Ridgewood Investments LLC raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 21.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,620 shares of the company’s stock after acquiring an additional 647 shares during the quarter. Ridgewood Investments LLC’s holdings in Procter & Gamble Company (The) were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Northwest Wealth Management LLC increased its holdings in shares of Procter & Gamble Company (The) by 0.3% in the second quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock worth $223,000 after purchasing an additional 8 shares during the period. Winfield Associates Inc. increased 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 period. Cascade Investment Advisors Inc. increased its holdings in shares of Procter & Gamble Company (The) by 0.5% in the second quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock worth $296,000 after purchasing an additional 17 shares during the period. RB Capital Management LLC increased its holdings in shares of Procter & Gamble Company (The) by 0.3% in the first quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock worth $655,000 after purchasing an additional 20 shares during the period. Finally, Cottage Street Advisors LLC increased its holdings in shares of Procter & Gamble Company (The) by 0.4% in the first quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock worth $615,000 after purchasing an additional 25 shares during the period. 59.73% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on PG. Jefferies Group LLC reaffirmed a “buy” rating and issued a $92.44 price target (down previously from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. BidaskClub raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Vetr raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $93.02 price target on the stock in a report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $90.00 price target (up previously from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $87.81.

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Shares of Procter & Gamble Company (NYSE PG) opened at $88.43 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble Company has a 1 year low of $81.18 and a 1 year high of $94.67. The stock has a market cap of $226,420.00, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.86 and a beta of 0.66.

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, beating the consensus estimate of $1.07 by $0.02. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.35%. The business had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The company’s revenue was up .8% on a year-over-year basis. equities research analysts anticipate that Procter & Gamble Company will post 4.16 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were issued a dividend of $0.6896 per share. The ex-dividend date was Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.12%. Procter & Gamble Company (The)’s dividend payout ratio is currently 73.80%.

In other news, insider Carolyn M. Tastad sold 5,300 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.18, for a total transaction of $472,654.00. Following the completion of the sale, the insider now directly owns 57,191 shares in the company, valued at $5,100,293.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,694 shares of company stock valued at $2,987,000. 0.35% of the stock is currently owned by company 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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