Douglass Winthrop Advisors LLC trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,117 shares of the company’s stock after selling 5,304 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Procter & Gamble were worth $10,730,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of PG. Asset Planning Services Ltd. boosted its position in shares of Procter & Gamble by 0.4% during the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after buying an additional 5 shares during the period. Northwest Wealth Management LLC boosted its position in shares of Procter & Gamble by 0.3% during the second quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock valued at $223,000 after buying an additional 8 shares during the period. Winfield Associates Inc. boosted its position in shares of Procter & Gamble by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after buying an additional 15 shares during the period. Cascade Investment Advisors Inc. boosted its position in shares of Procter & Gamble by 0.5% during the second quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock valued at $296,000 after buying an additional 17 shares during the period. Finally, RB Capital Management LLC boosted its position in shares of Procter & Gamble by 0.3% during the first quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after buying an additional 20 shares during the period. 59.54% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on PG shares. Jefferies Group reaffirmed a “buy” rating and set a $104.00 price target (up from $103.00) on shares of Procter & Gamble in a research report on Wednesday, September 20th. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Vetr downgraded Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price target on the stock. in a research report on Tuesday, November 7th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Procter & Gamble in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $87.81.
Procter & Gamble Company (PG) traded up $1.05 during trading hours on Tuesday, reaching $91.41. 9,003,700 shares of the company’s stock traded hands, compared to its average volume of 7,377,933. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble Company has a one year low of $82.48 and a one year high of $94.67. The stock has a market capitalization of $229,239.53, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 2.91 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The business 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 company posted $1.03 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. research analysts predict that Procter & Gamble Company will post 4.17 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were given a dividend of $0.6896 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.02%. Procter & Gamble’s dividend payout ratio (DPR) is presently 48.51%.
In other Procter & Gamble news, insider R. Alexandra Keith sold 1,298 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $92.98, for a total transaction of $265,550.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,575 shares of company stock valued at $1,927,095. Insiders own 0.35% of the company’s stock.
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About Procter & Gamble
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.
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