Spinnaker Trust Purchases 1150 Shares of Procter & Gamble Company (The) (PG)

Henrietta Brewer
October 20, 2017

Windward Capital Management Company acquired 3,603 shares as Procter & Gamble Co (PG)'s stock declined 5.32%. For the past 5 days of trading, the stock has seen a move of 1.43%.

Depending on the earnings numbers reported, The Procter & Gamble Company (NYSE:PG) stock may see increased volatility following the report.

Other large investors have also modified their holdings of the company. Holderness Investments Co. boosted its holdings in Procter & Gamble Company (The) by 78.2% during the 1st quarter.

03/21/2017 - JP Morgan began new coverage on Procter & Gamble Company (The) giving the company a "neutral" rating. New York-based Bnp Paribas Arbitrage has invested 0.57% in Procter & Gamble Co (NYSE:PG). Whittier Trust Co. now owns 287,996 shares of the company's stock valued at $25,099,000 after acquiring an additional 2,113 shares during the period. Watermark Asset Management Inc. bought a new stake in Procter & Gamble Company (The) during the first quarter worth $201,000. Insiders own 0.35% of the company's stock. Procter And Gamble Co now has $235.57B valuation.

Since the beginning of the calendar year, the stock is -16.04%. The stock has a 50-day moving average price of $87.22 and a 200 day moving average price of $85.23. Leisure Cap Mngmt holds 1.59% of its portfolio in Procter & Gamble Co (NYSE:PG) for 20,494 shares.

As of late, investors have been taking a second look at shares of The Procter & Gamble Company (NYSE:PG). The company reported $1.03 EPS for the quarter, beating the Zacks' consensus estimate of $0.98 by $0.05. The rating was upgraded by Stifel Nicolaus to "Buy" on Tuesday, January 19. The company's quarterly revenue was down.1% on a year-over-year basis. Goodman Financial Corp holds 2.87% or 52,411 shares in its portfolio. Investors of record on Friday, October 20th will be issued a $0.6896 dividend. The dividend yield will be $2.96. Keating Counselors has invested 1.8% of its portfolio in Procter & Gamble Co (NYSE:PG). The price index is calculated by dividing the current share price by the share price ten months ago. The stock declined 1.74% or $1.59 reaching $90 on the news.

P&G's first quarter results will be closely scrutinized for signs of improvement or weakness, coming 10 days after the company declared a narrow victory in a proxy contest brought by investor Nelson Peltz. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Given that liquidity is king in short-term, PG is a stock with 2.56 billion shares outstanding that normally trades 1.15% of its float. The disclosure for this sale can be found here. The stock has gained 8.9% year to date through Thursday, while the SPDR Consumer Staple Select Sector ETF has tacked on 4.5% and the Dow Jones Industrial Average has climbed 17.2%.

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Several brokerages recently weighed in on PG. Jefferies Group LLC restated a "buy" rating and issued a $104.00 target price on shares of Procter & Gamble Company (The) in a research note on Tuesday, October 10th. Jefferies maintained the stock with "Buy" rating in Thursday, July 27 report.

01/24/2017 - Procter & Gamble Company (The) had its "buy" rating reiterated by analysts at Citigroup. Vetr raised shares of Procter & Gamble Company (The) from a "sell" rating to a "hold" rating and set a $93.02 target price for the company in a report on Friday, September 15th. Procter & Gamble Co. presently has an average rating of "Buy" and an average price target of $91.05.

Among 18 analysts covering Zendesk (NYSE:ZEN), 16 have Buy rating, 1 Sell and 1 Hold. The stock's current RSI reading is at 42.45.

12/22/2016 - Procter & Gamble Company (The) was downgraded to "hold" by analysts at SunTrust.

Revenue for the world's biggest consumer products company were driven by rising sales of cosmetics, health care goods, and items used in the home.

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