Cedar Brook Financial Partners LLC trimmed its position in Procter & Gamble Co (NYSE:PG) by 48.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,157 shares of the company’s stock after selling 8,611 shares during the quarter. Cedar Brook Financial Partners LLC’s holdings in Procter & Gamble were worth $1,007,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Procter & Gamble by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 41,396,782 shares of the company’s stock valued at $5,161,642,000 after purchasing an additional 1,216,202 shares during the last quarter. Norges Bank acquired a new position in Procter & Gamble in the fourth quarter valued at about $3,338,757,000. Bank of New York Mellon Corp boosted its stake in Procter & Gamble by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 25,032,488 shares of the company’s stock worth $2,753,574,000 after buying an additional 600,867 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Procter & Gamble by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,341,606 shares of the company’s stock valued at $1,916,167,000 after acquiring an additional 305,661 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Procter & Gamble by 6.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,083,885 shares of the company’s stock valued at $1,219,227,000 after acquiring an additional 666,406 shares during the last quarter. 64.03% of the stock is owned by institutional investors and hedge funds.

In other Procter & Gamble news, CEO R. Alexandra Keith sold 7,360 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $120.00, for a total value of $883,200.00. Following the sale, the chief executive officer now owns 44,746 shares of the company’s stock, valued at approximately $5,369,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Deborah P. Majoras sold 12,589 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $122.68, for a total value of $1,544,418.52. Following the transaction, the insider now owns 44,948 shares in the company, valued at approximately $5,514,220.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,802,488 shares of company stock valued at $1,048,532,939. 1.75% of the stock is owned by insiders.

A number of equities analysts recently weighed in on PG shares. TheStreet raised shares of Procter & Gamble from a “c+” rating to a “b” rating in a research report on Tuesday, April 14th. Morgan Stanley raised their price target on Procter & Gamble from $125.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Citigroup boosted their price objective on Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a report on Monday, April 20th. Royal Bank of Canada restated a “hold” rating and set a $120.00 target price on shares of Procter & Gamble in a report on Tuesday, April 14th. Finally, Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and cut their price target for the stock from $130.00 to $128.00 in a research note on Monday, March 30th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $130.31.

PG opened at $114.61 on Friday. Procter & Gamble Co has a 52 week low of $94.34 and a 52 week high of $128.09. The business has a 50 day moving average price of $115.71 and a two-hundred day moving average price of $120.53. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.52. The company has a market cap of $287.05 billion, a PE ratio of 64.75, a P/E/G ratio of 3.26 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 17th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.04. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The business had revenue of $17.21 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts expect that Procter & Gamble Co will post 4.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a dividend of $0.7907 per share. The ex-dividend date was Thursday, April 23rd. This represents a $3.16 dividend on an annualized basis and a yield of 2.76%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.75. Procter & Gamble’s dividend payout ratio is presently 69.91%.

About Procter & Gamble

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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