Edgestream Partners L.P. Purchases 1,663 Shares of Procter & Gamble Company (The) (PG)

Edgestream Partners L.P. increased its position in Procter & Gamble Company (The) (NYSE:PG) by 23.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,715 shares of the company’s stock after purchasing an additional 1,663 shares during the period. Edgestream Partners L.P.’s holdings in Procter & Gamble Company (The) were worth $783,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Karp Capital Management Corp bought a new position in shares of Procter & Gamble Company (The) during the first quarter valued at $126,275,000. Hermes Investment Management Ltd. lifted its holdings in shares of Procter & Gamble Company (The) by 2,810.3% during the first quarter. Hermes Investment Management Ltd. now owns 738,390 shares of the company’s stock valued at $66,344,000 after purchasing an additional 713,018 shares in the last quarter. British Airways Pensions Investment Management Ltd bought a new position in shares of Procter & Gamble Company (The) during the first quarter valued at $52,682,000. Nuance Investments LLC bought a new position in shares of Procter & Gamble Company (The) during the first quarter valued at $42,694,000. Finally, WINTON GROUP Ltd lifted its holdings in shares of Procter & Gamble Company (The) by 9,226.9% during the first quarter. WINTON GROUP Ltd now owns 325,694 shares of the company’s stock valued at $29,231,000 after purchasing an additional 322,202 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors.

PG has been the topic of a number of research analyst reports. Vetr raised Procter & Gamble Company (The) from a “buy” rating to a “strong-buy” rating and set a $96.50 price target on the stock in a report on Thursday, May 18th. Capital One Financial Corporation downgraded Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $5.00 to $2.00 in a report on Thursday, June 22nd. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 target price on shares of Procter & Gamble Company (The) in a report on Friday, June 30th. Zacks Investment Research downgraded Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, BidaskClub downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $88.10.

In related news, SVP Valarie L. Sheppard sold 20,175 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,792 shares of company stock worth $4,216,070. Company insiders own 0.35% of the company’s stock.

WARNING: “Edgestream Partners L.P. Purchases 1,663 Shares of Procter & Gamble Company (The) (PG)” was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://sportsperspectives.com/2017/09/11/edgestream-partners-l-p-purchases-1663-shares-of-procter-gamble-company-the-pg.html.

Shares of Procter & Gamble Company (PG) traded up 1.029% on Monday, hitting $93.795. The stock had a trading volume of 3,170,949 shares. The stock has a 50 day moving average of $91.66 and a 200 day moving average of $89.48. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $93.98. The firm has a market cap of $239.18 billion, a price-to-earnings ratio of 16.770 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Equities analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were paid a $0.6896 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.97%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is presently 49.37%.

About Procter & Gamble Company (The)

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