Grandfield & Dodd LLC reduced its stake in Procter & Gamble Co. (NYSE:PG) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,820 shares of the company’s stock after selling 1,127 shares during the period. Procter & Gamble Co. accounts for 1.9% of Grandfield & Dodd LLC’s holdings, making the stock its 17th largest position. Grandfield & Dodd LLC’s holdings in Procter & Gamble Co. were worth $14,434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position 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 valued at $14,218,321,000 after buying an additional 3,029,476 shares during the period. State Street Corp raised its position 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 valued at $9,623,755,000 after buying an additional 1,310,690 shares during the period. Capital World Investors raised its position 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 valued at $4,495,738,000 after buying an additional 376,640 shares during the period. BlackRock Fund Advisors raised its position 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 valued at $3,208,452,000 after buying an additional 1,964,364 shares during the period. Finally, BlackRock Group LTD raised its position 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 valued at $1,960,808,000 after buying an additional 249,455 shares during the period. 67.27% of the stock is currently owned by institutional investors and hedge funds.

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

Procter & Gamble Co. (NYSE:PG) traded down 0.449% on Monday, reaching $83.085. 4,591,043 shares of the company’s stock traded hands. Procter & Gamble Co. has a 52-week low of $74.46 and a 52-week high of $90.33. The firm’s 50 day moving average price is $85.71 and its 200 day moving average price is $85.39. The firm has a market capitalization of $222.33 billion, a PE ratio of 22.162 and a beta of 0.62.

Procter & Gamble Co. (NYSE:PG) last posted its earnings results on Tuesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. The business had revenue of $16.50 billion for 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 quarter in the previous year, the firm posted $0.98 earnings per share. On average, analysts predict that Procter & Gamble Co. will post $3.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st were paid a dividend of $0.6695 per share. The ex-dividend date of this dividend was Wednesday, October 19th. This represents a $2.68 annualized dividend and a yield of 3.22%. Procter & Gamble Co.’s dividend payout ratio is 71.66%.

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Several analysts have recently weighed in on PG shares. B. Riley restated a “buy” rating and set a $106.00 target price on shares of Procter & Gamble Co. in a research note on Monday, November 21st. Vetr upgraded Procter & Gamble Co. from a “hold” rating to a “buy” rating and set a $92.75 target price for the company in a research note on Tuesday, October 4th. Argus upgraded Procter & Gamble Co. from a “hold” rating to a “buy” rating and raised their target price for the company from $88.54 to $103.00 in a research note on Wednesday, October 12th. Deutsche Bank AG restated a “buy” rating and set a $95.00 target price on shares of Procter & Gamble Co. in a research note on Saturday, August 13th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a $92.00 target price (up from $90.00) on shares of Procter & Gamble Co. in a research note on Wednesday, October 26th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.55.

In other Procter & Gamble Co. news, insider Price Matthew sold 3,081 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $86.90, for a total transaction of $267,738.90. Following the sale, the insider now directly owns 14,962 shares of the company’s stock, valued at $1,300,197.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Juan Fernando Posada sold 10,000 shares of the company’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $88.58, for a total transaction of $885,800.00. Following the sale, the insider now directly owns 26,452 shares in the company, valued at $2,343,118.16. 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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