Texan Capital Management lowered its position in shares of Procter & Gamble Co. (NYSE:PG) by 7.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,963 shares of the company’s stock after selling 1,057 shares during the period. Texan Capital Management’s holdings in Procter & Gamble Co. were worth $1,098,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Fund Advisors increased its position in Procter & Gamble Co. by 0.7% in the first quarter. BlackRock Fund Advisors now owns 35,929,242 shares of the company’s stock worth $2,957,336,000 after buying an additional 265,762 shares in the last quarter. Ngam Advisors L.P. increased its position in Procter & Gamble Co. by 5.2% in the first quarter. Ngam Advisors L.P. now owns 598,608 shares of the company’s stock worth $49,271,000 after buying an additional 29,768 shares in the last quarter. First Financial Bank N.A. Trust Division increased its position in Procter & Gamble Co. by 3.5% in the second quarter. First Financial Bank N.A. Trust Division now owns 343,217 shares of the company’s stock worth $29,060,000 after buying an additional 11,650 shares in the last quarter. Marathon Asset Management LLP increased its position in Procter & Gamble Co. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 2,051,718 shares of the company’s stock worth $173,719,000 after buying an additional 38,942 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Procter & Gamble Co. by 2.2% in the first quarter. Prudential Financial Inc. now owns 6,665,314 shares of the company’s stock worth $548,622,000 after buying an additional 145,882 shares in the last quarter. 58.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.54% during midday trading on Wednesday, hitting $88.83. The company had a trading volume of 36,146,725 shares. Procter & Gamble Co. has a 12 month low of $73.32 and a 12 month high of $90.22. The company has a market capitalization of $237.07 billion, a PE ratio of 24.05 and a beta of 0.54. The company has a 50-day moving average of $87.89 and a 200-day moving average of $84.43.
Procter & Gamble Co. (NYSE:PG) last announced its earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The business earned $16.10 billion during the quarter, compared to analysts’ expectations of $15.83 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. Analysts predict that Procter & Gamble Co. will post $0.02 earnings per share for the current year.
PG has been the topic of a number of recent research reports. Deutsche Bank AG reissued a “buy” rating and issued a $92.00 target price (up previously from $85.00) on shares of Procter & Gamble Co. in a report on Sunday, July 24th. Stifel Nicolaus increased their target price on Procter & Gamble Co. from $85.00 to $92.00 and gave the company a “buy” rating in a report on Friday, July 22nd. Jefferies Group reissued a “buy” rating and issued a $95.00 target price on shares of Procter & Gamble Co. in a report on Thursday, June 23rd. Vetr raised Procter & Gamble Co. from a “sell” rating to a “buy” rating and set a $89.50 target price on the stock in a report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. set a $99.00 target price on Procter & Gamble Co. and gave the company a “buy” rating in a report on Wednesday, August 3rd. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $89.49.
In other Procter & Gamble Co. news, CEO David S. Taylor sold 72,525 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $85.76, for a total transaction of $6,219,744.00. Following the completion of the transaction, the chief executive officer now owns 136,933 shares of the company’s stock, valued at $11,743,374.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Juan Fernando Posada sold 3,501 shares of the stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $89.50, for a total value of $313,339.50. Following the transaction, the insider now directly owns 19,953 shares of the company’s stock, valued at approximately $1,785,793.50. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
About Procter & Gamble Co.
The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.
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