Sky Investment Group LLC cut its position in Procter & Gamble Co. (NYSE:PG) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 72,915 shares of the company’s stock after selling 641 shares during the period. Procter & Gamble Co. makes up 2.9% of Sky Investment Group LLC’s holdings, making the stock its 6th largest position. Sky Investment Group LLC’s holdings in Procter & Gamble Co. were worth $6,174,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Procter & Gamble Co. by 1.8% in the second quarter. Vanguard Group Inc. now owns 167,926,302 shares of the company’s stock worth $14,218,321,000 after buying an additional 3,029,476 shares during the last quarter. State Street Corp boosted its stake in Procter & Gamble Co. by 1.1% in the first quarter. State Street Corp now owns 116,920,706 shares of the company’s stock worth $9,623,755,000 after buying an additional 1,310,690 shares during the last quarter. Capital World Investors boosted its stake in Procter & Gamble Co. by 0.7% in the second quarter. Capital World Investors now owns 53,097,172 shares of the company’s stock worth $4,495,738,000 after buying an additional 376,640 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Procter & Gamble Co. by 5.5% in the second quarter. BlackRock Fund Advisors now owns 37,893,606 shares of the company’s stock worth $3,208,452,000 after buying an additional 1,964,364 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in Procter & Gamble Co. by 1.1% in the second quarter. BlackRock Group LTD now owns 23,158,248 shares of the company’s stock worth $1,960,808,000 after buying an additional 249,455 shares during the last quarter. Institutional investors and hedge funds own 58.80% of the company’s stock.

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

Procter & Gamble Co. (NYSE:PG) traded down 1.29% during midday trading on Friday, hitting $82.00. 14,565,456 shares of the stock traded hands. The stock has a 50-day moving average of $87.22 and a 200 day moving average of $85.23. Procter & Gamble Co. has a 52-week low of $74.01 and a 52-week high of $90.33. The firm has a market cap of $219.43 billion, a PE ratio of 21.87 and a beta of 0.62.

Procter & Gamble Co. (NYSE:PG) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.05. The company earned $16.50 billion during the quarter, compared to analysts’ expectations of $16.49 billion. Procter & Gamble Co. had a net margin of 16.27% and a return on equity of 17.95%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. Equities analysts forecast that Procter & Gamble Co. will post $3.89 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st were given a dividend of $0.6695 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Wednesday, October 19th. Procter & Gamble Co.’s dividend payout ratio is presently 71.66%.

A number of research analysts recently weighed in on PG shares. Vetr upgraded shares of Procter & Gamble Co. from a “hold” rating to a “buy” rating and set a $92.75 price objective on the stock in a research report on Tuesday, October 4th. Argus upgraded shares of Procter & Gamble Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $88.54 to $103.00 in a research report on Wednesday, October 12th. Deutsche Bank AG restated a “buy” rating and set a $95.00 price objective on shares of Procter & Gamble Co. in a research report on Saturday, August 13th. B. Riley restated a “buy” rating and set a $106.00 price objective on shares of Procter & Gamble Co. in a research report on Monday, October 31st. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Co. in a research report on Wednesday, October 26th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Procter & Gamble Co. currently has a consensus rating of “Buy” and an average price target of $91.05.

In other news, insider Jeffrey K. Schomburger sold 2,603 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $87.16, for a total transaction of $226,877.48. Following the completion of the sale, the insider now owns 33,188 shares of the company’s stock, valued at $2,892,666.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ciserani Giovanni sold 20,000 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $88.00, for a total transaction of $1,760,000.00. Following the sale, the insider now directly owns 65,053 shares of the company’s stock, valued at approximately $5,724,664. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

About Procter & Gamble Co.

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.

5 Day Chart for NYSE:PG

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