Aspen Investment Management Inc reduced its position in shares of Procter & Gamble Co (NYSE:PG) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,285 shares of the company’s stock after selling 150 shares during the period. Aspen Investment Management Inc’s holdings in Procter & Gamble Co were worth $613,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sterling Global Strategies LLC increased its position in shares of Procter & Gamble Co by 0.4% in the fourth quarter. Sterling Global Strategies LLC now owns 11,266 shares of the company’s stock valued at $947,000 after buying an additional 47 shares in the last quarter. Loudon Investment Management LLC increased its position in shares of Procter & Gamble Co by 1.9% in the fourth quarter. Loudon Investment Management LLC now owns 2,515 shares of the company’s stock valued at $211,000 after buying an additional 48 shares during the period. Hancock Holding Co. increased its position in shares of Procter & Gamble Co by 0.6% in the third quarter. Hancock Holding Co. now owns 10,242 shares of the company’s stock valued at $919,000 after buying an additional 66 shares during the period. Arbor Investment Advisors LLC increased its position in shares of Procter & Gamble Co by 3.1% in the third quarter. Arbor Investment Advisors LLC now owns 2,786 shares of the company’s stock valued at $250,000 after buying an additional 85 shares during the period. Finally, Leisure Capital Management increased its position in shares of Procter & Gamble Co by 0.4% in the third quarter. Leisure Capital Management now owns 20,610 shares of the company’s stock valued at $1,850,000 after buying an additional 87 shares during the period. Institutional investors own 68.33% of the company’s stock.

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

Procter & Gamble Co (NYSE:PG) traded up 0.36% during midday trading on Friday, reaching $86.18. 2,070,514 shares of the company’s stock traded hands. Procter & Gamble Co has a 52-week low of $79.79 and a 52-week high of $92.00. The firm’s 50-day moving average is $88.23 and its 200 day moving average is $87.14. The firm has a market cap of $220.42 billion, a PE ratio of 15.84 and a beta of 0.64. Procter & Gamble Co also saw unusually large options trading activity on Wednesday. Traders bought 10,086 put options on the stock. This is an increase of approximately 1,022% compared to the average volume of 899 put options.

Procter & Gamble Co (NYSE:PG) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.02. Procter & Gamble Co had a net margin of 23.44% and a return on equity of 18.58%. The company had revenue of $15.61 billion for the quarter, compared to the consensus estimate of $15.70 billion. During the same quarter last year, the firm posted $0.86 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. Equities research analysts expect that Procter & Gamble Co will post $3.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were issued a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 3.21%. This is a boost from Procter & Gamble Co’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Wednesday, April 19th. Procter & Gamble Co’s dividend payout ratio is presently 48.73%.

TRADEMARK VIOLATION WARNING: This news story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/05/19/aspen-investment-management-inc-sells-150-shares-of-procter-gamble-co-pg-updated.html.

Several research analysts have recently issued reports on PG shares. Vetr upgraded shares of Procter & Gamble Co from a “hold” rating to a “buy” rating and set a $94.67 price target for the company in a report on Wednesday, April 26th. Zacks Investment Research cut shares of Procter & Gamble Co from a “hold” rating to a “sell” rating in a research note on Thursday, March 23rd. Evercore ISI reissued an “underweight” rating on shares of Procter & Gamble Co in a research note on Monday, February 27th. JPMorgan Chase & Co. began coverage on shares of Procter & Gamble Co in a research note on Tuesday, March 21st. They issued a “neutral” rating and a $98.00 price objective on the stock. Finally, Jefferies Group LLC set a $99.00 price objective on shares of Procter & Gamble Co and gave the stock a “buy” rating in a research note on Monday, January 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $92.34.

In other Procter & Gamble Co news, insider Patrice Louvet sold 62,350 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $86.27, for a total transaction of $5,378,934.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Charles E. Pierce sold 55,909 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $91.70, for a total transaction of $5,126,855.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 191,259 shares of company stock worth $17,159,139. 0.35% of the stock is owned by company insiders.

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

Receive News & Stock Ratings for Procter & Gamble Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Co and related stocks with our FREE daily email newsletter.