Thomas Story & Son LLC Trims Stock Position in Procter & Gamble Co (NYSE:PG)

Thomas Story & Son LLC cut its holdings in shares of Procter & Gamble Co (NYSE:PG) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,106 shares of the company’s stock after selling 3,399 shares during the period. Procter & Gamble makes up approximately 5.3% of Thomas Story & Son LLC’s investment portfolio, making the stock its 6th largest holding. Thomas Story & Son LLC’s holdings in Procter & Gamble were worth $10,212,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Phocas Financial Corp. increased its position in Procter & Gamble by 999,937.0% during the second quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock worth $779,000 after buying an additional 71,055,523 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Procter & Gamble by 6,899.0% in the second quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock valued at $2,019,412,000 after purchasing an additional 18,153,758 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Procter & Gamble by 1.8% in the second quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock valued at $23,954,054,000 after purchasing an additional 3,786,962 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Procter & Gamble by 49.8% in the second quarter. AQR Capital Management LLC now owns 9,086,135 shares of the company’s stock valued at $996,295,000 after purchasing an additional 3,019,494 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Procter & Gamble by 1.5% in the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after purchasing an additional 2,470,382 shares during the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.

A number of brokerages recently issued reports on PG. TheStreet raised Procter & Gamble from a “c+” rating to a “b+” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Morgan Stanley increased their price target on Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada reissued a “neutral” rating and set a $89.00 price target on shares of Procter & Gamble in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their price target on Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $116.71.

In related news, Vice Chairman Jon R. Moeller sold 141,575 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $118.05, for a total value of $16,712,928.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 26,075 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $124.96, for a total value of $3,258,332.00. Following the completion of the sale, the insider now owns 139,066 shares of the company’s stock, valued at $17,377,687.36. The disclosure for this sale can be found here. Insiders sold a total of 1,645,966 shares of company stock valued at $202,229,770 over the last quarter. 1.75% of the stock is owned by corporate insiders.

Shares of PG traded up $0.08 during trading hours on Friday, reaching $119.70. The stock had a trading volume of 4,181,176 shares, compared to its average volume of 7,798,948. Procter & Gamble Co has a 12 month low of $86.74 and a 12 month high of $125.77. The stock has a market capitalization of $296.51 billion, a PE ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. The company’s 50-day moving average is $121.95 and its two-hundred day moving average is $115.01.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The company had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same period in the prior year, the company earned $1.12 EPS. Procter & Gamble’s revenue was up 6.6% compared to the same quarter last year. Equities analysts anticipate that Procter & Gamble Co will post 4.93 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, October 17th. Procter & Gamble’s payout ratio is 65.93%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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