Regent Investment Management LLC Has $5.48 Million Stake in Procter & Gamble Company (The) (NYSE:PG)

Regent Investment Management LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,927 shares of the company’s stock after buying an additional 5,399 shares during the period. Procter & Gamble Company (The) comprises about 1.9% of Regent Investment Management LLC’s investment portfolio, making the stock its 11th largest position. Regent Investment Management LLC’s holdings in Procter & Gamble Company (The) were worth $5,484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cascade Investment Advisors Inc. increased its position in shares of Procter & Gamble Company (The) by 0.5% in the second quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock valued at $296,000 after buying an additional 17 shares during the last quarter. RB Capital Management LLC boosted its position in Procter & Gamble Company (The) by 0.3% in the first quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after buying an additional 20 shares during the period. Paradigm Financial Advisors LLC boosted its position in Procter & Gamble Company (The) by 0.4% in the first quarter. Paradigm Financial Advisors LLC now owns 6,842 shares of the company’s stock valued at $614,000 after buying an additional 25 shares during the period. Cottage Street Advisors LLC boosted its position in Procter & Gamble Company (The) by 0.4% in the first quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock valued at $615,000 after buying an additional 25 shares during the period. Finally, American Economic Planning Group Inc. ADV boosted its stake in shares of Procter & Gamble Company (The) by 0.3% in the first quarter. American Economic Planning Group Inc. ADV now owns 10,827 shares of the company’s stock valued at $973,000 after buying an additional 33 shares during the last quarter. 59.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Procter & Gamble Company (PG) traded down 0.44% during midday trading on Friday, hitting $91.34. 7,094,246 shares of the stock were exchanged. The firm’s 50 day moving average is $89.05 and its 200-day moving average is $88.93. The stock has a market capitalization of $232.92 billion, a price-to-earnings ratio of 16.33 and a beta of 0.68. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $92.08.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The business had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same period in the previous year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts predict that Procter & Gamble Company will post $4.17 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be paid a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is 49.37%.

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A number of analysts recently commented on PG shares. Royal Bank Of Canada restated a “hold” rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a research report on Monday, April 24th. Vetr upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price objective for the company in a research report on Wednesday, April 26th. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $103.00 target price on shares of Procter & Gamble Company (The) in a research note on Wednesday, April 26th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $92.00 target price (up from $90.00) on shares of Procter & Gamble Company (The) in a research note on Saturday, July 22nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $87.81.

In other news, insider Suranjan Magesvaran sold 10,512 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ioannis Skoufalos sold 3,879 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 203,898 shares of company stock worth $17,666,387. Corporate insiders own 0.35% of the company’s stock.

Procter & Gamble Company (The) Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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