Diversified Portfolios Inc. lifted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 43.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,584 shares of the company’s stock after purchasing an additional 2,899 shares during the quarter. Procter & Gamble accounts for approximately 0.5% of Diversified Portfolios Inc.’s investment portfolio, making the stock its 21st largest position. Diversified Portfolios Inc.’s holdings in Procter & Gamble were worth $872,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Asset Planning Services Ltd. boosted its stake in shares of Procter & Gamble by 0.4% during the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares during the period. Harding Loevner LP bought a new stake in shares of Procter & Gamble in the second quarter valued at about $119,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Procter & Gamble in the third quarter valued at about $125,000. Blume Capital Management Inc. raised its holdings in shares of Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after acquiring an additional 300 shares in the last quarter. Finally, Winfield Associates Inc. raised its holdings in shares of Procter & Gamble by 0.7% in the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after acquiring an additional 15 shares in the last quarter. 59.56% of the stock is owned by hedge funds and other institutional investors.
PG has been the subject of a number of recent research reports. Stifel Nicolaus set a $87.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Friday, October 20th. Goldman Sachs Group reiterated a “sell” rating on shares of Procter & Gamble in a report on Wednesday, October 4th. Jefferies Group reiterated a “buy” rating and issued a $104.00 target price on shares of Procter & Gamble in a report on Tuesday, October 10th. Vetr upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 target price for the company in a report on Monday, October 23rd. Finally, Deutsche Bank started coverage on Procter & Gamble in a research note on Wednesday, December 13th. They set a “buy” rating and a $101.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $88.57.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data 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. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The firm had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. During the same period in the prior year, the company earned $1.03 EPS. The firm’s revenue was up .8% compared to the same quarter last year. research analysts anticipate that Procter & Gamble Company will post 4.18 earnings per share for the current year.
In other news, insider R. Alexandra Keith sold 1,298 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 20,135 shares in the company, valued at approximately $1,794,229.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. Insiders sold a total of 21,575 shares of company stock valued at $1,927,095 over the last ninety days. Corporate 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.
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