Holderness Investments Co. boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 78.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,467 shares of the company’s stock after buying an additional 9,419 shares during the period. Procter & Gamble Company (The) accounts for about 1.0% of Holderness Investments Co.’s investment portfolio, making the stock its 28th biggest holding. Holderness Investments Co.’s holdings in Procter & Gamble Company (The) were worth $1,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Integrated Investment Consultants LLC lifted its holdings in shares of Procter & Gamble Company (The) by 1.1% during the 1st quarter. Integrated Investment Consultants LLC now owns 14,017 shares of the company’s stock valued at $1,259,000 after purchasing an additional 150 shares during the last quarter. Hefty Wealth Partners lifted its holdings in shares of Procter & Gamble Company (The) by 1,730.0% during the 1st quarter. Hefty Wealth Partners now owns 11,730 shares of the company’s stock valued at $1,053,000 after purchasing an additional 11,089 shares during the last quarter. Gradient Investments LLC lifted its holdings in shares of Procter & Gamble Company (The) by 16.7% during the 1st quarter. Gradient Investments LLC now owns 69,541 shares of the company’s stock valued at $6,248,000 after purchasing an additional 9,966 shares during the last quarter. Korea Investment CORP lifted its holdings in shares of Procter & Gamble Company (The) by 9.2% during the 1st quarter. Korea Investment CORP now owns 2,229,376 shares of the company’s stock valued at $200,309,000 after purchasing an additional 187,892 shares during the last quarter. Finally, Personal Capital Advisors Corp lifted its holdings in shares of Procter & Gamble Company (The) by 11.8% during the 1st quarter. Personal Capital Advisors Corp now owns 312,192 shares of the company’s stock valued at $28,285,000 after purchasing an additional 33,059 shares during the last quarter. Institutional investors own 59.33% of the company’s stock.

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Several analysts have recently commented on PG shares. Vetr upgraded Procter & Gamble Company (The) from a “buy” rating to a “strong-buy” rating and set a $96.50 price objective for the company in a report on Thursday, May 18th. Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Deutsche Bank AG reiterated a “hold” rating and set a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $90.00 price objective (up previously from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Procter & Gamble Company (The) currently has a consensus rating of “Hold” and a consensus target price of $87.48.

Shares of Procter & Gamble Company (NYSE:PG) traded up 0.28% during midday trading on Monday, reaching $92.53. The company’s stock had a trading volume of 4,960,653 shares. The company has a 50 day moving average of $90.95 and a 200-day moving average of $89.44. The stock has a market capitalization of $235.95 billion, a price-to-earnings ratio of 16.54 and a beta of 0.68. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $92.96.

Procter & Gamble Company (The) (NYSE:PG) last announced its earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $16.01 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. Equities research analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current year.

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

In other news, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suranjan Magesvaran sold 10,512 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. Insiders sold 45,792 shares of company stock valued at $4,216,070 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

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.

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

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