Northwestern Mutual Wealth Management Co. Sells 75,402 Shares of Procter & Gamble Co (PG)

Northwestern Mutual Wealth Management Co. decreased its position in shares of Procter & Gamble Co (NYSE:PG) by 16.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 381,203 shares of the company’s stock after selling 75,402 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Procter & Gamble were worth $29,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC boosted its position in Procter & Gamble by 209.4% during the second quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock valued at $105,000 after purchasing an additional 913 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in Procter & Gamble by 5.0% during the second quarter. Ontario Teachers Pension Plan Board now owns 468,393 shares of the company’s stock valued at $36,563,000 after purchasing an additional 22,278 shares in the last quarter. ING Groep NV boosted its position in Procter & Gamble by 21.2% during the second quarter. ING Groep NV now owns 667,479 shares of the company’s stock valued at $52,103,000 after purchasing an additional 116,804 shares in the last quarter. Lowe Brockenbrough & Co. Inc. boosted its position in Procter & Gamble by 21.5% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 57,867 shares of the company’s stock valued at $4,517,000 after purchasing an additional 10,258 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in Procter & Gamble by 37.0% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,262,114 shares of the company’s stock valued at $98,521,000 after purchasing an additional 341,023 shares in the last quarter. 58.78% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO David S. Taylor sold 63,113 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $91.68, for a total value of $5,786,199.84. Following the completion of the transaction, the chief executive officer now directly owns 226,393 shares in the company, valued at $20,755,710.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Carolyn M. Tastad sold 19,791 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $92.71, for a total value of $1,834,823.61. Following the completion of the transaction, the insider now owns 60,575 shares of the company’s stock, valued at $5,615,908.25. The disclosure for this sale can be found here. In the last three months, insiders sold 502,927 shares of company stock valued at $46,437,282. Corporate insiders own 1.84% of the company’s stock.

PG has been the topic of a number of recent research reports. Berenberg Bank set a $78.00 price objective on Procter & Gamble and gave the company a “sell” rating in a research report on Monday, October 22nd. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and set a $100.00 price objective on the stock in a research report on Friday, October 19th. Societe Generale set a $87.00 price objective on Procter & Gamble and gave the company a “hold” rating in a research report on Tuesday, October 23rd. Bank of America raised their price objective on Procter & Gamble from $92.00 to $95.00 and gave the company a “neutral” rating in a research report on Tuesday, November 6th. Finally, Atlantic Securities initiated coverage on Procter & Gamble in a research report on Thursday, September 20th. They set an “overweight” rating and a $94.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Procter & Gamble presently has a consensus rating of “Hold” and a consensus price target of $88.38.

Shares of NYSE PG opened at $93.31 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62. The stock has a market capitalization of $235.23 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 3.06 and a beta of 0.37. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $94.86.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.03. The business had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. On average, equities analysts anticipate that Procter & Gamble Co will post 4.41 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Friday, October 19th were issued a $0.7172 dividend. This represents a $2.87 annualized dividend and a yield of 3.07%. The ex-dividend date was Thursday, October 18th. Procter & Gamble’s dividend payout ratio is presently 68.01%.

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Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: What is an SEC Filing?

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

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