Meritage Portfolio Management continued to hold its stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,902 shares of the company’s stock at the close of the second quarter. Meritage Portfolio Management’s holdings in Procter & Gamble Company (The) were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Holderness Investments Co. lifted its stake in shares of Procter & Gamble Company (The) by 78.2% during the first quarter. Holderness Investments Co. now owns 21,467 shares of the company’s stock valued at $1,929,000 after buying an additional 9,419 shares during the period. Thomaspartners Inc. increased its position in Procter & Gamble Company (The) by 9.9% during the first quarter. Thomaspartners Inc. now owns 2,483,566 shares of the company’s stock worth $223,148,000 after purchasing an additional 224,714 shares during the last quarter. Whittier Trust Co. increased its position in Procter & Gamble Company (The) by 0.7% during the second quarter. Whittier Trust Co. now owns 287,996 shares of the company’s stock worth $25,099,000 after purchasing an additional 2,113 shares during the last quarter. Hermes Investment Management Ltd. increased its position in Procter & Gamble Company (The) by 19.0% during the second quarter. Hermes Investment Management Ltd. now owns 878,604 shares of the company’s stock worth $76,570,000 after purchasing an additional 140,214 shares during the last quarter. Finally, Pensionfund Sabic acquired a new position in Procter & Gamble Company (The) during the second quarter worth approximately $4,009,000. 59.29% of the stock is currently owned by institutional investors and hedge funds.

PG has been the subject of several research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $104.00 price target (up previously from $103.00) on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 6th. Deutsche Bank AG reaffirmed a “hold” rating and set a $92.00 price target (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research report on Saturday, July 22nd. Zacks Investment Research lowered shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Vetr raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price target for the company in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $90.00.

COPYRIGHT VIOLATION NOTICE: “Meritage Portfolio Management Maintains Holdings in Procter & Gamble Company (The) (PG)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/meritage-portfolio-management-maintains-holdings-in-procter-gamble-company-the-pg/1599315.html.

In other news, insider Mark F. Biegger sold 2,660 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $244,826.40. Following the transaction, the insider now owns 23,133 shares of the company’s stock, valued at $2,129,161.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Insiders sold 45,792 shares of company stock valued at $4,216,070 over the last quarter. Corporate insiders own 0.35% of the company’s stock.

Procter & Gamble Company (NYSE:PG) traded up 0.10% during midday trading on Friday, reaching $90.98. 6,634,464 shares of the company were exchanged. Procter & Gamble Company has a one year low of $81.18 and a one year high of $94.67. The firm has a market cap of $232.00 billion, a P/E ratio of 16.27 and a beta of 0.68. The firm’s 50-day moving average is $92.38 and its 200-day moving average is $89.61. Procter & Gamble Company (The) also was the recipient of some unusual options trading activity on Wednesday. Traders purchased 8,101 put options on the company. This represents an increase of 258% compared to the average daily volume of 2,266 put options.

Procter & Gamble Company (The) (NYSE:PG) last posted its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. The firm had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 earnings per share. On average, equities analysts expect 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)

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.