Factory Mutual Insurance Co. Continues to Hold Position in Procter & Gamble Company (The) (PG)

Factory Mutual Insurance Co. continued to hold its stake in Procter & Gamble Company (The) (NYSE:PG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,367,862 shares of the company’s stock at the end of the second quarter. Procter & Gamble Company (The) accounts for 1.4% of Factory Mutual Insurance Co.’s investment portfolio, making the stock its 12th largest holding. Factory Mutual Insurance Co. owned 0.05% of Procter & Gamble Company (The) worth $119,209,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Fisher Asset Management LLC grew its holdings in Procter & Gamble Company (The) by 1.8% during the first quarter. Fisher Asset Management LLC now owns 8,265,762 shares of the company’s stock worth $742,679,000 after buying an additional 145,481 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Procter & Gamble Company (The) by 0.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,803,068 shares of the company’s stock worth $701,106,000 after buying an additional 69,511 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Procter & Gamble Company (The) by 0.9% during the first quarter. Clearbridge Investments LLC now owns 4,216,380 shares of the company’s stock worth $378,842,000 after buying an additional 36,104 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Procter & Gamble Company (The) by 0.5% during the first quarter. Great West Life Assurance Co. Can now owns 3,000,977 shares of the company’s stock worth $269,426,000 after buying an additional 14,041 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its holdings in Procter & Gamble Company (The) by 10.4% during the first quarter. State of Wisconsin Investment Board now owns 2,727,498 shares of the company’s stock worth $245,066,000 after buying an additional 256,384 shares in the last quarter. Institutional investors and hedge funds own 59.29% of the company’s stock.

Shares of Procter & Gamble Company (PG) traded down 1.584% on Thursday, hitting $92.905. The stock had a trading volume of 3,317,578 shares. The stock has a 50 day moving average of $92.38 and a 200-day moving average of $89.61. The stock has a market cap of $236.91 billion, a PE ratio of 16.611 and a beta of 0.68. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $94.50. Procter & Gamble Company (The) also saw unusually large options trading on Monday. Stock investors bought 9,776 call options on the stock. This is an increase of approximately 179% compared to the typical volume of 3,510 call options.

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 the Thomson Reuters’ 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 company had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. Procter & Gamble Company (The)’s revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current year.

Several equities research analysts recently issued reports on PG shares. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Tuesday, August 1st. Vetr downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target for the company. in a report on Monday, July 3rd. Capital One Financial Corporation downgraded 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. BidaskClub downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $98.00 price target on shares of Procter & Gamble Company (The) in a report on Monday, July 17th. 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 company currently has an average rating of “Hold” and a consensus price target of $90.00.

In other Procter & Gamble Company (The) news, insider Mark F. Biegger sold 2,660 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the sale, the insider now owns 23,133 shares of the company’s stock, valued at $2,129,161.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $956,592.00. The disclosure for this sale can be found here. Insiders sold 45,792 shares of company stock valued at $4,216,070 in the last ninety days. 0.35% of the stock is currently owned by corporate insiders.

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Procter & Gamble Company (The) 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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