Rehmann Capital Advisory Group lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 15.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,580 shares of the company’s stock after selling 5,172 shares during the period. Rehmann Capital Advisory Group’s holdings in Procter & Gamble Company (The) were worth $2,404,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Asset Planning Services Ltd. increased its position 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. increased its position 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 increased its position 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. Feltz Wealth PLAN Inc. bought a new position in Procter & Gamble Company (The) during the first quarter valued at approximately $184,000. Finally, Watermark Asset Management Inc. bought a new position in Procter & Gamble Company (The) during the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 59.69% of the company’s stock.

Procter & Gamble Company (NYSE:PG) traded up 0.014% during midday trading on Thursday, hitting $91.933. The stock had a trading volume of 2,339,562 shares. The company has a 50-day moving average of $88.92 and a 200-day moving average of $88.88. The stock has a market cap of $234.43 billion, a price-to-earnings ratio of 16.437 and a beta of 0.68. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $92.00. Procter & Gamble Company (The) also saw some unusual options trading on Monday. Investors bought 35,861 call options on the company. This represents an increase of 509% compared to the typical volume of 5,886 call options.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the Zacks’ 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 company had revenue of $16.08 billion during the quarter, compared to analysts’ expectations of $16.01 billion. During the same period in the prior year, the company earned $0.79 EPS. Procter & Gamble Company (The)’s revenue was down .1% compared to the same quarter last year. Equities research analysts forecast 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. 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 3.00%. Procter & Gamble Company (The)’s payout ratio is 49.37%.

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Several research firms recently commented on PG. Vetr upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 target price for the company in a research report on Wednesday, April 26th. Zacks Investment Research raised Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $80.00 price target on shares of Procter & Gamble Company (The) in a report on Monday, April 24th. Deutsche Bank AG reaffirmed a “hold” rating and set a $92.00 price target (up from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. Finally, UBS AG reaffirmed a “buy” rating and set a $102.00 price target (down from $104.00) on shares of Procter & Gamble Company (The) in a report on Friday, April 28th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.21.

In related news, insider Patrice Louvet sold 62,350 shares of the stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. Insiders sold 203,898 shares of company stock valued at $17,666,387 over the last 90 days. 0.35% of the stock is currently 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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