Page Arthur B Sells 1,855 Shares of Procter & Gamble Company (The) (PG)

Page Arthur B reduced its stake in Procter & Gamble Company (The) (NYSE:PG) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,176 shares of the company’s stock after selling 1,855 shares during the period. Procter & Gamble Company (The) comprises 3.4% of Page Arthur B’s investment portfolio, making the stock its 7th largest position. Page Arthur B’s holdings in Procter & Gamble Company (The) were worth $3,426,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Procter & Gamble Company (The) by 1.8% in the second quarter. Vanguard Group Inc. now owns 167,926,302 shares of the company’s stock valued at $14,218,321,000 after buying an additional 3,029,476 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Procter & Gamble Company (The) by 198.8% in the third quarter. BNP Paribas Arbitrage SA now owns 4,367,095 shares of the company’s stock valued at $391,947,000 after buying an additional 2,905,755 shares during the period. APG Asset Management N.V. increased its position in shares of Procter & Gamble Company (The) by 71.9% in the third quarter. APG Asset Management N.V. now owns 5,894,436 shares of the company’s stock valued at $529,026,000 after buying an additional 2,465,900 shares during the period. Neuberger Berman Group LLC increased its position in shares of Procter & Gamble Company (The) by 39.4% in the second quarter. Neuberger Berman Group LLC now owns 5,322,932 shares of the company’s stock valued at $450,693,000 after buying an additional 1,503,614 shares during the period. Finally, TD Asset Management Inc. increased its position in shares of Procter & Gamble Company (The) by 38.3% in the third quarter. TD Asset Management Inc. now owns 4,371,494 shares of the company’s stock valued at $392,342,000 after buying an additional 1,211,300 shares during the period. Institutional investors own 68.43% of the company’s stock.

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

Shares of Procter & Gamble Company (NYSE:PG) opened at 87.97 on Friday. Procter & Gamble Company has a one year low of $79.10 and a one year high of $90.33. The stock has a market cap of $224.89 billion, a PE ratio of 16.12 and a beta of 0.64. The company has a 50-day moving average of $85.91 and a 200 day moving average of $86.13.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results on Friday, January 20th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.06 by $0.02. Procter & Gamble Company (The) had a net margin of 23.44% and a return on equity of 18.58%. The business earned $16.90 billion during the quarter. During the same quarter in the prior year, the firm posted $1.04 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts predict that Procter & Gamble Company will post $3.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th will be issued a $0.6695 dividend. The ex-dividend date of this dividend is Wednesday, January 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.04%. Procter & Gamble Company (The)’s dividend payout ratio is currently 48.73%.

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PG has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $106.00 price objective on shares of Procter & Gamble Company (The) in a research note on Monday, November 21st. RBC Capital Markets set a $76.00 price objective on shares of Procter & Gamble Company (The) and gave the company a “hold” rating in a research note on Monday, January 2nd. Goldman Sachs Group, Inc. (The) downgraded shares of Procter & Gamble Company (The) from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $86.00 to $77.00 in a research note on Monday, January 9th. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Finally, Jefferies Group LLC set a $93.00 price objective on shares of Procter & Gamble Company (The) and gave the company a “buy” rating in a research note on Monday, November 21st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Procter & Gamble Company (The) currently has an average rating of “Hold” and an average price target of $90.02.

In related news, insider Marc S. Pritchard sold 47,252 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $87.14, for a total transaction of $4,117,539.28. Following the completion of the transaction, the insider now owns 151,643 shares in the company, valued at approximately $13,214,171.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Valarie L. Sheppard sold 20,910 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $87.00, for a total transaction of $1,819,170.00. Following the transaction, the senior vice president now owns 37,835 shares of the company’s stock, valued at approximately $3,291,645. The disclosure for this sale can be found here. In the last 90 days, insiders sold 205,505 shares of company stock valued at $17,996,316. Company insiders own 0.35% of the company’s stock.

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.

5 Day Chart for NYSE:PG

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