Stokes & Hubbell Capital Management LLC lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 42,228 shares of the company’s stock after selling 3,141 shares during the quarter. Procter & Gamble Company (The) comprises about 1.1% of Stokes & Hubbell Capital Management LLC’s portfolio, making the stock its 25th largest position. Stokes & Hubbell Capital Management LLC’s holdings in Procter & Gamble Company (The) were worth $3,680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Karp Capital Management Corp acquired a new position in shares of Procter & Gamble Company (The) in the 1st quarter valued at about $126,275,000. Bank of Nova Scotia lifted its holdings in shares of Procter & Gamble Company (The) by 232.6% in the 1st quarter. Bank of Nova Scotia now owns 1,227,101 shares of the company’s stock valued at $110,256,000 after buying an additional 858,200 shares during the period. Hermes Investment Management Ltd. lifted its holdings in shares of Procter & Gamble Company (The) by 2,810.3% in the 1st quarter. Hermes Investment Management Ltd. now owns 738,390 shares of the company’s stock valued at $66,344,000 after buying an additional 713,018 shares during the period. British Airways Pensions Investment Management Ltd acquired a new position in shares of Procter & Gamble Company (The) in the 1st quarter valued at about $52,682,000. Finally, Nuance Investments LLC acquired a new position in shares of Procter & Gamble Company (The) in the 1st quarter valued at about $42,694,000. 59.29% of the stock is owned by institutional investors.

Procter & Gamble Company (NYSE PG) traded up 0.10% during midday trading on Friday, reaching $90.98. The company’s stock had a trading volume of 6,634,464 shares. The firm has a market capitalization of $232.00 billion, a P/E ratio of 16.27 and a beta of 0.68. The company’s 50-day moving average is $92.38 and its 200 day moving average is $89.61. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.67.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly 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. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The company had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $16.01 billion. During the same period last year, the firm earned $0.79 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on PG. Macquarie began coverage on Procter & Gamble Company (The) in a report on Thursday, September 14th. They issued an “outperform” rating and a $102.00 price objective for the company. Vetr raised Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price objective for the company in a report on Friday, September 15th. Jefferies Group LLC reissued a “buy” rating and issued a $92.44 price objective (down previously from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. BidaskClub raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Bank of America Corporation boosted their price objective on Procter & Gamble Company (The) from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $90.00.

In other news, insider Suranjan Magesvaran sold 10,512 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. Over the last quarter, insiders have sold 45,792 shares of company stock valued at $4,216,070. Insiders own 0.35% of the company’s stock.

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Procter & Gamble Company (The) Company 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.

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Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

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