Procter & Gamble Company (The) (PG) Shares Sold by Loeb Partners Corp

Loeb Partners Corp trimmed its stake in Procter & Gamble Company (The) (NYSE:PG) by 8.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,016 shares of the company’s stock after selling 7,040 shares during the quarter. Procter & Gamble Company (The) makes up about 1.9% of Loeb Partners Corp’s portfolio, making the stock its 13th biggest holding. Loeb Partners Corp’s holdings in Procter & Gamble Company (The) were worth $6,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Schnieders Capital Management LLC boosted its stake in Procter & Gamble Company (The) by 1.1% in the 2nd quarter. Schnieders Capital Management LLC now owns 45,839 shares of the company’s stock valued at $3,995,000 after purchasing an additional 510 shares during the period. Texas Capital Bancshares Inc. TX bought a new stake in Procter & Gamble Company (The) in the 2nd quarter valued at $259,000. Taylor Cottrill Erickson & Associates Inc. boosted its stake in Procter & Gamble Company (The) by 0.6% in the 2nd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 47,280 shares of the company’s stock valued at $4,120,000 after purchasing an additional 300 shares during the period. Flossbach Von Storch AG boosted its stake in Procter & Gamble Company (The) by 6.1% in the 2nd quarter. Flossbach Von Storch AG now owns 203,650 shares of the company’s stock valued at $17,748,000 after purchasing an additional 11,650 shares during the period. Finally, Harbour Capital Advisors LLC boosted its stake in Procter & Gamble Company (The) by 8,419.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 494,576 shares of the company’s stock valued at $5,675,000 after purchasing an additional 488,771 shares during the period. Hedge funds and other institutional investors own 59.36% of the company’s stock.

In other news, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble Company (The) stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $92.98, for a total value of $265,550.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of Procter & Gamble Company (The) stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,648 shares of company stock valued at $4,481,621. Corporate insiders own 0.35% of the company’s stock.

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Procter & Gamble Company (NYSE PG) traded down 0.53% on Friday, hitting $87.04. The stock had a trading volume of 7,433,806 shares. The firm has a market cap of $221.95 billion, a price-to-earnings ratio of 15.56 and a beta of 0.67. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.67. The company’s 50 day moving average price is $92.00 and its 200 day moving average price is $89.80.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.35%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. Analysts expect that Procter & Gamble Company will post $4.17 EPS for the current year.

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.17%. Procter & Gamble Company (The)’s dividend payout ratio is currently 48.51%.

PG has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a report on Friday, June 30th. Vetr cut Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target for the company. in a report on Monday, July 3rd. Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. BidaskClub lowered Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “buy” rating and set a $98.00 price objective on shares of Procter & Gamble Company (The) in a research report on Monday, July 17th. Two equities 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) has a consensus rating of “Hold” and a consensus target price of $88.83.

Procter & Gamble Company (The) Company 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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