IFC Holdings Incorporated FL lowered its position in Procter & Gamble Company (The) (NYSE:PG) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,344 shares of the company’s stock after selling 2,456 shares during the period. IFC Holdings Incorporated FL’s holdings in Procter & Gamble Company (The) were worth $2,185,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sigma Planning Corp boosted its stake in Procter & Gamble Company (The) by 2.4% in the first quarter. Sigma Planning Corp now owns 70,723 shares of the company’s stock valued at $6,354,000 after buying an additional 1,674 shares in the last quarter. GW Henssler & Associates Ltd. boosted its stake in Procter & Gamble Company (The) by 0.4% in the first quarter. GW Henssler & Associates Ltd. now owns 145,191 shares of the company’s stock valued at $13,045,000 after buying an additional 620 shares in the last quarter. First Manhattan Co. boosted its stake in Procter & Gamble Company (The) by 16.3% in the first quarter. First Manhattan Co. now owns 658,581 shares of the company’s stock valued at $59,108,000 after buying an additional 92,513 shares in the last quarter. Personal Capital Advisors Corp boosted its stake in Procter & Gamble Company (The) by 11.8% in the first quarter. Personal Capital Advisors Corp now owns 312,192 shares of the company’s stock valued at $28,285,000 after buying an additional 33,059 shares in the last quarter. Finally, Waldron LP boosted its stake in Procter & Gamble Company (The) by 81.6% in the first quarter. Waldron LP now owns 14,201 shares of the company’s stock valued at $1,270,000 after buying an additional 6,383 shares in the last quarter. Institutional investors and hedge funds own 59.81% of the company’s stock.

Procter & Gamble Company (NYSE:PG) opened at 87.55 on Tuesday. The stock’s 50 day moving average is $87.86 and its 200-day moving average is $88.03. The firm has a market capitalization of $223.92 billion, a PE ratio of 16.10 and a beta of 0.68. 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 announced its earnings results on Wednesday, April 26th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $15.61 billion during the quarter, compared to analysts’ expectations of $15.70 billion. Procter & Gamble Company (The) had a return on equity of 19.30% and a net margin of 23.14%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. Equities analysts expect that Procter & Gamble Company will post $3.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be given a dividend of $0.6896 per share. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.15%. Procter & Gamble Company (The)’s payout ratio is currently 50.55%.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/07/18/procter-gamble-company-the-nysepg-position-cut-by-ifc-holdings-incorporated-fl.html.

Several equities research analysts recently issued reports on PG shares. Vetr cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 target price on the stock. in a research report on Monday, July 3rd. Stifel Nicolaus decreased their target price on shares of Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating on the stock in a research report on Thursday, April 27th. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $5.00 to $2.00 in a research report on Thursday, June 22nd. Finally, BidaskClub cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Four equities research 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. The stock has a consensus rating of “Hold” and an average target price of $87.04.

In other Procter & Gamble Company (The) news, insider Patrice Louvet sold 48,310 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $86.79, for a total transaction of $4,192,824.90. Following the completion of the sale, the insider now owns 95,340 shares of the company’s stock, valued at $8,274,558.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven D. Bishop sold 2,668 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $87.34, for a total value of $233,023.12. Following the sale, the insider now directly owns 43,608 shares of the company’s stock, valued at approximately $3,808,722.72. The disclosure for this sale can be found here. Insiders have sold 199,891 shares of company stock valued at $17,276,637 in the last ninety days. Company 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.

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 Company (The) (NYSE:PG)

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