South Texas Money Management Ltd. boosted its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,030 shares of the company’s stock after buying an additional 244 shares during the period. South Texas Money Management Ltd.’s holdings in Procter & Gamble Company (The) were worth $2,159,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Girard Securities Inc. raised its position in shares of Procter & Gamble Company (The) by 12.5% in the fourth quarter. Girard Securities Inc. now owns 9,322 shares of the company’s stock valued at $784,000 after buying an additional 1,038 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Procter & Gamble Company (The) by 4.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 973,486 shares of the company’s stock valued at $81,850,000 after buying an additional 42,123 shares during the last quarter. Roundview Capital LLC raised its position in shares of Procter & Gamble Company (The) by 5.4% in the fourth quarter. Roundview Capital LLC now owns 29,381 shares of the company’s stock valued at $2,470,000 after buying an additional 1,505 shares during the last quarter. Sandhill Capital Partners LLC raised its position in shares of Procter & Gamble Company (The) by 4.6% in the fourth quarter. Sandhill Capital Partners LLC now owns 7,576 shares of the company’s stock valued at $637,000 after buying an additional 332 shares during the last quarter. Finally, Gratus Capital LLC raised its position in shares of Procter & Gamble Company (The) by 34.1% in the fourth quarter. Gratus Capital LLC now owns 39,638 shares of the company’s stock valued at $3,333,000 after buying an additional 10,082 shares during the last quarter. Institutional investors and hedge funds own 59.69% of the company’s stock.

Shares of Procter & Gamble Company (NYSE PG) opened at 90.67 on Monday. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.00. The company’s 50 day moving average price is $88.56 and its 200-day moving average price is $88.68. The stock has a market capitalization of $231.51 billion, a P/E ratio of 16.21 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.52% and a net margin of 23.56%. The firm had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same period in the previous year, the firm posted $0.79 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be issued a $0.6896 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.04%. Procter & Gamble Company (The)’s payout ratio is currently 49.37%.

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Several research analysts have issued reports on the company. Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $103.00 price target (up previously from $101.00) on shares of Procter & Gamble Company (The) in a report on Tuesday, April 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $90.00 price target (up previously from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $100.00 price target (up previously from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. Procter & Gamble Company (The) has a consensus rating of “Hold” and an average target price of $88.21.

In related news, insider Ioannis Skoufalos sold 3,879 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total value of $334,253.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Patrice Louvet sold 29,621 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $86.01, for a total transaction of $2,547,702.21. Following the completion of the transaction, the insider now owns 76,651 shares of the company’s stock, valued at $6,592,752.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 203,898 shares of company stock valued at $17,666,387. 0.35% of the stock is owned by company insiders.

About Procter & Gamble Company (The)

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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