Cottage Street Advisors LLC lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 717.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,945 shares of the company’s stock after buying an additional 49,100 shares during the period. Cottage Street Advisors LLC’s holdings in Procter & Gamble Company (The) were worth $596,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont lifted its position in shares of Procter & Gamble Company (The) by 2.5% in the second quarter. Trust Co. of Vermont now owns 142,145 shares of the company’s stock worth $12,387,000 after purchasing an additional 3,489 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in Procter & Gamble Company (The) by 1.5% during the second quarter. NEXT Financial Group Inc now owns 31,073 shares of the company’s stock worth $2,708,000 after purchasing an additional 460 shares during the last quarter. Peachtree Investment Advisors Inc. boosted its holdings in Procter & Gamble Company (The) by 3.2% during the second quarter. Peachtree Investment Advisors Inc. now owns 27,486 shares of the company’s stock worth $2,395,000 after purchasing an additional 858 shares during the last quarter. Union Bankshares Corp boosted its holdings in Procter & Gamble Company (The) by 0.7% during the second quarter. Union Bankshares Corp now owns 65,781 shares of the company’s stock worth $5,733,000 after purchasing an additional 425 shares during the last quarter. Finally, Arvest Bank Trust Division boosted its holdings in Procter & Gamble Company (The) by 0.9% during the second quarter. Arvest Bank Trust Division now owns 165,809 shares of the company’s stock worth $14,450,000 after purchasing an additional 1,509 shares during the last quarter. 59.30% of the stock is owned by institutional investors.

Procter & Gamble Company (PG) traded up 0.494% on Wednesday, reaching $92.575. 2,749,590 shares of the company’s stock traded hands. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.67. The stock has a market cap of $236.07 billion, a price-to-earnings ratio of 16.552 and a beta of 0.67. The company’s 50 day moving average is $92.61 and its 200-day moving average is $89.71.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. During the same period last year, the company posted $0.79 earnings per share. Procter & Gamble Company (The)’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts expect that Procter & Gamble Company will post $4.17 EPS for the current year.

PG has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $104.00 target price (up previously from $103.00) on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 20th. Macquarie began coverage on shares of Procter & Gamble Company (The) in a research report on Thursday, September 14th. They set an “outperform” rating and a $102.00 price target on the stock. Vetr raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price target on the stock in a research report on Friday, September 15th. Bank of America Corporation boosted their price target on shares of Procter & Gamble Company (The) from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a research note on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $90.00.

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In other Procter & Gamble Company (The) news, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $587,399.28. Following the transaction, the chief executive officer now directly owns 134,884 shares in the company, valued at $12,414,723.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,792 shares of company stock valued at $4,216,070. Insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

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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