Pillar Pacific Capital Management LLC lowered its holdings in shares of Procter & Gamble Co (NYSE:PG) by 9.7% in the 4th quarter, HoldingsChannel reports. The firm owned 20,704 shares of the company’s stock after selling 2,230 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Procter & Gamble were worth $1,902,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in PG. Vanguard Group Inc. boosted its stake in Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after buying an additional 4,066,266 shares during the last quarter. BlackRock Inc. boosted its stake in Procter & Gamble by 1.4% during the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after buying an additional 2,164,426 shares during the last quarter. Trian Fund Management L.P. boosted its stake in Procter & Gamble by 2.4% during the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after buying an additional 893,157 shares during the last quarter. Truepoint Inc. boosted its stake in Procter & Gamble by 8,711.3% during the third quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after buying an additional 26,584,514 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Procter & Gamble by 2.0% during the third quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock valued at $1,269,884,000 after buying an additional 277,715 shares during the last quarter. Hedge funds and other institutional investors own 60.98% of the company’s stock.
In related news, insider Deborah P. Majoras sold 4,591 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $87.48, for a total transaction of $401,620.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the firm’s stock in a transaction that occurred on 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. Insiders have sold a total of 114,011 shares of company stock valued at $9,710,976 over the last three months. 0.35% of the stock is owned by corporate insiders.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating 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 business had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. During the same period last year, the company earned $1.08 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. research analysts expect that Procter & Gamble Co will post 4.18 EPS for the current fiscal year.
PG has been the subject of a number of research reports. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Monday, January 8th. Goldman Sachs raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target for the company in a research note on Tuesday, January 16th. Morgan Stanley increased their price target on Procter & Gamble from $90.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Deutsche Bank initiated coverage on Procter & Gamble in a research note on Tuesday, December 19th. They set a “buy” rating and a $91.88 price target for the company. Finally, Wells Fargo reissued a “hold” rating and set a $88.00 price target on shares of Procter & Gamble in a research note on Sunday, December 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target 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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