Bank of New York Mellon Corp Has $2.76 Billion Holdings in Procter & Gamble Company (The) (PG)

Bank of New York Mellon Corp lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,722,606 shares of the company’s stock after selling 5,663,593 shares during the period. Procter & Gamble Company (The) accounts for approximately 0.8% of Bank of New York Mellon Corp’s investment portfolio, making the stock its 14th largest holding. Bank of New York Mellon Corp owned about 1.24% of Procter & Gamble Company (The) worth $2,764,623,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PG. Asset Planning Services Ltd. grew its stake in Procter & Gamble Company (The) by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its stake in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after purchasing an additional 170 shares during the last quarter. Winfield Associates Inc. grew its stake in shares of Procter & Gamble Company (The) by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after acquiring an additional 15 shares during the last quarter. Watermark Asset Management Inc. purchased a new stake in shares of Procter & Gamble Company (The) during the first quarter worth about $201,000. Finally, Security National Bank of SO Dak purchased a new stake in shares of Procter & Gamble Company (The) during the first quarter worth about $206,000. Institutional investors own 59.53% of the company’s stock.

In other news, insider Ioannis Skoufalos sold 2,880 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $88.75, for a total transaction of $255,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the transaction, the insider now directly owns 85,495 shares of the company’s stock, valued at $7,438,065. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,277 shares of company stock valued at $1,811,430. Corporate insiders own 0.35% of the company’s stock.

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Procter & Gamble Company (PG) opened at $88.72 on Wednesday. Procter & Gamble Company has a twelve month low of $81.18 and a twelve month high of $94.67. The stock has a market capitalization of $225,080.00, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. Procter & Gamble Company (The) had a return on equity of 20.35% and a net margin of 23.72%. The company had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. During the same period in the previous year, the company posted $1.03 earnings per share. Procter & Gamble Company (The)’s revenue for the quarter was up .8% on a year-over-year basis. equities research analysts predict that Procter & Gamble Company will post 4.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were issued a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Thursday, October 19th. Procter & Gamble Company (The)’s payout ratio is presently 73.80%.

A number of equities research analysts have recently weighed in on the company. Vetr lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating and set a $90.38 price target on the stock. in a research note on Tuesday, November 7th. Macquarie assumed coverage on Procter & Gamble Company (The) in a research note on Thursday, September 14th. They set an “outperform” rating and a $102.00 price target on the stock. Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Morgan Stanley dropped their price target on Procter & Gamble Company (The) from $91.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 24th. Finally, Jefferies Group LLC restated a “buy” rating and set a $88.23 price target (down previously from $99.00) on shares of Procter & Gamble Company (The) in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $87.81.

Procter & Gamble Company (The) Profile

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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