Townsend & Associates Inc Invests $1.47 Million in Procter & Gamble Co (PG)

Townsend & Associates Inc bought a new stake in Procter & Gamble Co (NYSE:PG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,205 shares of the company’s stock, valued at approximately $1,474,000. Procter & Gamble makes up approximately 1.5% of Townsend & Associates Inc’s investment portfolio, making the stock its 18th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its stake in Procter & Gamble by 1,094.3% during the third quarter. Assenagon Asset Management S.A. now owns 736,699 shares of the company’s stock worth $67,025,000 after acquiring an additional 675,013 shares in the last quarter. Edgestream Partners L.P. raised its stake in Procter & Gamble by 21.9% during the third quarter. Edgestream Partners L.P. now owns 7,543 shares of the company’s stock worth $686,000 after acquiring an additional 1,356 shares in the last quarter. Asset Dedication LLC acquired a new position in Procter & Gamble during the fourth quarter worth $1,164,000. Spectrum Management Group Inc. raised its stake in Procter & Gamble by 221.4% during the third quarter. Spectrum Management Group Inc. now owns 32,757 shares of the company’s stock worth $2,980,000 after acquiring an additional 22,565 shares in the last quarter. Finally, Moller Financial Services raised its stake in Procter & Gamble by 31.3% during the fourth quarter. Moller Financial Services now owns 11,887 shares of the company’s stock worth $1,092,000 after acquiring an additional 2,837 shares in the last quarter. Institutional investors and hedge funds own 60.98% of the company’s stock.

How to Become a New Pot Stock Millionaire

Several research analysts have issued reports on the company. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs upgraded Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective for the company in a research note on Tuesday, January 16th. Barclays set a $84.00 price objective on Procter & Gamble and gave the stock a “hold” rating in a research note on Thursday, March 15th. Vetr upgraded Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective for the company in a research note on Thursday, February 1st. Finally, SunTrust Banks reiterated a “hold” rating and set a $90.00 price objective on shares of Procter & Gamble in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $86.07.

In related news, insider Deborah P. Majoras sold 4,591 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 46,842 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total value 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 in the last 90 days. Company insiders own 0.35% of the company’s stock.

Shares of PG stock opened at $78.43 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. The firm has a market cap of $199,285.36, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.48 and a beta of 0.57. Procter & Gamble Co has a 52 week low of $75.81 and a 52 week high of $94.67.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. equities analysts predict that Procter & Gamble Co will post 4.18 EPS for the current year.

WARNING: This report was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3337852/townsend-associates-inc-invests-1-47-million-in-procter-gamble-co-pg.html.

Procter & Gamble Company 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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Analysts Anticipate First Industrial Realty Trust, Inc.  Will Announce Earnings of $0.38 Per Share
Analysts Anticipate First Industrial Realty Trust, Inc. Will Announce Earnings of $0.38 Per Share
TPI Composites  Expected to Announce Earnings of $0.03 Per Share
TPI Composites Expected to Announce Earnings of $0.03 Per Share
Brokerages Expect Kinsale Capital Group  to Announce $0.36 Earnings Per Share
Brokerages Expect Kinsale Capital Group to Announce $0.36 Earnings Per Share
President Trump  Market Capitalization Reaches $0.00
President Trump Market Capitalization Reaches $0.00
EDRCoin  Tops 24 Hour Volume of $2,782.00
EDRCoin Tops 24 Hour Volume of $2,782.00
WCOIN  Price Hits $0.0991 on Exchanges
WCOIN Price Hits $0.0991 on Exchanges


© 2006-2018 Ticker Report. Google+.