Schaller Investment Group Inc. Holds Stake in Procter & Gamble Co (PG)

Schaller Investment Group Inc. continued to hold its position in Procter & Gamble Co (NYSE:PG) during the fourth quarter, Holdings Channel reports. The fund owned 5,763 shares of the company’s stock at the end of the fourth quarter. Procter & Gamble Co accounts for approximately 0.3% of Schaller Investment Group Inc.’s investment portfolio, making the stock its 24th largest position. Schaller Investment Group Inc.’s holdings in Procter & Gamble Co were worth $485,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diversified Trust Co raised its stake in Procter & Gamble Co by 0.5% in the third quarter. Diversified Trust Co now owns 20,866 shares of the company’s stock valued at $1,873,000 after buying an additional 109 shares in the last quarter. Independent Franchise Partners LLP raised its stake in Procter & Gamble Co by 1.9% in the third quarter. Independent Franchise Partners LLP now owns 4,277,830 shares of the company’s stock valued at $383,935,000 after buying an additional 81,713 shares in the last quarter. Private Asset Management Inc. raised its stake in Procter & Gamble Co by 2.6% in the third quarter. Private Asset Management Inc. now owns 79,440 shares of the company’s stock valued at $7,130,000 after buying an additional 2,039 shares in the last quarter. Northwest Investment Counselors LLC raised its stake in Procter & Gamble Co by 0.7% in the third quarter. Northwest Investment Counselors LLC now owns 26,536 shares of the company’s stock valued at $2,382,000 after buying an additional 196 shares in the last quarter. Finally, Accident Compensation Corp raised its stake in Procter & Gamble Co by 9.9% in the third quarter. Accident Compensation Corp now owns 51,186 shares of the company’s stock valued at $4,594,000 after buying an additional 4,606 shares in the last quarter. Hedge funds and other institutional investors own 68.33% of the company’s stock.

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

Procter & Gamble Co (NYSE:PG) opened at 91.22 on Tuesday. Procter & Gamble Co has a 12-month low of $79.10 and a 12-month high of $92.00. The firm’s 50-day moving average is $89.77 and its 200-day moving average is $86.86. The stock has a market capitalization of $233.20 billion, a P/E ratio of 16.71 and a beta of 0.64.

Procter & Gamble Co (NYSE:PG) last announced its quarterly earnings results on Friday, January 20th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.06 by $0.02. Procter & Gamble Co had a net margin of 23.44% and a return on equity of 18.58%. The company had revenue of $16.90 billion for the quarter. During the same quarter in the previous year, the business posted $1.04 EPS. Procter & Gamble Co’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts predict that Procter & Gamble Co will post $3.84 EPS for the current fiscal year.

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Several analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $106.00 price objective on shares of Procter & Gamble Co in a research note on Saturday, January 28th. Citigroup Inc lifted their price objective on shares of Procter & Gamble Co from $100.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, January 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $101.00 price objective on shares of Procter & Gamble Co in a research note on Thursday, March 16th. Deutsche Bank AG lowered shares of Procter & Gamble Co from a “buy” rating to a “hold” rating and lowered their price objective for the company from $95.00 to $90.00 in a research note on Tuesday, December 13th. Finally, Vetr upgraded shares of Procter & Gamble Co from a “sell” rating to a “hold” rating and set a $89.22 price objective for the company in a research note on Monday, March 13th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $90.79.

In related news, insider Charles E. Pierce sold 55,909 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $91.70, for a total transaction of $5,126,855.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Marc S. Pritchard sold 47,252 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $87.14, for a total transaction of $4,117,539.28. Following the transaction, the insider now owns 151,643 shares in the company, valued at approximately $13,214,171.02. The disclosure for this sale can be found here. Insiders sold 401,936 shares of company stock worth $35,928,133 in the last 90 days. 0.35% of the stock is owned by company insiders.

About Procter & Gamble Co

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.

5 Day Chart for NYSE:PG

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