Financial & Investment Management Group Ltd. boosted its position in Procter & Gamble Company (The) (NYSE:PG) by 2.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,228 shares of the company’s stock after buying an additional 212 shares during the period. Financial & Investment Management Group Ltd.’s holdings in Procter & Gamble Company (The) were worth $804,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. RB Capital Management LLC increased its position in Procter & Gamble Company (The) by 0.3% in the 1st quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after buying an additional 20 shares in the last quarter. Cottage Street Advisors LLC increased its position in Procter & Gamble Company (The) by 0.4% in the 1st quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock valued at $615,000 after buying an additional 25 shares in the last quarter. American Economic Planning Group Inc. ADV increased its position in Procter & Gamble Company (The) by 0.3% in the 1st quarter. American Economic Planning Group Inc. ADV now owns 10,827 shares of the company’s stock valued at $973,000 after buying an additional 33 shares in the last quarter. Highwater Wealth Management LLC increased its position in Procter & Gamble Company (The) by 1.2% in the 1st quarter. Highwater Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $293,000 after buying an additional 39 shares in the last quarter. Finally, Harvest Capital Management Inc increased its position in Procter & Gamble Company (The) by 1.1% in the 1st quarter. Harvest Capital Management Inc now owns 4,033 shares of the company’s stock valued at $362,000 after buying an additional 45 shares in the last quarter. 59.30% of the stock is owned by institutional investors and hedge funds.

Shares of Procter & Gamble Company (PG) traded down 0.03% during trading on Wednesday, hitting $91.59. The stock had a trading volume of 3,442,450 shares. The stock has a 50 day moving average of $92.56 and a 200 day moving average of $89.75. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.67. The firm has a market cap of $233.56 billion, a PE ratio of 24.82 and a beta of 0.67.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter last year, the company posted $0.79 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, October 20th will be issued a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.01%. Procter & Gamble Company (The)’s dividend payout ratio is currently 49.37%.

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PG has been the subject of a number of research analyst reports. Zacks Investment Research raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $92.44 target price (down from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday, August 17th. BidaskClub raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Bank of America Corporation boosted their target price on Procter & Gamble Company (The) from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Finally, Capital One Financial Corporation lowered Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $90.00.

In related news, insider Suranjan Magesvaran sold 10,512 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of the firm’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 transaction of $558,038.52. Following the completion of the sale, the insider now owns 120,734 shares in the company, valued at approximately $11,112,357.36. The disclosure for this sale can be found here. Insiders sold 45,792 shares of company stock worth $4,216,070 in the last 90 days. 0.35% of the stock is currently owned by corporate insiders.

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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