Meeder Asset Management Inc. Has $399,000 Stake in Procter & Gamble Company (The) (PG)

Meeder Asset Management Inc. trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 14.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,580 shares of the company’s stock after selling 760 shares during the quarter. Meeder Asset Management Inc.’s holdings in Procter & Gamble Company (The) were worth $399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Asset Planning Services Ltd. grew its position in shares of Procter & Gamble Company (The) by 79.7% in the 1st quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after buying an additional 526 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its position in shares of Procter & Gamble Company (The) by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after buying an additional 170 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new position in shares of Procter & Gamble Company (The) in the 1st quarter valued at $184,000. Watermark Asset Management Inc. purchased a new position in shares of Procter & Gamble Company (The) in the 1st quarter valued at $201,000. Finally, Security National Bank of SO Dak purchased a new position in shares of Procter & Gamble Company (The) in the 1st quarter valued at $206,000. Institutional investors and hedge funds own 59.30% of the company’s stock.

Procter & Gamble Company (NYSE:PG) traded down 1.137% during mid-day trading on Tuesday, hitting $91.073. 11,675,808 shares of the stock traded hands. The stock has a 50-day moving average of $92.60 and a 200 day moving average of $89.74. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $94.67. The firm has a market cap of $232.24 billion, a price-to-earnings ratio of 16.283 and a beta of 0.67.

Procter & Gamble Company (The) (NYSE:PG) last released its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating 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 firm had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. During the same quarter in the previous year, the firm 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, equities analysts expect that Procter & Gamble Company will post $4.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be paid a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 2.99%. Procter & Gamble Company (The)’s payout ratio is 49.37%.

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In other news, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David S. Taylor sold 6,382 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $587,399.28. Following the transaction, the chief executive officer now owns 134,884 shares of the company’s stock, valued at approximately $12,414,723.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,792 shares of company stock valued at $4,216,070. 0.35% of the stock is owned by insiders.

A number of research analysts recently commented on PG shares. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Procter & Gamble Company (The) in a research report on Wednesday, October 4th. 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 report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Vetr downgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 target price on the stock. in a research report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $90.00.

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.

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

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