Insight Folios Inc Reduces Stock Position in The Procter & Gamble Company (NYSE:PG)

Insight Folios Inc cut its holdings in The Procter & Gamble Company (NYSE:PG) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,166 shares of the company’s stock after selling 1,055 shares during the period. The Procter & Gamble accounts for approximately 3.5% of Insight Folios Inc’s portfolio, making the stock its 6th biggest holding. Insight Folios Inc’s holdings in The Procter & Gamble were worth $3,776,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. First Command Bank increased its stake in The Procter & Gamble by 41.0% during the second quarter. First Command Bank now owns 23,980 shares of the company’s stock valued at $2,868,000 after acquiring an additional 6,970 shares during the period. CAPROCK Group Inc. increased its stake in The Procter & Gamble by 2.9% during the second quarter. CAPROCK Group Inc. now owns 49,554 shares of the company’s stock valued at $5,925,000 after acquiring an additional 1,401 shares during the period. Samalin Investment Counsel LLC increased its stake in The Procter & Gamble by 16.8% during the second quarter. Samalin Investment Counsel LLC now owns 8,641 shares of the company’s stock valued at $1,033,000 after acquiring an additional 1,244 shares during the period. Wedge Capital Management L L P NC increased its stake in The Procter & Gamble by 3.2% during the second quarter. Wedge Capital Management L L P NC now owns 5,274 shares of the company’s stock valued at $631,000 after acquiring an additional 162 shares during the period. Finally, CWS Financial Advisors LLC increased its stake in The Procter & Gamble by 195.8% during the second quarter. CWS Financial Advisors LLC now owns 16,267 shares of the company’s stock valued at $1,945,000 after acquiring an additional 10,768 shares during the period. Institutional investors and hedge funds own 62.81% of the company’s stock.

Shares of PG stock traded up $0.56 during trading hours on Friday, reaching $144.39. The company had a trading volume of 6,807,859 shares, compared to its average volume of 8,382,961. The company has a 50 day moving average of $138.93 and a 200 day moving average of $125.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68. The firm has a market cap of $359.48 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 3.45 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $94.34 and a 1-year high of $145.87.

The Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.15. The company had revenue of $17.70 billion for the quarter, compared to the consensus estimate of $16.97 billion. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 EPS. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 5.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be paid a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio (DPR) is currently 61.72%.

In related news, VP Valarie L. Sheppard sold 4,688 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $138.28, for a total value of $648,256.64. Following the completion of the sale, the vice president now owns 26,704 shares in the company, valued at approximately $3,692,629.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jon R. Moeller sold 81,755 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $136.18, for a total transaction of $11,133,395.90. In the last three months, insiders sold 272,757 shares of company stock worth $36,738,374. 0.70% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on the company. Barclays restated a “buy” rating on shares of The Procter & Gamble in a research note on Sunday, August 2nd. Jefferies Financial Group upped their price objective on The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Berenberg Bank upped their price objective on The Procter & Gamble from $136.00 to $149.00 and gave the company a “hold” rating in a research note on Friday. SunTrust Banks upped their price objective on The Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on The Procter & Gamble from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $137.87.

About The Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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