bosshard Financial Services LLC acquired a new position in Procter & Gamble in the third quarter worth about $125,000. Blume Capital Management Inc. raised its position in Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares in the last quarter. Litman Gregory Asset Management LLC acquired a new position in Procter & Gamble in the third quarter worth about $173,000. Finally, Legacy Advisors LLC acquired a new position in Procter & Gamble in the third quarter worth about $174,000. 60.95% of the stock is owned by institutional investors and hedge funds.

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In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 2,353 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $184,922.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 46,842 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total transaction of $4,169,406.42. The disclosure for this sale can be found here. Insiders have sold 114,011 shares of company stock worth $9,710,976 over the last three months. 0.35% of the stock is owned by insiders.

Several research firms have recently weighed in on PG. Goldman Sachs raised shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective for the company in a report on Tuesday, January 16th. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Barclays set a $84.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Thursday, March 15th. Vetr raised shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective for the company in a report on Thursday, February 1st. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $90.00 price objective on shares of Procter & Gamble in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Buy” and an average target price of $87.18.

Shares of Procter & Gamble Co (PG) opened at $75.91 on Monday. Procter & Gamble Co has a 52 week low of $75.81 and a 52 week high of $94.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94. The company has a market cap of $191,369.42, a P/E ratio of 20.30, a PEG ratio of 2.37 and a beta of 0.58.

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

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About Procter & Gamble

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.

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

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