Pegasus Partners Ltd. Decreases Position in Procter & Gamble Co (PG)

Pegasus Partners Ltd. decreased its position in shares of Procter & Gamble Co (NYSE:PG) by 24.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,515 shares of the company’s stock after selling 2,452 shares during the period. Pegasus Partners Ltd.’s holdings in Procter & Gamble were worth $587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IHT Wealth Management LLC increased its holdings in Procter & Gamble by 6.1% during the 1st quarter. IHT Wealth Management LLC now owns 16,982 shares of the company’s stock worth $1,314,000 after purchasing an additional 981 shares during the period. Garland Capital Management Inc. increased its holdings in Procter & Gamble by 1.3% during the 2nd quarter. Garland Capital Management Inc. now owns 57,592 shares of the company’s stock worth $4,495,000 after purchasing an additional 730 shares during the period. Park National Corp OH increased its holdings in Procter & Gamble by 4.1% during the 2nd quarter. Park National Corp OH now owns 434,144 shares of the company’s stock worth $33,889,000 after purchasing an additional 16,931 shares during the period. TNB Financial increased its holdings in Procter & Gamble by 4.6% during the 2nd quarter. TNB Financial now owns 138,374 shares of the company’s stock worth $10,802,000 after purchasing an additional 6,038 shares during the period. Finally, Guggenheim Capital LLC increased its holdings in Procter & Gamble by 6.6% during the 1st quarter. Guggenheim Capital LLC now owns 1,345,045 shares of the company’s stock worth $106,634,000 after purchasing an additional 83,772 shares during the period. 58.36% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on PG. Atlantic Securities began coverage on Procter & Gamble in a report on Thursday, September 20th. They set an “overweight” rating and a $94.00 price target on the stock. Wells Fargo & Co restated a “hold” rating and set a $78.00 price target on shares of Procter & Gamble in a report on Thursday, August 16th. ValuEngine upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Deutsche Bank upped their price target on Procter & Gamble from $84.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. Finally, Bank of America upped their price target on Procter & Gamble from $82.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $84.53.

PG opened at $82.15 on Monday. Procter & Gamble Co has a one year low of $70.73 and a one year high of $93.51. The stock has a market capitalization of $209.82 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 2.68 and a beta of 0.59. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The business had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.52 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts expect that Procter & Gamble Co will post 4.42 earnings per share for the current year.

In related news, Vice Chairman Jon R. Moeller sold 2,873 shares of the company’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $81.35, for a total value of $233,718.55. Following the completion of the sale, the insider now directly owns 113,638 shares of the company’s stock, valued at approximately $9,244,451.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kathleen B. Fish sold 10,342 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $83.20, for a total value of $860,454.40. Following the completion of the sale, the insider now directly owns 16,382 shares of the company’s stock, valued at $1,362,982.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,186 shares of company stock worth $12,080,849. Company insiders own 1.84% of the company’s stock.

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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