Allen Investment Management LLC reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 25.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,862 shares of the company’s stock after selling 18,642 shares during the period. Allen Investment Management LLC’s holdings in Procter & Gamble Company (The) were worth $5,019,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PG. Asset Planning Services Ltd. increased its stake in shares of 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 in the last quarter. Riggs Asset Managment Co. Inc. increased its stake in shares of 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 in the last quarter. Edge Wealth Management LLC increased its stake in shares of 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 in the last quarter. Feltz Wealth PLAN Inc. bought a new stake in shares of Procter & Gamble Company (The) during the first quarter valued at about $184,000. Finally, Intellectus Partners LLC bought a new stake in shares of Procter & Gamble Company (The) during the fourth quarter valued at about $215,000. 59.69% of the stock is currently owned by institutional investors.

Procter & Gamble Company (NYSE:PG) traded down 0.05% on Thursday, reaching $91.87. The company’s stock had a trading volume of 1,139,463 shares. The stock’s 50 day moving average is $88.92 and its 200-day moving average is $88.88. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $92.00. The firm has a market capitalization of $234.27 billion, a PE ratio of 16.43 and a beta of 0.68. Procter & Gamble Company (The) also was the recipient of some unusual options trading on Monday. Stock investors purchased 35,861 call options on the stock. This represents an increase of 509% compared to the typical daily volume of 5,886 call options.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The firm had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. During the same period in the previous year, the company posted $0.79 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Analysts predict that Procter & Gamble Company will post $4.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be paid a $0.6896 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.00%. Procter & Gamble Company (The)’s dividend payout ratio is currently 49.37%.

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

In other news, insider Ioannis Skoufalos sold 3,879 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $86.17, for a total value of $334,253.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Patrice Louvet sold 62,350 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were 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. Over the last quarter, insiders sold 203,898 shares of company stock worth $17,666,387. Corporate 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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