Sentry Investment Management LLC Has $16.88 Million Stake in Procter & Gamble Company (The) (PG)

Sentry Investment Management LLC decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 193,683 shares of the company’s stock after selling 9,072 shares during the period. Procter & Gamble accounts for about 0.7% of Sentry Investment Management LLC’s holdings, making the stock its 24th largest position. Sentry Investment Management LLC’s holdings in Procter & Gamble were worth $16,879,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trillium Asset Management LLC grew its holdings in Procter & Gamble by 2.0% in the 2nd quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock valued at $14,842,000 after buying an additional 3,387 shares during the last quarter. Holderness Investments Co. grew its holdings in Procter & Gamble by 78.2% in the 1st quarter. Holderness Investments Co. now owns 21,467 shares of the company’s stock valued at $1,929,000 after buying an additional 9,419 shares during the last quarter. Barrett Asset Management LLC grew its holdings in Procter & Gamble by 3.3% in the 2nd quarter. Barrett Asset Management LLC now owns 137,397 shares of the company’s stock valued at $11,974,000 after buying an additional 4,325 shares during the last quarter. Thomaspartners Inc. grew its holdings in Procter & Gamble by 9.9% in the 1st quarter. Thomaspartners Inc. now owns 2,483,566 shares of the company’s stock valued at $223,148,000 after buying an additional 224,714 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in Procter & Gamble by 0.7% in the 2nd quarter. Whittier Trust Co. now owns 287,996 shares of the company’s stock valued at $25,099,000 after buying an additional 2,113 shares during the last quarter. 59.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Procter & Gamble Company (NYSE:PG) traded up $0.12 during trading hours on Friday, hitting $91.00. The stock had a trading volume of 5,853,500 shares, compared to its average volume of 7,352,885. Procter & Gamble Company has a one year low of $83.24 and a one year high of $94.67. The firm has a market cap of $230,558.73, a price-to-earnings ratio of 22.83, a PEG ratio of 2.92 and a beta of 0.67. 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 (NYSE:PG) last announced its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The company had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. During the same quarter last year, the firm earned $1.03 EPS. Procter & Gamble’s revenue for the quarter was up .8% compared to the same quarter last year. equities research analysts anticipate that Procter & Gamble Company will post 4.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were given a dividend of $0.6896 per share. The ex-dividend date was Thursday, October 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.03%. Procter & Gamble’s dividend payout ratio (DPR) is presently 48.51%.

A number of analysts have issued reports on the company. Vetr lowered Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 target price on the stock. in a report on Tuesday, November 7th. Macquarie assumed coverage on Procter & Gamble in a report on Thursday, September 14th. They issued an “outperform” rating and a $102.00 target price on the stock. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Morgan Stanley lowered their target price on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 24th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $88.23 target price (down previously from $99.00) on shares of Procter & Gamble in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $88.31.

In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $92.98, for a total transaction of $265,550.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Carolyn M. Tastad sold 5,300 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the transaction, the insider now owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. Insiders have sold a total of 21,575 shares of company stock valued at $1,927,095 in the last 90 days. 0.35% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “Sentry Investment Management LLC Has $16.88 Million Stake in Procter & Gamble Company (The) (PG)” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://sportsperspectives.com/2017/12/15/sentry-investment-management-llc-has-16-88-million-stake-in-procter-gamble-company-the-pg.html.

Procter & Gamble Company 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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply