Procter & Gamble Company (The) (PG) Position Lessened by Congress Asset Management Co. MA

Congress Asset Management Co. MA lessened its holdings in Procter & Gamble Company (The) (NYSE:PG) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,149 shares of the company’s stock after selling 45 shares during the period. Congress Asset Management Co. MA’s holdings in Procter & Gamble Company (The) were worth $1,930,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tompkins Financial Corp increased its stake in Procter & Gamble Company (The) by 0.3% in the first quarter. Tompkins Financial Corp now owns 43,747 shares of the company’s stock valued at $3,601,000 after acquiring an additional 119 shares during the last quarter. Harvest Capital Management Inc increased its stake in Procter & Gamble Company (The) by 1.1% in the first quarter. Harvest Capital Management Inc now owns 4,033 shares of the company’s stock valued at $362,000 after acquiring an additional 45 shares during the last quarter. Iowa State Bank increased its stake in Procter & Gamble Company (The) by 2.4% in the first quarter. Iowa State Bank now owns 54,170 shares of the company’s stock valued at $4,867,000 after acquiring an additional 1,250 shares during the last quarter. Torch Wealth Management LLC increased its stake in Procter & Gamble Company (The) by 0.6% in the first quarter. Torch Wealth Management LLC now owns 136,845 shares of the company’s stock valued at $12,296,000 after acquiring an additional 792 shares during the last quarter. Finally, Cribstone Capital Management LLC increased its stake in Procter & Gamble Company (The) by 58.8% in the first quarter. Cribstone Capital Management LLC now owns 13,339 shares of the company’s stock valued at $1,190,000 after acquiring an additional 4,939 shares during the last quarter. Institutional investors own 59.30% of the company’s stock.

Shares of Procter & Gamble Company (NYSE PG) opened at 91.62 on Wednesday. The stock has a market capitalization of $233.63 billion, a price-to-earnings ratio of 16.38 and a beta of 0.67. The stock’s 50 day moving average is $92.56 and its 200-day moving average is $89.75. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $94.67.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion for 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 19.97%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 EPS. On average, analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be paid a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.01%. Procter & Gamble Company (The)’s dividend payout ratio is currently 49.37%.

A number of research firms recently commented on PG. Capital One Financial Corporation cut Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $5.00 to $2.00 in a research note on Thursday, June 22nd. Jefferies Group LLC reissued a “buy” rating and issued a $104.00 target price on shares of Procter & Gamble Company (The) in a research note on Tuesday. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 target price on shares of Procter & Gamble Company (The) in a research note on Friday, June 30th. Sanford C. Bernstein reissued an “outperform” rating and issued a $100.00 target price (up previously from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Finally, BidaskClub raised Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $90.00.

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In other news, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suranjan Magesvaran sold 10,512 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. Insiders sold a total of 45,792 shares of company stock worth $4,216,070 over the last 90 days. 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.

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

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