Berkeley Capital Partners LLC Has $536,000 Position in Procter & Gamble Company (The) (PG)

Berkeley Capital Partners LLC lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 35.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,148 shares of the company’s stock after selling 3,352 shares during the period. Berkeley Capital Partners LLC’s holdings in Procter & Gamble Company (The) were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Riggs Asset Managment Co. Inc. grew its holdings in Procter & Gamble Company (The) by 11.9% in the first 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. Winfield Associates Inc. grew its holdings in Procter & Gamble Company (The) by 0.7% in the second 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. Watermark Asset Management Inc. acquired a new stake in Procter & Gamble Company (The) in the first quarter worth $201,000. Security National Bank of SO Dak acquired a new stake in Procter & Gamble Company (The) in the first quarter worth $206,000. Finally, Proficio Capital Partners LLC grew its holdings in Procter & Gamble Company (The) by 85.5% in the first 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 period. 59.73% of the stock is owned by institutional investors and hedge funds.

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In other Procter & Gamble Company (The) news, insider Carolyn M. Tastad sold 5,300 shares of Procter & Gamble Company (The) stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.18, for a total value of $472,654.00. Following the sale, the insider now owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble Company (The) stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $92.98, for a total transaction of $265,550.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,694 shares of company stock worth $2,987,000. Insiders own 0.35% of the company’s stock.

A number of research firms have commented on PG. Vetr cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating and set a $90.38 price target for the company. in a report on Tuesday, November 7th. Macquarie began coverage on shares of Procter & Gamble Company (The) in a report on Thursday, September 14th. They issued an “outperform” rating and a $102.00 price target for the company. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Morgan Stanley reduced their price objective on shares of Procter & Gamble Company (The) from $91.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, October 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $92.44 price objective (down from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. 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 company. The company presently has a consensus rating of “Hold” and a consensus target price of $88.69.

Procter & Gamble Company (NYSE:PG) opened at $88.87 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $94.67. The firm has a market cap of $225,789.27, a PE ratio of 22.36, a P/E/G ratio of 2.87 and a beta of 0.66.

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 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 firm’s revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. research analysts predict that Procter & Gamble Company will post 4.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be given a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, October 19th. Procter & Gamble Company (The)’s dividend payout ratio is 48.51%.

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.

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

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