Gotham Asset Management LLC Invests $19.08 Million in Procter & Gamble Company (The) (PG) Stock

Gotham Asset Management LLC bought a new position in Procter & Gamble Company (The) (NYSE:PG) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 212,325 shares of the company’s stock, valued at approximately $19,077,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in PG. Private Asset Management Inc. boosted its holdings in shares of Procter & Gamble Company (The) by 4.7% in the first quarter. Private Asset Management Inc. now owns 87,223 shares of the company’s stock worth $7,837,000 after buying an additional 3,948 shares during the period. McQueen Ball & Associates Inc. boosted its holdings in shares of Procter & Gamble Company (The) by 1.3% during the first quarter. McQueen Ball & Associates Inc. now owns 22,262 shares of the company’s stock worth $2,000,000 after purchasing an additional 282 shares during the period. Triangle Securities Wealth Management boosted its holdings in shares of Procter & Gamble Company (The) by 3.8% during the first quarter. Triangle Securities Wealth Management now owns 23,919 shares of the company’s stock worth $2,149,000 after purchasing an additional 873 shares during the period. Rosenbaum Jay D. boosted its holdings in shares of Procter & Gamble Company (The) by 1.3% during the first quarter. Rosenbaum Jay D. now owns 19,756 shares of the company’s stock worth $1,775,000 after purchasing an additional 260 shares during the period. Finally, Moreno Evelyn V boosted its holdings in shares of Procter & Gamble Company (The) by 15.8% during the first quarter. Moreno Evelyn V now owns 61,092 shares of the company’s stock worth $5,490,000 after purchasing an additional 8,334 shares during the period. Institutional investors own 59.29% of the company’s stock.

Procter & Gamble Company (NYSE:PG) opened at 92.24 on Monday. The company’s 50-day moving average is $92.38 and its 200 day moving average is $89.61. The firm has a market cap of $235.21 billion, a P/E ratio of 16.49 and a beta of 0.68. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same period last year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts expect that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://stocknewstimes.com/2017/09/25/gotham-asset-management-llc-acquires-shares-of-212325-procter-gamble-company-the-pg.html.

In related news, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $587,399.28. Following the completion of the sale, the chief executive officer now owns 134,884 shares in the company, valued at $12,414,723.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark F. Biegger sold 2,660 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $244,826.40. Following the sale, the insider now owns 23,133 shares of the company’s stock, valued at approximately $2,129,161.32. The disclosure for this sale can be found here. Insiders have sold 45,792 shares of company stock worth $4,216,070 over the last three months. 0.35% of the stock is currently owned by insiders.

Several analysts recently commented on PG shares. Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $5.00 to $2.00 in a report on Thursday, June 22nd. Royal Bank Of Canada restated a “hold” rating and set a $80.00 price target on shares of Procter & Gamble Company (The) in a report on Friday, June 30th. Vetr lowered shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price objective on the stock. in a research report on Monday, July 3rd. 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, BidaskClub lowered shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $90.00.

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.

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply