Procter & Gamble Co (PG) Shares Sold by LaSalle Street Capital Management LLC
LaSalle Street Capital Management LLC decreased its holdings in Procter & Gamble Co (NYSE:PG) by 26.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,553 shares of the company’s stock after selling 7,274 shares during the quarter. Procter & Gamble comprises approximately 1.6% of LaSalle Street Capital Management LLC’s portfolio, making the stock its 17th biggest holding. LaSalle Street Capital Management LLC’s holdings in Procter & Gamble were worth $1,604,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in PG. Franklin Resources Inc. increased its position in shares of Procter & Gamble by 63.1% in the first quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock valued at $883,964,000 after buying an additional 4,315,180 shares in the last quarter. BlackRock Inc. increased its position in shares of Procter & Gamble by 1.9% in the first quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock valued at $12,890,867,000 after buying an additional 2,961,408 shares in the last quarter. C WorldWide Group Holding A S purchased a new position in shares of Procter & Gamble in the second quarter valued at $113,258,000. Unigestion Holding SA purchased a new position in shares of Procter & Gamble in the second quarter valued at $112,171,000. Finally, Schroder Investment Management Group increased its position in shares of Procter & Gamble by 31.6% in the first quarter. Schroder Investment Management Group now owns 4,928,265 shares of the company’s stock valued at $390,712,000 after buying an additional 1,184,004 shares in the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.
Procter & Gamble stock opened at $93.29 on Tuesday. The stock has a market cap of $236.52 billion, a P/E ratio of 22.11, a P/E/G ratio of 3.08 and a beta of 0.37. Procter & Gamble Co has a 52 week low of $70.73 and a 52 week high of $94.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Friday, October 19th were given a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Thursday, October 18th. Procter & Gamble’s dividend payout ratio is presently 68.01%.
In other Procter & Gamble news, CEO David S. Taylor sold 16,338 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $94.62, for a total value of $1,545,901.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jon R. Moeller sold 228,905 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $91.88, for a total value of $21,031,791.40. Following the completion of the sale, the insider now directly owns 209,033 shares in the company, valued at $19,205,952.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 544,374 shares of company stock valued at $49,683,911. 1.84% of the stock is currently owned by company insiders.
A number of research analysts have recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and issued a $86.00 price target on shares of Procter & Gamble in a research report on Friday, November 9th. TD Securities restated a “hold” rating on shares of Procter & Gamble in a research report on Thursday, November 8th. Bank of America raised their price target on Procter & Gamble from $92.00 to $95.00 and gave the company a “neutral” rating in a research report on Tuesday, November 6th. ValuEngine upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $88.38.
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About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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