Fort Point Capital Partners LLC lowered its position in Procter & Gamble Company (The) (NYSE:PG) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,854 shares of the company’s stock after selling 11 shares during the period. Fort Point Capital Partners LLC’s holdings in Procter & Gamble Company (The) were worth $256,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Procter & Gamble Company (The) during the fourth quarter worth approximately $8,515,000. Asset Planning Services Ltd. raised 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 worth $107,000 after buying an additional 526 shares in the last quarter. Riggs Asset Managment Co. Inc. raised 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 worth $144,000 after buying an additional 170 shares in the last quarter. Edge Wealth Management LLC raised 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 worth $148,000 after buying an additional 240 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new stake in shares of Procter & Gamble Company (The) during the first quarter worth approximately $184,000. Institutional investors and hedge funds own 59.69% of the company’s stock.

Shares of Procter & Gamble Company (NYSE:PG) traded down 0.44% on Friday, hitting $91.34. The stock had a trading volume of 7,094,246 shares. The company has a market cap of $232.92 billion, a price-to-earnings ratio of 16.33 and a beta of 0.68. The firm’s 50-day moving average is $89.05 and its 200-day moving average is $88.93. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.08.

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

The firm 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. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.02%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is presently 49.37%.

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PG has been the topic of a number of recent research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $98.00 target price on shares of Procter & Gamble Company (The) in a research report on Monday, July 17th. Vetr upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 target price on the stock in a research report on Wednesday, April 26th. UBS AG reiterated a “buy” rating and issued a $102.00 target price (down previously from $104.00) on shares of Procter & Gamble Company (The) in a research report on Friday, April 28th. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Tuesday, August 1st. Finally, Capital One Financial Corporation lowered Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and dropped their target price 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 issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $87.81.

In related news, insider Suranjan Magesvaran sold 10,512 shares of Procter & Gamble Company (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 filing with the SEC, which is available through the SEC website. Also, insider Patrice Louvet sold 62,350 shares of Procter & Gamble Company (The) 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 90 days, insiders sold 203,898 shares of company stock worth $17,666,387. Company insiders own 0.35% of the company’s stock.

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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