Asset Dedication LLC decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,745 shares of the company’s stock after selling 2 shares during the period. Asset Dedication LLC’s holdings in Procter & Gamble Company (The) were worth $837,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rafferty Asset Management LLC acquired a new position in shares of Procter & Gamble Company (The) during the fourth quarter valued at about $456,000. Fiduciary Financial Services of The Southwest Inc. TX raised its position in shares of Procter & Gamble Company (The) by 0.3% in the fourth quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 31,027 shares of the company’s stock valued at $2,609,000 after buying an additional 91 shares during the period. Gyroscope Capital Management Group LLC raised its position in shares of Procter & Gamble Company (The) by 29.8% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 3,534 shares of the company’s stock valued at $297,000 after buying an additional 811 shares during the period. Brown Advisory Inc. raised its position in shares of Procter & Gamble Company (The) by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 1,073,935 shares of the company’s stock valued at $90,297,000 after buying an additional 5,367 shares during the period. Finally, Good Life Advisors LLC acquired a new position in shares of Procter & Gamble Company (The) during the fourth quarter valued at about $720,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Shares of Procter & Gamble Company (PG) traded up 0.43% during trading on Friday, hitting $92.47. The stock had a trading volume of 6,815,008 shares. The stock’s 50 day moving average price is $89.57 and its 200-day moving average price is $89.11. The stock has a market cap of $235.80 billion, a P/E ratio of 16.53 and a beta of 0.68. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.95.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The business had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. During the same period in the previous year, the business posted $0.79 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. Analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were issued a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio is currently 49.37%.

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Several research analysts have issued reports on the company. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Group LLC reiterated a “buy” rating and issued a $92.44 price target (down previously from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday. Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $90.00 price target (up previously from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $100.00 price target (up previously from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.48.

In related news, insider Mark F. Biegger sold 2,660 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $244,826.40. Following the sale, the insider now owns 23,133 shares of the company’s stock, valued at $2,129,161.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Patrice Louvet sold 49,226 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $86.46, for a total transaction of $4,256,079.96. Following the sale, the insider now directly owns 93,656 shares in the company, valued at approximately $8,097,497.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,032 shares of company stock worth $11,130,014. 0.35% of the stock is owned by insiders.

Procter & Gamble Company (The) Company Profile

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.

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

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