Morningstar Investment Services LLC increased its stake in Procter & Gamble Company (The) (NYSE:PG) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 614,436 shares of the company’s stock after acquiring an additional 16,269 shares during the period. Procter & Gamble Company (The) makes up approximately 1.2% of Morningstar Investment Services LLC’s investment portfolio, making the stock its 24th biggest position. Morningstar Investment Services LLC’s holdings in Procter & Gamble Company (The) were worth $53,548,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PG. Asset Planning Services Ltd. boosted its holdings in Procter & Gamble Company (The) by 0.4% during the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its holdings in Procter & Gamble Company (The) by 11.9% during 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. Winfield Associates Inc. boosted its holdings in Procter & Gamble Company (The) by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after buying an additional 15 shares in the last quarter. Watermark Asset Management Inc. bought a new stake in Procter & Gamble Company (The) during the first quarter worth approximately $201,000. Finally, Security National Bank of SO Dak bought a new stake in Procter & Gamble Company (The) during the first quarter worth approximately $206,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

A number of analysts recently weighed in on PG shares. Stifel Nicolaus set a $87.00 target price on shares of Procter & Gamble Company (The) and gave the stock a “hold” rating in a report on Friday, October 20th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Procter & Gamble Company (The) in a report on Wednesday, October 4th. Jefferies Group LLC restated a “buy” rating and set a $104.00 target price on shares of Procter & Gamble Company (The) in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $87.81.

Procter & Gamble Company (NYSE PG) opened at $88.43 on Monday. The firm has a market cap of $224,340.00, a price-to-earnings ratio of 22.22, a PEG ratio of 2.85 and a beta of 0.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble Company has a twelve month low of $81.18 and a twelve month high of $94.67.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $16.65 billion for the quarter, compared to the consensus estimate 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 for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. sell-side analysts forecast that Procter & Gamble Company will post 4.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were issued a dividend of $0.6896 per share. The ex-dividend date was Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.12%. Procter & Gamble Company (The)’s dividend payout ratio is currently 73.80%.

In related news, insider Carolyn M. Tastad sold 5,300 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.18, for a total value of $472,654.00. Following the transaction, the insider now directly owns 57,191 shares in the company, valued at approximately $5,100,293.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Insiders have sold a total of 32,694 shares of company stock worth $2,987,000 in the last 90 days. 0.35% of the stock is owned by insiders.

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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.

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

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