Cypress Capital Management LLC WY continued to hold its stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,850 shares of the company’s stock at the end of the second quarter. Cypress Capital Management LLC WY’s holdings in Procter & Gamble Company (The) were worth $161,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. 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 during 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 during 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 during the last quarter. Feltz Wealth PLAN Inc. bought a new stake in shares of Procter & Gamble Company (The) during the first quarter valued at $184,000. Finally, Watermark Asset Management Inc. bought a new stake in shares of Procter & Gamble Company (The) during the first quarter valued at $201,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Company (PG) traded up 0.43% during trading on Friday, reaching $92.47. The company’s stock had a trading volume of 6,815,008 shares. The company has a market capitalization of $235.80 billion, a P/E ratio of 16.53 and a beta of 0.68. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $92.95. The firm’s 50-day moving average price is $89.57 and its 200 day moving average price is $89.11.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The firm had revenue of $16.08 billion during 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%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. On average, analysts predict that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were paid a dividend of $0.6896 per share. The ex-dividend date was Wednesday, July 19th. This represents a $2.76 annualized dividend and a yield of 2.98%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 49.37%.

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Several analysts have weighed in on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $92.44 price objective (down previously from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday. 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. Sanford C. Bernstein reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $90.00 price objective (up previously from $87.00) 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 issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $87.48.

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 transaction of $334,253.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $587,399.28. Following the transaction, the chief executive officer now owns 134,884 shares in the company, valued at $12,414,723.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 127,032 shares of company stock worth $11,130,014. 0.35% of the stock is 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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