Oliver Luxxe Assets LLC trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,704 shares of the company’s stock after selling 734 shares during the period. Procter & Gamble comprises 2.9% of Oliver Luxxe Assets LLC’s portfolio, making the stock its 7th largest position. Oliver Luxxe Assets LLC’s holdings in Procter & Gamble were worth $4,613,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after buying an additional 4,066,266 shares during the period. BlackRock Inc. increased its position in shares of Procter & Gamble by 1.4% during the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after buying an additional 2,164,426 shares during the period. Trian Fund Management L.P. increased its position in shares of Procter & Gamble by 2.4% during the second quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after buying an additional 893,157 shares during the period. American Century Companies Inc. increased its position in shares of Procter & Gamble by 8.1% during the second quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock valued at $1,088,573,000 after buying an additional 934,179 shares during the period. Finally, Capital Research Global Investors increased its position in shares of Procter & Gamble by 74.2% during the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after buying an additional 5,278,359 shares during the period. 59.56% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the stock. Jefferies Group reiterated a “buy” rating and set a $99.00 price target on shares of Procter & Gamble in a research report on Monday, December 18th. Vetr upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target on the stock in a research report on Monday, October 23rd. Wells Fargo & Co restated a “hold” rating and issued a $88.00 price objective on shares of Procter & Gamble in a report on Sunday, December 17th. Deutsche Bank assumed coverage on shares of Procter & Gamble in a report on Tuesday, December 19th. They issued a “buy” rating and a $91.88 price objective on the stock. Finally, Bank of America upped their price objective on shares of Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $88.57.

In related news, insider Marylynn Fergusonmchugh sold 4,363 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the transaction, the insider now owns 85,495 shares in the company, valued at $7,438,065. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Carolyn M. Tastad sold 5,300 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.18, for a total transaction of $472,654.00. Following the transaction, the insider now owns 57,191 shares in the company, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,575 shares of company stock worth $1,927,095. Insiders own 0.35% of the company’s stock.

Procter & Gamble Company (NYSE:PG) opened at $92.10 on Thursday. The stock has a market cap of $233,730.00, a P/E ratio of 24.63, a PEG ratio of 2.96 and a beta of 0.67. Procter & Gamble Company has a 52 week low of $83.24 and a 52 week 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.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the 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 was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. research analysts forecast that Procter & Gamble Company will post 4.17 EPS for the current year.

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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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