Black Diamond Financial LLC Cuts Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Black Diamond Financial LLC lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 34.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,064 shares of the company's stock after selling 2,097 shares during the period. Black Diamond Financial LLC's holdings in Procter & Gamble were worth $693,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. Navalign LLC lifted its stake in Procter & Gamble by 0.7% in the first quarter. Navalign LLC now owns 10,678 shares of the company's stock worth $1,820,000 after purchasing an additional 72 shares during the last quarter. Garrett Wealth Advisory Group LLC grew its holdings in shares of Procter & Gamble by 5.5% during the first quarter. Garrett Wealth Advisory Group LLC now owns 5,707 shares of the company's stock valued at $973,000 after buying an additional 299 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in shares of Procter & Gamble by 94.2% during the first quarter. China Universal Asset Management Co. Ltd. now owns 30,131 shares of the company's stock valued at $5,135,000 after buying an additional 14,615 shares during the last quarter. Alpha Cubed Investments LLC lifted its position in Procter & Gamble by 16.8% during the first quarter. Alpha Cubed Investments LLC now owns 11,279 shares of the company's stock valued at $1,922,000 after purchasing an additional 1,623 shares during the period. Finally, Horst & Graben Wealth Management LLC raised its position in shares of Procter & Gamble by 0.9% in the first quarter. Horst & Graben Wealth Management LLC now owns 15,933 shares of the company's stock worth $2,715,000 after acquiring an additional 137 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.2%

PG stock opened at $160.46 on Tuesday. The stock has a fifty day moving average of $162.07 and a 200-day moving average of $165.20. The company has a market capitalization of $376.21 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 4.58 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company's revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 EPS. As a group, equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on PG. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Citigroup dropped their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $178.45.

Insider Buying and Selling

In other news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer owned 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider directly owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.