Procter & Gamble Co (PG) Position Decreased by Puzo Michael J

Puzo Michael J reduced its holdings in Procter & Gamble Co (NYSE:PG) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,004 shares of the company’s stock after selling 3,070 shares during the period. Procter & Gamble makes up about 2.7% of Puzo Michael J’s investment portfolio, making the stock its 14th largest position. Puzo Michael J’s holdings in Procter & Gamble were worth $6,324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Procter & Gamble by 1.9% during the first quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock valued at $12,890,867,000 after purchasing an additional 2,961,408 shares during the period. Yacktman Asset Management LP increased its position in shares of Procter & Gamble by 1.4% during the first quarter. Yacktman Asset Management LP now owns 15,382,957 shares of the company’s stock valued at $1,219,561,000 after purchasing an additional 219,593 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Procter & Gamble by 8.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 13,939,806 shares of the company’s stock valued at $1,105,148,000 after purchasing an additional 1,089,316 shares during the period. American Century Companies Inc. increased its position in shares of Procter & Gamble by 17.9% during the first quarter. American Century Companies Inc. now owns 13,922,673 shares of the company’s stock valued at $1,103,790,000 after purchasing an additional 2,115,777 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Procter & Gamble by 63.1% during the first quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock valued at $883,964,000 after purchasing an additional 4,315,180 shares during the period. 58.36% of the stock is currently owned by institutional investors.

Shares of PG stock opened at $79.06 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $209.82 billion, a P/E ratio of 18.73, a P/E/G ratio of 2.68 and a beta of 0.59. Procter & Gamble Co has a one year low of $70.73 and a one year high of $93.51.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.04. The business had revenue of $16.50 billion for the quarter, compared to analyst estimates of $16.52 billion. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. Procter & Gamble’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. Research analysts expect that Procter & Gamble Co will post 4.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be paid a $0.7172 dividend. This represents a $2.87 annualized dividend and a yield of 3.63%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s dividend payout ratio is 68.01%.

A number of analysts have recently issued reports on PG shares. Citigroup lowered their price objective on Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. SunTrust Banks boosted their price objective on Procter & Gamble to $80.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Deutsche Bank boosted their price objective on Procter & Gamble from $81.00 to $84.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Morgan Stanley boosted their price objective on Procter & Gamble from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Finally, Jefferies Financial Group cut Procter & Gamble to a “hold” rating and set a $79.00 price objective on the stock. in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $84.53.

In other Procter & Gamble news, insider Kathleen B. Fish sold 26,946 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $80.55, for a total value of $2,170,500.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Carolyn M. Tastad sold 4,181 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $83.52, for a total value of $349,197.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,186 shares of company stock worth $12,080,849. 1.84% of the stock is owned by insiders.

Procter & Gamble Profile

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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