Heritage Financial Services LLC raised its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,524 shares of the company’s stock after buying an additional 719 shares during the period. Procter & Gamble accounts for approximately 0.5% of Heritage Financial Services LLC’s portfolio, making the stock its 16th biggest holding. Heritage Financial Services LLC’s holdings in Procter & Gamble were worth $1,898,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Procter & Gamble by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock worth $28,351,991,000 after purchasing an additional 2,197,165 shares during the period. BlackRock Inc. lifted its position in Procter & Gamble by 1.1% during the 3rd quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock worth $20,440,487,000 after buying an additional 1,811,085 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Procter & Gamble by 108.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,339,628 shares of the company’s stock valued at $421,628,000 after purchasing an additional 1,737,742 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Procter & Gamble by 431.3% in the third quarter. Two Sigma Advisers LP now owns 1,542,800 shares of the company’s stock valued at $194,779,000 after purchasing an additional 1,252,400 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Procter & Gamble by 139.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,718,903 shares of the company’s stock worth $260,517,000 after acquiring an additional 1,000,548 shares during the last quarter. 62.13% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. StockNews.com assumed coverage on Procter & Gamble in a research note on Thursday, March 16th. They set a “hold” rating for the company. Wells Fargo & Company decreased their price objective on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a report on Friday, January 20th. UBS Group increased their target price on shares of Procter & Gamble from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $155.00 in a report on Friday, March 3rd. Finally, Citigroup began coverage on shares of Procter & Gamble in a report on Thursday, February 16th. They issued a “buy” rating and a $160.00 price target for the company. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $156.00.
Procter & Gamble Trading Down 0.8 %
Procter & Gamble (NYSE:PG – Get Rating) last issued its earnings results on Thursday, January 19th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. The business had revenue of $20.77 billion during the quarter, compared to analyst estimates of $20.75 billion. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 EPS. On average, analysts expect that The Procter & Gamble Company will post 5.84 EPS for the current year.
Insider Buying and Selling at Procter & Gamble
In other news, CEO Jon R. Moeller sold 2,151 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the sale, the chief executive officer now owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Susan Street Whaley sold 709 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $97,374.06. Following the transaction, the insider now owns 10,198 shares in the company, valued at approximately $1,400,593.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jon R. Moeller sold 2,151 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the sale, the chief executive officer now directly owns 226,748 shares in the company, valued at $31,141,570.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,766 shares of company stock worth $656,511. Insiders own 0.26% of the company’s stock.
About Procter & Gamble
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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