Financial Consulate Inc. Has $811,000 Stake in Procter & Gamble Company (The) (PG)

Financial Consulate Inc. increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 97.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,914 shares of the company’s stock after acquiring an additional 4,396 shares during the period. Financial Consulate Inc.’s holdings in Procter & Gamble were worth $811,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after acquiring an additional 4,066,266 shares during the period. BlackRock Inc. grew its position in shares of Procter & Gamble by 1.4% during the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after acquiring an additional 2,164,426 shares during the period. Trian Fund Management L.P. grew its position in shares of Procter & Gamble by 2.4% during the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after acquiring an additional 893,157 shares during the period. American Century Companies Inc. grew its position in shares of Procter & Gamble by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock valued at $1,088,573,000 after acquiring an additional 934,179 shares during the period. Finally, Capital Research Global Investors grew its position in shares of Procter & Gamble by 74.2% during the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after acquiring an additional 5,278,359 shares during the period. Hedge funds and other institutional investors own 59.42% of the company’s stock.

Several research firms recently issued reports on PG. Deutsche Bank began coverage on Procter & Gamble in a report on Tuesday, December 19th. They issued a “buy” rating and a $91.88 price objective on the stock. Jefferies Group reiterated a “buy” rating and issued a $99.00 price objective on shares of Procter & Gamble in a report on Monday, December 18th. Wells Fargo & Co reiterated a “hold” rating and issued a $88.00 price objective on shares of Procter & Gamble in a report on Sunday, December 17th. Vetr cut Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price objective on the stock. in a report on Tuesday, November 7th. Finally, 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 report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.57.

Procter & Gamble Company (PG) opened at $92.13 on Monday. The firm has a market capitalization of $233,730.00, a P/E ratio of 24.63, a PEG ratio of 2.95 and a beta of 0.67. Procter & Gamble Company has a twelve month low of $83.24 and a twelve month high of $94.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37.

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

In other news, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total transaction of $115,664.78. Following the transaction, the insider now directly owns 20,135 shares in the company, valued at approximately $1,794,229.85. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $7,438,065. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,575 shares of company stock worth $1,927,095. Insiders own 0.35% of the company’s stock.

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About Procter & Gamble

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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