L & S Advisors Inc Sells 605 Shares of Procter & Gamble Co (NYSE:PG)

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L & S Advisors Inc cut its position in Procter & Gamble Co (NYSE:PG) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,621 shares of the company’s stock after selling 605 shares during the quarter. L & S Advisors Inc’s holdings in Procter & Gamble were worth $5,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Procter & Gamble by 26.4% during the 1st quarter. FMR LLC now owns 35,400,538 shares of the company’s stock valued at $3,683,425,000 after acquiring an additional 7,389,251 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd lifted its position in shares of Procter & Gamble by 15,168.2% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,936,221 shares of the company’s stock valued at $269,897,000 after acquiring an additional 2,916,990 shares during the period. BlackRock Inc. lifted its position in shares of Procter & Gamble by 1.5% during the 2nd quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after acquiring an additional 2,470,382 shares during the period. California Public Employees Retirement System lifted its position in shares of Procter & Gamble by 24.3% during the 4th quarter. California Public Employees Retirement System now owns 8,672,672 shares of the company’s stock valued at $797,192,000 after acquiring an additional 1,698,051 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Procter & Gamble by 150.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,803,802 shares of the company’s stock valued at $308,683,000 after acquiring an additional 1,682,777 shares during the period. Institutional investors and hedge funds own 65.83% of the company’s stock.

In related news, VP Valarie L. Sheppard sold 1,259 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $120.36, for a total transaction of $151,533.24. Following the sale, the vice president now owns 26,094 shares in the company, valued at approximately $3,140,673.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Carolyn M. Tastad sold 10,662 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $118.00, for a total value of $1,258,116.00. Following the sale, the insider now owns 61,225 shares in the company, valued at approximately $7,224,550. The disclosure for this sale can be found here. In the last three months, insiders sold 448,674 shares of company stock valued at $53,197,461. Insiders own 1.75% of the company’s stock.

Shares of PG opened at $122.47 on Friday. Procter & Gamble Co has a 12-month low of $78.49 and a 12-month high of $123.43. The business has a 50-day simple moving average of $118.41 and a two-hundred day simple moving average of $109.40. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The stock has a market cap of $304.85 billion, a PE ratio of 27.10, a PEG ratio of 3.48 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.04. The company had revenue of $17.09 billion during the quarter, compared to analysts’ expectations of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, equities research analysts expect that Procter & Gamble Co will post 4.84 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Friday, July 19th were paid a $0.7459 dividend. The ex-dividend date was Thursday, July 18th. This represents a $2.98 annualized dividend and a dividend yield of 2.44%. Procter & Gamble’s payout ratio is 65.93%.

A number of research firms have recently commented on PG. UBS Group set a $122.00 price target on Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. Wells Fargo & Co reissued a “buy” rating and set a $135.00 price target (up previously from $125.00) on shares of Procter & Gamble in a report on Tuesday, July 30th. Goldman Sachs Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $114.00 to $125.00 in a report on Thursday, June 27th. Finally, Deutsche Bank boosted their price target on Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, June 17th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. Procter & Gamble has a consensus rating of “Hold” and an average target price of $108.15.

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.

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

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