Northern Oak Wealth Management Inc. Sells 3,420 Shares of Procter & Gamble Company (The) (PG)

Northern Oak Wealth Management Inc. cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 11.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,451 shares of the company’s stock after selling 3,420 shares during the quarter. Northern Oak Wealth Management Inc.’s holdings in Procter & Gamble Company (The) were worth $2,377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Asset Planning Services Ltd. raised its position in 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 acquiring an additional 526 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its position in 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 acquiring an additional 170 shares in the last quarter. Edge Wealth Management LLC raised its position in 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 acquiring an additional 240 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new position in Procter & Gamble Company (The) in the first quarter worth $184,000. Finally, Security National Bank of SO Dak purchased a new position in Procter & Gamble Company (The) in the first quarter worth $206,000. 59.33% of the stock is owned by hedge funds and other institutional investors.

In other Procter & Gamble Company (The) news, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total value of $1,869,213.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David S. Taylor sold 6,382 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $587,399.28. Following the completion of the transaction, the chief executive officer now directly owns 134,884 shares in the company, valued at $12,414,723.36. The disclosure for this sale can be found here. Insiders have sold 45,792 shares of company stock worth $4,216,070 over the last three months. 0.35% of the stock is owned by insiders.

Several research analysts have issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $92.44 price objective (down previously from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday, August 17th. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Deutsche Bank AG reiterated a “hold” rating and issued a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research report on Saturday, July 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 6th. Finally, Zacks Investment Research cut Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $88.10.

Shares of Procter & Gamble Company (PG) traded up 0.134% during mid-day trading on Wednesday, reaching $93.635. The company’s stock had a trading volume of 1,776,823 shares. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.19. The firm’s 50 day moving average is $91.73 and its 200-day moving average is $89.51. The company has a market capitalization of $238.77 billion, a PE ratio of 16.741 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.07. The firm had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. Procter & Gamble Company (The)’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 earnings per share. Analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were given a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 2.95%. The ex-dividend date was Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is 49.37%.

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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.

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

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