NEXT Financial Group Inc reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 31.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,613 shares of the company’s stock after selling 14,209 shares during the period. Procter & Gamble Company (The) comprises 0.7% of NEXT Financial Group Inc’s portfolio, making the stock its 20th largest position. NEXT Financial Group Inc’s holdings in Procter & Gamble Company (The) were worth $2,673,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sawtooth Solutions LLC increased its stake in Procter & Gamble Company (The) by 13.1% in the first quarter. Sawtooth Solutions LLC now owns 23,489 shares of the company’s stock worth $2,110,000 after buying an additional 2,717 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Procter & Gamble Company (The) during the first quarter worth approximately $348,000. Warren Averett Asset Management LLC increased its stake in Procter & Gamble Company (The) by 155.1% in the first quarter. Warren Averett Asset Management LLC now owns 18,906 shares of the company’s stock worth $1,699,000 after buying an additional 11,495 shares during the period. ARGA Investment Management LP increased its stake in Procter & Gamble Company (The) by 3.8% in the first quarter. ARGA Investment Management LP now owns 16,200 shares of the company’s stock worth $1,456,000 after buying an additional 600 shares during the period. Finally, Karp Capital Management Corp bought a new stake in Procter & Gamble Company (The) during the first quarter worth approximately $126,275,000. 59.78% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Company (NYSE:PG) opened at 90.67 on Friday. The company has a market cap of $231.51 billion, a P/E ratio of 16.21 and a beta of 0.68. The company has a 50-day moving average of $88.56 and a 200 day moving average of $88.68. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.00.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.52%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share. Analysts anticipate that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The company 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 dividend of $0.6896 per share. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.76 annualized dividend and a yield of 3.04%. Procter & Gamble Company (The)’s dividend payout ratio is presently 49.37%.

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A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub raised shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $100.00 target price (up previously from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $90.00 target price (up previously from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research report on Saturday, July 22nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. Procter & Gamble Company (The) presently has a consensus rating of “Hold” and an average target price of $88.21.

In other news, insider Patrice Louvet sold 29,621 shares of Procter & Gamble Company (The) stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $86.01, for a total value of $2,547,702.21. Following the sale, the insider now owns 76,651 shares in the company, valued at $6,592,752.51. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Suranjan Magesvaran sold 10,512 shares of Procter & Gamble Company (The) stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 203,898 shares of company stock worth $17,666,387. 0.35% of the stock is owned by company 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.

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

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