Newman Dignan & Sheerar Inc. Has $2.85 Million Stake in Procter & Gamble Co (NYSE:PG)

Newman Dignan & Sheerar Inc. lowered its position in shares of Procter & Gamble Co (NYSE:PG) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,778 shares of the company’s stock after selling 113 shares during the period. Procter & Gamble accounts for approximately 0.3% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 24th biggest holding. Newman Dignan & Sheerar Inc.’s holdings in Procter & Gamble were worth $2,845,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arjuna Capital boosted its stake in shares of Procter & Gamble by 2.2% in the 2nd quarter. Arjuna Capital now owns 30,138 shares of the company’s stock valued at $3,305,000 after purchasing an additional 649 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Procter & Gamble by 6.9% during the 2nd quarter. Schroder Investment Management Group now owns 3,823,838 shares of the company’s stock worth $419,263,000 after buying an additional 246,678 shares during the period. Bernardo Wealth Planning LLC grew its position in shares of Procter & Gamble by 5.2% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 6,331 shares of the company’s stock worth $694,000 after buying an additional 314 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Procter & Gamble by 6.6% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 8,930 shares of the company’s stock valued at $979,000 after acquiring an additional 550 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC increased its stake in shares of Procter & Gamble by 201.4% in the 2nd quarter. Gladstone Institutional Advisory LLC now owns 7,230 shares of the company’s stock valued at $793,000 after acquiring an additional 4,831 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

In other Procter & Gamble news, VP Valarie L. Sheppard sold 26,297 shares of Procter & Gamble stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $124.07, for a total value of $3,262,668.79. Following the completion of the sale, the vice president now owns 51,694 shares in the company, valued at approximately $6,413,674.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 1,729 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $122.00, for a total transaction of $210,938.00. Following the completion of the sale, the chief executive officer now directly owns 6,856 shares of the company’s stock, valued at approximately $836,432. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,288,513 shares of company stock valued at $159,734,252. Corporate insiders own 1.75% of the company’s stock.

Several brokerages recently commented on PG. Wells Fargo & Co raised their price objective on Procter & Gamble from $135.00 to $136.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group lifted their target price on Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. ValuEngine cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price target on Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $136.00 price target on shares of Procter & Gamble in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $119.07.

NYSE PG opened at $125.96 on Thursday. The company has a market cap of $310.95 billion, a PE ratio of 27.87, a PEG ratio of 3.38 and a beta of 0.40. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. Procter & Gamble Co has a 12 month low of $89.08 and a 12 month high of $126.60. The stock has a 50 day moving average of $124.20 and a 200-day moving average of $120.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.13. The business had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $1.12 earnings per share. As a group, sell-side analysts predict that Procter & Gamble Co will post 4.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, January 23rd. Procter & Gamble’s payout ratio is 65.93%.

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.

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

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