Acorn Financial Advisory Services Inc. ADV raised its stake in Procter & Gamble Co (NYSE:PG) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,201 shares of the company’s stock after acquiring an additional 766 shares during the quarter. Procter & Gamble comprises 0.9% of Acorn Financial Advisory Services Inc. ADV’s holdings, making the stock its 21st largest position. Acorn Financial Advisory Services Inc. ADV’s holdings in Procter & Gamble were worth $1,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Allred Capital Management LLC increased its holdings in Procter & Gamble by 0.5% in the 1st quarter. Allred Capital Management LLC now owns 15,959 shares of the company’s stock worth $1,755,000 after purchasing an additional 83 shares in the last quarter. Jolley Asset Management LLC increased its holdings in Procter & Gamble by 4.2% in the 1st quarter. Jolley Asset Management LLC now owns 2,105 shares of the company’s stock worth $232,000 after purchasing an additional 85 shares in the last quarter. First Financial Corp IN increased its holdings in Procter & Gamble by 0.6% in the 1st quarter. First Financial Corp IN now owns 14,418 shares of the company’s stock worth $1,586,000 after purchasing an additional 86 shares in the last quarter. Moseley Investment Management Inc. increased its holdings in Procter & Gamble by 1.1% in the 1st quarter. Moseley Investment Management Inc. now owns 8,074 shares of the company’s stock worth $888,000 after purchasing an additional 86 shares in the last quarter. Finally, FCG Advisors LLC increased its holdings in Procter & Gamble by 2.5% in the 1st quarter. FCG Advisors LLC now owns 3,705 shares of the company’s stock worth $408,000 after purchasing an additional 90 shares in the last quarter. 63.44% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the company. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and lowered their target price for the stock from $130.00 to $128.00 in a report on Monday, March 30th. Deutsche Bank upped their price target on Procter & Gamble from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Bank of America reiterated a “buy” rating and issued a $135.00 price target on shares of Procter & Gamble in a research report on Saturday, April 18th. Citigroup upped their price target on Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Stifel Nicolaus upped their price target on Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Procter & Gamble presently has a consensus rating of “Buy” and a consensus price target of $130.31.

In related news, VP Valarie L. Sheppard sold 25,600 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $119.50, for a total value of $3,059,200.00. Following the transaction, the vice president now directly owns 50,598 shares of the company’s stock, valued at approximately $6,046,461. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Taylor sold 30,000 shares of the business’s stock in a transaction dated 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 a total of 8,963,114 shares of company stock worth $1,067,197,986 over the last ninety days. Insiders own 1.75% of the company’s stock.

NYSE PG traded up $1.01 on Friday, reaching $123.50. The company had a trading volume of 2,232,406 shares, compared to its average volume of 7,848,507. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average is $117.23 and its 200 day moving average is $119.02. Procter & Gamble Co has a 52-week low of $94.34 and a 52-week high of $128.09. The stock has a market capitalization of $304.80 billion, a P/E ratio of 69.56, a P/E/G ratio of 3.27 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.04. The firm 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%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 EPS. On average, research analysts expect that Procter & Gamble Co will post 4.96 EPS for the current year.

Procter & Gamble Company 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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