Farmhouse Investment Management LLC acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,596 shares of the company’s stock, valued at approximately $663,000. Procter & Gamble Company (The) comprises about 0.3% of Farmhouse Investment Management LLC’s investment portfolio, making the stock its 25th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of PG. Norges Bank bought a new position in Procter & Gamble Company (The) during the fourth quarter valued at about $1,918,188,000. Loomis Sayles & Co. L P boosted its position in Procter & Gamble Company (The) by 4.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 8,766,489 shares of the company’s stock valued at $737,087,000 after buying an additional 406,412 shares during the period. Fisher Asset Management LLC boosted its position in Procter & Gamble Company (The) by 1.8% in the first quarter. Fisher Asset Management LLC now owns 8,265,762 shares of the company’s stock valued at $742,679,000 after buying an additional 145,481 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Procter & Gamble Company (The) by 0.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,803,068 shares of the company’s stock valued at $701,106,000 after buying an additional 69,511 shares during the period. Finally, Teachers Advisors LLC boosted its position in Procter & Gamble Company (The) by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 5,852,480 shares of the company’s stock valued at $492,077,000 after buying an additional 87,274 shares during the period. Institutional investors and hedge funds own 59.69% of the company’s stock.

Procter & Gamble Company (PG) traded down 0.44% during trading on Friday, reaching $91.34. 7,094,246 shares of the company were exchanged. The firm has a market cap of $232.92 billion, a price-to-earnings ratio of 16.33 and a beta of 0.68. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $92.08. The firm has a 50-day moving average of $89.05 and a 200-day moving average of $88.93.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The firm had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. During the same quarter last year, the business earned $0.79 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, equities analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current year.

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

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PG has been the subject of several recent analyst reports. Zacks Investment Research upgraded 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 report on Tuesday, August 1st. Vetr cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price objective for the company. in a report on Monday, July 3rd. Stifel Nicolaus decreased their price objective on shares of Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating for the company in a report on Thursday, April 27th. Capital One Financial Corporation cut shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $5.00 to $2.00 in a report on Thursday, June 22nd. Finally, BidaskClub cut shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $87.81.

In other Procter & Gamble Company (The) news, insider Suranjan Magesvaran sold 10,512 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrice Louvet sold 62,350 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $86.27, for a total transaction of $5,378,934.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 203,898 shares of company stock valued at $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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