Delaney Dennis R lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,390 shares of the company’s stock after selling 318 shares during the period. Procter & Gamble Company (The) makes up about 4.8% of Delaney Dennis R’s investment portfolio, making the stock its 4th largest holding. Delaney Dennis R’s holdings in Procter & Gamble Company (The) were worth $2,387,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. TNB Financial acquired a new position in shares of Procter & Gamble Company (The) in the 1st quarter worth $11,302,000. Edge Wealth Management LLC raised its position in shares of Procter & Gamble Company (The) by 17.1% during the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after purchasing an additional 240 shares during the period. Honkamp Krueger Financial Services Inc. raised its position in shares of Procter & Gamble Company (The) by 9.3% during the first quarter. Honkamp Krueger Financial Services Inc. now owns 39,033 shares of the company’s stock worth $3,507,000 after purchasing an additional 3,336 shares during the period. Gierl Augustine Investment Management Inc raised its position in shares of Procter & Gamble Company (The) by 5.4% during the first quarter. Gierl Augustine Investment Management Inc now owns 37,301 shares of the company’s stock worth $3,351,000 after purchasing an additional 1,911 shares during the period. Finally, Prospera Financial Services Inc raised its position in shares of Procter & Gamble Company (The) by 5.9% during the first quarter. Prospera Financial Services Inc now owns 16,129 shares of the company’s stock worth $1,449,000 after purchasing an additional 899 shares during the period. 59.30% of the stock is currently owned by institutional investors.

In related news, SVP Valarie L. Sheppard sold 20,175 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total value of $1,869,213.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Suranjan Magesvaran sold 10,512 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. Insiders sold a total of 45,792 shares of company stock worth $4,216,070 over the last ninety days. 0.35% of the stock is currently owned by insiders.

PG has been the subject of several analyst reports. Zacks Investment Research raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Tuesday, August 1st. Vetr cut Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target on the stock. in a research note on Monday, July 3rd. Capital One Financial Corporation cut Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $5.00 to $2.00 in a research note on Thursday, June 22nd. BidaskClub downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “buy” rating and set a $98.00 price objective on shares of Procter & Gamble Company (The) in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $90.00.

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Procter & Gamble Company (NYSE PG) traded up 0.39% during midday trading on Wednesday, hitting $92.48. The stock had a trading volume of 3,073,311 shares. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.67. The firm has a market cap of $235.83 billion, a P/E ratio of 16.53 and a beta of 0.67. The stock has a 50-day moving average of $92.61 and a 200-day moving average of $89.71.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 the consensus estimate of $16.01 billion. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. Analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

Procter & Gamble Company (The) 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.

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

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