World Asset Management Inc Lowers Holdings in Procter & Gamble Company (The) (PG)

World Asset Management Inc reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 12.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,593 shares of the company’s stock after selling 33,233 shares during the period. Procter & Gamble Company (The) accounts for approximately 0.7% of World Asset Management Inc’s portfolio, making the stock its 15th largest position. World Asset Management Inc’s holdings in Procter & Gamble Company (The) were worth $20,793,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its stake in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $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 first quarter worth about $184,000. Winfield Associates Inc. raised its stake in Procter & Gamble Company (The) by 0.7% in the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after buying an additional 15 shares in the last quarter. Watermark Asset Management Inc. bought a new position in Procter & Gamble Company (The) in the first quarter worth about $201,000. Finally, Security National Bank of SO Dak bought a new position in Procter & Gamble Company (The) in the first quarter worth about $206,000. Institutional investors own 59.71% of the company’s stock.

In related news, insider Mark F. Biegger sold 2,660 shares of Procter & Gamble Company (The) stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $244,826.40. Following the transaction, the insider now owns 23,133 shares in the company, valued at approximately $2,129,161.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of Procter & Gamble Company (The) stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $558,038.52. Following the transaction, the insider now owns 120,734 shares in the company, valued at approximately $11,112,357.36. The disclosure for this sale can be found here. Insiders have sold a total of 42,499 shares of company stock worth $3,904,610 in the last quarter. Corporate insiders own 0.35% of the company’s stock.

A number of research firms recently issued reports on PG. Vetr downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating and set a $90.38 price target for the company. in a research note on Tuesday. Macquarie initiated coverage on shares of Procter & Gamble Company (The) in a research note on Thursday, September 14th. They set an “outperform” rating and a $102.00 target price for the company. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Morgan Stanley decreased their target price on shares of Procter & Gamble Company (The) from $91.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 24th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $92.44 target price (down previously from $103.00) on shares of Procter & Gamble Company (The) in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $88.69.

Shares of Procter & Gamble Company (NYSE PG) traded up $0.38 during mid-day trading on Friday, reaching $88.16. 7,227,200 shares of the company traded hands, compared to its average volume of 7,454,322. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $222,694.17, a PE ratio of 22.06, a P/E/G ratio of 2.83 and a beta of 0.66.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results 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 business had revenue of $16.65 billion for the quarter, compared to analysts’ expectations 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 revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 EPS. analysts predict that Procter & Gamble Company will post 4.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th will be paid a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Thursday, October 19th. Procter & Gamble Company (The)’s dividend payout ratio is presently 48.51%.

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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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