Empirical Financial Services LLC increased its position in Procter & Gamble Company (The) (NYSE:PG) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,848 shares of the company’s stock after purchasing an additional 436 shares during the period. Empirical Financial Services LLC’s holdings in Procter & Gamble were worth $771,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Karp Capital Management Corp bought a new position in Procter & Gamble during the 1st quarter valued at $126,275,000. American Century Companies Inc. lifted its stake in Procter & Gamble by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock valued at $1,088,573,000 after acquiring an additional 934,179 shares in the last quarter. Bank of Nova Scotia lifted its stake in Procter & Gamble by 232.6% during the 1st quarter. Bank of Nova Scotia now owns 1,227,101 shares of the company’s stock valued at $110,256,000 after acquiring an additional 858,200 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Procter & Gamble by 4.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 11,549,179 shares of the company’s stock valued at $1,006,511,000 after acquiring an additional 533,340 shares in the last quarter. Finally, Private Vista LLC lifted its stake in Procter & Gamble by 5,441.2% during the 2nd quarter. Private Vista LLC now owns 525,859 shares of the company’s stock valued at $322,000 after acquiring an additional 516,369 shares in the last quarter. Institutional investors own 59.54% of the company’s stock.
Procter & Gamble Company (NYSE:PG) traded down $0.15 during midday trading on Thursday, hitting $91.25. The stock had a trading volume of 6,737,300 shares, compared to its average volume of 7,380,761. The company has a market cap of $231,877.97, a PE ratio of 22.97, a price-to-earnings-growth ratio of 2.94 and a beta of 0.67. Procter & Gamble Company has a 12 month low of $82.71 and a 12 month high of $94.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were issued a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.02%. The ex-dividend date was Thursday, October 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 48.51%.
Several brokerages have weighed in on PG. Jefferies Group restated a “buy” rating and set a $92.44 price objective (down from $103.00) on shares of Procter & Gamble in a research note on Thursday, August 17th. BidaskClub upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective on the stock in a research note on Monday, October 23rd. Bank of America raised their price objective on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Finally, Stifel Nicolaus set a $87.00 price objective on Procter & Gamble and gave the company a “hold” rating in a research note on Friday, October 20th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $87.81.
In related news, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of Procter & Gamble stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares of the company’s stock, valued at approximately $7,438,065. The disclosure for this sale can be found here. In the last three months, insiders sold 21,575 shares of company stock valued at $1,927,095. 0.35% of the stock is currently owned by insiders.
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About Procter & Gamble
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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