Sadoff Investment Management LLC increased its position in shares of Procter & Gamble Co. (NYSE:PG) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,604 shares of the company’s stock after buying an additional 4,250 shares during the period. Procter & Gamble Co. accounts for approximately 3.7% of Sadoff Investment Management LLC’s holdings, making the stock its 8th largest position. Sadoff Investment Management LLC’s holdings in Procter & Gamble Co. were worth $30,702,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. TNB Financial raised its position in Procter & Gamble Co. by 9.2% in the second quarter. TNB Financial now owns 107,714 shares of the company’s stock worth $9,120,000 after buying an additional 9,051 shares in the last quarter. Mechanics Bank Trust Department raised its position in Procter & Gamble Co. by 7.7% in the second quarter. Mechanics Bank Trust Department now owns 49,093 shares of the company’s stock worth $4,156,000 after buying an additional 3,500 shares in the last quarter. Acadian Asset Management LLC raised its position in Procter & Gamble Co. by 12.7% in the second quarter. Acadian Asset Management LLC now owns 4,679,269 shares of the company’s stock worth $396,194,000 after buying an additional 528,466 shares in the last quarter. Boston Common Asset Management LLC raised its position in Procter & Gamble Co. by 5.2% in the second quarter. Boston Common Asset Management LLC now owns 74,573 shares of the company’s stock worth $6,314,000 after buying an additional 3,685 shares in the last quarter. Finally, Private Vista LLC raised its position in Procter & Gamble Co. by 0.6% in the second quarter. Private Vista LLC now owns 5,677 shares of the company’s stock worth $487,000 after buying an additional 33 shares in the last quarter. Institutional investors own 58.86% of the company’s stock.

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

Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.03% during midday trading on Wednesday, reaching $88.57. The company’s stock had a trading volume of 17,118,011 shares. The company’s 50-day moving average price is $88.19 and its 200-day moving average price is $84.64. Procter & Gamble Co. has a 12 month low of $73.50 and a 12 month high of $90.33. The company has a market cap of $236.37 billion, a PE ratio of 23.98 and a beta of 0.54.

Procter & Gamble Co. (NYSE:PG) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.05. Procter & Gamble Co. had a net margin of 16.09% and a return on equity of 17.48%. The firm earned $16.10 billion during the quarter, compared to the consensus estimate of $15.83 billion. During the same quarter last year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Procter & Gamble Co. will post $0.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Friday, October 21st will be issued a $0.6695 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Wednesday, October 19th. Procter & Gamble Co.’s payout ratio is 72.63%.

A number of analysts recently commented on PG shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $92.00 price target (up from $85.00) on shares of Procter & Gamble Co. in a research report on Sunday, July 24th. Stifel Nicolaus increased their price target on Procter & Gamble Co. from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, July 22nd. Jefferies Group reaffirmed a “buy” rating and set a $95.00 price target on shares of Procter & Gamble Co. in a research report on Thursday, June 23rd. Vetr raised Procter & Gamble Co. from a “sell” rating to a “buy” rating and set a $89.50 price target for the company in a research report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. set a $99.00 price target on Procter & Gamble Co. and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Eleven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Procter & Gamble Co. presently has an average rating of “Buy” and an average target price of $90.20.

In other Procter & Gamble Co. news, insider Juan Fernando Posada sold 3,501 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $89.50, for a total value of $313,339.50. Following the completion of the sale, the insider now owns 19,953 shares of the company’s stock, valued at $1,785,793.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jon R. Moeller sold 272,591 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $85.94, for a total transaction of $23,426,470.54. Following the completion of the sale, the chief financial officer now directly owns 164,269 shares of the company’s stock, valued at approximately $14,117,277.86. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Procter & Gamble Co. Company Profile

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.

5 Day Chart for NYSE:PG

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