Van Strum & Towne Inc. Sells 1,090 Shares of Procter & Gamble Company (The) (PG)

Van Strum & Towne Inc. reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,478 shares of the company’s stock after selling 1,090 shares during the period. Procter & Gamble Company (The) makes up approximately 3.2% of Van Strum & Towne Inc.’s investment portfolio, making the stock its 11th biggest holding. Van Strum & Towne Inc.’s holdings in Procter & Gamble Company (The) were worth $4,985,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PG. Baltimore Washington Financial Advisors Inc. acquired a new position in Procter & Gamble Company (The) during the fourth quarter valued at $8,515,000. Asset Planning Services Ltd. lifted its position in Procter & Gamble Company (The) by 79.7% during the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after purchasing an additional 526 shares during the period. Riggs Asset Managment Co. Inc. lifted its position in Procter & Gamble Company (The) by 11.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after purchasing an additional 170 shares during the period. Edge Wealth Management LLC lifted its position in Procter & Gamble Company (The) by 17.1% during the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after purchasing an additional 240 shares during the period. Finally, Feltz Wealth PLAN Inc. acquired a new position in Procter & Gamble Company (The) during the first quarter valued at $184,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

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In other Procter & Gamble Company (The) news, CEO David S. Taylor sold 6,382 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $587,399.28. Following the transaction, the chief executive officer now directly owns 134,884 shares of the company’s stock, valued at $12,414,723.36. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Valarie L. Sheppard sold 20,175 shares of Procter & Gamble Company (The) stock in a transaction that occurred 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 45,792 shares of company stock worth $4,216,070 over the last three months. Corporate insiders own 0.35% of the company’s stock.

A number of research analysts recently issued reports on PG shares. Zacks Investment Research upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Tuesday, August 1st. Vetr cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price objective for the company. in a report on Monday, July 3rd. Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $5.00 to $2.00 in a report on Thursday, June 22nd. BidaskClub cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $98.00 target price on shares of Procter & Gamble Company (The) in a research note on Monday, July 17th. Two investment 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 stock presently has a consensus rating of “Hold” and an average target price of $89.39.

Shares of Procter & Gamble Company (NYSE:PG) traded down 0.30% during trading on Friday, hitting $93.27. 12,428,828 shares of the stock traded hands. The company’s 50 day moving average is $92.20 and its 200 day moving average is $89.60. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.19. The firm has a market cap of $237.84 billion, a PE ratio of 16.68 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last released its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same period last year, the company earned $0.79 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts predict that Procter & Gamble Company will post $4.17 EPS for the current year.

Procter & Gamble Company (The) 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.

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

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