Hall Capital Management Co. Inc. raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 2.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 14,497 shares of the company’s stock after acquiring an additional 395 shares during the quarter. Hall Capital Management Co. Inc.’s holdings in Procter & Gamble were worth $2,310,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in PG. Brighton Jones LLC boosted its stake in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. lifted its holdings in shares of Procter & Gamble by 10.6% during the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after buying an additional 277 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Procter & Gamble by 2.9% during the 1st quarter. Wedge Capital Management L L P NC now owns 4,138 shares of the company’s stock valued at $705,000 after buying an additional 116 shares during the period. NewSquare Capital LLC lifted its holdings in shares of Procter & Gamble by 402.6% during the 1st quarter. NewSquare Capital LLC now owns 779 shares of the company’s stock valued at $133,000 after buying an additional 624 shares during the period. Finally, Octavia Wealth Advisors LLC lifted its holdings in shares of Procter & Gamble by 1.1% during the 1st quarter. Octavia Wealth Advisors LLC now owns 60,908 shares of the company’s stock valued at $10,380,000 after buying an additional 667 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.
Procter & Gamble Price Performance
Shares of Procter & Gamble stock opened at $152.60 on Wednesday. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The stock’s fifty day moving average is $155.30 and its 200 day moving average is $159.79. The stock has a market cap of $357.16 billion, a P/E ratio of 23.44, a P/E/G ratio of 4.13 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. UBS Group set a $180.00 price target on Procter & Gamble and gave the company a “buy” rating in a report on Wednesday, July 30th. Berenberg Bank increased their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Procter & Gamble in a report on Saturday, September 27th. BNP Paribas reissued an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Finally, Wells Fargo & Company lowered their price target on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $173.11.
Check Out Our Latest Stock Report on Procter & Gamble
Insider Buying and Selling at Procter & Gamble
In other Procter & Gamble news, CEO Jon R. Moeller sold 11,684 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $1,778,655.32. Following the sale, the chief executive officer directly owned 319,932 shares of the company’s stock, valued at $48,703,248.36. This trade represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 490 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $74,592.70. Following the sale, the insider directly owned 12,616 shares in the company, valued at approximately $1,920,533.68. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is currently owned by corporate insiders.
Procter & Gamble Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG – Free Report).
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