Procter & Gamble Co (PG) Shares Bought by Investment Management of Virginia LLC

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Investment Management of Virginia LLC raised its stake in Procter & Gamble Co (NYSE:PG) by 5.1% in the 2nd quarter, Holdings Channel reports. The firm owned 44,243 shares of the company’s stock after acquiring an additional 2,149 shares during the period. Investment Management of Virginia LLC’s holdings in Procter & Gamble were worth $3,454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Franklin Resources Inc. boosted its holdings in shares of Procter & Gamble by 63.1% in the 1st 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 during the period. BlackRock Inc. boosted its holdings in shares of Procter & Gamble by 1.9% in the 1st 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 during the period. C WorldWide Group Holding A S acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at about $113,258,000. Unigestion Holding SA acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at about $112,171,000. Finally, Schroder Investment Management Group boosted its holdings in shares of Procter & Gamble by 31.6% in the 1st 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 during the period. 58.54% of the stock is owned by institutional investors.

In other Procter & Gamble news, insider Kathleen B. Fish sold 10,342 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $83.20, for a total transaction of $860,454.40. Following the sale, the insider now directly owns 16,382 shares in the company, valued at approximately $1,362,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider R. Alexandra Keith sold 1,463 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $89.89, for a total transaction of $131,509.07. Following the sale, the insider now owns 45,018 shares in the company, valued at $4,046,668.02. The disclosure for this sale can be found here. Insiders have sold a total of 73,477 shares of company stock valued at $6,125,522 over the last three months. 1.84% of the stock is currently owned by company insiders.

PG has been the subject of several research reports. UBS Group lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 price target for the company. in a report on Wednesday, July 18th. Citigroup decreased their price target on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating for the company in a report on Friday, July 20th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Procter & Gamble in a report on Tuesday, July 31st. Jefferies Financial Group lowered shares of Procter & Gamble to a “hold” rating and set a $79.00 price target for the company. in a report on Tuesday, July 31st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Procter & Gamble in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $88.00.

Procter & Gamble stock opened at $91.51 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. The stock has a market cap of $226.41 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.95 and a beta of 0.37. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $93.14.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. The firm had revenue of $16.69 billion during the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. Procter & Gamble’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. Equities analysts forecast that Procter & Gamble Co will post 4.41 EPS for the current fiscal year.

The company also recently announced 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 3.13%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s payout ratio is 68.01%.

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

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