Today: Jackson Grant Investment Advisers Inc. Sold shares of Procter & Gamble Co. (PG)

Today: Jackson Grant Investment Advisers Inc. Sold shares of Procter & Gamble Co. (PG)

Jackson Grant Investment Advisers Inc. decreased its stake in Procter & Gamble Co. (NYSE:PG) by 83.2% during the second quarter, Holdings Channel reports. The fund owned 1,638 shares of the company’s stock after selling 8,106 shares during the period. Jackson Grant Investment Advisers Inc.’s holdings in Procter & Gamble Co. were worth $125,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PG. 10 15 Associates Inc. raised its stake in shares of Procter & Gamble Co. by 7.2% in the second quarter. 10 15 Associates Inc. now owns 129,470 shares of the company’s stock valued at $10,962,000 after buying an additional 8,695 shares during the last quarter. TD Capital Management LLC raised its stake in shares of Procter & Gamble Co. by 292.5% in the second quarter. TD Capital Management LLC now owns 3,187 shares of the company’s stock valued at $270,000 after buying an additional 2,375 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Procter & Gamble Co. by 11.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 367,185 shares of the company’s stock valued at $31,090,000 after buying an additional 36,566 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Procter & Gamble Co. by 9.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 978,095 shares of the company’s stock valued at $82,144,000 after buying an additional 85,371 shares during the last quarter. Finally, Bancorpsouth Inc. raised its stake in shares of Procter & Gamble Co. by 0.6% in the second quarter. Bancorpsouth Inc. now owns 34,836 shares of the company’s stock valued at $2,949,000 after buying an additional 204 shares during the last quarter. Institutional investors own 58.86% of the company’s stock.

Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.22% during trading on Friday, hitting $88.43. 7,368,968 shares of the company traded hands. The company has a market capitalization of $236.00 billion, a price-to-earnings ratio of 23.94 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. The company has a 50 day moving average price of $88.27 and a 200 day moving average price of $84.73.

Procter & Gamble Co. (NYSE:PG) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $15.83 billion. During the same period last year, the company posted $1.00 EPS. The business’s revenue was down 2.7% on a year-over-year basis. On average, analysts expect that Procter & Gamble Co. will post $0.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st will be paid a $0.6695 dividend. The ex-dividend date is Wednesday, October 19th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.03%. Procter & Gamble Co.’s payout ratio is currently 72.63%.

A number of research firms recently weighed in on PG. B. Riley reiterated a “neutral” rating and issued a $74.00 price objective on shares of Procter & Gamble Co. in a research note on Wednesday, August 3rd. Vetr lowered shares of Procter & Gamble Co. from a “buy” rating to a “hold” rating and set a $89.50 price target for the company. in a research report on Monday, August 1st. Zacks Investment Research lowered shares of Procter & Gamble Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. JPMorgan Chase & Co. set a $99.00 price target on shares of Procter & Gamble Co. and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Deutsche Bank AG boosted their price target on shares of Procter & Gamble Co. from $92.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Procter & Gamble Co. currently has a consensus rating of “Buy” and a consensus price target of $90.21.

In other news, CEO David S. Taylor sold 72,525 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $85.76, for a total value of $6,219,744.00. Following the completion of the sale, the chief executive officer now owns 136,933 shares in the company, valued at approximately $11,743,374.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Juan Fernando Posada sold 3,501 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $89.50, for a total transaction of $313,339.50. Following the completion of the sale, the insider now owns 19,953 shares of the company’s stock, valued at approximately $1,785,793.50. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

About Procter & Gamble Co.

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.

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