Matthew Goff Investment Advisor LLC Has $7.19 Million Stake in Procter & Gamble Co (PG)

Matthew Goff Investment Advisor LLC boosted its stake in Procter & Gamble Co (NYSE:PG) by 1.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 86,412 shares of the company’s stock after buying an additional 1,517 shares during the period. Procter & Gamble comprises 1.8% of Matthew Goff Investment Advisor LLC’s portfolio, making the stock its 16th largest position. Matthew Goff Investment Advisor LLC’s holdings in Procter & Gamble were worth $7,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Miracle Mile Advisors LLC raised its stake in shares of Procter & Gamble by 178.3% in the second quarter. Miracle Mile Advisors LLC now owns 23,331 shares of the company’s stock valued at $1,821,000 after buying an additional 14,948 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Procter & Gamble by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 14,414,335 shares of the company’s stock valued at $1,125,183,000 after buying an additional 474,529 shares during the period. Manchester Capital Management LLC raised its stake in shares of Procter & Gamble by 11.6% in the second quarter. Manchester Capital Management LLC now owns 16,282 shares of the company’s stock valued at $1,271,000 after buying an additional 1,689 shares during the period. Loudon Investment Management LLC raised its stake in shares of Procter & Gamble by 45.8% in the second quarter. Loudon Investment Management LLC now owns 3,777 shares of the company’s stock valued at $295,000 after buying an additional 1,187 shares during the period. Finally, Segall Bryant & Hamill LLC raised its stake in shares of Procter & Gamble by 18.4% in the second quarter. Segall Bryant & Hamill LLC now owns 169,011 shares of the company’s stock valued at $13,193,000 after buying an additional 26,274 shares during the period. 60.74% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Gary A. Coombe sold 9,000 shares of the business’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $93.90, for a total transaction of $845,100.00. Following the completion of the transaction, the insider now directly owns 18,517 shares in the company, valued at $1,738,746.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Valarie L. Sheppard sold 1,236 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $100.12, for a total value of $123,748.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,270,496 shares of company stock valued at $224,931,027. 1.84% of the stock is owned by company insiders.

Shares of NYSE PG opened at $102.44 on Monday. The firm has a market capitalization of $258.25 billion, a PE ratio of 24.27, a P/E/G ratio of 3.26 and a beta of 0.38. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $102.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.78 and a quick ratio of 0.61.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.04. The company had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $17.16 billion. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 earnings per share. As a group, equities research analysts predict that Procter & Gamble Co will post 4.46 earnings per share for the current year.

Several analysts have issued reports on PG shares. Citigroup boosted their target price on Procter & Gamble from $99.00 to $104.00 and gave the company a “buy” rating in a research note on Monday, December 10th. Bank of America upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and set a $108.00 target price on the stock in a research note on Thursday, December 13th. Morgan Stanley upgraded Procter & Gamble from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $91.00 to $106.00 in a research note on Thursday, December 13th. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research note on Wednesday, December 19th. Finally, Barclays restated a “hold” rating and issued a $89.00 target price on shares of Procter & Gamble in a research note on Tuesday, January 8th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Hold” and a consensus target price of $96.21.

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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.

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

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