Trading Report: The Hyman Charles D reached $14,639,000 position of Procter & Gamble Co. (PG)

The Hyman Charles D reached $14,639,000 position  of Procter & Gamble Co. (PG)

Hyman Charles D reduced its position in shares of Procter & Gamble Co. (NYSE:PG) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 172,893 shares of the company’s stock after selling 1,350 shares during the period. Procter & Gamble Co. comprises about 2.2% of Hyman Charles D’s holdings, making the stock its 11th largest position. Hyman Charles D’s holdings in Procter & Gamble Co. were worth $14,639,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new stake in shares of Procter & Gamble Co. during the second quarter worth $426,390,000. Bank of Montreal Can acquired a new stake in shares of Procter & Gamble Co. during the second quarter worth $201,298,000. Wellington Management Group LLP boosted its stake 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 stake in shares of Procter & Gamble Co. during the first quarter worth $119,711,000. Finally, TIAA CREF Investment Management LLC boosted its stake 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 58.99% of the company’s stock.

Procter & Gamble Co. (NYSE:PG) traded down 0.17% during trading on Monday, reaching $88.28. 2,424,807 shares of the company traded hands. The firm has a 50-day moving average price of $88.27 and a 200-day moving average price of $84.73. The company has a market capitalization of $235.60 billion, a P/E ratio of 23.90 and a beta of 0.54. Procter & Gamble Co. has a 52 week low of $73.50 and a 52 week high of $90.33.

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

The company 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Wednesday, October 19th. Procter & Gamble Co.’s dividend payout ratio is currently 72.63%.

Several brokerages have recently issued reports on PG. Jefferies Group reiterated a “buy” rating and issued a $95.00 target price on shares of Procter & Gamble Co. in a research note on Thursday, June 23rd. Argus upgraded shares of Procter & Gamble Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $88.54 to $103.00 in a research note on Wednesday, October 12th. Stifel Nicolaus set a $93.00 target price on shares of Procter & Gamble Co. and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Procter & Gamble Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, Deutsche Bank AG restated a “buy” rating and set a $92.00 price objective (up previously from $85.00) on shares of Procter & Gamble Co. in a research report on Sunday, July 24th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Procter & Gamble Co. has an average rating of “Buy” and a consensus target price of $90.21.

In related news, SVP Valarie L. Sheppard sold 32,532 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey K. Schomburger sold 2,603 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $87.16, for a total transaction of $226,877.48. Following the completion of the sale, the insider now directly owns 33,188 shares in the company, valued at approximately $2,892,666.08. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Procter & Gamble Co. Company Profile

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