Evercore Wealth Management LLC Buys 7,718 Shares of Procter & Gamble Co (NYSE:PG)

Evercore Wealth Management LLC boosted its stake in shares of Procter & Gamble Co (NYSE:PG) by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,019 shares of the company’s stock after purchasing an additional 7,718 shares during the period. Evercore Wealth Management LLC’s holdings in Procter & Gamble were worth $9,432,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PG. FMR LLC lifted its position in Procter & Gamble by 26.4% during the first quarter. FMR LLC now owns 35,400,538 shares of the company’s stock valued at $3,683,425,000 after purchasing an additional 7,389,251 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd lifted its position in Procter & Gamble by 15,168.2% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,936,221 shares of the company’s stock valued at $269,897,000 after purchasing an additional 2,916,990 shares during the period. BlackRock Inc. lifted its position in Procter & Gamble by 1.5% during the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after purchasing an additional 2,470,382 shares during the period. California Public Employees Retirement System lifted its position in Procter & Gamble by 24.3% during the fourth quarter. California Public Employees Retirement System now owns 8,672,672 shares of the company’s stock valued at $797,192,000 after purchasing an additional 1,698,051 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in Procter & Gamble by 150.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,803,802 shares of the company’s stock valued at $308,683,000 after purchasing an additional 1,682,777 shares during the period. Institutional investors own 65.83% of the company’s stock.

Several research analysts have weighed in on the stock. Morgan Stanley set a $129.00 price target on shares of Procter & Gamble and gave the stock a “buy” rating in a research report on Monday, August 12th. Scotiabank reiterated a “buy” rating on shares of Procter & Gamble in a research report on Friday, July 5th. TheStreet downgraded shares of Procter & Gamble from an “a-” rating to a “c+” rating in a research report on Tuesday, July 30th. Stifel Nicolaus set a $117.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Credit Suisse Group increased their price target on shares of Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $108.15.

In other news, VP Valarie L. Sheppard sold 1,259 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total value of $151,533.24. Following the completion of the sale, the vice president now directly owns 26,094 shares of the company’s stock, valued at $3,140,673.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Steven D. Bishop sold 32,945 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $117.00, for a total transaction of $3,854,565.00. Following the completion of the sale, the chief executive officer now directly owns 78,052 shares of the company’s stock, valued at $9,132,084. The disclosure for this sale can be found here. Over the last three months, insiders sold 448,674 shares of company stock valued at $53,197,461. Corporate insiders own 1.75% of the company’s stock.

Shares of NYSE PG opened at $122.12 on Friday. The firm has a fifty day moving average price of $118.60 and a 200-day moving average price of $109.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58. The stock has a market cap of $307.25 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 3.56 and a beta of 0.42. Procter & Gamble Co has a 1 year low of $78.49 and a 1 year high of $123.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion during the quarter, compared to analysts’ expectations of $16.86 billion. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 earnings per share. On average, research analysts expect that Procter & Gamble Co will post 4.84 EPS for the current year.

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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