The Procter & Gamble Company (NYSE:PG) Shares Sold by BTR Capital Management Inc.

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BTR Capital Management Inc. trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 101,397 shares of the company’s stock after selling 1,160 shares during the period. The Procter & Gamble accounts for about 2.5% of BTR Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. BTR Capital Management Inc.’s holdings in The Procter & Gamble were worth $14,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Command Bank grew its stake in The Procter & Gamble by 41.0% in the 2nd quarter. First Command Bank now owns 23,980 shares of the company’s stock valued at $2,868,000 after acquiring an additional 6,970 shares during the last quarter. CAPROCK Group Inc. grew its stake in The Procter & Gamble by 2.9% in the 2nd quarter. CAPROCK Group Inc. now owns 49,554 shares of the company’s stock valued at $5,925,000 after acquiring an additional 1,401 shares during the last quarter. Samalin Investment Counsel LLC grew its stake in The Procter & Gamble by 16.8% in the 2nd quarter. Samalin Investment Counsel LLC now owns 8,641 shares of the company’s stock valued at $1,033,000 after acquiring an additional 1,244 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in The Procter & Gamble by 3.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 5,274 shares of the company’s stock valued at $631,000 after acquiring an additional 162 shares during the last quarter. Finally, CWS Financial Advisors LLC grew its stake in The Procter & Gamble by 195.8% in the 2nd quarter. CWS Financial Advisors LLC now owns 16,267 shares of the company’s stock valued at $1,945,000 after acquiring an additional 10,768 shares during the last quarter. 62.81% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on PG. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Procter & Gamble from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Berenberg Bank raised their price target on shares of The Procter & Gamble from $136.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday. SunTrust Banks raised their price target on shares of The Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Morgan Stanley raised their price target on shares of The Procter & Gamble from $144.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, October 5th. Finally, Jefferies Financial Group raised their price target on shares of The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $137.87.

In related news, VP Valarie L. Sheppard sold 4,688 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $138.28, for a total value of $648,256.64. Following the transaction, the vice president now owns 26,704 shares in the company, valued at $3,692,629.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Theresa Grabowski sold 21,431 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $130.00, for a total transaction of $2,786,030.00. Following the completion of the transaction, the insider now owns 55,013 shares in the company, valued at approximately $7,151,690. The disclosure for this sale can be found here. Insiders sold 272,757 shares of company stock worth $36,738,374 in the last 90 days. 0.70% of the stock is currently owned by insiders.

Shares of PG stock traded up $0.56 during trading hours on Friday, hitting $144.39. 6,807,859 shares of the company were exchanged, compared to its average volume of 8,382,961. The firm has a market cap of $359.48 billion, a PE ratio of 29.11, a PEG ratio of 3.45 and a beta of 0.43. The Procter & Gamble Company has a 1 year low of $94.34 and a 1 year high of $145.87. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average of $138.93 and a 200 day moving average of $125.52.

The Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.15. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The firm had revenue of $17.70 billion for the quarter, compared to analyst estimates of $16.97 billion. During the same quarter last year, the firm posted $1.10 earnings per share. The Procter & Gamble’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts expect that The Procter & Gamble Company will post 5.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be issued a $0.7907 dividend. The ex-dividend date is Thursday, October 22nd. This represents a $3.16 annualized dividend and a yield of 2.19%. The Procter & Gamble’s payout ratio is 61.72%.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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