Stonebridge Capital Management Inc. cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,349 shares of the company’s stock after selling 50 shares during the quarter. Stonebridge Capital Management Inc.’s holdings in Procter & Gamble Company (The) were worth $2,906,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Riggs Asset Managment Co. Inc. grew its holdings in shares of Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the last quarter. Feltz Wealth PLAN Inc. bought a new position in shares of Procter & Gamble Company (The) in the first quarter worth approximately $184,000. Watermark Asset Management Inc. bought a new position in shares of Procter & Gamble Company (The) in the first quarter worth approximately $201,000. Winfield Associates Inc. grew its holdings in shares of Procter & Gamble Company (The) by 0.7% in the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares during the last quarter. Finally, Security National Bank of SO Dak bought a new position in shares of Procter & Gamble Company (The) in the first quarter worth approximately $206,000. 59.28% of the stock is currently owned by hedge funds and other institutional investors.

PG has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Tuesday, August 1st. Vetr cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 target price on the stock. in a report on Monday, July 3rd. Stifel Nicolaus set a $87.00 target price on shares of Procter & Gamble Company (The) and gave the stock a “hold” rating in a report on Friday. Jefferies Group LLC restated a “buy” rating and issued a $104.00 target price on shares of Procter & Gamble Company (The) in a report on Tuesday, October 10th. Finally, BidaskClub cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. Procter & Gamble Company (The) currently has a consensus rating of “Hold” and a consensus target price of $89.11.

In other news, SVP Valarie L. Sheppard sold 20,175 shares of the stock in a transaction 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 SEC, which is accessible through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. Insiders have sold a total of 48,648 shares of company stock worth $4,481,621 in the last three months. Corporate insiders own 0.35% of the company’s stock.

Shares of Procter & Gamble Company (NYSE PG) opened at 88.25 on Friday. The company has a market cap of $225.04 billion, a PE ratio of 15.78 and a beta of 0.67. The stock’s 50 day moving average is $92.46 and its 200-day moving average is $89.85. Procter & Gamble Company has a one year low of $81.18 and a one year high of $94.67.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The business’s revenue was up .8% compared to the same quarter last year. Equities research analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th will be given a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, October 19th. Procter & Gamble Company (The)’s payout ratio is 48.51%.

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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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