Todays Report: Today, Telemus Capital LLC Sold shares of Procter & Gamble Co. (PG)

Today, Telemus Capital LLC Sold shares of Procter & Gamble Co. (PG)

Telemus Capital LLC lowered its position in shares of Procter & Gamble Co. (NYSE:PG) by 6.9% during the third quarter, Holdings Channel reports. The firm owned 20,454 shares of the company’s stock after selling 1,527 shares during the period. Telemus Capital LLC’s holdings in Procter & Gamble Co. were worth $1,836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Americafirst Capital Management LLC purchased a new position in Procter & Gamble Co. during the second quarter worth about $112,000. Signature Estate & Investment Advisors LLC purchased a new position in Procter & Gamble Co. during the second quarter worth about $122,000. Global X Management Co. LLC raised its position in Procter & Gamble Co. by 259.5% in the second quarter. Global X Management Co. LLC now owns 1,517 shares of the company’s stock worth $128,000 after buying an additional 1,095 shares during the last quarter. Lenox Wealth Advisors Inc. raised its position in Procter & Gamble Co. by 0.5% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,840 shares of the company’s stock worth $156,000 after buying an additional 10 shares during the last quarter. Finally, Cypress Capital Management LLC WY purchased a new position in Procter & Gamble Co. during the second quarter worth about $157,000. 59.51% of the stock is currently owned by institutional investors.

Shares of Procter & Gamble Co. (NYSE:PG) traded up 0.94% on Friday, reaching $83.46. The company’s stock had a trading volume of 3,883,098 shares. The firm has a market cap of $223.34 billion, a price-to-earnings ratio of 22.26 and a beta of 0.62. Procter & Gamble Co. has a 1-year low of $74.46 and a 1-year high of $90.33. The company’s 50 day moving average is $85.71 and its 200-day moving average is $85.39.

Procter & Gamble Co. (NYSE:PG) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The company earned $16.50 billion during the quarter, compared to analysts’ expectations of $16.49 billion. Procter & Gamble Co. had a return on equity of 17.95% and a net margin of 16.27%. Procter & Gamble Co.’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. Equities research analysts expect that Procter & Gamble Co. will post $3.89 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Friday, October 21st were given a dividend of $0.6695 per share. The ex-dividend date of this dividend was Wednesday, October 19th. This represents a $2.68 annualized dividend and a dividend yield of 3.21%. Procter & Gamble Co.’s dividend payout ratio is currently 71.66%.

A number of research firms recently issued reports on PG. B. Riley reaffirmed a “buy” rating and set a $106.00 target price on shares of Procter & Gamble Co. in a report on Saturday. Jefferies Group set a $93.00 target price on Procter & Gamble Co. and gave the stock a “buy” rating in a report on Monday, November 21st. Wells Fargo & Co. reiterated a “market perform” rating on shares of Procter & Gamble Co. in a research report on Tuesday, November 15th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $92.00 price target (up previously from $90.00) on shares of Procter & Gamble Co. in a research report on Wednesday, October 26th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Procter & Gamble Co. in a research report on Wednesday, October 26th. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $91.55.

In other news, insider Price Matthew sold 3,081 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $86.90, for a total transaction of $267,738.90. Following the completion of the transaction, the insider now directly owns 14,962 shares of the company’s stock, valued at $1,300,197.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Juan Fernando Posada sold 10,000 shares of the company’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $88.58, for a total value of $885,800.00. Following the transaction, the insider now directly owns 26,452 shares of the company’s stock, valued at $2,343,118.16. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Procter & Gamble Co. 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.

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