Davis Rea Ltd. Acquires 25 Shares of Procter & Gamble Company (The) (PG)

Davis Rea Ltd. grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,815 shares of the company’s stock after buying an additional 25 shares during the quarter. Davis Rea Ltd.’s holdings in Procter & Gamble Company (The) were worth $332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Karp Capital Management Corp bought a new position in Procter & Gamble Company (The) during the 1st quarter valued at about $126,275,000. Bank of Nova Scotia grew its stake in Procter & Gamble Company (The) by 232.6% in the 1st quarter. Bank of Nova Scotia now owns 1,227,101 shares of the company’s stock worth $110,256,000 after acquiring an additional 858,200 shares in the last quarter. British Airways Pensions Investment Management Ltd bought a new position in Procter & Gamble Company (The) in the 1st quarter worth about $52,682,000. Schwab Charles Investment Management Inc. grew its stake in Procter & Gamble Company (The) by 4.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 11,549,179 shares of the company’s stock worth $1,006,511,000 after acquiring an additional 533,340 shares in the last quarter. Finally, Harbour Capital Advisors LLC grew its stake in Procter & Gamble Company (The) by 8,419.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 494,576 shares of the company’s stock worth $5,675,000 after acquiring an additional 488,771 shares in the last quarter. Hedge funds and other institutional investors own 59.71% of the company’s stock.

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In related news, insider Marylynn Fergusonmchugh sold 4,363 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the completion of the transaction, the insider now owns 85,495 shares of the company’s stock, valued at $7,438,065. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,499 shares of company stock valued at $3,904,610. Corporate insiders own 0.35% of the company’s stock.

Procter & Gamble Company (NYSE PG) opened at $88.16 on Friday. The stock has a market cap of $222,694.17, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 2.83 and a beta of 0.66. Procter & Gamble Company has a fifty-two week low of $81.18 and a fifty-two week high of $94.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.35%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. sell-side analysts expect that Procter & Gamble Company will post 4.16 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be issued a $0.6896 dividend. The ex-dividend date is Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.13%. Procter & Gamble Company (The)’s dividend payout ratio is currently 48.51%.

PG has been the topic of a number of research analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $98.00 target price on shares of Procter & Gamble Company (The) in a research note on Monday, July 17th. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Tuesday, August 1st. Bank of America Corporation upped their target price on shares of Procter & Gamble Company (The) from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Finally, Vetr upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $93.02 target price on the stock in a research note on Monday, October 23rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $88.69.

Procter & Gamble Company (The) Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

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