NGAM Advisors L.P. Grows Holdings in Procter & Gamble Company (The) (PG)

NGAM Advisors L.P. grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 842,976 shares of the company’s stock after purchasing an additional 8,633 shares during the period. Procter & Gamble Company (The) accounts for 0.8% of NGAM Advisors L.P.’s portfolio, making the stock its 18th biggest position. NGAM Advisors L.P.’s holdings in Procter & Gamble Company (The) were worth $73,465,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Eastern Bank raised its holdings in shares of Procter & Gamble Company (The) by 4.8% during the second quarter. Eastern Bank now owns 235,223 shares of the company’s stock worth $20,500,000 after purchasing an additional 10,820 shares during the period. Arthur M. Cohen & Associates LLC raised its holdings in shares of Procter & Gamble Company (The) by 18.6% during the second quarter. Arthur M. Cohen & Associates LLC now owns 34,005 shares of the company’s stock worth $3,067,000 after purchasing an additional 5,344 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Procter & Gamble Company (The) by 3.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 75,497 shares of the company’s stock worth $6,580,000 after purchasing an additional 2,348 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Procter & Gamble Company (The) during the second quarter worth $487,000. Finally, Armstrong Henry H Associates Inc. raised its holdings in shares of Procter & Gamble Company (The) by 3.8% during the second quarter. Armstrong Henry H Associates Inc. now owns 459,812 shares of the company’s stock worth $40,073,000 after purchasing an additional 16,731 shares during the period. 59.36% of the stock is currently owned by institutional investors.

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A number of analysts have weighed in on PG shares. Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and set a $98.00 target price on shares of Procter & Gamble Company (The) in a report on Monday, July 17th. BidaskClub raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Bank of America Corporation increased their target price on shares of Procter & Gamble Company (The) from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Finally, Vetr raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $93.02 target price on the stock in a report on Monday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $88.83.

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 company has a market cap of $223.13 billion, a price-to-earnings ratio of 15.64 and a beta of 0.67. The stock’s 50 day moving average is $92.00 and its 200 day moving average is $89.80.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble Company (The) had a return on equity of 20.35% and a net margin of 23.72%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. Equities research 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 dividend of $0.6896 per share. The ex-dividend date is Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 3.15%. Procter & Gamble Company (The)’s dividend payout ratio is currently 48.51%.

In other news, insider Mark F. Biegger sold 2,660 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the transaction, the insider now directly owns 23,133 shares in the company, valued at approximately $2,129,161.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $587,399.28. Following the transaction, the chief executive officer now owns 134,884 shares of the company’s stock, valued at $12,414,723.36. The disclosure for this sale can be found here. Insiders have sold a total of 48,648 shares of company stock valued at $4,481,621 over the last three months. Company insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

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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