Today, Grandfield & Dodd LLC sells partial stakes of Procter & Gamble Co. (PG)

Today, Grandfield & Dodd LLC sells partial stakes of Procter & Gamble Co. (PG)

Grandfield & Dodd LLC lowered its stake in Procter & Gamble Co. (NYSE:PG) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 160,820 shares of the company’s stock after selling 1,127 shares during the period. Procter & Gamble Co. comprises approximately 1.9% of Grandfield & Dodd LLC’s holdings, making the stock its 17th largest position. Grandfield & Dodd LLC’s holdings in Procter & Gamble Co. were worth $14,434,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PG. Boothbay Fund Management LLC increased its position in Procter & Gamble Co. by 0.3% in the first quarter. Boothbay Fund Management LLC now owns 2,951 shares of the company’s stock worth $243,000 after buying an additional 9 shares during the period. Lenox Wealth Advisors Inc. increased its position in shares of 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 period. Stratford Consulting LLC increased its position in shares of Procter & Gamble Co. by 0.6% in the second quarter. Stratford Consulting LLC now owns 2,513 shares of the company’s stock worth $213,000 after buying an additional 16 shares during the period. Evanson Asset Management LLC increased its position in shares of Procter & Gamble Co. by 0.4% in the third quarter. Evanson Asset Management LLC now owns 6,351 shares of the company’s stock worth $570,000 after buying an additional 23 shares during the period. Finally, Laurel Grove Capital LLC increased its position in shares of Procter & Gamble Co. by 1.0% in the third quarter. Laurel Grove Capital LLC now owns 2,525 shares of the company’s stock worth $227,000 after buying an additional 25 shares during the period. 67.27% of the stock is owned by institutional investors.

Procter & Gamble Co. (NYSE:PG) traded down 0.449% during midday trading on Monday, reaching $83.085. 4,591,043 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $85.71 and a 200-day moving average of $85.39. The stock has a market cap of $222.33 billion, a PE ratio of 22.162 and a beta of 0.62. Procter & Gamble Co. has a 12 month low of $74.46 and a 12 month high of $90.33.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Friday, October 21st were issued a $0.6695 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Wednesday, October 19th. Procter & Gamble Co.’s payout ratio is 71.66%.

A number of research analysts have recently commented on the stock. B. Riley reissued a “buy” rating and issued a $106.00 price objective on shares of Procter & Gamble Co. in a research report on Monday, October 31st. Vetr downgraded shares of Procter & Gamble Co. from a “buy” rating to a “hold” rating and set a $89.50 price objective for the company. in a research report on Monday, August 1st. Jefferies Group reissued a “buy” rating and issued a $98.00 price objective on shares of Procter & Gamble Co. in a research report on Wednesday, October 26th. JPMorgan Chase & Co. set a $99.00 price objective 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 lifted their price objective 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. Eleven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $91.55.

In other news, insider Ciserani Giovanni sold 20,000 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $88.00, for a total value of $1,760,000.00. Following the sale, the insider now directly owns 65,053 shares of the company’s stock, valued at $5,724,664. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Price Matthew sold 3,081 shares of the 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 sale, the insider now directly owns 14,962 shares in the company, valued at $1,300,197.80. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

About Procter & Gamble Co.

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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