Gemmer Asset Management LLC raised its stake in shares of Procter & Gamble Co (NYSE:PG) by 9.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,733 shares of the company’s stock after buying an additional 240 shares during the period. Gemmer Asset Management LLC’s holdings in Procter & Gamble were worth $300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SeaBridge Investment Advisors LLC bought a new position in Procter & Gamble in the 4th quarter worth $36,000. Smart Portfolios LLC boosted its holdings in shares of Procter & Gamble by 48.0% during the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after purchasing an additional 146 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at about $62,000. Stevens First Principles Investment Advisors boosted its holdings in shares of Procter & Gamble by 239.8% during the 4th quarter. Stevens First Principles Investment Advisors now owns 683 shares of the company’s stock valued at $63,000 after purchasing an additional 482 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC boosted its holdings in shares of Procter & Gamble by 301.3% during the 2nd quarter. Advocacy Wealth Management Services LLC now owns 602 shares of the company’s stock valued at $66,000 after purchasing an additional 452 shares during the last quarter. Institutional investors and hedge funds own 62.17% of the company’s stock.

A number of research analysts recently commented on PG shares. Wells Fargo & Co set a $27.00 price target on shares of Univar and gave the company a “buy” rating in a report on Monday, April 8th. Scotiabank reissued a “buy” rating on shares of Procter & Gamble in a research report on Friday, July 5th. Goldman Sachs Group raised shares of to a “neutral” rating and reduced their price objective for the stock from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a research report on Thursday, June 27th. UBS Group raised their target price on shares of W. R. Berkley from $53.00 to $56.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Deutz in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $102.32.

In related news, Chairman David S. Taylor sold 23,673 shares of Procter & Gamble stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $105.39, for a total transaction of $2,494,897.47. Following the transaction, the chairman now directly owns 249,761 shares of the company’s stock, valued at $26,322,311.79. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Valarie L. Sheppard sold 26,891 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $106.32, for a total transaction of $2,859,051.12. Following the transaction, the vice president now directly owns 51,323 shares in the company, valued at $5,456,661.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 284,679 shares of company stock worth $30,118,886. 1.84% of the stock is currently owned by corporate insiders.

Shares of PG stock opened at $114.90 on Monday. The stock has a market capitalization of $288.21 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 3.49 and a beta of 0.45. The company’s 50 day simple moving average is $112.25. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39. Procter & Gamble Co has a 52-week low of $78.49 and a 52-week high of $116.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, July 18th. Procter & Gamble’s payout ratio is 70.62%.

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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