Old North State Trust LLC boosted its holdings in Procter & Gamble Co (NYSE:PG) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,250 shares of the company’s stock after buying an additional 159 shares during the period. Procter & Gamble makes up about 1.4% of Old North State Trust LLC’s investment portfolio, making the stock its 15th biggest position. Old North State Trust LLC’s holdings in Procter & Gamble were worth $2,182,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New England Investment & Retirement Group Inc. bought a new stake in Procter & Gamble in the first quarter valued at approximately $28,000. Magellan Asset Management Ltd bought a new stake in Procter & Gamble in the first quarter valued at approximately $29,000. Efficient Wealth Management LLC bought a new stake in Procter & Gamble in the first quarter valued at approximately $39,000. grace capital bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $44,000. Finally, Cox Capital Mgt LLC bought a new stake in Procter & Gamble in the first quarter valued at approximately $46,000. Institutional investors and hedge funds own 63.44% of the company’s stock.

In other Procter & Gamble news, CEO R. Alexandra Keith sold 7,360 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $120.00, for a total value of $883,200.00. Following the sale, the chief executive officer now owns 44,746 shares in the company, valued at $5,369,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Valarie L. Sheppard sold 25,600 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the vice president now owns 50,598 shares in the company, valued at approximately $6,046,461. 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 90 days. 1.75% of the stock is owned by company insiders.

Procter & Gamble stock traded up $1.08 during mid-day trading on Friday, reaching $123.57. The company’s stock had a trading volume of 2,163,999 shares, compared to its average volume of 7,848,507. The company has a market capitalization of $304.80 billion, a price-to-earnings ratio of 69.56, a price-to-earnings-growth ratio of 3.27 and a beta of 0.42. Procter & Gamble Co has a 12 month low of $94.34 and a 12 month high of $128.09. The business’s 50 day simple moving average is $117.23 and its 200 day simple moving average is $119.02. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 0.83.

Procter & Gamble (NYSE:PG) last released 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 during 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 firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 earnings per share. As a group, sell-side analysts expect that Procter & Gamble Co will post 4.96 EPS for the current year.

Several equities research analysts have commented on PG shares. Morgan Stanley upped their target price on shares of Procter & Gamble from $125.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Royal Bank of Canada reissued a “hold” rating and set a $120.00 price objective on shares of Procter & Gamble in a research report on Tuesday, April 14th. Deutsche Bank increased their price objective on shares of Procter & Gamble from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Bank of America reissued a “buy” rating and set a $135.00 price objective on shares of Procter & Gamble in a research report on Saturday, April 18th. Finally, Citigroup increased their price objective on shares of Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $130.31.

About Procter & Gamble

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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