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

Visionary Asset Management Inc. reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 6.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,940 shares of the company’s stock after selling 2,449 shares during the period. Visionary Asset Management Inc.’s holdings in Procter & Gamble Company (The) were worth $2,871,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Asset Planning Services Ltd. increased its stake in Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its stake in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after buying an additional 170 shares in the last quarter. Edge Wealth Management LLC increased its stake in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares in the last quarter. Feltz Wealth PLAN Inc. acquired a new stake in Procter & Gamble Company (The) during the first quarter worth $184,000. Finally, Watermark Asset Management Inc. acquired a new stake in Procter & Gamble Company (The) during the first quarter worth $201,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Company (PG) opened at 92.47 on Friday. The company has a market cap of $235.80 billion, a PE ratio of 16.53 and a beta of 0.68. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $92.95. The stock has a 50 day moving average of $89.57 and a 200 day moving average of $89.11.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. The firm had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. Procter & Gamble Company (The)’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Equities research analysts predict that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were issued a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is presently 49.37%.

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PG has been the topic of several recent analyst reports. Vetr raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price objective on the stock in a research report on Wednesday, April 26th. Royal Bank Of Canada reissued a “hold” rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a research report on Monday, April 24th. Jefferies Group LLC reissued a “buy” rating and set a $92.44 price objective (down from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday. Deutsche Bank AG reissued a “hold” rating and set a $92.00 price objective (up from $90.00) on shares of Procter & Gamble Company (The) in a research report on Saturday, July 22nd. Finally, UBS AG reissued a “buy” rating and set a $102.00 price objective (down from $104.00) on shares of Procter & Gamble Company (The) in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $87.48.

In other news, insider Mark F. Biegger sold 2,660 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the transaction, the insider now directly owns 23,133 shares of the company’s stock, valued at approximately $2,129,161.32. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ioannis Skoufalos sold 3,879 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $86.17, for a total value of $334,253.43. The disclosure for this sale can be found here. Insiders sold 127,032 shares of company stock valued at $11,130,014 over the last three months. 0.35% of the stock is currently owned by corporate insiders.

About Procter & Gamble Company (The)

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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