Tredje AP fonden reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.6% during the first quarter, Holdings Channel reports. The firm owned 272,312 shares of the company’s stock after selling 16,147 shares during the period. Procter & Gamble Company (The) comprises 1.0% of Tredje AP fonden’s holdings, making the stock its 11th largest position. Tredje AP fonden’s holdings in Procter & Gamble Company (The) were worth $24,467,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PG. Baltimore Washington Financial Advisors Inc. acquired a new stake in Procter & Gamble Company (The) during the fourth quarter valued at $8,515,000. Asset Planning Services Ltd. raised its stake in Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after buying an additional 526 shares during the period. Riggs Asset Managment Co. Inc. raised its stake in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after buying an additional 170 shares during the period. Edge Wealth Management LLC raised its stake in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $148,000 after buying an additional 240 shares during the period. Finally, Feltz Wealth PLAN Inc. acquired a new stake in Procter & Gamble Company (The) during the first quarter valued at $184,000. 59.69% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Company (PG) opened at 91.44 on Tuesday. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $92.00. The firm has a market capitalization of $233.47 billion, a price-to-earnings ratio of 16.35 and a beta of 0.68. The company has a 50 day moving average price of $88.56 and a 200-day moving average price of $88.68. Procter & Gamble Company (The) also saw some unusual options trading on Monday. Stock investors acquired 35,861 call options on the stock. This represents an increase of 509% compared to the typical volume of 5,886 call options.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter last year, the business posted $0.79 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be issued a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is currently 49.37%.

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Several research firms recently weighed in on PG. UBS AG reaffirmed a “buy” rating and issued a $102.00 price objective (down from $104.00) on shares of Procter & Gamble Company (The) in a research note on Friday, April 28th. Stifel Nicolaus reissued a “hold” rating and set a $90.00 price target (up from $87.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub raised Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $100.00 price target (up from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $88.21.

In other Procter & Gamble Company (The) news, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $91.00, for a total value of $956,592.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrice Louvet sold 62,350 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $86.27, for a total value of $5,378,934.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 203,898 shares of company stock valued at $17,666,387. 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.

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

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