Allegis Investment Advisors LLC trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 10.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,337 shares of the company’s stock after selling 2,381 shares during the period. Allegis Investment Advisors LLC’s holdings in Procter & Gamble Company (The) were worth $1,772,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PG. Asset Planning Services Ltd. boosted its stake in Procter & Gamble Company (The) by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the period. Riggs Asset Managment Co. Inc. boosted its stake in Procter & Gamble Company (The) by 11.9% in 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 period. Watermark Asset Management Inc. acquired a new position in Procter & Gamble Company (The) in the 1st quarter worth approximately $201,000. Winfield Associates Inc. boosted its stake in Procter & Gamble Company (The) by 0.7% in 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 period. Finally, Security National Bank of SO Dak purchased a new stake in Procter & Gamble Company (The) in the 1st quarter worth approximately $206,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

PG has been the subject of a number of research 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 target price for the company in a research report on Tuesday, August 1st. Stifel Nicolaus set a $87.00 target price on shares of Procter & Gamble Company (The) and gave the stock a “hold” rating in a research report on Friday, October 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $104.00 target price on shares of Procter & Gamble Company (The) in a research report on Tuesday, October 10th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Procter & Gamble Company (The) in a research report on Wednesday, October 4th. Finally, BidaskClub upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $87.81.

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Shares of Procter & Gamble Company (NYSE:PG) opened at $88.33 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The stock has a market cap of $224,090.00, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 2.84 and a beta of 0.66. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $94.67.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. The company 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%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. sell-side 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 Wednesday, November 15th. Stockholders of record on Friday, October 20th were given a dividend of $0.6896 per share. The ex-dividend date was Thursday, October 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.12%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is currently 73.80%.

In related news, 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 transaction of $265,550.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ioannis Skoufalos sold 2,880 shares of Procter & Gamble Company (The) stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $88.75, for a total transaction of $255,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,277 shares of company stock worth $1,811,430. 0.35% of the stock is owned by company insiders.

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)

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