Kimelman & Baird LLC continued to hold its position in shares of Procter & Gamble Company (The) (NYSE:PG) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,800 shares of the company’s stock at the close of the 1st quarter. Kimelman & Baird LLC’s holdings in Procter & Gamble Company (The) were worth $2,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Planning Services Ltd. boosted its holdings in shares of Procter & Gamble Company (The) by 79.7% during the 1st quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares during the period. Riggs Asset Managment Co. Inc. raised its stake in Procter & Gamble Company (The) by 11.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after purchasing an additional 170 shares during the last quarter. Edge Wealth Management LLC raised its stake in Procter & Gamble Company (The) by 17.1% during the 1st quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after purchasing an additional 240 shares during the last quarter. Feltz Wealth PLAN Inc. acquired a new position in Procter & Gamble Company (The) during the 1st quarter valued at $184,000. Finally, Security National Bank of SO Dak acquired a new position in Procter & Gamble Company (The) during the 1st quarter valued at $206,000. 59.33% of the stock is owned by institutional investors and hedge funds.

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In other Procter & Gamble Company (The) news, Vice Chairman Jon R. Moeller sold 6,063 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $558,038.52. Following the completion of the transaction, the insider now owns 120,734 shares of the company’s stock, valued at $11,112,357.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,792 shares of company stock valued at $4,216,070. Insiders own 0.35% of the company’s stock.

Procter & Gamble Company (NYSE PG) traded up 0.134% during midday trading on Wednesday, hitting $93.635. 1,700,517 shares of the stock traded hands. The firm’s 50 day moving average is $91.73 and its 200-day moving average is $89.51. The stock has a market capitalization of $238.77 billion, a PE ratio of 16.741 and a beta of 0.68. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $94.19.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were paid a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is 49.37%.

Several equities analysts recently commented on the stock. Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $5.00 to $2.00 in a research note on Thursday, June 22nd. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 target price on shares of Procter & Gamble Company (The) in a research note on Friday, June 30th. Sanford C. Bernstein reiterated an “outperform” rating and set a $100.00 target price (up from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Jefferies Group LLC reiterated a “buy” rating and set a $92.44 target price (down from $103.00) on shares of Procter & Gamble Company (The) in a research note on Thursday, August 17th. Finally, BidaskClub upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. Procter & Gamble Company (The) presently has a consensus rating of “Hold” and an average target price of $88.10.

Procter & Gamble Company (The) 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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