Steigerwald Gordon & Koch Inc. Buys 943 Shares of Procter & Gamble Co (PG)

Steigerwald Gordon & Koch Inc. boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 19.7% in the 2nd quarter, Holdings Channel reports. The firm owned 5,730 shares of the company’s stock after buying an additional 943 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Procter & Gamble were worth $447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Moody Aldrich Partners LLC bought a new stake in Procter & Gamble during the second quarter worth $73,142,000. SP Asset Management bought a new position in shares of Procter & Gamble in the 2nd quarter valued at $3,048,000. Chicago Partners Investment Group LLC lifted its stake in shares of Procter & Gamble by 11.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,124 shares of the company’s stock valued at $1,181,000 after acquiring an additional 1,551 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Procter & Gamble in the 2nd quarter valued at $1,837,000. Finally, WealthTrust Fairport LLC lifted its stake in shares of Procter & Gamble by 4.0% in the 2nd quarter. WealthTrust Fairport LLC now owns 89,109 shares of the company’s stock valued at $6,956,000 after acquiring an additional 3,440 shares during the last quarter. Hedge funds and other institutional investors own 58.68% of the company’s stock.

A number of research analysts have recently commented on PG shares. Atlantic Securities started coverage on Procter & Gamble in a research note on Thursday, September 20th. They issued an “overweight” rating and a $94.00 price target for the company. Bank of America increased their price target on Procter & Gamble from $82.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, October 4th. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. UBS Group set a $82.00 price target on Procter & Gamble and gave the company a “hold” rating in a research note on Wednesday, October 17th. Finally, JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and set a $100.00 price target for the company in a research note on Friday, October 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Hold” and an average target price of $90.22.

In related news, Vice Chairman Jon R. Moeller sold 228,905 shares of the stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $91.88, for a total value of $21,031,791.40. Following the completion of the sale, the insider now directly owns 209,033 shares in the company, valued at $19,205,952.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Valarie L. Sheppard sold 40,751 shares of the stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $91.93, for a total value of $3,746,239.43. The disclosure for this sale can be found here. Insiders sold 502,927 shares of company stock valued at $46,437,282 over the last 90 days. 1.84% of the stock is currently owned by company insiders.

NYSE PG opened at $96.64 on Friday. The firm has a market capitalization of $243.63 billion, a P/E ratio of 22.74, a P/E/G ratio of 3.17 and a beta of 0.37. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $96.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. The business had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. Procter & Gamble’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. On average, sell-side analysts anticipate that Procter & Gamble Co will post 4.41 EPS for the current fiscal year.

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About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

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