Independent Order of Foresters Reduces Stake in Procter & Gamble Company (The) (PG)

Independent Order of Foresters cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 25.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,226 shares of the company’s stock after selling 770 shares during the quarter. Independent Order of Foresters’ holdings in Procter & Gamble Company (The) were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in shares of Procter & Gamble Company (The) by 4.5% in the second quarter. Fisher Asset Management LLC now owns 8,635,829 shares of the company’s stock worth $752,613,000 after acquiring an additional 370,067 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Procter & Gamble Company (The) by 0.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,803,068 shares of the company’s stock worth $701,106,000 after purchasing an additional 69,511 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Procter & Gamble Company (The) by 2.4% in the second quarter. Acadian Asset Management LLC now owns 4,532,526 shares of the company’s stock worth $395,010,000 after purchasing an additional 106,509 shares in the last quarter. TD Asset Management Inc. boosted its holdings in Procter & Gamble Company (The) by 1.6% in the second quarter. TD Asset Management Inc. now owns 4,448,094 shares of the company’s stock worth $387,652,000 after purchasing an additional 68,266 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Procter & Gamble Company (The) by 0.9% in the first quarter. Clearbridge Investments LLC now owns 4,216,380 shares of the company’s stock worth $378,842,000 after purchasing an additional 36,104 shares in the last quarter. 59.74% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on PG shares. Jefferies Group LLC reiterated a “buy” rating and issued a $103.00 price objective on shares of Procter & Gamble Company (The) in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Tuesday, August 1st. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Bank of America Corporation upped their price objective on shares of Procter & Gamble Company (The) from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Finally, Vetr upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $93.02 price objective for the company in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. Procter & Gamble Company (The) currently has a consensus rating of “Hold” and an average price target of $88.83.

In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $92.98, for a total value of $265,550.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark F. Biegger sold 2,660 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. In the last quarter, insiders sold 38,136 shares of company stock valued at $3,525,029. 0.35% of the stock is owned by corporate insiders.

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Shares of Procter & Gamble Company (NYSE:PG) opened at $86.58 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75. Procter & Gamble Company has a one year low of $81.18 and a one year high of $94.67. The firm has a market cap of $219,649.83, a PE ratio of 21.75, a P/E/G ratio of 2.79 and a beta of 0.66.

Procter & Gamble Company (The) (NYSE:PG) last released 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. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.35%. The business had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. During the same quarter last year, the company earned $1.03 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. research analysts forecast that Procter & Gamble Company will post 4.16 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, October 20th will be paid a $0.6896 dividend. This represents a $2.76 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, October 19th. Procter & Gamble Company (The)’s payout ratio is presently 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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