Tortoise Investment Management LLC Sells 121 Shares of Procter & Gamble Company (The) (PG)

Tortoise Investment Management LLC decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,881 shares of the company’s stock after selling 121 shares during the period. Tortoise Investment Management LLC’s holdings in Procter & Gamble Company (The) were worth $338,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PG. Brouwer & Janachowski LLC increased its stake in Procter & Gamble Company (The) by 13.2% during the first quarter. Brouwer & Janachowski LLC now owns 3,071 shares of the company’s stock valued at $276,000 after purchasing an additional 357 shares during the last quarter. Headinvest LLC grew its position in shares of Procter & Gamble Company (The) by 125.6% during the first quarter. Headinvest LLC now owns 145,496 shares of the company’s stock worth $13,073,000 after acquiring an additional 80,996 shares during the last quarter. D. Scott Neal Inc. grew its position in shares of Procter & Gamble Company (The) by 25.3% during the first quarter. D. Scott Neal Inc. now owns 3,763 shares of the company’s stock worth $338,000 after acquiring an additional 760 shares during the last quarter. Progressive Investment Management Corp grew its position in shares of Procter & Gamble Company (The) by 0.6% during the first quarter. Progressive Investment Management Corp now owns 27,090 shares of the company’s stock worth $2,434,000 after acquiring an additional 165 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Procter & Gamble Company (The) by 11.2% during the first quarter. Janney Montgomery Scott LLC now owns 620,749 shares of the company’s stock worth $55,774,000 after acquiring an additional 62,710 shares during the last quarter. Hedge funds and other institutional investors own 59.73% of the company’s stock.

In other Procter & Gamble Company (The) news, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.18, for a total transaction of $472,654.00. Following the completion of the sale, the insider now directly owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were 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. Insiders sold a total of 32,694 shares of company stock valued at $2,987,000 over the last three months. 0.35% of the stock is owned by corporate insiders.

Several research firms have recently commented on PG. Jefferies Group LLC restated a “buy” rating and set a $92.44 price target (down previously from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday, August 17th. Vetr upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $93.02 price target for the company in a research report on Monday, October 23rd. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Stifel Nicolaus restated a “hold” rating and set a $90.00 price target (up previously from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Finally, Zacks Investment Research lowered shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $87.81.

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Shares of Procter & Gamble Company (NYSE:PG) opened at $88.43 on Friday. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $94.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75. The firm has a market cap of $226,420.00, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.86 and a beta of 0.66.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were issued a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Thursday, October 19th. Procter & Gamble Company (The)’s payout ratio is 73.80%.

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.

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

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