Procter & Gamble Co (NYSE:PG) Shares Sold by M&R Capital Management Inc.

M&R Capital Management Inc. trimmed its position in Procter & Gamble Co (NYSE:PG) by 0.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,025 shares of the company’s stock after selling 100 shares during the period. M&R Capital Management Inc.’s holdings in Procter & Gamble were worth $3,477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. Capital Planning Advisors LLC increased its position in shares of Procter & Gamble by 2.7% during the 2nd quarter. Capital Planning Advisors LLC now owns 2,973 shares of the company’s stock valued at $355,000 after purchasing an additional 77 shares during the last quarter. Cadinha & Co. LLC increased its position in shares of Procter & Gamble by 1.4% during the 2nd quarter. Cadinha & Co. LLC now owns 5,606 shares of the company’s stock valued at $670,000 after purchasing an additional 80 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in shares of Procter & Gamble by 0.5% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 16,728 shares of the company’s stock valued at $2,000,000 after purchasing an additional 80 shares during the last quarter. Mosaic Family Wealth LLC increased its position in shares of Procter & Gamble by 1.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 6,804 shares of the company’s stock valued at $814,000 after purchasing an additional 81 shares during the last quarter. Finally, Oxford Financial Group Ltd. increased its position in shares of Procter & Gamble by 0.6% during the 2nd quarter. Oxford Financial Group Ltd. now owns 14,686 shares of the company’s stock valued at $1,756,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 62.81% of the company’s stock.

Shares of NYSE PG traded up $0.25 during midday trading on Thursday, reaching $139.24. 5,713,397 shares of the stock traded hands, compared to its average volume of 8,551,592. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68. The stock has a market capitalization of $346.65 billion, a PE ratio of 28.01, a P/E/G ratio of 3.45 and a beta of 0.43. Procter & Gamble Co has a one year low of $94.34 and a one year high of $141.70. The company’s 50 day moving average is $137.37 and its 200 day moving average is $122.94.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, July 30th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The firm had revenue of $17.70 billion during the quarter, compared to the consensus estimate of $16.97 billion. Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. As a group, equities analysts forecast that Procter & Gamble Co will post 5.4 EPS for the current year.

In related news, CEO David S. Taylor sold 30,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $130.22, for a total value of $3,906,600.00. Following the completion of the sale, the chief executive officer now directly owns 273,429 shares in the company, valued at $35,605,924.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Valarie L. Sheppard sold 4,688 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $138.28, for a total value of $648,256.64. Following the completion of the sale, the vice president now owns 26,704 shares of the company’s stock, valued at $3,692,629.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 272,757 shares of company stock valued at $36,738,374. 0.70% of the stock is owned by corporate insiders.

Several equities research analysts recently issued reports on PG shares. Barclays reissued a “buy” rating on shares of Procter & Gamble in a report on Sunday, August 2nd. Jefferies Financial Group increased their target price on shares of Procter & Gamble from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Deutsche Bank increased their target price on shares of Procter & Gamble from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Morgan Stanley reissued a “buy” rating and issued a $144.00 target price on shares of Procter & Gamble in a report on Tuesday, August 18th. Finally, SunTrust Banks increased their target price on shares of Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $133.67.

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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