Todays Report: The 600 Shares of Procter & Gamble Co. (PG) are sold by Mogy Joel R Investment Counsel Inc.

The 600 Shares of Procter & Gamble Co. (PG) are sold by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. decreased its position in Procter & Gamble Co. (NYSE:PG) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,244 shares of the company’s stock after selling 600 shares during the period. Procter & Gamble Co. makes up about 2.4% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 14th largest position. Mogy Joel R Investment Counsel Inc.’s holdings in Procter & Gamble Co. were worth $12,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PG. Emerald Acquisition Ltd. acquired a new position in shares of Procter & Gamble Co. during the second quarter worth about $426,390,000. Bank of Montreal Can acquired a new position in shares of Procter & Gamble Co. during the second quarter worth about $201,298,000. Wellington Management Group LLP raised its position in shares of Procter & Gamble Co. by 17.5% in the first quarter. Wellington Management Group LLP now owns 12,451,833 shares of the company’s stock worth $1,024,911,000 after buying an additional 1,852,661 shares during the period. NN Investment Partners Holdings N.V. acquired a new position in shares of Procter & Gamble Co. during the first quarter worth about $119,711,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of Procter & Gamble Co. by 12.3% in the first quarter. TIAA CREF Investment Management LLC now owns 13,185,252 shares of the company’s stock worth $1,085,278,000 after buying an additional 1,441,177 shares during the period. Hedge funds and other institutional investors own 58.86% of the company’s stock.

Shares of Procter & Gamble Co. (NYSE:PG) traded down 0.265% on Thursday, hitting $88.335. The stock had a trading volume of 4,956,283 shares. The firm’s 50 day moving average is $88.23 and its 200-day moving average is $84.67. Procter & Gamble Co. has a one year low of $73.50 and a one year high of $90.33. The stock has a market capitalization of $235.74 billion, a PE ratio of 23.913 and a beta of 0.54.

Procter & Gamble Co. (NYSE:PG) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. The company earned $16.10 billion during the quarter, compared to the consensus estimate of $15.83 billion. Procter & Gamble Co. had a net margin of 16.09% and a return on equity of 17.48%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 earnings per share. Equities research analysts expect that Procter & Gamble Co. will post $0.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Friday, October 21st will be issued a $0.6695 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.02%. Procter & Gamble Co.’s payout ratio is 72.63%.

A number of brokerages have issued reports on PG. Vetr upgraded Procter & Gamble Co. from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Wednesday. Argus upgraded Procter & Gamble Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $88.54 to $103.00 in a research report on Wednesday. Johnson Rice upgraded Procter & Gamble Co. from an “accumulate” rating to a “buy” rating in a research report on Friday, August 26th. B. Riley upgraded Procter & Gamble Co. to a “buy” rating and set a $105.00 price target for the company in a research report on Saturday, August 20th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $95.00 price target on shares of Procter & Gamble Co. in a research report on Saturday, August 13th. Ten analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Procter & Gamble Co. has a consensus rating of “Buy” and a consensus target price of $90.21.

In other Procter & Gamble Co. news, CFO Jon R. Moeller sold 272,591 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $85.94, for a total transaction of $23,426,470.54. Following the completion of the sale, the chief financial officer now directly owns 164,269 shares in the company, valued at approximately $14,117,277.86. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Valarie L. Sheppard sold 32,532 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $86.90, for a total value of $2,827,030.80. Following the sale, the senior vice president now owns 28,397 shares of the company’s stock, valued at $2,467,699.30. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

About Procter & Gamble Co.

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