Procter & Gamble Co (PG) Stake Decreased by Winthrop Partners WNY LLC

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Winthrop Partners WNY LLC reduced its holdings in Procter & Gamble Co (NYSE:PG) by 7.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,051 shares of the company’s stock after selling 2,263 shares during the quarter. Procter & Gamble comprises 1.8% of Winthrop Partners WNY LLC’s investment portfolio, making the stock its 14th largest position. Winthrop Partners WNY LLC’s holdings in Procter & Gamble were worth $2,112,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PG. IHT Wealth Management LLC lifted its stake in shares of Procter & Gamble by 6.1% in the 1st quarter. IHT Wealth Management LLC now owns 16,982 shares of the company’s stock valued at $1,314,000 after purchasing an additional 981 shares during the period. Garland Capital Management Inc. lifted its stake in shares of Procter & Gamble by 1.3% in the 2nd quarter. Garland Capital Management Inc. now owns 57,592 shares of the company’s stock valued at $4,495,000 after purchasing an additional 730 shares during the period. TNB Financial lifted its stake in shares of Procter & Gamble by 4.6% in the 2nd quarter. TNB Financial now owns 138,374 shares of the company’s stock valued at $10,802,000 after purchasing an additional 6,038 shares during the period. Park National Corp OH lifted its stake in shares of Procter & Gamble by 4.1% in the 2nd quarter. Park National Corp OH now owns 434,144 shares of the company’s stock valued at $33,889,000 after purchasing an additional 16,931 shares during the period. Finally, Heritage Investors Management Corp lifted its stake in shares of Procter & Gamble by 6.1% in the 2nd quarter. Heritage Investors Management Corp now owns 163,714 shares of the company’s stock valued at $12,780,000 after purchasing an additional 9,430 shares during the period. Hedge funds and other institutional investors own 58.36% of the company’s stock.

In other news, Chairman David S. Taylor sold 21,029 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $83.52, for a total value of $1,756,342.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kathleen B. Fish sold 10,342 shares of the business’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $83.20, for a total value of $860,454.40. Following the completion of the transaction, the insider now owns 16,382 shares of the company’s stock, valued at approximately $1,362,982.40. The disclosure for this sale can be found here. Insiders have sold 147,186 shares of company stock valued at $12,080,849 in the last quarter. 1.84% of the stock is owned by company insiders.

Shares of NYSE:PG opened at $79.06 on Friday. The firm has a market cap of $209.82 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 2.68 and a beta of 0.59. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $93.51. 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 (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.04. The business 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%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. As a group, research analysts anticipate that Procter & Gamble Co will post 4.42 EPS for the current year.

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

A number of research analysts have recently commented on PG shares. ValuEngine upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Wells Fargo & Co restated a “hold” rating and issued a $78.00 target price on shares of Procter & Gamble in a research note on Thursday, August 16th. Atlantic Securities started coverage on Procter & Gamble in a research note on Thursday, September 20th. They issued an “overweight” rating and a $94.00 target price for the company. Jefferies Financial Group cut Procter & Gamble to a “hold” rating and set a $79.00 target price for the company. in a research note on Tuesday, July 31st. Finally, UBS Group cut Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $84.53.

Procter & Gamble 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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