New England Asset Management Inc. lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,979 shares of the company’s stock after selling 4,443 shares during the period. Procter & Gamble comprises 0.2% of New England Asset Management Inc.’s portfolio, making the stock its 17th biggest holding. New England Asset Management Inc.’s holdings in Procter & Gamble were worth $5,140,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sciencast Management LP lifted its stake in Procter & Gamble by 407.8% during the second quarter. Sciencast Management LP now owns 11,730 shares of the company’s stock worth $1,022,000 after purchasing an additional 9,420 shares during the period. Westover Capital Advisors LLC lifted its stake in Procter & Gamble by 2.9% during the second quarter. Westover Capital Advisors LLC now owns 22,689 shares of the company’s stock worth $1,977,000 after purchasing an additional 645 shares during the period. Carret Asset Management LLC lifted its stake in Procter & Gamble by 8.3% during the second quarter. Carret Asset Management LLC now owns 72,740 shares of the company’s stock worth $6,339,000 after purchasing an additional 5,600 shares during the period. Green Square Capital LLC lifted its stake in Procter & Gamble by 2.9% during the second quarter. Green Square Capital LLC now owns 76,861 shares of the company’s stock worth $6,698,000 after purchasing an additional 2,132 shares during the period. Finally, First Commonwealth Financial Corp PA lifted its stake in Procter & Gamble by 976.2% during the second quarter. First Commonwealth Financial Corp PA now owns 42,274 shares of the company’s stock worth $3,684,000 after purchasing an additional 38,346 shares during the period. Institutional investors and hedge funds own 59.54% of the company’s stock.

Procter & Gamble Company (NYSE PG) traded down $0.04 during trading hours on Tuesday, hitting $90.19. 2,987,196 shares of the stock were exchanged, compared to its average volume of 7,363,412. Procter & Gamble Company has a 52 week low of $83.24 and a 52 week high of $94.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $229,264.91, a PE ratio of 22.71, a P/E/G ratio of 2.91 and a beta of 0.67.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. Procter & Gamble’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. analysts anticipate that Procter & Gamble Company will post 4.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were issued a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, October 19th. Procter & Gamble’s dividend payout ratio is currently 48.51%.

In related news, insider Juan Fernando Posada sold 4,878 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $89.80, for a total value of $438,044.40. Following the completion of the sale, the insider now owns 25,429 shares of the company’s stock, valued at $2,283,524.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Carolyn M. Tastad sold 5,300 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last three months, insiders sold 21,575 shares of company stock valued at $1,927,095. 0.35% of the stock is currently owned by company insiders.

A number of research analysts have commented on PG shares. Stifel Nicolaus set a $87.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Friday, October 20th. Jefferies Group restated a “buy” rating and set a $104.00 price target on shares of Procter & Gamble in a research note on Tuesday, October 10th. Goldman Sachs Group restated a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, October 4th. Royal Bank of Canada restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, October 23rd. Finally, Bank of America raised their price target on shares of Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. Procter & Gamble currently has an average rating of “Hold” and an average price target of $87.81.

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About Procter & Gamble

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 (NYSE:PG)

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