EP Wealth Advisors LLC Has $2.58 Million Stock Position in Procter & Gamble Co (NYSE:PG)

EP Wealth Advisors LLC increased its position in shares of Procter & Gamble Co (NYSE:PG) by 9.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,486 shares of the company’s stock after purchasing an additional 2,114 shares during the quarter. EP Wealth Advisors LLC’s holdings in Procter & Gamble were worth $2,575,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Coho Partners Ltd. grew its holdings in Procter & Gamble by 4.7% during the 4th quarter. Coho Partners Ltd. now owns 1,011,035 shares of the company’s stock worth $92,934,000 after acquiring an additional 44,945 shares during the last quarter. Transamerica Financial Advisors Inc. grew its holdings in Procter & Gamble by 8.4% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 5,396 shares of the company’s stock worth $496,000 after acquiring an additional 417 shares during the last quarter. Integrated Investment Consultants LLC grew its holdings in Procter & Gamble by 4.0% during the 4th quarter. Integrated Investment Consultants LLC now owns 8,145 shares of the company’s stock worth $749,000 after acquiring an additional 314 shares during the last quarter. Wade G W & Inc. grew its holdings in Procter & Gamble by 2.5% during the 4th quarter. Wade G W & Inc. now owns 192,506 shares of the company’s stock worth $17,695,000 after acquiring an additional 4,627 shares during the last quarter. Finally, Bailard Inc. grew its holdings in Procter & Gamble by 148.9% during the 4th quarter. Bailard Inc. now owns 39,834 shares of the company’s stock worth $3,662,000 after acquiring an additional 23,832 shares during the last quarter. Institutional investors and hedge funds own 65.63% of the company’s stock.

A number of brokerages have commented on PG. Goldman Sachs Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $114.00 to $125.00 in a report on Thursday, June 27th. Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. Stifel Nicolaus set a $117.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. Deutsche Bank increased their price objective on shares of Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, June 17th. Finally, UBS Group set a $122.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. Procter & Gamble currently has a consensus rating of “Hold” and a consensus price target of $108.89.

Shares of NYSE PG traded down $0.66 during mid-day trading on Tuesday, hitting $123.72. The company’s stock had a trading volume of 253,726 shares, compared to its average volume of 6,785,399. The stock has a market cap of $311.75 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 3.62 and a beta of 0.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58. Procter & Gamble Co has a one year low of $78.49 and a one year high of $125.36. The company’s fifty day simple moving average is $120.89 and its 200-day simple moving average is $111.53.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.04. The company had revenue of $17.09 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. On average, sell-side analysts predict that Procter & Gamble Co will post 4.84 EPS for the current year.

In related news, insider Carolyn M. Tastad sold 10,662 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $118.00, for a total value of $1,258,116.00. Following the sale, the insider now directly owns 61,225 shares in the company, valued at approximately $7,224,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 141,575 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $118.05, for a total transaction of $16,712,928.75. The disclosure for this sale can be found here. Insiders sold a total of 448,674 shares of company stock worth $53,197,461 over the last quarter. 1.75% of the stock is currently owned by corporate insiders.

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

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