Procter & Gamble Co (PG) Stake Lessened by Foster Dykema Cabot & Co. Inc. MA

Foster Dykema Cabot & Co. Inc. MA reduced its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 654,109 shares of the company’s stock after selling 10,048 shares during the quarter. Procter & Gamble accounts for approximately 8.8% of Foster Dykema Cabot & Co. Inc. MA’s portfolio, making the stock its 3rd largest holding. Foster Dykema Cabot & Co. Inc. MA’s holdings in Procter & Gamble were worth $52,460,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hutner Capital Management Inc. lifted its holdings in Procter & Gamble by 0.9% in the second quarter. Hutner Capital Management Inc. now owns 76,118 shares of the company’s stock worth $5,942,000 after buying an additional 645 shares during the period. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in Procter & Gamble by 5.6% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,539 shares of the company’s stock worth $979,000 after buying an additional 661 shares during the period. American Asset Management Inc. lifted its holdings in Procter & Gamble by 16.6% in the second quarter. American Asset Management Inc. now owns 4,673 shares of the company’s stock worth $365,000 after buying an additional 666 shares during the period. Signature Wealth Management Group lifted its holdings in Procter & Gamble by 2.0% in the second quarter. Signature Wealth Management Group now owns 35,233 shares of the company’s stock worth $2,750,000 after buying an additional 674 shares during the period. Finally, IMS Capital Management lifted its holdings in Procter & Gamble by 15.9% in the second quarter. IMS Capital Management now owns 5,122 shares of the company’s stock worth $400,000 after buying an additional 702 shares during the period. 58.54% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Jefferies Financial Group reiterated a “hold” rating and set a $86.00 target price on shares of Procter & Gamble in a report on Friday. ValuEngine upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Stifel Nicolaus reiterated a “hold” rating and set a $87.00 target price on shares of Procter & Gamble in a report on Monday, October 22nd. Finally, Deutsche Bank lifted their target price on shares of Procter & Gamble from $81.00 to $84.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $88.38.

Shares of PG opened at $92.41 on Friday. The company has a market cap of $230.70 billion, a P/E ratio of 21.90, a PEG ratio of 3.00 and a beta of 0.37. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a twelve month low of $70.73 and a twelve month high of $93.14.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The company had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. On average, sell-side analysts anticipate that Procter & Gamble Co will post 4.41 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be given a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 68.01%.

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 transaction of $349,197.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathleen B. Fish sold 599 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $83.48, for a total transaction of $50,004.52. Following the sale, the insider now directly owns 38,655 shares of the company’s stock, valued at approximately $3,226,919.40. The disclosure for this sale can be found here. Insiders have sold 153,302 shares of company stock valued at $13,438,363 in the last three months. 1.84% of the stock is owned by insiders.

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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.

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

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