Stanley Laman Group Ltd. Takes Position in Procter & Gamble Company (The) (PG)

Stanley Laman Group Ltd. purchased a new position in Procter & Gamble Company (The) (NYSE:PG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,187 shares of the company’s stock, valued at approximately $2,631,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PG. Holderness Investments Co. raised its position in Procter & Gamble by 78.2% during the first quarter. Holderness Investments Co. now owns 21,467 shares of the company’s stock valued at $1,929,000 after acquiring an additional 9,419 shares in the last quarter. Trillium Asset Management LLC raised its position in Procter & Gamble by 2.0% during the second quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock valued at $14,842,000 after acquiring an additional 3,387 shares in the last quarter. Barrett Asset Management LLC raised its position in Procter & Gamble by 3.3% during the second quarter. Barrett Asset Management LLC now owns 137,397 shares of the company’s stock valued at $11,974,000 after acquiring an additional 4,325 shares in the last quarter. Thomaspartners Inc. raised its position in Procter & Gamble by 9.9% during the first quarter. Thomaspartners Inc. now owns 2,483,566 shares of the company’s stock valued at $223,148,000 after acquiring an additional 224,714 shares in the last quarter. Finally, Whittier Trust Co. raised its position in Procter & Gamble by 0.7% during the second quarter. Whittier Trust Co. now owns 287,996 shares of the company’s stock valued at $25,099,000 after acquiring an additional 2,113 shares in the last quarter. 59.54% of the stock is owned by institutional investors and hedge funds.

PG has been the topic of several recent research reports. Stifel Nicolaus set a $87.00 price objective on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Friday, October 20th. Goldman Sachs Group reiterated a “sell” rating on shares of Procter & Gamble in a report on Wednesday, October 4th. Jefferies Group reiterated a “buy” rating and set a $104.00 price target on shares of Procter & Gamble in a report on Tuesday, October 10th. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target on the stock in a report on Monday, October 23rd. Finally, BidaskClub upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $87.81.

In other news, insider R. Alexandra Keith sold 1,298 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Carolyn M. Tastad sold 5,300 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.18, for a total transaction of $472,654.00. Following the completion of the sale, the insider now owns 57,191 shares in the company, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,575 shares of company stock worth $1,927,095. 0.35% of the stock is currently owned by corporate insiders.

Shares of Procter & Gamble Company (NYSE:PG) traded up $0.37 during trading on Monday, hitting $90.36. 7,953,200 shares of the stock traded hands, compared to its average volume of 7,370,925. The firm has a market capitalization of $229,239.53, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 2.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble Company has a twelve month low of $82.07 and a twelve month high of $94.67.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were paid a $0.6896 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.05%. Procter & Gamble’s payout ratio is 48.51%.

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Procter & Gamble 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 (NYSE:PG)

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