Delta Asset Management LLC TN grew its holdings in shares of Procter & Gamble Co (NYSE:PG) by 0.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 277,027 shares of the company’s stock after buying an additional 1,001 shares during the period. Procter & Gamble makes up 3.1% of Delta Asset Management LLC TN’s investment portfolio, making the stock its 12th largest position. Delta Asset Management LLC TN’s holdings in Procter & Gamble were worth $21,625,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PG. Hutner Capital Management Inc. raised its position in Procter & Gamble by 0.9% in the 2nd quarter. Hutner Capital Management Inc. now owns 76,118 shares of the company’s stock worth $5,942,000 after buying an additional 645 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its position in Procter & Gamble by 5.6% in the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,539 shares of the company’s stock worth $979,000 after buying an additional 661 shares during the last quarter. Signature Wealth Management Group raised its position in Procter & Gamble by 2.0% in the 2nd quarter. Signature Wealth Management Group now owns 35,233 shares of the company’s stock worth $2,750,000 after buying an additional 674 shares during the last quarter. Jag Capital Management LLC raised its position in Procter & Gamble by 3.3% in the 2nd quarter. Jag Capital Management LLC now owns 21,934 shares of the company’s stock worth $1,712,000 after buying an additional 706 shares during the last quarter. Finally, Garland Capital Management Inc. raised its position in Procter & Gamble by 1.3% in the 2nd quarter. Garland Capital Management Inc. now owns 57,592 shares of the company’s stock worth $4,495,000 after buying an additional 730 shares during the last quarter. Hedge funds and other institutional investors own 58.32% of the company’s stock.

PG has been the subject of a number of recent analyst reports. Morgan Stanley reissued a “hold” rating on shares of Procter & Gamble in a research report on Monday, June 11th. Zacks Investment Research lowered Procter & Gamble from a “hold” rating to a “sell” rating in a research report on Monday, June 25th. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research report on Monday, July 9th. UBS Group lowered Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research report on Wednesday, July 18th. Finally, Citigroup decreased their target price on Procter & Gamble from $98.00 to $89.00 and set a “buy” rating for the company in a research report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $84.59.

In related news, insider Kathleen B. Fish sold 26,946 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $80.55, for a total value of $2,170,500.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Valarie L. Sheppard sold 27,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $80.66, for a total transaction of $2,177,820.00. The disclosure for this sale can be found here. Insiders have sold a total of 147,186 shares of company stock valued at $12,080,849 in the last ninety days. Insiders own 1.84% of the company’s stock.

NYSE PG opened at $83.26 on Thursday. Procter & Gamble Co has a 52 week low of $70.73 and a 52 week high of $93.51. The stock has a market cap of $212.44 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.71 and a beta of 0.57. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.04. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The firm had revenue of $16.50 billion during the quarter, compared to analyst estimates of $16.52 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. sell-side analysts forecast that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.

Procter & Gamble Company 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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