Peachtree Investment Advisors Inc. grew its position in Procter & Gamble Company (The) (NYSE:PG) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,486 shares of the company’s stock after buying an additional 858 shares during the quarter. Procter & Gamble Company (The) accounts for 2.1% of Peachtree Investment Advisors Inc.’s holdings, making the stock its 11th largest holding. Peachtree Investment Advisors Inc.’s holdings in Procter & Gamble Company (The) were worth $2,395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Grassi Investment Management grew its position in Procter & Gamble Company (The) by 0.5% in the 1st quarter. Grassi Investment Management now owns 183,062 shares of the company’s stock valued at $16,448,000 after acquiring an additional 991 shares in the last quarter. TNB Financial purchased a new stake in Procter & Gamble Company (The) during the first quarter worth about $11,302,000. Edge Wealth Management LLC increased its stake in 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. increased its stake in 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. Finally, Gierl Augustine Investment Management Inc increased its stake in 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. 59.30% of the stock is owned by institutional investors and hedge funds.

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PG has been the subject of a number of research reports. Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $5.00 to $2.00 in a report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $92.44 target price (down from $103.00) on shares of Procter & Gamble Company (The) in a research note on Thursday, August 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 target price on shares of Procter & Gamble Company (The) in a report on Friday, June 30th. Sanford C. Bernstein reiterated an “outperform” rating and set a $100.00 target price (up from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, BidaskClub raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $90.00.

Shares of Procter & Gamble Company (NYSE PG) traded up 0.29% on Tuesday, hitting $92.04. 2,116,587 shares of the stock traded hands. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $94.67. The firm has a market cap of $234.70 billion, a P/E ratio of 16.46 and a beta of 0.67. The firm’s 50-day moving average is $92.59 and its 200 day moving average is $89.70.

Procter & Gamble Company (The) (NYSE:PG) last announced 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 company had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. Procter & Gamble Company (The)’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 EPS. Equities research analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

In other Procter & Gamble Company (The) news, CEO David S. Taylor sold 6,382 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $587,399.28. Following the completion of the transaction, the chief executive officer now directly owns 134,884 shares of the company’s stock, valued at approximately $12,414,723.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was 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. In the last 90 days, insiders 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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