Cable Hill Partners LLC lifted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 86.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,444 shares of the company’s stock after buying an additional 2,066 shares during the period. Cable Hill Partners LLC’s holdings in Procter & Gamble were worth $404,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. Asset Planning Services Ltd. increased its position in Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after buying an additional 5 shares in the last quarter. Harding Loevner LP bought a new stake in Procter & Gamble in the 2nd quarter valued at about $119,000. Kohmann Bosshard Financial Services LLC bought a new stake in Procter & Gamble in the 3rd quarter valued at about $125,000. Blume Capital Management Inc. boosted its stake in Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after purchasing an additional 300 shares during the last quarter. Finally, Winfield Associates Inc. boosted its stake in Procter & Gamble by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after purchasing an additional 15 shares during the last quarter. 59.56% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Carolyn M. Tastad sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the transaction, the insider now owns 57,191 shares in the company, valued at approximately $5,100,293.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the transaction, the insider now owns 85,495 shares in the company, valued at approximately $7,438,065. The disclosure for this sale can be found here. Insiders sold a total of 21,575 shares of company stock worth $1,927,095 in the last 90 days. Company insiders own 0.35% of the company’s stock.
Procter & Gamble Company (PG) opened at $91.24 on Friday. Procter & Gamble Company has a 12 month low of $83.24 and a 12 month high of $94.67. The firm has a market capitalization of $231,470.00, a P/E ratio of 24.40, a PEG ratio of 2.93 and a beta of 0.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37.
Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The firm had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s revenue was up .8% compared to the same quarter last year. research analysts forecast that Procter & Gamble Company will post 4.18 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on PG shares. Jefferies Group reiterated a “buy” rating and set a $99.00 price target on shares of Procter & Gamble in a research note on Monday, December 18th. Stifel Nicolaus set a $87.00 price target on Procter & Gamble and gave the company a “hold” rating in a research note on Friday, October 20th. Goldman Sachs Group reiterated a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, October 4th. Deutsche Bank started coverage on Procter & Gamble in a research note on Tuesday, December 19th. They set a “buy” rating and a $91.88 price target for the company. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $88.57.
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Procter & Gamble Company Profile
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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