Summit X LLC Has $2.10 Million Position in Procter & Gamble Company (The) (PG)

Summit X LLC lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 19.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,042 shares of the company’s stock after selling 5,734 shares during the quarter. Procter & Gamble makes up 1.4% of Summit X LLC’s holdings, making the stock its 18th biggest position. Summit X LLC’s holdings in Procter & Gamble were worth $2,096,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Vanguard Group Inc. lifted its holdings in Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares in the last quarter. BlackRock Inc. lifted its holdings in Procter & Gamble by 1.4% during the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after purchasing an additional 2,164,426 shares in the last quarter. Trian Fund Management L.P. lifted its stake in shares of Procter & Gamble by 2.4% in the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock worth $3,277,887,000 after buying an additional 893,157 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Procter & Gamble by 8.1% in the second quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock worth $1,088,573,000 after buying an additional 934,179 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Procter & Gamble by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after buying an additional 5,278,359 shares in the last quarter. Institutional investors own 59.42% of the company’s stock.

In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 4,363 shares of Procter & Gamble stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares in the company, valued at $7,438,065. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Juan Fernando Posada sold 4,878 shares of Procter & Gamble stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $89.80, for a total transaction of $438,044.40. Following the sale, the insider now owns 25,429 shares of the company’s stock, valued at $2,283,524.20. The disclosure for this sale can be found here. Insiders have sold 21,575 shares of company stock worth $1,927,095 over the last ninety days. 0.35% of the stock is owned by insiders.

Several equities analysts have recently weighed in on the stock. Jefferies Group reissued a “buy” rating and issued a $104.00 price target (up from $103.00) on shares of Procter & Gamble in a research note on Wednesday, September 20th. Vetr raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price target on the stock in a research note on Friday, September 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price target on shares of Procter & Gamble in a research note on Wednesday, September 6th. Morgan Stanley decreased their price target on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 24th. Finally, Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $88.38.

Procter & Gamble Company (NYSE:PG) opened at $91.67 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble Company has a 52 week low of $83.24 and a 52 week high of $94.67. The company has a market cap of $232,207.77, a PE ratio of 23.00, a price-to-earnings-growth ratio of 2.94 and a beta of 0.67.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The company had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Procter & Gamble’s quarterly revenue was up .8% compared to the same quarter last year. equities analysts predict that Procter & Gamble Company will post 4.17 EPS for the current fiscal year.

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Procter & Gamble 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.

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

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