Neuberger Berman Group LLC Acquires 672,795 Shares of Procter & Gamble Co (NYSE:PG)

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Neuberger Berman Group LLC lifted its holdings in Procter & Gamble Co (NYSE:PG) by 45.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,142,737 shares of the company’s stock after purchasing an additional 672,795 shares during the quarter. Neuberger Berman Group LLC’s holdings in Procter & Gamble were worth $256,111,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado grew its position in shares of Procter & Gamble by 4.5% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 472,285 shares of the company’s stock worth $51,951,000 after buying an additional 20,462 shares during the period. Dempze Nancy E grew its position in shares of Procter & Gamble by 5.0% during the 1st quarter. Dempze Nancy E now owns 21,528 shares of the company’s stock worth $2,368,000 after buying an additional 1,032 shares during the period. Hamel Associates Inc. grew its position in shares of Procter & Gamble by 15.0% during the 1st quarter. Hamel Associates Inc. now owns 77,460 shares of the company’s stock worth $8,522,000 after buying an additional 10,112 shares during the period. Allen Investment Management LLC grew its position in shares of Procter & Gamble by 0.6% during the 1st quarter. Allen Investment Management LLC now owns 63,014 shares of the company’s stock worth $6,932,000 after buying an additional 399 shares during the period. Finally, Leisure Capital Management grew its position in shares of Procter & Gamble by 15.7% during the 1st quarter. Leisure Capital Management now owns 18,527 shares of the company’s stock worth $2,038,000 after buying an additional 2,517 shares during the period. 62.81% of the stock is owned by hedge funds and other institutional investors.

PG traded down $0.41 during trading hours on Tuesday, reaching $138.22. The company’s stock had a trading volume of 201,831 shares, compared to its average volume of 8,735,884. Procter & Gamble Co has a 52 week low of $94.34 and a 52 week high of $141.70. The company’s 50-day moving average is $135.14 and its 200-day moving average is $121.49. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.68 and a current ratio of 0.85. The firm has a market cap of $345.14 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The business had revenue of $17.70 billion for the quarter, compared to analysts’ expectations of $16.97 billion. During the same quarter in the prior year, the business earned $1.10 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts anticipate that Procter & Gamble Co will post 5.4 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, July 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.

Several equities analysts recently issued reports on PG shares. Jefferies Financial Group boosted their price objective on Procter & Gamble from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Morgan Stanley reiterated a “buy” rating and issued a $144.00 price objective on shares of Procter & Gamble in a research report on Tuesday, August 18th. Deutsche Bank boosted their price objective on Procter & Gamble from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, July 27th. SunTrust Banks boosted their price objective on Procter & Gamble from $115.00 to $120.00 in a research report on Wednesday, July 22nd. Finally, Barclays reiterated a “buy” rating on shares of Procter & Gamble in a research report on Sunday, August 2nd. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $133.67.

In other Procter & Gamble news, VP Valarie L. Sheppard sold 2,922 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $136.53, for a total transaction of $398,940.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Valarie L. Sheppard sold 14,800 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $130.00, for a total value of $1,924,000.00. Following the transaction, the vice president now owns 39,929 shares in the company, valued at approximately $5,190,770. The disclosure for this sale can be found here. In the last 90 days, insiders sold 272,757 shares of company stock worth $36,738,374. 0.70% of the stock is owned by company insiders.

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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