MPS Loria Financial Planners LLC Purchases New Holdings in Procter & Gamble Company (The) (PG)

MPS Loria Financial Planners LLC purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,699 shares of the company’s stock, valued at approximately $433,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Procter & Gamble by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after acquiring an additional 4,066,266 shares in the last quarter. BlackRock Inc. increased its stake in shares of Procter & Gamble by 1.4% in the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after acquiring an additional 2,164,426 shares in the last quarter. Trian Fund Management L.P. increased its stake in shares of Procter & Gamble by 2.4% in the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after acquiring an additional 893,157 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Procter & Gamble by 8.1% in the 2nd quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock valued at $1,088,573,000 after acquiring an additional 934,179 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in shares of Procter & Gamble by 74.2% in the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after acquiring an additional 5,278,359 shares in the last quarter. Hedge funds and other institutional investors own 59.54% of the company’s stock.

Procter & Gamble Company (NYSE:PG) traded up $0.89 on Friday, reaching $91.89. 14,857,992 shares of the company’s stock were exchanged, compared to its average volume of 6,060,096. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The stock has a market cap of $233,121.06, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.96 and a beta of 0.67. Procter & Gamble Company has a 1 year low of $83.24 and a 1 year high of $94.67.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The firm had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. sell-side analysts forecast that Procter & Gamble Company will post 4.17 EPS for the current fiscal year.

Several research firms have recently weighed in on PG. Jefferies Group reiterated a “buy” rating and issued a $104.00 price objective (up previously from $103.00) on shares of Procter & Gamble in a research note on Wednesday, September 20th. Vetr upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price target for the company in a research note on Friday, September 15th. Macquarie began coverage on shares of Procter & Gamble in a research note on Thursday, September 14th. They set an “outperform” rating and a $102.00 price target for the company. Bank of America boosted their price target on shares of Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Finally, Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. Procter & Gamble currently has an average rating of “Hold” and an average price target of $88.31.

In related news, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total value of $379,581.00. Following the transaction, the insider now directly owns 85,495 shares of the company’s stock, valued at approximately $7,438,065. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total transaction of $115,664.78. Following the completion of the transaction, the insider now directly owns 20,135 shares in the company, valued at $1,794,229.85. The disclosure for this sale can be found here. Insiders have sold a total of 21,575 shares of company stock worth $1,927,095 over the last ninety days. Insiders own 0.35% of the company’s stock.

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About Procter & Gamble

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 (NYSE:PG)

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