Sumitomo Life Insurance Co. grew its holdings in shares of Procter & Gamble Co (NYSE:PG) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,213 shares of the company’s stock after acquiring an additional 2,872 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Procter & Gamble were worth $5,559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PG. BlackRock Inc. raised its holdings in shares of Procter & Gamble by 1.9% during the 1st quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock valued at $12,890,867,000 after buying an additional 2,961,408 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Procter & Gamble by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 27,189,341 shares of the company’s stock valued at $2,492,983,000 after buying an additional 882,109 shares in the last quarter. Yacktman Asset Management LP raised its holdings in shares of Procter & Gamble by 1.4% during the 1st quarter. Yacktman Asset Management LP now owns 15,382,957 shares of the company’s stock valued at $1,219,561,000 after buying an additional 219,593 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Procter & Gamble by 8.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 13,939,806 shares of the company’s stock valued at $1,105,148,000 after buying an additional 1,089,316 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Procter & Gamble by 17.9% during the 1st quarter. American Century Companies Inc. now owns 13,922,673 shares of the company’s stock valued at $1,103,790,000 after buying an additional 2,115,777 shares in the last quarter. Hedge funds and other institutional investors own 58.32% of the company’s stock.

A number of equities analysts have commented on PG shares. Citigroup decreased their price target on Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a research note on Friday, July 20th. SunTrust Banks lifted their price target on Procter & Gamble to $80.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Deutsche Bank lifted their price target on Procter & Gamble from $81.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Morgan Stanley lifted their price target on Procter & Gamble from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Finally, Jefferies Financial Group cut Procter & Gamble to a “hold” rating and set a $79.00 price target on the stock. in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $84.59.

In other news, SVP Valarie L. Sheppard sold 27,000 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $80.66, for a total value of $2,177,820.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kathleen B. Fish sold 599 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $83.48, for a total value of $50,004.52. Following the completion of the sale, the insider now owns 38,655 shares in the company, valued at $3,226,919.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,186 shares of company stock worth $12,080,849. Corporate insiders own 1.84% of the company’s stock.

Shares of PG stock opened at $84.27 on Tuesday. The company has a market capitalization of $216.35 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $93.51. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.66 and a current ratio of 0.83.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.04. The firm had revenue of $16.50 billion for the quarter, compared to analyst estimates of $16.52 billion. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. research analysts forecast that Procter & Gamble Co will post 4.42 earnings per share for the current 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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