1ST Source Bank decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,530 shares of the company’s stock after selling 602 shares during the quarter. Procter & Gamble Company (The) comprises approximately 0.7% of 1ST Source Bank’s holdings, making the stock its 22nd biggest holding. 1ST Source Bank’s holdings in Procter & Gamble Company (The) were worth $8,238,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Shell Asset Management Co. lifted its holdings in shares of Procter & Gamble Company (The) by 26.8% during the 2nd quarter. Shell Asset Management Co. now owns 442,773 shares of the company’s stock valued at $38,588,000 after acquiring an additional 93,464 shares in the last quarter. Montecito Bank & Trust lifted its holdings in shares of Procter & Gamble Company (The) by 3.1% during the 2nd quarter. Montecito Bank & Trust now owns 17,056 shares of the company’s stock valued at $1,487,000 after acquiring an additional 505 shares in the last quarter. Lederer & Associates Investment Counsel CA lifted its holdings in shares of Procter & Gamble Company (The) by 5.1% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 21,371 shares of the company’s stock valued at $1,862,000 after acquiring an additional 1,045 shares in the last quarter. Fayerweather Charles lifted its holdings in shares of Procter & Gamble Company (The) by 1.0% during the 2nd quarter. Fayerweather Charles now owns 29,200 shares of the company’s stock valued at $2,545,000 after acquiring an additional 291 shares in the last quarter. Finally, Aviance Capital Partners LLC lifted its holdings in shares of Procter & Gamble Company (The) by 9.2% during the 2nd quarter. Aviance Capital Partners LLC now owns 55,747 shares of the company’s stock valued at $4,858,000 after acquiring an additional 4,713 shares in the last quarter. Institutional investors and hedge funds own 59.30% of the company’s stock.

Several research firms recently weighed in on PG. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Procter & Gamble Company (The) in a report on Wednesday, October 4th. Jefferies Group LLC restated a “buy” rating and set a $92.44 target price (down previously from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. BidaskClub raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Stifel Nicolaus reaffirmed a “hold” rating and set a $90.00 price target (up previously from $87.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Finally, Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $90.00.

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In other news, SVP Valarie L. Sheppard sold 20,175 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David S. Taylor sold 6,382 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the transaction, the chief executive officer now owns 134,884 shares of the company’s stock, valued at approximately $12,414,723.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,792 shares of company stock valued at $4,216,070. Corporate insiders own 0.35% of the company’s stock.

Procter & Gamble Company (NYSE PG) opened at 92.33 on Monday. The firm has a market capitalization of $235.44 billion, a price-to-earnings ratio of 16.51 and a beta of 0.67. The stock has a 50 day moving average of $92.61 and a 200 day moving average of $89.75. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $94.67.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The company had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter in the prior year, the company posted $0.79 EPS. The business’s revenue was down .1% on a year-over-year basis. Equities research analysts anticipate that Procter & Gamble Company will post $4.17 earnings per share for the current year.

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

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