Columbia Asset Management Trims Holdings in Procter & Gamble Company (The) (NYSE:PG)

Columbia Asset Management lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,850 shares of the company’s stock after selling 933 shares during the quarter. Procter & Gamble Company (The) comprises about 1.6% of Columbia Asset Management’s portfolio, making the stock its 14th biggest holding. Columbia Asset Management’s holdings in Procter & Gamble Company (The) were worth $4,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. RB Capital Management LLC lifted its holdings in Procter & Gamble Company (The) by 0.3% in the 1st quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after acquiring an additional 20 shares during the last quarter. Paradigm Financial Advisors LLC lifted its holdings in Procter & Gamble Company (The) by 0.4% in the 1st quarter. Paradigm Financial Advisors LLC now owns 6,842 shares of the company’s stock valued at $614,000 after acquiring an additional 25 shares during the last quarter. Cottage Street Advisors LLC lifted its holdings in Procter & Gamble Company (The) by 0.4% in the 1st quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock valued at $615,000 after acquiring an additional 25 shares during the last quarter. American Economic Planning Group Inc. ADV lifted its holdings in Procter & Gamble Company (The) by 0.3% in the 1st quarter. American Economic Planning Group Inc. ADV now owns 10,827 shares of the company’s stock valued at $973,000 after acquiring an additional 33 shares during the last quarter. Finally, Highwater Wealth Management LLC lifted its stake in Procter & Gamble Company (The) by 1.2% during the first quarter. Highwater Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $293,000 after buying an additional 39 shares in the last quarter. 59.33% of the stock is owned by institutional investors and hedge funds.

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Shares of Procter & Gamble Company (NYSE:PG) traded down 0.4013% during midday trading on Friday, reaching $93.1746. The company had a trading volume of 5,161,808 shares. The stock’s 50 day moving average is $92.13 and its 200-day moving average is $89.58. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $94.19. The stock has a market capitalization of $237.60 billion, a PE ratio of 16.6591 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. On average, equities research analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

In other Procter & Gamble Company (The) news, insider Suranjan Magesvaran sold 10,512 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was 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 valued at $4,216,070 over the last 90 days. 0.35% of the stock is currently owned by company insiders.

A number of research firms have commented on PG. Macquarie assumed coverage on shares of Procter & Gamble Company (The) in a research note on Thursday. They set an “outperform” rating and a $102.00 price objective for the company. Vetr upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 target price on the stock in a report on Friday. Jefferies Group LLC restated a “buy” rating and issued a $92.44 price objective (down previously from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $90.00 price objective (up from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. Procter & Gamble Company (The) presently has a consensus rating of “Hold” and an average target price of $89.39.

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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