Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $20.55 Million in Procter & Gamble Co (PG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Procter & Gamble Co (NYSE:PG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 263,232 shares of the company’s stock, valued at approximately $20,548,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. IHT Wealth Management LLC lifted its stake in Procter & Gamble by 6.1% during the first quarter. IHT Wealth Management LLC now owns 16,982 shares of the company’s stock worth $1,314,000 after purchasing an additional 981 shares during the period. Garland Capital Management Inc. lifted its stake in Procter & Gamble by 1.3% during the second quarter. Garland Capital Management Inc. now owns 57,592 shares of the company’s stock worth $4,495,000 after purchasing an additional 730 shares during the period. Park National Corp OH lifted its stake in Procter & Gamble by 4.1% during the second quarter. Park National Corp OH now owns 434,144 shares of the company’s stock worth $33,889,000 after purchasing an additional 16,931 shares during the period. TNB Financial lifted its stake in Procter & Gamble by 4.6% during the second quarter. TNB Financial now owns 138,374 shares of the company’s stock worth $10,802,000 after purchasing an additional 6,038 shares during the period. Finally, Heritage Investors Management Corp lifted its stake in Procter & Gamble by 6.1% during the second quarter. Heritage Investors Management Corp now owns 163,714 shares of the company’s stock worth $12,780,000 after purchasing an additional 9,430 shares during the period. Institutional investors and hedge funds own 58.54% of the company’s stock.

NYSE PG opened at $88.68 on Thursday. The company has a market cap of $221.50 billion, a PE ratio of 21.01, a PEG ratio of 2.89 and a beta of 0.59. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62. Procter & Gamble Co has a 1-year low of $70.73 and a 1-year high of $93.14.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion during the quarter, compared to analyst estimates of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. Equities analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current 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 issued a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.

A number of brokerages have commented on PG. ValuEngine upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Stifel Nicolaus restated a “hold” rating and set a $87.00 price target on shares of Procter & Gamble in a research note on Monday, October 22nd. Morgan Stanley set a $91.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a report on Monday, October 22nd. Finally, Berenberg Bank set a $78.00 price objective on shares of Procter & Gamble and gave the stock a “sell” rating in a report on Monday, October 22nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $87.66.

In related news, insider Carolyn M. Tastad sold 4,181 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total value of $349,197.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman David S. Taylor sold 21,029 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $83.52, for a total transaction of $1,756,342.08. The disclosure for this sale can be found here. In the last three months, insiders sold 93,240 shares of company stock valued at $7,732,529. 1.84% of the stock is currently owned by company insiders.

Procter & Gamble Company 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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