Kidder Stephen W cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,806 shares of the company’s stock after selling 2,132 shares during the period. Procter & Gamble makes up approximately 3.3% of Kidder Stephen W’s holdings, making the stock its 8th largest holding. Kidder Stephen W’s holdings in Procter & Gamble were worth $9,080,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of PG. Asset Planning Services Ltd. increased its stake in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares in the last quarter. Harding Loevner LP purchased a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $119,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $125,000. Blume Capital Management Inc. increased its stake in shares of Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares in the last quarter. Finally, Winfield Associates Inc. increased its stake in shares of Procter & Gamble by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares in the last quarter. 59.56% of the stock is owned by institutional investors.
Shares of Procter & Gamble Company (NYSE PG) opened at $91.18 on Friday. The company has a market cap of $231,320.00, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 2.91 and a beta of 0.67. 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 has a 12 month low of $83.24 and a 12 month high of $94.67.
Procter & Gamble (NYSE:PG) last announced 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. The company had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. Procter & Gamble’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business earned $1.03 EPS. equities analysts anticipate that Procter & Gamble Company will post 4.18 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on PG. Vetr cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price objective for the company. in a research note on Tuesday, November 7th. Macquarie began coverage on shares of Procter & Gamble in a research note on Thursday, September 14th. They set an “outperform” rating and a $102.00 price objective for the company. Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley dropped their price objective on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 24th. Finally, Jefferies Group reissued a “buy” rating and set a $88.23 price objective (down from $99.00) on shares of Procter & Gamble in a research note on Thursday, November 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $88.57.
In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble stock in a transaction on Monday, October 16th. The shares were sold at an average price of $92.98, for a total transaction of $265,550.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Carolyn M. Tastad sold 5,300 shares of Procter & Gamble stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.18, for a total transaction of $472,654.00. Following the transaction, the insider now owns 57,191 shares in the company, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,575 shares of company stock worth $1,927,095. 0.35% of the stock is owned by company insiders.
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About Procter & Gamble
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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