Boys Arnold & Co. Inc. boosted its stake in Procter & Gamble Company (The) (NYSE:PG) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 108,866 shares of the company’s stock after buying an additional 799 shares during the period. Procter & Gamble Company (The) comprises approximately 1.7% of Boys Arnold & Co. Inc.’s holdings, making the stock its 11th largest position. Boys Arnold & Co. Inc.’s holdings in Procter & Gamble Company (The) were worth $9,771,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. American National Bank boosted its stake in shares of Procter & Gamble Company (The) by 225.8% in the third quarter. American National Bank now owns 1,137 shares of the company’s stock worth $102,000 after buying an additional 788 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of Procter & Gamble Company (The) during the second quarter worth approximately $112,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Procter & Gamble Company (The) during the second quarter worth approximately $122,000. Global X Management Co. LLC boosted its stake in shares of Procter & Gamble Company (The) by 259.5% in the second quarter. Global X Management Co. LLC now owns 1,517 shares of the company’s stock worth $128,000 after buying an additional 1,095 shares in the last quarter. Finally, Rothschild Capital Partners LLC acquired a new stake in shares of Procter & Gamble Company (The) during the second quarter worth approximately $201,000. Hedge funds and other institutional investors own 67.28% of the company’s stock.

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

Procter & Gamble Company (NYSE:PG) opened at 84.01 on Friday. The firm’s 50-day moving average is $84.01 and its 200-day moving average is $85.88. Procter & Gamble Company has a 52-week low of $74.46 and a 52-week high of $90.33. The stock has a market cap of $224.81 billion, a P/E ratio of 22.41 and a beta of 0.59.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.49 billion. Procter & Gamble Company (The) had a net margin of 16.27% and a return on equity of 17.95%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. Equities research analysts predict that Procter & Gamble Company will post $3.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th will be given a dividend of $0.6695 per share. The ex-dividend date of this dividend is Wednesday, January 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.19%. Procter & Gamble Company (The)’s payout ratio is 71.66%.

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A number of brokerages have commented on PG. B. Riley reaffirmed a “buy” rating and set a $106.00 target price on shares of Procter & Gamble Company (The) in a report on Monday, October 31st. raised shares of Procter & Gamble Company (The) from an “underperform” rating to an “outperform” rating and increased their price objective for the stock from $90.00 to $95.00 in a research note on Wednesday, October 26th. Jefferies Group reissued a “buy” rating and issued a $98.00 price objective on shares of Procter & Gamble Company (The) in a research note on Wednesday, October 26th. Vetr cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating and set a $87.49 price objective for the company. in a research note on Monday, December 19th. Finally, SunTrust Banks, Inc. cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $95.00 to $85.00 in a research note on Thursday, December 22nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $89.07.

In other news, insider Price Matthew sold 3,081 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $86.90, for a total transaction of $267,738.90. Following the transaction, the insider now owns 14,962 shares of the company’s stock, valued at approximately $1,300,197.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.35% of the company’s stock.

Procter & Gamble Company (The) 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.

5 Day Chart for NYSE:PG

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