Procter & Gamble Company (The) (NYSE:PG) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,547,192 shares of the company’s stock after selling 874,450 shares during the period. Procter & Gamble Company (The) comprises about 1.3% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 8th largest position. PNC Financial Services Group Inc.’s holdings in Procter & Gamble Company (The) were worth $1,217,213,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. RB Capital Management LLC increased its position in shares of Procter & Gamble Company (The) by 0.3% in the first quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after buying an additional 20 shares during the last quarter. Paradigm Financial Advisors LLC increased its stake in Procter & Gamble Company (The) by 0.4% in the first quarter. Paradigm Financial Advisors LLC now owns 6,842 shares of the company’s stock worth $614,000 after buying an additional 25 shares in the last quarter. Cottage Street Advisors LLC increased its stake in Procter & Gamble Company (The) by 0.4% in the first quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock worth $615,000 after buying an additional 25 shares in the last quarter. American Economic Planning Group Inc. ADV increased its stake in Procter & Gamble Company (The) by 0.3% in the first quarter. American Economic Planning Group Inc. ADV now owns 10,827 shares of the company’s stock worth $973,000 after buying an additional 33 shares in the last quarter. Finally, Highwater Wealth Management LLC increased its stake in Procter & Gamble Company (The) by 1.2% in the first quarter. Highwater Wealth Management LLC now owns 3,258 shares of the company’s stock worth $293,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 59.69% of the company’s stock.

Procter & Gamble Company (PG) traded up 0.13% during mid-day trading on Wednesday, reaching $91.70. The company’s stock had a trading volume of 870,950 shares. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $92.00. The company’s 50-day moving average price is $88.75 and its 200 day moving average price is $88.72. The firm has a market capitalization of $234.14 billion, a price-to-earnings ratio of 16.39 and a beta of 0.68. Procter & Gamble Company (The) also was the target of unusually large options trading activity on Monday. Traders bought 35,861 call options on the stock. This represents an increase of approximately 509% compared to the typical volume of 5,886 call options.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.52%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 earnings per share. On average, equities analysts forecast that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be paid a $0.6896 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.01%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 49.37%.

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PG has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $103.00 target price (up from $101.00) on shares of Procter & Gamble Company (The) in a research report on Tuesday, April 18th. Royal Bank Of Canada reissued a “hold” rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a research note on Monday, April 24th. Vetr raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price objective on the stock in a research note on Wednesday, April 26th. Finally, Stifel Nicolaus reduced their price objective on Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating on the stock in a research note on Thursday, April 27th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $88.21.

In related news, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patrice Louvet sold 62,350 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $86.27, for a total transaction of $5,378,934.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 203,898 shares of company stock valued at $17,666,387. Insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

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.

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

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