New Capital Management LP continued to hold its position in Procter & Gamble Company (The) (NYSE:PG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,503 shares of the company’s stock at the end of the 1st quarter. Procter & Gamble Company (The) comprises 0.4% of New Capital Management LP’s investment portfolio, making the stock its 27th biggest holding. New Capital Management LP’s holdings in Procter & Gamble Company (The) were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. increased its stake in 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 valued at $107,000 after buying an additional 526 shares during the period. Riggs Asset Managment Co. Inc. increased 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 buying an additional 170 shares during the period. Edge Wealth Management LLC increased 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 buying an additional 240 shares during the period. Feltz Wealth PLAN Inc. acquired a new position in Procter & Gamble Company (The) during the 1st quarter valued at about $184,000. Finally, Security National Bank of SO Dak acquired a new position in Procter & Gamble Company (The) during the 1st quarter valued at about $206,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

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In other Procter & Gamble Company (The) news, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of the company’s stock in a transaction that occurred 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 directly owns 120,734 shares of the company’s stock, valued at approximately $11,112,357.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,792 shares of company stock valued at $4,216,070. Insiders own 0.35% of the company’s stock.

Several equities analysts have commented on PG shares. Vetr raised shares of Procter & Gamble Company (The) from a “buy” rating to a “strong-buy” rating and set a $96.50 target price on the stock in a research note on Thursday, May 18th. Jefferies Group LLC reissued a “buy” rating and set a $98.00 target price on shares of Procter & Gamble Company (The) in a research note on Monday, July 17th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research note on Saturday, July 22nd. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Finally, BidaskClub cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $88.10.

Shares of Procter & Gamble Company (NYSE:PG) traded up 0.15% during trading on Wednesday, reaching $93.65. 1,698,254 shares of the company traded hands. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $94.19. The stock’s 50 day moving average price is $91.73 and its 200-day moving average price is $89.50. The stock has a market cap of $238.81 billion, a P/E ratio of 16.74 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $16.01 billion. During the same quarter in the prior year, the firm posted $0.79 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, equities research analysts expect that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

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

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.

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

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