Flossbach Von Storch AG Boosts Holdings in Procter & Gamble Company (The) (PG)

Flossbach Von Storch AG increased its position in Procter & Gamble Company (The) (NYSE:PG) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203,650 shares of the company’s stock after acquiring an additional 11,650 shares during the period. Flossbach Von Storch AG’s holdings in Procter & Gamble Company (The) were worth $17,748,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. grew its position in Procter & Gamble Company (The) by 79.7% in the 1st quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after buying an additional 526 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its position in Procter & Gamble Company (The) by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after buying an additional 170 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new position in Procter & Gamble Company (The) in the 1st quarter valued at about $184,000. Watermark Asset Management Inc. bought a new position in Procter & Gamble Company (The) in the 1st quarter valued at about $201,000. Finally, Security National Bank of SO Dak bought a new position in Procter & Gamble Company (The) in the 1st quarter valued at about $206,000. 59.36% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO David S. Taylor sold 6,382 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $587,399.28. Following the sale, the chief executive officer now directly owns 134,884 shares of the company’s stock, valued at approximately $12,414,723.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,648 shares of company stock worth $4,481,621. Insiders own 0.35% of the company’s stock.

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PG has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $87.00 target price on shares of Procter & Gamble Company (The) and gave the company a “hold” rating in a research report on Friday, October 20th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Procter & Gamble Company (The) in a research report on Wednesday, October 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $104.00 target price on shares of Procter & Gamble Company (The) in a report on Tuesday, October 10th. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. Procter & Gamble Company (The) presently has an average rating of “Hold” and an average target price of $88.83.

Shares of Procter & Gamble Company (NYSE PG) opened at 87.50 on Friday. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.67. The firm has a market cap of $223.13 billion, a P/E ratio of 15.64 and a beta of 0.67. The stock has a 50 day moving average of $92.00 and a 200 day moving average of $89.80.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Procter & Gamble Company (The) had a return on equity of 20.35% and a net margin of 23.72%. The firm had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. During the same period in the prior year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. Equities analysts forecast that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be issued a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, October 19th. Procter & Gamble Company (The)’s dividend payout ratio is 48.51%.

Procter & Gamble Company (The) Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

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