Westchester Capital Management Inc. boosted its stake in Procter & Gamble Company (The) (NYSE:PG) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 87,035 shares of the company’s stock after acquiring an additional 665 shares during the quarter. Procter & Gamble Company (The) accounts for about 3.5% of Westchester Capital Management Inc.’s portfolio, making the stock its 20th biggest holding. Westchester Capital Management Inc.’s holdings in Procter & Gamble Company (The) were worth $7,585,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. boosted its stake in Procter & Gamble Company (The) by 11.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the last quarter. Winfield Associates Inc. boosted its stake in Procter & Gamble Company (The) by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares during the last quarter. Watermark Asset Management Inc. acquired a new stake in Procter & Gamble Company (The) during the 1st quarter worth $201,000. Security National Bank of SO Dak acquired a new stake in Procter & Gamble Company (The) during the 1st quarter worth $206,000. Finally, Proficio Capital Partners LLC boosted its stake in Procter & Gamble Company (The) by 85.5% during the 1st quarter. Proficio Capital Partners LLC now owns 2,506 shares of the company’s stock worth $217,000 after purchasing an additional 1,155 shares during the last quarter. 59.73% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Procter & Gamble Company (The) (PG) Shares Bought by Westchester Capital Management Inc.” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.dailypolitical.com/2017/11/17/procter-gamble-company-the-pg-shares-bought-by-westchester-capital-management-inc.html.

In other Procter & Gamble Company (The) news, SVP Valarie L. Sheppard sold 20,175 shares of Procter & Gamble Company (The) stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total value of $1,869,213.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble Company (The) stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,694 shares of company stock worth $2,987,000. 0.35% of the stock is owned by insiders.

Shares of Procter & Gamble Company (NYSE:PG) opened at $89.25 on Friday. The stock has a market cap of $223,835.81, a PE ratio of 22.17, a P/E/G ratio of 2.84 and a beta of 0.66. Procter & Gamble Company has a fifty-two week low of $81.18 and a fifty-two week high of $94.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.35%. Procter & Gamble Company (The)’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. equities analysts predict that Procter & Gamble Company will post 4.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were issued a $0.6896 dividend. The ex-dividend date was Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 3.09%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is currently 48.51%.

PG has been the topic of several recent research reports. Bank of America Corporation lifted their target price on shares of Procter & Gamble Company (The) from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $103.00 target price on shares of Procter & Gamble Company (The) in a research note on Thursday, September 7th. BidaskClub raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research raised shares of 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 note on Tuesday, August 1st. Finally, Vetr raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $93.02 target price on the stock in a research note on Monday, October 23rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $87.81.

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.

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

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.