Procter & Gamble Company (The) (PG) Position Lifted by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its stake in Procter & Gamble Company (The) (NYSE:PG) by 29.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,926 shares of the company’s stock after acquiring an additional 1,346 shares during the period. Meeder Asset Management Inc.’s holdings in Procter & Gamble were worth $539,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Asset Planning Services Ltd. increased its position in Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares during the period. Harding Loevner LP bought a new position in Procter & Gamble in the 2nd quarter worth approximately $119,000. Blume Capital Management Inc. increased its position in Procter & Gamble by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after buying an additional 300 shares during the period. Riggs Asset Managment Co. Inc. increased its position in Procter & Gamble by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after buying an additional 170 shares during the period. Finally, Winfield Associates Inc. increased its position in Procter & Gamble by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after buying an additional 15 shares during the period. 59.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of Procter & Gamble Company (NYSE:PG) opened at $92.13 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75. The company has a market capitalization of $232,207.77, a price-to-earnings ratio of 16.19, a P/E/G ratio of 2.94 and a beta of 0.67. Procter & Gamble Company has a one year low of $83.24 and a one year high of $94.67.

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

A number of research firms have recently issued reports on PG. Vetr cut Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price objective on the stock. in a research report on Tuesday, November 7th. Macquarie began coverage on Procter & Gamble in a research report on Thursday, September 14th. They set an “outperform” rating and a $102.00 price objective on the stock. Morgan Stanley lowered their price objective on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 24th. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Jefferies Group restated a “buy” rating and set a $88.23 price objective (down from $99.00) on shares of Procter & Gamble in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Procter & Gamble currently has a consensus rating of “Hold” and a consensus price target of $88.57.

In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the transaction, the insider now owns 85,495 shares of the company’s stock, valued at $7,438,065. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Carolyn M. Tastad sold 5,300 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the transaction, the insider now directly owns 57,191 shares in the company, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,575 shares of company stock worth $1,927,095. 0.35% of the stock is owned by insiders.

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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.

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

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