Leavell Investment Management Inc. decreased its holdings in Procter & Gamble Co (NYSE:PG) by 25.1% in the 2nd quarter, Holdings Channel reports. The firm owned 54,369 shares of the company’s stock after selling 18,249 shares during the period. Leavell Investment Management Inc.’s holdings in Procter & Gamble were worth $4,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Delta Asset Management LLC TN raised its position in Procter & Gamble by 0.4% in the 2nd quarter. Delta Asset Management LLC TN now owns 277,027 shares of the company’s stock valued at $21,625,000 after purchasing an additional 1,001 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 valued at $979,000 after purchasing an additional 661 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in Procter & Gamble by 1.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 146,260 shares of the company’s stock valued at $11,417,000 after purchasing an additional 1,681 shares during the last quarter. Sumitomo Life Insurance Co. raised its position in Procter & Gamble by 4.2% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 71,213 shares of the company’s stock valued at $5,559,000 after purchasing an additional 2,872 shares during the last quarter. Finally, Biechele Royce Advisors raised its position in Procter & Gamble by 1,682.3% in the 2nd quarter. Biechele Royce Advisors now owns 120,824 shares of the company’s stock valued at $6,781,000 after purchasing an additional 114,045 shares during the last quarter. Hedge funds and other institutional investors own 58.32% of the company’s stock.

Shares of PG opened at $83.26 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.66 and a current ratio of 0.83. The firm has a market capitalization of $212.44 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.71 and a beta of 0.57. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $93.51.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.52 billion. During the same period in the previous year, the company posted $0.85 EPS. Procter & Gamble’s revenue was up 2.6% compared to the same quarter last year. equities research analysts expect that Procter & Gamble Co will post 4.42 EPS for the current year.

In other news, insider Kathleen B. Fish sold 10,342 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $83.20, for a total transaction of $860,454.40. Following the transaction, the insider now directly owns 16,382 shares of the company’s stock, valued at approximately $1,362,982.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Valarie L. Sheppard sold 27,000 shares of the company’s stock in a transaction 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. Over the last ninety days, insiders have sold 147,186 shares of company stock worth $12,080,849. Corporate insiders own 1.84% of the company’s stock.

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

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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