Cypress Capital Group lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,171 shares of the company’s stock after selling 3,021 shares during the quarter. Cypress Capital Group’s holdings in Procter & Gamble Company (The) were worth $3,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in PG. Karp Capital Management Corp acquired a new stake in shares of Procter & Gamble Company (The) during the first quarter worth approximately $126,275,000. Hermes Investment Management Ltd. grew its position in shares of Procter & Gamble Company (The) by 2,810.3% during the first quarter. Hermes Investment Management Ltd. now owns 738,390 shares of the company’s stock worth $66,344,000 after buying an additional 713,018 shares in the last quarter. British Airways Pensions Investment Management Ltd acquired a new stake in shares of Procter & Gamble Company (The) during the first quarter worth approximately $52,682,000. Nuance Investments LLC acquired a new stake in shares of Procter & Gamble Company (The) during the first quarter worth approximately $42,694,000. Finally, WINTON GROUP Ltd grew its position in shares of Procter & Gamble Company (The) by 9,226.9% during the first quarter. WINTON GROUP Ltd now owns 325,694 shares of the company’s stock worth $29,231,000 after buying an additional 322,202 shares in the last quarter. 59.33% of the stock is owned by institutional investors and hedge funds.

In other Procter & Gamble Company (The) news, Vice Chairman Jon R. Moeller sold 6,063 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $558,038.52. Following the transaction, the insider now owns 120,734 shares of the company’s stock, valued at $11,112,357.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $587,399.28. Following the completion of the transaction, the chief executive officer now directly owns 134,884 shares in the company, valued at approximately $12,414,723.36. The disclosure for this sale can be found here. Insiders sold 45,792 shares of company stock worth $4,216,070 over the last quarter. Company insiders own 0.35% of the company’s stock.

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Procter & Gamble Company (NYSE PG) traded down 0.14% during midday trading on Friday, reaching $92.84. The company’s stock had a trading volume of 6,070,073 shares. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $93.36. The firm has a 50 day moving average price of $91.57 and a 200 day moving average price of $89.51. The firm has a market capitalization of $236.74 billion, a PE ratio of 16.60 and a beta of 0.68.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were given a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 49.37%.

A number of analysts have recently weighed in on the stock. Jefferies Group LLC reissued a “buy” rating and set a $103.00 price target on shares of Procter & Gamble Company (The) in a research report on Thursday. Royal Bank Of Canada restated an “outperform” rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a research note on Wednesday. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research cut Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $100.00 price objective (up from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued 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 $88.10.

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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