Monte Financial Group LLC cut its stake in shares of Procter & Gamble Co (NYSE:PG) by 22.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,344 shares of the company’s stock after selling 686 shares during the quarter. Monte Financial Group LLC’s holdings in Procter & Gamble were worth $292,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of PG. Phocas Financial Corp. lifted its holdings in shares of Procter & Gamble by 999,937.0% during the second quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock valued at $779,000 after acquiring an additional 71,055,523 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Procter & Gamble by 6,899.0% during the second quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock valued at $2,019,412,000 after acquiring an additional 18,153,758 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble by 1.8% during the second quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock valued at $23,954,054,000 after acquiring an additional 3,786,962 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Procter & Gamble by 49.8% during the second quarter. AQR Capital Management LLC now owns 9,086,135 shares of the company’s stock valued at $996,295,000 after acquiring an additional 3,019,494 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Procter & Gamble by 1.5% during the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after acquiring an additional 2,470,382 shares during the period. 65.45% of the stock is owned by institutional investors.

Shares of Procter & Gamble stock traded down $0.06 during trading on Tuesday, reaching $119.27. The company’s stock had a trading volume of 4,756,375 shares, compared to its average volume of 7,767,040. The stock has a 50-day moving average price of $121.85 and a two-hundred day moving average price of $115.15. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $298.51 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.42. Procter & Gamble Co has a one year low of $86.74 and a one year high of $125.77.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. The firm had revenue of $17.80 billion during the quarter, compared to analyst estimates of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $1.12 earnings per share. As a group, sell-side analysts anticipate that Procter & Gamble Co will post 4.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a $0.7459 dividend. The ex-dividend date is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.50%. Procter & Gamble’s payout ratio is 65.93%.

PG has been the subject of a number of research analyst reports. Macquarie lifted their price target on Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $89.00 price target on shares of Procter & Gamble in a report on Tuesday, July 30th. SunTrust Banks lifted their price target on Procter & Gamble to $120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, UBS Group lifted their price target on Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $116.71.

In related news, VP Valarie L. Sheppard sold 1,259 shares of Procter & Gamble stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $120.36, for a total value of $151,533.24. Following the completion of the sale, the vice president now directly owns 26,094 shares in the company, valued at $3,140,673.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 26,075 shares of Procter & Gamble stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $124.96, for a total value of $3,258,332.00. Following the completion of the sale, the insider now owns 139,066 shares of the company’s stock, valued at $17,377,687.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,645,966 shares of company stock valued at $202,229,770. Corporate insiders own 1.75% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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