Brown Advisory Securities LLC Sells 1,265 Shares of Procter & Gamble Company (The) (NYSE:PG)

Brown Advisory Securities LLC decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,347 shares of the company’s stock after selling 1,265 shares during the period. Procter & Gamble Company (The) comprises 1.9% of Brown Advisory Securities LLC’s investment portfolio, making the stock its 5th largest position. Brown Advisory Securities LLC’s holdings in Procter & Gamble Company (The) were worth $7,764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Planning Services Ltd. raised its stake in shares of Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its stake in shares of Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after buying an additional 170 shares during the last quarter. Edge Wealth Management LLC raised its stake in shares of Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of Procter & Gamble Company (The) during the first quarter worth about $184,000. Finally, Intellectus Partners LLC purchased a new stake in shares of Procter & Gamble Company (The) during the fourth quarter worth about $215,000. Institutional investors and hedge funds own 59.69% of the company’s stock.

Shares of Procter & Gamble Company (NYSE:PG) traded down 0.060% during trading on Thursday, hitting $91.865. The stock had a trading volume of 1,124,545 shares. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.00. The stock has a market cap of $234.26 billion, a P/E ratio of 16.425 and a beta of 0.68. The stock’s 50 day moving average price is $88.92 and its 200-day moving average price is $88.88. Procter & Gamble Company (The) also was the target of some unusual options trading activity on Monday. Investors acquired 35,861 call options on the company. This represents an increase of 509% compared to the average volume of 5,886 call options.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. During the same period last year, the business earned $0.79 EPS. The company’s revenue was down .1% on a year-over-year basis. Analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be issued a $0.6896 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.00%. Procter & Gamble Company (The)’s payout ratio is 49.37%.

COPYRIGHT VIOLATION WARNING: This story was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/2799098/brown-advisory-securities-llc-sells-1265-shares-of-procter-gamble-company-the-nysepg.html.

PG has been the subject of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $103.00 price target (up previously from $101.00) on shares of Procter & Gamble Company (The) in a report on Tuesday, April 18th. Vetr upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price target for the company in a report on Wednesday, April 26th. UBS AG reiterated a “buy” rating and issued a $102.00 price target (down previously from $104.00) on shares of Procter & Gamble Company (The) in a report on Friday, April 28th. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Tuesday, August 1st. Finally, Capital One Financial Corporation lowered Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $5.00 to $2.00 in a report on Thursday, June 22nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $88.21.

In related news, insider Patrice Louvet sold 62,350 shares of Procter & Gamble Company (The) stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $86.27, for a total transaction of $5,378,934.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ioannis Skoufalos sold 3,879 shares of Procter & Gamble Company (The) stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. Insiders sold a total of 203,898 shares of company stock worth $17,666,387 over the last 90 days. Company insiders own 0.35% of the company’s stock.

Procter & Gamble Company (The) Company 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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.