Procter & Gamble Co (PG) Shares Bought by West Coast Financial LLC

West Coast Financial LLC increased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 10.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,941 shares of the company’s stock after buying an additional 814 shares during the quarter. West Coast Financial LLC’s holdings in Procter & Gamble were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Capital Research Global Investors grew its stake in Procter & Gamble by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after purchasing an additional 5,278,359 shares in the last quarter. Janus Henderson Group PLC grew its stake in Procter & Gamble by 1,244.6% in the second quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock valued at $392,226,000 after purchasing an additional 4,165,862 shares in the last quarter. Vanguard Group Inc. grew its stake in Procter & Gamble by 2.3% in the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares in the last quarter. BlackRock Inc. grew its stake in Procter & Gamble by 1.4% in the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after purchasing an additional 2,164,426 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Procter & Gamble by 30.6% in the second quarter. Parametric Portfolio Associates LLC now owns 6,349,258 shares of the company’s stock valued at $553,334,000 after purchasing an additional 1,487,095 shares in the last quarter. Institutional investors and hedge funds own 59.57% of the company’s stock.

Procter & Gamble Co (NYSE PG) opened at $90.18 on Friday. Procter & Gamble Co has a 12-month low of $84.28 and a 12-month high of $94.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. The firm has a market capitalization of $231,370.56, a PE ratio of 15.85, a P/E/G ratio of 2.92 and a beta of 0.67.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 EPS. analysts forecast that Procter & Gamble Co will post 4.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be issued a $0.6896 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.06%. Procter & Gamble’s dividend payout ratio (DPR) is 48.51%.

PG has been the subject of several recent analyst reports. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Jefferies Group reiterated a “buy” rating and set a $104.00 price target on shares of Procter & Gamble in a research note on Tuesday, October 10th. Goldman Sachs Group reiterated a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, October 4th. Wells Fargo & Co reiterated a “hold” rating and set a $88.00 price target on shares of Procter & Gamble in a research note on Sunday, December 17th. Finally, Deutsche Bank initiated coverage on Procter & Gamble in a research note on Tuesday, December 19th. They set a “buy” rating and a $91.88 price target for the company. 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 company currently has an average rating of “Hold” and an average price target of $88.51.

In other Procter & Gamble news, insider R. Alexandra Keith sold 1,298 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the completion of the transaction, the insider now owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the transaction, 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 ninety days, insiders sold 18,719 shares of company stock valued at $1,661,544. Insiders own 0.35% of the company’s stock.

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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.

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

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