Capital Investment Counsel Inc reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 9.1% during the third quarter, Holdings Channel reports. The fund owned 43,802 shares of the company’s stock after selling 4,388 shares during the period. Procter & Gamble Company (The) makes up approximately 2.0% of Capital Investment Counsel Inc’s portfolio, making the stock its 9th largest position. Capital Investment Counsel Inc’s holdings in Procter & Gamble Company (The) were worth $3,931,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Financial Architects Inc boosted its stake in shares of Procter & Gamble Company (The) by 39.8% in the second quarter. Financial Architects Inc now owns 7,109 shares of the company’s stock valued at $602,000 after buying an additional 2,025 shares in the last quarter. RidgeWorth Capital Management LLC raised its stake in Procter & Gamble Company (The) by 20.5% in the second quarter. RidgeWorth Capital Management LLC now owns 1,488,391 shares of the company’s stock worth $126,186,000 after buying an additional 252,832 shares during the last quarter. Acadian Asset Management LLC raised its stake in Procter & Gamble Company (The) by 12.7% in the second quarter. Acadian Asset Management LLC now owns 4,679,269 shares of the company’s stock worth $396,194,000 after buying an additional 528,466 shares during the last quarter. Private Asset Management Inc. raised its stake in Procter & Gamble Company (The) by 2.6% in the third quarter. Private Asset Management Inc. now owns 79,440 shares of the company’s stock worth $7,130,000 after buying an additional 2,039 shares during the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in Procter & Gamble Company (The) during the second quarter worth $30,357,000. 67.28% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Procter & Gamble Company (The) (NYSE:PG)

Shares of Procter & Gamble Company (NYSE:PG) traded up 0.05% on Friday, hitting $83.88. The stock had a trading volume of 3,252,898 shares. Procter & Gamble Company has a 12-month low of $74.46 and a 12-month high of $90.33. The firm has a market cap of $224.46 billion, a P/E ratio of 22.37 and a beta of 0.59. The company’s 50-day moving average price is $84.01 and its 200 day moving average price is $85.86.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.05. Procter & Gamble Company (The) had a return on equity of 17.95% and a net margin of 16.27%. The business earned $16.50 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same period in the previous year, the business earned $0.98 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Procter & Gamble Company will post $3.85 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Friday, January 20th will be paid a dividend of $0.6695 per share. The ex-dividend date of this dividend is Wednesday, January 18th. This represents a $2.68 dividend on an annualized basis and a yield of 3.19%. Procter & Gamble Company (The)’s payout ratio is currently 71.66%.

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A number of analysts recently weighed in on PG shares. B. Riley restated a “buy” rating and set a $106.00 target price on shares of Procter & Gamble Company (The) in a research note on Monday, November 21st. Vetr upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $92.75 target price on the stock in a research note on Tuesday, October 4th. RBC Capital Markets set a $76.00 target price on shares of Procter & Gamble Company (The) and gave the stock a “hold” rating in a research note on Monday, January 2nd. Argus upgraded shares of Procter & Gamble Company (The) 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. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Procter & Gamble Company (The) from a “neutral” rating to a “sell” rating and cut their target price for the stock from $86.00 to $77.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. Procter & Gamble Company (The) has an average rating of “Hold” and a consensus target price of $89.07.

In related news, insider Price Matthew sold 3,081 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $1,300,197.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.35% of the company’s stock.

Procter & Gamble Company (The) 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.

5 Day Chart for NYSE:PG

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