Procter & Gamble Company (The) (PG) Holdings Trimmed by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,125 shares of the company’s stock after selling 725 shares during the period. Westbourne Investment Advisors Inc.’s holdings in Procter & Gamble were worth $1,376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PG. Asset Planning Services Ltd. lifted its stake in shares of Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after acquiring an additional 5 shares during the last quarter. Northwest Wealth Management LLC lifted its stake in shares of Procter & Gamble by 0.3% in the 2nd quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock valued at $223,000 after acquiring an additional 8 shares during the last quarter. Winfield Associates Inc. lifted its stake in shares of Procter & Gamble by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after acquiring an additional 15 shares during the last quarter. Cascade Investment Advisors Inc. lifted its stake in shares of Procter & Gamble by 0.5% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock valued at $296,000 after acquiring an additional 17 shares during the last quarter. Finally, RB Capital Management LLC lifted its stake in shares of Procter & Gamble 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. Hedge funds and other institutional investors own 59.56% of the company’s stock.

In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $92.98, for a total value of $265,550.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Carolyn M. Tastad sold 5,300 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.18, for a total transaction 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. Over the last 90 days, insiders sold 21,575 shares of company stock valued at $1,927,095. 0.35% of the stock is currently owned by company insiders.

A number of analysts recently weighed in on PG shares. Jefferies Group restated a “buy” rating and issued a $99.00 price objective on shares of Procter & Gamble in a report on Monday, December 18th. Stifel Nicolaus set a $87.00 price objective on Procter & Gamble and gave the company a “hold” rating in a report on Friday, October 20th. Goldman Sachs Group restated a “sell” rating on shares of Procter & Gamble in a report on Wednesday, October 4th. Deutsche Bank started coverage on Procter & Gamble in a report on Tuesday, December 19th. They issued a “buy” rating and a $91.88 price objective for the company. Finally, Royal Bank of Canada restated a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Procter & Gamble currently has a consensus rating of “Hold” and a consensus price target of $88.57.

Shares of Procter & Gamble Company (PG) opened at $92.10 on Thursday. 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 $233,730.00, a PE ratio of 24.63, a PEG ratio of 2.96 and a beta of 0.67. Procter & Gamble Company has a 12 month low of $83.24 and a 12 month high of $94.67.

Procter & Gamble (NYSE:PG) last issued its 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 company had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. analysts anticipate that Procter & Gamble Company will post 4.17 earnings per share for the current 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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