Wellington Shields Capital Management LLC cut its holdings in Procter & Gamble Co (NYSE:PG) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,770 shares of the company’s stock after selling 500 shares during the period. Wellington Shields Capital Management LLC’s holdings in Procter & Gamble were worth $3,825,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. New England Investment & Retirement Group Inc. acquired a new stake in shares of Procter & Gamble during the first quarter worth about $28,000. Efficient Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the first quarter worth about $39,000. Wealthcare Capital Management LLC increased its position in shares of Procter & Gamble by 126.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 339 shares of the company’s stock worth $42,000 after purchasing an additional 189 shares in the last quarter. Pacifica Partners Inc. acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $44,000. Finally, Lighthouse Financial Advisors Inc. acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $44,000. Institutional investors own 64.03% of the company’s stock.

A number of research firms have recently commented on PG. Citigroup lifted their target price on Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b” rating in a research report on Tuesday, April 14th. Royal Bank of Canada restated a “hold” rating and issued a $120.00 price target on shares of Procter & Gamble in a research report on Tuesday, April 14th. Stifel Nicolaus boosted their price target on Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Deutsche Bank boosted their price target on Procter & Gamble from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $130.31.

Shares of PG opened at $114.61 on Friday. Procter & Gamble Co has a twelve month low of $94.34 and a twelve month high of $128.09. The stock’s 50 day moving average is $115.71 and its two-hundred day moving average is $120.53. The firm has a market capitalization of $287.05 billion, a PE ratio of 64.75, a P/E/G ratio of 3.26 and a beta of 0.44. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share 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 company 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 earned $1.06 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, sell-side analysts predict that Procter & Gamble Co will post 4.95 EPS for the current year.

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

In other news, VP Valarie L. Sheppard sold 25,600 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $119.50, for a total transaction of $3,059,200.00. Following the sale, the vice president now owns 50,598 shares of the company’s stock, valued at approximately $6,046,461. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R. Alexandra Keith sold 7,360 shares of the business’s 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 directly owns 44,746 shares in the company, valued at approximately $5,369,520. The disclosure for this sale can be found here. Insiders sold a total of 8,802,488 shares of company stock worth $1,048,532,939 in the last ninety days. 1.75% of the stock is owned by corporate insiders.

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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