Logan Capital Management Inc. raised its position in Procter & Gamble Company (The) (NYSE:PG) by 4.2% during the first quarter, Holdings Channel reports. The firm owned 114,356 shares of the company’s stock after buying an additional 4,600 shares during the period. Logan Capital Management Inc.’s holdings in Procter & Gamble Company (The) were worth $10,275,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Asset Planning Services Ltd. increased 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 worth $107,000 after buying an additional 526 shares during the period. Riggs Asset Managment Co. Inc. increased 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 worth $144,000 after buying an additional 170 shares during the period. Edge Wealth Management LLC increased 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 worth $148,000 after buying an additional 240 shares during the period. Feltz Wealth PLAN Inc. acquired a new stake in Procter & Gamble Company (The) during the first quarter worth about $184,000. Finally, Intellectus Partners LLC acquired a new stake in Procter & Gamble Company (The) during the fourth quarter worth about $215,000. 59.69% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Company (NYSE:PG) traded down 0.23% during mid-day trading on Friday, hitting $91.53. 2,690,718 shares of the stock were exchanged. The company has a market cap of $233.40 billion, a P/E ratio of 16.37 and a beta of 0.68. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.08. The company has a 50-day moving average price of $88.98 and a 200-day moving average price of $88.90.

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 Thomson Reuters’ consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. Procter & Gamble Company (The)’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 EPS. On average, analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be paid a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.01%. The ex-dividend date is Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio is 49.37%.

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PG has been the subject of a number of research analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $98.00 target price on shares of Procter & Gamble Company (The) in a research report on Monday, July 17th. Vetr raised shares of 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. UBS AG reaffirmed a “buy” rating and issued a $102.00 price objective (down previously from $104.00) on shares of Procter & Gamble Company (The) in a research report on Friday, April 28th. Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Tuesday, August 1st. Finally, Capital One Financial Corporation downgraded shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $87.81.

In related news, insider Ioannis Skoufalos sold 3,879 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was 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 SEC, which is accessible through this link. Also, insider Patrice Louvet sold 29,621 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now directly owns 76,651 shares in the company, valued at approximately $6,592,752.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 203,898 shares of company stock worth $17,666,387. 0.35% of the stock is owned by 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.

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

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