James Hambro & Partners Invests $220,000 in Procter & Gamble Co (NYSE:PG)

James Hambro & Partners purchased a new stake in Procter & Gamble Co (NYSE:PG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,838 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PG. Allred Capital Management LLC raised its stake in shares of Procter & Gamble by 0.5% during the first quarter. Allred Capital Management LLC now owns 15,959 shares of the company’s stock worth $1,755,000 after purchasing an additional 83 shares during the last quarter. Jolley Asset Management LLC grew its holdings in Procter & Gamble by 4.2% during the first quarter. Jolley Asset Management LLC now owns 2,105 shares of the company’s stock worth $232,000 after acquiring an additional 85 shares during the period. First Financial Corp IN grew its holdings in Procter & Gamble by 0.6% in the first quarter. First Financial Corp IN now owns 14,418 shares of the company’s stock valued at $1,586,000 after purchasing an additional 86 shares during the last quarter. Moseley Investment Management Inc. grew its holdings in Procter & Gamble by 1.1% in the first quarter. Moseley Investment Management Inc. now owns 8,074 shares of the company’s stock valued at $888,000 after purchasing an additional 86 shares during the last quarter. Finally, FCG Advisors LLC boosted its stake in shares of Procter & Gamble by 2.5% during the first quarter. FCG Advisors LLC now owns 3,705 shares of the company’s stock valued at $408,000 after acquiring an additional 90 shares during the last quarter. 63.33% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO R. Alexandra Keith sold 7,360 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $120.00, for a total transaction of $883,200.00. Following the completion of the transaction, the chief executive officer now owns 44,746 shares of the company’s stock, valued at approximately $5,369,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Valarie L. Sheppard sold 25,600 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $119.50, for a total value of $3,059,200.00. Following the transaction, the vice president now owns 50,598 shares in the company, valued at $6,046,461. The disclosure for this sale can be found here. Insiders have sold a total of 8,963,114 shares of company stock valued at $1,067,197,986 in the last three months. 1.75% of the stock is owned by insiders.

Shares of NYSE:PG opened at $124.05 on Tuesday. Procter & Gamble Co has a fifty-two week low of $94.34 and a fifty-two week high of $128.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.83 and a quick ratio of 0.66. The stock has a market capitalization of $306.71 billion, a P/E ratio of 70.09, a P/E/G ratio of 3.29 and a beta of 0.42. The business has a 50-day moving average of $118.11 and a two-hundred day moving average of $118.99.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.04. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The business had revenue of $17.21 billion during the quarter, compared to analysts’ expectations of $17.29 billion. During the same quarter in the previous year, the firm earned $1.06 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. As a group, research analysts expect that Procter & Gamble Co will post 4.96 EPS for the current fiscal year.

PG has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on Procter & Gamble from $117.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Deutsche Bank raised their price objective on Procter & Gamble from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Argus upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, March 26th. Morgan Stanley lifted their target price on Procter & Gamble from $125.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Citigroup lifted their target price on Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $130.31.

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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