Procter & Gamble Co (PG) Shares Sold by Ycg LLC

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Ycg LLC decreased its stake in Procter & Gamble Co (NYSE:PG) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,281 shares of the company’s stock after selling 4,391 shares during the quarter. Procter & Gamble makes up 3.8% of Ycg LLC’s holdings, making the stock its 13th biggest position. Ycg LLC’s holdings in Procter & Gamble were worth $19,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC boosted its position in Procter & Gamble by 209.4% during the second quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock worth $105,000 after acquiring an additional 913 shares during the last quarter. Polaris Greystone Financial Group LLC boosted its position in Procter & Gamble by 224.9% during the third quarter. Polaris Greystone Financial Group LLC now owns 1,722 shares of the company’s stock worth $143,000 after acquiring an additional 1,192 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new position in Procter & Gamble during the second quarter worth about $149,000. Credit Agricole S A boosted its position in Procter & Gamble by 70.4% during the second quarter. Credit Agricole S A now owns 2,575 shares of the company’s stock worth $202,000 after acquiring an additional 1,064 shares during the last quarter. Finally, Laurel Grove Capital LLC acquired a new position in Procter & Gamble during the third quarter worth about $202,000. Institutional investors and hedge funds own 58.62% of the company’s stock.

Shares of PG opened at $91.77 on Friday. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $96.89. The company has a market cap of $229.29 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.96 and a beta of 0.38. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.03. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. During the same period in the prior year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts forecast that Procter & Gamble Co will post 4.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, January 18th will be paid a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, January 17th. Procter & Gamble’s payout ratio is currently 68.01%.

In other Procter & Gamble news, CEO David S. Taylor sold 63,113 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the completion of the transaction, the chief executive officer now owns 226,393 shares in the company, valued at approximately $20,755,710.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R. Alexandra Keith sold 1,463 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $89.89, for a total transaction of $131,509.07. Following the transaction, the insider now owns 45,018 shares of the company’s stock, valued at approximately $4,046,668.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 502,927 shares of company stock worth $46,437,282. 1.84% of the stock is owned by insiders.

A number of equities analysts have commented on PG shares. Macquarie lifted their target price on shares of Procter & Gamble from $86.00 to $92.00 and gave the stock an “outperform” rating in a research note on Monday, October 22nd. Societe Generale set a $87.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Tuesday, October 23rd. TD Securities reaffirmed a “hold” rating on shares of Procter & Gamble in a research note on Thursday, November 8th. UBS Group lifted their target price on shares of Procter & Gamble from $82.00 to $87.00 and gave the stock a “neutral” rating in a research note on Monday, October 22nd. Finally, Morgan Stanley set a $91.00 target price on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Monday, October 22nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $92.26.

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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.

See Also: Short Selling Stocks, A Beginner’s Guide

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

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