Procter & Gamble Company (The) (PG) Shares Sold by Northstar Asset Management LLC

Northstar Asset Management LLC trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 1.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 32,856 shares of the company’s stock after selling 465 shares during the period. Procter & Gamble Company (The) accounts for approximately 1.3% of Northstar Asset Management LLC’s investment portfolio, making the stock its 24th biggest position. Northstar Asset Management LLC’s holdings in Procter & Gamble Company (The) were worth $2,864,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PG. Bridges Investment Counsel Inc. raised its position in shares of Procter & Gamble Company (The) by 1.9% in the 2nd quarter. Bridges Investment Counsel Inc. now owns 32,593 shares of the company’s stock worth $2,840,000 after acquiring an additional 611 shares in the last quarter. Private Bank & Trust Co. raised its position in shares of Procter & Gamble Company (The) by 2.8% in the 2nd quarter. Private Bank & Trust Co. now owns 31,705 shares of the company’s stock worth $2,763,000 after acquiring an additional 854 shares in the last quarter. Hermes Investment Management Ltd. raised its position in shares of Procter & Gamble Company (The) by 19.0% in the 2nd quarter. Hermes Investment Management Ltd. now owns 878,604 shares of the company’s stock worth $76,570,000 after acquiring an additional 140,214 shares in the last quarter. Forsta AP Fonden grew its stake in shares of Procter & Gamble Company (The) by 19.8% in the 2nd quarter. Forsta AP Fonden now owns 130,813 shares of the company’s stock valued at $11,400,000 after buying an additional 21,600 shares during the period. Finally, Hemenway Trust Co LLC grew its stake in shares of Procter & Gamble Company (The) by 3.5% in the 2nd quarter. Hemenway Trust Co LLC now owns 139,267 shares of the company’s stock valued at $12,137,000 after buying an additional 4,693 shares during the period. 59.33% of the stock is owned by institutional investors and hedge funds.

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A number of brokerages have recently weighed in on PG. Capital One Financial Corporation downgraded Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $5.00 to $2.00 in a research note on Thursday, June 22nd. Vetr raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price target on the stock in a report on Friday. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $80.00 price target on shares of Procter & Gamble Company (The) in a report on Friday, June 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $100.00 price target (up previously from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $92.44 price target (down previously from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $89.39.

Shares of Procter & Gamble Company (NYSE PG) traded down 0.315% during trading on Friday, hitting $93.255. 7,789,129 shares of the stock traded hands. The firm’s 50-day moving average price is $92.13 and its 200-day moving average price is $89.58. The stock has a market cap of $237.80 billion, a PE ratio of 16.674 and a beta of 0.68. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $94.19.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The company had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter last year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current year.

In related news, insider Suranjan Magesvaran sold 10,512 shares of Procter & Gamble Company (The) stock in a transaction on Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of Procter & Gamble Company (The) stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Insiders sold a total of 45,792 shares of company stock worth $4,216,070 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.

Procter & Gamble Company (The) 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.

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

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