Optimal Asset Management Inc. grew its position in Procter & Gamble Co (NYSE:PG) by 57.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,800 shares of the company’s stock after acquiring an additional 5,399 shares during the quarter. Optimal Asset Management Inc.’s holdings in Procter & Gamble were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Blueshift Asset Management LLC bought a new position in Procter & Gamble in the fourth quarter worth about $1,859,000. Bluefin Trading LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $12,002,000. Fundamentun LLC boosted its stake in Procter & Gamble by 43.7% in the 1st quarter. Fundamentun LLC now owns 17,919 shares of the company’s stock worth $1,971,000 after purchasing an additional 5,450 shares during the period. Motco boosted its stake in shares of Procter & Gamble by 6.4% during the 1st quarter. Motco now owns 3,843 shares of the company’s stock worth $422,000 after buying an additional 230 shares during the last quarter. Finally, Ziegler Capital Management LLC acquired a new position in shares of Procter & Gamble during the 1st quarter worth about $6,181,000. 63.44% of the stock is currently owned by institutional investors.

Several research firms have weighed in on PG. Bank of America reissued a “buy” rating and issued a $135.00 price target on shares of Procter & Gamble in a report on Saturday, April 18th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $120.00 target price on shares of Procter & Gamble in a report on Tuesday, April 14th. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and decreased their price target for the company from $130.00 to $128.00 in a research note on Monday, March 30th. Morgan Stanley raised their target price on Procter & Gamble from $125.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Stifel Nicolaus raised their price objective on Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $130.31.

In other news, insider Deborah P. Majoras sold 12,589 shares of Procter & Gamble stock in a transaction on Monday, April 20th. The shares were sold at an average price of $122.68, for a total transaction of $1,544,418.52. Following the transaction, the insider now owns 44,948 shares in the company, valued at approximately $5,514,220.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction on Friday, May 29th. The stock was sold at an average price of $115.47, for a total transaction of $3,464,100.00. The disclosure for this sale can be found here. Insiders have sold 8,963,114 shares of company stock worth $1,067,197,986 over the last three months. Insiders own 1.75% of the company’s stock.

Shares of Procter & Gamble stock traded down $0.95 on Friday, reaching $116.94. The stock had a trading volume of 117,111 shares, compared to its average volume of 7,357,341. Procter & Gamble Co has a 1 year low of $94.34 and a 1 year high of $128.09. The company has a market cap of $288.21 billion, a P/E ratio of 66.60, a price-to-earnings-growth ratio of 3.26 and a beta of 0.42. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $115.87 and its two-hundred day moving average is $119.41.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 17th. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.04. The business had revenue of $17.21 billion for the quarter, compared to the consensus estimate of $17.29 billion. Procter & Gamble had a net margin of 7.09% and a return on equity of 29.15%. Procter & Gamble’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share. On average, equities analysts anticipate that Procter & Gamble Co will post 4.96 EPS for the current fiscal year.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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