Consolidated Portfolio Review Corp Trims Holdings in The Procter & Gamble Company (NYSE:PG)

Consolidated Portfolio Review Corp trimmed its position in The Procter & Gamble Company (NYSE:PGFree Report) by 63.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,096 shares of the company’s stock after selling 8,889 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Procter & Gamble were worth $827,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Royal London Asset Management Ltd. grew its holdings in shares of Procter & Gamble by 7.3% in the third quarter. Royal London Asset Management Ltd. now owns 1,537,678 shares of the company’s stock valued at $224,324,000 after purchasing an additional 105,102 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Procter & Gamble by 3.2% in the third quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock valued at $1,629,299,000 after purchasing an additional 346,925 shares in the last quarter. Cito Capital Group LLC grew its holdings in shares of Procter & Gamble by 2.2% in the third quarter. Cito Capital Group LLC now owns 14,198 shares of the company’s stock valued at $2,071,000 after purchasing an additional 300 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings in shares of Procter & Gamble by 3.3% in the third quarter. Baker Avenue Asset Management LP now owns 4,216 shares of the company’s stock valued at $615,000 after purchasing an additional 135 shares in the last quarter. Finally, Objective Capital Management LLC grew its holdings in shares of Procter & Gamble by 5.4% in the third quarter. Objective Capital Management LLC now owns 4,629 shares of the company’s stock valued at $675,000 after purchasing an additional 238 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of Procter & Gamble stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now owns 12,929 shares in the company, valued at $2,168,451.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the sale, the chief executive officer now owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 9,149 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the sale, the insider now owns 12,929 shares in the company, valued at approximately $2,168,451.88. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock worth $25,413,051 over the last quarter. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on PG. Argus raised their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. BNP Paribas assumed coverage on Procter & Gamble in a research report on Monday, June 24th. They issued an “outperform” rating and a $187.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Finally, Barclays raised their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.72.

Check Out Our Latest Stock Report on PG

Procter & Gamble Stock Up 0.8 %

Shares of Procter & Gamble stock traded up $1.38 during trading on Friday, hitting $165.21. 6,509,248 shares of the stock traded hands, compared to its average volume of 5,655,382. The firm has a market cap of $389.92 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 3.13 and a beta of 0.41. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $169.41. The stock’s fifty day simple moving average is $165.82 and its 200 day simple moving average is $159.35.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 earnings per share. On average, equities analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is 65.85%.

About Procter & Gamble

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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

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