LaFleur & Godfrey LLC Sells 193 Shares of Procter & Gamble Co (NYSE:PG)

LaFleur & Godfrey LLC lessened its position in Procter & Gamble Co (NYSE:PG) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,616 shares of the company’s stock after selling 193 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Procter & Gamble were worth $2,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC bought a new position in shares of Procter & Gamble during the second quarter valued at about $25,000. Camarda Financial Advisors LLC grew its stake in shares of Procter & Gamble by 59.2% in the second quarter. Camarda Financial Advisors LLC now owns 269 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth about $36,000. Dougherty Wealth Advisers LLC grew its stake in shares of Procter & Gamble by 250.0% in the second quarter. Dougherty Wealth Advisers LLC now owns 350 shares of the company’s stock worth $38,000 after purchasing an additional 250 shares during the last quarter. Finally, Smart Portfolios LLC grew its stake in shares of Procter & Gamble by 48.0% in the fourth quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock worth $41,000 after purchasing an additional 146 shares during the last quarter. 65.63% of the stock is currently owned by institutional investors and hedge funds.

NYSE:PG opened at $122.24 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44. Procter & Gamble Co has a 12 month low of $78.49 and a 12 month high of $123.43. The company has a market cap of $303.84 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 3.52 and a beta of 0.42. The company has a 50 day simple moving average of $119.39 and a two-hundred day simple moving average of $110.29.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The business had revenue of $17.09 billion during the quarter, compared to the consensus estimate of $16.86 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. Research analysts forecast that Procter & Gamble Co will post 4.84 earnings per share for the current year.

In other Procter & Gamble news, insider Mary Theresa Grabowski sold 5,200 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $119.10, for a total value of $619,320.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Carolyn M. Tastad sold 10,662 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $118.00, for a total transaction of $1,258,116.00. Following the completion of the transaction, the insider now owns 61,225 shares in the company, valued at $7,224,550. The disclosure for this sale can be found here. Insiders have sold a total of 448,674 shares of company stock worth $53,197,461 over the last 90 days. Corporate insiders own 1.75% of the company’s stock.

Several analysts recently issued reports on PG shares. Credit Suisse Group raised their target price on Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a research note on Friday, July 5th. TheStreet cut Procter & Gamble from an “a-” rating to a “c+” rating in a research note on Tuesday, July 30th. Wells Fargo & Co reissued a “buy” rating and issued a $135.00 target price (up from $125.00) on shares of Procter & Gamble in a research note on Tuesday, July 30th. Finally, Stifel Nicolaus set a $117.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $108.89.

Procter & Gamble Profile

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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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

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