Northstar Asset Management LLC Has $2.75 Million Position in Procter & Gamble Co (PG)

Northstar Asset Management LLC reduced its stake in Procter & Gamble Co (NYSE:PG) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,911 shares of the company’s stock after selling 830 shares during the quarter. Procter & Gamble makes up 1.1% of Northstar Asset Management LLC’s investment portfolio, making the stock its 25th largest holding. Northstar Asset Management LLC’s holdings in Procter & Gamble were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in Procter & Gamble by 1,094.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 736,699 shares of the company’s stock valued at $67,025,000 after buying an additional 675,013 shares during the last quarter. Edgestream Partners L.P. raised its position in Procter & Gamble by 21.9% in the 3rd quarter. Edgestream Partners L.P. now owns 7,543 shares of the company’s stock valued at $686,000 after buying an additional 1,356 shares during the last quarter. Asset Dedication LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at $1,164,000. Spectrum Management Group Inc. increased its position in shares of Procter & Gamble by 221.4% during the 3rd quarter. Spectrum Management Group Inc. now owns 32,757 shares of the company’s stock valued at $2,980,000 after purchasing an additional 22,565 shares during the last quarter. Finally, Moller Financial Services increased its position in shares of Procter & Gamble by 31.3% during the 4th quarter. Moller Financial Services now owns 11,887 shares of the company’s stock valued at $1,092,000 after purchasing an additional 2,837 shares during the last quarter. 60.98% of the stock is owned by institutional investors and hedge funds.

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In related news, insider Deborah P. Majoras sold 4,591 shares of Procter & Gamble 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of Procter & Gamble stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $184,922.27. The disclosure for this sale can be found here. In the last three months, insiders sold 114,011 shares of company stock valued at $9,710,976. 0.35% of the stock is currently owned by insiders.

Shares of PG opened at $78.80 on Friday. Procter & Gamble Co has a fifty-two week low of $75.81 and a fifty-two week high of $94.67. The stock has a market capitalization of $197,797.97, a P/E ratio of 20.10, a PEG ratio of 2.46 and a beta of 0.57. 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 (NYSE:PG) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The company had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. During the same quarter last year, the firm posted $1.08 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. sell-side analysts expect that Procter & Gamble Co will post 4.18 earnings per share for the current year.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday. Goldman Sachs raised 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. Barclays set a $84.00 target price on Procter & Gamble and gave the company a “hold” rating in a research report on Thursday, March 15th. Vetr raised Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price for the company in a research report on Thursday, February 1st. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $90.00 target price on shares of Procter & Gamble in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Procter & Gamble has an average rating of “Hold” and an average target price of $86.07.

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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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