Wedgewood Investors Inc. PA Sells 200 Shares of Procter & Gamble Company (The) (PG)

Wedgewood Investors Inc. PA trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,587 shares of the company’s stock after selling 200 shares during the period. Procter & Gamble Company (The) accounts for 1.0% of Wedgewood Investors Inc. PA’s portfolio, making the stock its 28th biggest position. Wedgewood Investors Inc. PA’s holdings in Procter & Gamble Company (The) were worth $1,184,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PG. Quotient Investors LLC boosted its holdings in Procter & Gamble Company (The) by 87.5% in the first quarter. Quotient Investors LLC now owns 16,832 shares of the company’s stock worth $1,512,000 after acquiring an additional 7,856 shares in the last quarter. Ledyard National Bank boosted its holdings in Procter & Gamble Company (The) by 21.7% in the first quarter. Ledyard National Bank now owns 114,778 shares of the company’s stock worth $10,312,000 after acquiring an additional 20,436 shares in the last quarter. Bollard Group LLC boosted its holdings in Procter & Gamble Company (The) by 18.9% in the first quarter. Bollard Group LLC now owns 27,052 shares of the company’s stock worth $2,431,000 after acquiring an additional 4,297 shares in the last quarter. Johanson Financial Advisors Inc. bought a new stake in Procter & Gamble Company (The) in the first quarter worth $1,408,000. Finally, Gemmer Asset Management LLC boosted its holdings in Procter & Gamble Company (The) by 53.0% in the first quarter. Gemmer Asset Management LLC now owns 5,401 shares of the company’s stock worth $485,000 after acquiring an additional 1,870 shares in the last quarter. 59.74% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on PG shares. Zacks Investment Research raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Tuesday, August 1st. Vetr downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 target price on the stock. in a report on Monday, July 3rd. Stifel Nicolaus set a $87.00 target price on Procter & Gamble Company (The) and gave the stock a “hold” rating in a report on Friday, October 20th. Jefferies Group LLC reissued a “buy” rating and issued a $104.00 target price on shares of Procter & Gamble Company (The) in a report on Tuesday, October 10th. Finally, BidaskClub downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $88.83.

In other Procter & Gamble Company (The) news, insider Mark F. Biegger sold 2,660 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $244,826.40. Following the transaction, the insider now owns 23,133 shares in the company, valued at approximately $2,129,161.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $92.98, for a total transaction of $265,550.88. The disclosure for this sale can be found here. Insiders have sold a total of 38,136 shares of company stock worth $3,525,029 in the last 90 days. Company insiders own 0.35% of the company’s stock.

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Shares of Procter & Gamble Company (NYSE:PG) opened at 86.27 on Tuesday. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.67. The stock has a market cap of $219.99 billion, a PE ratio of 15.42 and a beta of 0.67. The company’s 50-day moving average price is $91.50 and its 200-day moving average price is $89.73.

Procter & Gamble Company (The) (NYSE:PG) last posted its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.35%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, October 20th will be issued a dividend of $0.6896 per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.20%. Procter & Gamble Company (The)’s payout ratio is 48.51%.

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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