Procter & Gamble Co (PG) Shares Sold by Kidder Stephen W

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Kidder Stephen W reduced its position in Procter & Gamble Co (NYSE:PG) by 8.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,274 shares of the company’s stock after selling 7,810 shares during the quarter. Procter & Gamble comprises approximately 2.6% of Kidder Stephen W’s portfolio, making the stock its 14th biggest position. Kidder Stephen W’s holdings in Procter & Gamble were worth $6,891,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Boston Research & Management Inc. raised its stake in shares of Procter & Gamble by 8.4% during the second quarter. Boston Research & Management Inc. now owns 41,252 shares of the company’s stock worth $3,220,000 after purchasing an additional 3,200 shares during the last quarter. Watch Point Trust Co raised its stake in shares of Procter & Gamble by 12.5% during the second quarter. Watch Point Trust Co now owns 24,498 shares of the company’s stock worth $1,913,000 after purchasing an additional 2,724 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Procter & Gamble by 15.9% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,000 shares of the company’s stock worth $624,000 after purchasing an additional 1,100 shares during the last quarter. RB Capital Management LLC raised its stake in shares of Procter & Gamble by 9.7% during the second quarter. RB Capital Management LLC now owns 13,271 shares of the company’s stock worth $1,036,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Lyell Wealth Management LP raised its stake in shares of Procter & Gamble by 35.9% during the second quarter. Lyell Wealth Management LP now owns 4,224 shares of the company’s stock worth $330,000 after purchasing an additional 1,115 shares during the last quarter. 58.36% of the stock is owned by institutional investors and hedge funds.

NYSE:PG opened at $79.06 on Friday. The firm has a market capitalization of $209.82 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 2.68 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.83 and a quick ratio of 0.66. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $93.51.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.04. The firm had revenue of $16.50 billion during the quarter, compared to analysts’ expectations of $16.52 billion. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. Procter & Gamble’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. As a group, sell-side analysts anticipate that Procter & Gamble Co will post 4.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Friday, October 19th will be given a $0.7172 dividend. This represents a $2.87 annualized dividend and a yield of 3.63%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s payout ratio is 68.01%.

Several research firms have recently commented on PG. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Deutsche Bank upped their price target on Procter & Gamble from $81.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Bank of America upped their price target on Procter & Gamble from $82.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, October 4th. Wells Fargo & Co restated a “hold” rating on shares of Procter & Gamble in a research note on Tuesday, July 31st. Finally, Citigroup cut their price target on Procter & Gamble from $98.00 to $89.00 and set a “buy” rating for the company in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $84.53.

In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 2,873 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $81.35, for a total value of $233,718.55. Following the completion of the transaction, the insider now owns 113,638 shares in the company, valued at $9,244,451.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathleen B. Fish sold 26,946 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $80.55, for a total value of $2,170,500.30. The disclosure for this sale can be found here. Insiders sold 147,186 shares of company stock valued at $12,080,849 in the last quarter. 1.84% of the stock is currently owned by company insiders.

Procter & Gamble Company Profile

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

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