The Procter & Gamble Company (NYSE:PG) Shares Sold by DAVENPORT & Co LLC


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DAVENPORT & Co LLC reduced its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 149,411 shares of the company’s stock after selling 1,524 shares during the quarter. DAVENPORT & Co LLC’s holdings in The Procter & Gamble were worth $20,235,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Atlas Private Wealth Advisors boosted its stake in shares of The Procter & Gamble by 14.5% during the 1st quarter. Atlas Private Wealth Advisors now owns 7,969 shares of the company’s stock worth $1,079,000 after acquiring an additional 1,012 shares in the last quarter. Wilkinson Global Asset Management LLC acquired a new stake in shares of The Procter & Gamble in the first quarter worth $376,000. Telos Capital Management Inc. boosted its position in shares of The Procter & Gamble by 3.2% in the first quarter. Telos Capital Management Inc. now owns 75,327 shares of the company’s stock worth $10,202,000 after buying an additional 2,368 shares during the period. Financial Sense Advisors Inc. boosted its position in shares of The Procter & Gamble by 43.2% in the first quarter. Financial Sense Advisors Inc. now owns 7,379 shares of the company’s stock worth $999,000 after buying an additional 2,226 shares during the period. Finally, 360 Financial Inc. boosted its position in shares of The Procter & Gamble by 15.8% in the first quarter. 360 Financial Inc. now owns 3,667 shares of the company’s stock worth $497,000 after buying an additional 500 shares during the period. 63.05% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:PG opened at $135.00 on Tuesday. The company has a market cap of $330.51 billion, a P/E ratio of 25.81, a P/E/G ratio of 3.25 and a beta of 0.38. The stock’s 50-day moving average is $133.89 and its 200-day moving average is $134.79. The Procter & Gamble Company has a 52-week low of $111.25 and a 52-week high of $146.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.87.

The Procter & Gamble (NYSE:PG) last released its earnings results on Monday, April 19th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The business had revenue of $18.10 billion for the quarter, compared to the consensus estimate of $18 billion. During the same period last year, the business earned $1.17 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts predict that The Procter & Gamble Company will post 5.59 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Friday, April 23rd will be given a dividend of $0.8698 per share. The ex-dividend date of this dividend is Thursday, April 22nd. This is an increase from The Procter & Gamble’s previous quarterly dividend of $0.79. This represents a $3.48 dividend on an annualized basis and a yield of 2.58%. The Procter & Gamble’s dividend payout ratio (DPR) is 67.97%.

Several analysts recently issued reports on PG shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “neutral” rating and set a $150.00 price objective (down from $165.00) on shares of The Procter & Gamble in a report on Tuesday, April 27th. Deutsche Bank Aktiengesellschaft cut their price objective on The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, April 27th. Sanford C. Bernstein began coverage on The Procter & Gamble in a report on Tuesday, January 19th. They set a “market perform” rating and a $149.00 price objective for the company. Morgan Stanley cut their target price on The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating on the stock in a report on Monday, April 26th. Finally, Zacks Investment Research lowered The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 target price on the stock. in a report on Thursday, January 21st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $148.93.

In other The Procter & Gamble news, VP Valarie L. Sheppard sold 1,811 shares of The Procter & Gamble stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $125.77, for a total transaction of $227,769.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Deborah P. Majoras sold 12,872 shares of The Procter & Gamble stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $135.47, for a total value of $1,743,769.84. Over the last three months, insiders have sold 560,215 shares of company stock worth $72,179,449. 0.70% of the stock is owned by company insiders.

The Procter & Gamble Profile

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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