Osborne Partners Capital Management LLC cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.9% during the first quarter, Holdings Channel reports. The fund owned 162,712 shares of the company’s stock after selling 3,122 shares during the period. Procter & Gamble Company (The) comprises approximately 2.1% of Osborne Partners Capital Management LLC’s portfolio, making the stock its 10th largest position. Osborne Partners Capital Management LLC’s holdings in Procter & Gamble Company (The) were worth $14,620,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PG. Aviva PLC raised its stake in Procter & Gamble Company (The) by 3.7% in the fourth quarter. Aviva PLC now owns 1,968,906 shares of the company’s stock valued at $165,782,000 after buying an additional 70,171 shares during the last quarter. Integrated Investment Consultants LLC raised its stake in Procter & Gamble Company (The) by 1.1% in the first quarter. Integrated Investment Consultants LLC now owns 14,017 shares of the company’s stock valued at $1,259,000 after buying an additional 150 shares during the last quarter. MML Investors Services LLC purchased a new stake in Procter & Gamble Company (The) during the fourth quarter valued at $277,000. Shelton Capital Management raised its stake in Procter & Gamble Company (The) by 6.6% in the fourth quarter. Shelton Capital Management now owns 154,754 shares of the company’s stock valued at $13,012,000 after buying an additional 9,560 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in Procter & Gamble Company (The) by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 1,073,935 shares of the company’s stock valued at $90,297,000 after buying an additional 5,367 shares during the last quarter. 59.81% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Company (NYSE:PG) opened at 87.10 on Monday. The company has a market capitalization of $222.77 billion, a PE ratio of 16.01 and a beta of 0.68. The firm’s 50-day moving average is $87.86 and its 200-day moving average is $88.03. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $92.00.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Wednesday, April 26th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The business had revenue of $15.61 billion during the quarter, compared to analyst estimates of $15.70 billion. Procter & Gamble Company (The) had a return on equity of 19.30% and a net margin of 23.14%. Procter & Gamble Company (The)’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post $3.85 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be given a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is currently 50.55%.

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Several equities research analysts have recently weighed in on PG shares. Zacks Investment Research lowered shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Thursday, March 23rd. J P Morgan Chase & Co started coverage on shares of Procter & Gamble Company (The) in a report on Tuesday, March 21st. They issued a “neutral” rating and a $98.00 target price on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $80.00 target price on shares of Procter & Gamble Company (The) in a report on Monday, April 24th. Vetr raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 target price on the stock in a report on Wednesday, April 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $103.00 target price on shares of Procter & Gamble Company (The) in a report on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Procter & Gamble Company (The) currently has an average rating of “Hold” and an average price target of $87.34.

In related news, insider Patrice Louvet sold 3,837 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $87.00, for a total value of $333,819.00. Following the completion of the sale, the insider now directly owns 46,913 shares of the company’s stock, valued at approximately $4,081,431. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven D. Bishop sold 2,668 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $87.34, for a total value of $233,023.12. Following the completion of the sale, the insider now directly owns 43,608 shares of the company’s stock, valued at $3,808,722.72. The disclosure for this sale can be found here. Insiders sold a total of 199,891 shares of company stock valued at $17,276,637 over the last three months. 0.35% of the stock is currently owned by insiders.

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.

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

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