Reliant Investment Management LLC Has $339,000 Holdings in Procter & Gamble Co (NYSE:PG)

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Reliant Investment Management LLC trimmed its stake in Procter & Gamble Co (NYSE:PG) by 57.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,835 shares of the company’s stock after selling 3,751 shares during the period. Reliant Investment Management LLC’s holdings in Procter & Gamble were worth $339,000 as of its most recent SEC filing.

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

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

Shares of NYSE PG remained flat at $$138.63 during trading on Tuesday. 4,045,816 shares of the company’s stock were exchanged, compared to its average volume of 8,709,535. Procter & Gamble Co has a one year low of $94.34 and a one year high of $141.70. The stock has a market cap of $345.14 billion, a PE ratio of 27.99, a PEG ratio of 3.45 and a beta of 0.43. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $135.14 and its 200 day moving average is $121.49.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, July 30th. The company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.15. Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The company had revenue of $17.70 billion during the quarter, compared to the consensus estimate of $16.97 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. As a group, equities analysts expect that Procter & Gamble Co will post 5.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were given a dividend of $0.7907 per share. This represents a $3.16 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Thursday, July 23rd. Procter & Gamble’s dividend payout ratio is 61.72%.

In other news, CEO David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $130.22, for a total transaction of $3,906,600.00. Following the completion of the sale, the chief executive officer now owns 273,429 shares in the company, valued at approximately $35,605,924.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Valarie L. Sheppard sold 14,800 shares of Procter & Gamble stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $130.00, for a total transaction of $1,924,000.00. Following the sale, the vice president now owns 39,929 shares of the company’s stock, valued at approximately $5,190,770. The disclosure for this sale can be found here. In the last quarter, insiders have sold 272,757 shares of company stock valued at $36,738,374. 0.70% of the stock is owned by corporate insiders.

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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