CAPROCK Group Inc. cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 10.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,143 shares of the company’s stock after selling 6,479 shares during the quarter. Procter & Gamble accounts for about 1.1% of CAPROCK Group Inc.’s investment portfolio, making the stock its 14th largest holding. CAPROCK Group Inc.’s holdings in Procter & Gamble were worth $5,108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. Asset Planning Services Ltd. lifted its holdings in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after buying an additional 5 shares during the last quarter. Northwest Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 0.3% during the 2nd quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock valued at $223,000 after buying an additional 8 shares during the last quarter. Winfield Associates Inc. lifted its holdings in shares of Procter & Gamble by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after buying an additional 15 shares during the last quarter. Cascade Investment Advisors Inc. lifted its holdings in shares of Procter & Gamble by 0.5% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock valued at $296,000 after buying an additional 17 shares during the last quarter. Finally, RB Capital Management LLC lifted its holdings in shares of Procter & Gamble by 0.3% during the 1st quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 59.42% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Deutsche Bank assumed coverage on Procter & Gamble in a report on Tuesday, December 19th. They set a “buy” rating and a $91.88 price target for the company. Jefferies Group restated a “buy” rating and issued a $99.00 target price on shares of Procter & Gamble in a report on Monday, December 18th. Wells Fargo & Co restated a “hold” rating and issued a $88.00 target price on shares of Procter & Gamble in a report on Sunday, December 17th. Vetr lowered Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 target price for the company. in a report on Tuesday, November 7th. Finally, Morgan Stanley reduced their target price on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $88.57.

Shares of Procter & Gamble Company (PG) opened at $92.13 on Tuesday. Procter & Gamble Company has a 1-year low of $83.24 and a 1-year high of $94.67. 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 firm has a market capitalization of $233,730.00, a P/E ratio of 24.63, a P/E/G ratio of 2.95 and a beta of 0.67.

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

In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ioannis Skoufalos sold 2,880 shares of Procter & Gamble stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $88.75, for a total value of $255,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,575 shares of company stock worth $1,927,095. Company insiders own 0.35% of the company’s stock.

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Procter & Gamble 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 (NYSE:PG)

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