Cutler Investment Counsel LLC boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,159 shares of the company’s stock after buying an additional 722 shares during the period. Procter & Gamble Company (The) accounts for about 1.8% of Cutler Investment Counsel LLC’s investment portfolio, making the stock its 25th largest position. Cutler Investment Counsel LLC’s holdings in Procter & Gamble Company (The) were worth $6,656,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Guinness Asset Management Ltd boosted its position in shares of Procter & Gamble Company (The) by 32.8% in the second quarter. Guinness Asset Management Ltd now owns 68,480 shares of the company’s stock worth $5,798,000 after buying an additional 16,900 shares during the last quarter. RNC Capital Management LLC boosted its position in shares of Procter & Gamble Company (The) by 44.3% in the second quarter. RNC Capital Management LLC now owns 17,124 shares of the company’s stock worth $1,450,000 after buying an additional 5,253 shares during the last quarter. Trust Co. of Toledo NA OH boosted its position in shares of Procter & Gamble Company (The) by 3.3% in the second quarter. Trust Co. of Toledo NA OH now owns 66,468 shares of the company’s stock worth $5,628,000 after buying an additional 2,116 shares during the last quarter. United Bank VA boosted its position in shares of Procter & Gamble Company (The) by 17.6% in the second quarter. United Bank VA now owns 26,519 shares of the company’s stock worth $2,245,000 after buying an additional 3,966 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Procter & Gamble Company (The) by 102.0% in the second quarter. Daiwa Securities Group Inc. now owns 143,487 shares of the company’s stock worth $12,149,000 after buying an additional 72,450 shares during the last quarter. Institutional investors own 68.33% of the company’s stock.

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

Shares of Procter & Gamble Company (NYSE:PG) opened at 90.79 on Friday. The company has a 50 day moving average price of $86.46 and a 200 day moving average price of $86.26. The company has a market cap of $232.10 billion, a price-to-earnings ratio of 16.63 and a beta of 0.64. Procter & Gamble Company has a one year low of $79.10 and a one year high of $91.15.

Procter & Gamble Company (The) (NYSE:PG) last issued its earnings results on Friday, January 20th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.02. Procter & Gamble Company (The) had a net margin of 23.44% and a return on equity of 18.58%. The company had revenue of $16.90 billion for the quarter. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts predict that Procter & Gamble Company will post $3.85 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were given a dividend of $0.6695 per share. The ex-dividend date of this dividend was Wednesday, January 18th. This represents a $2.68 annualized dividend and a yield of 2.95%. Procter & Gamble Company (The)’s payout ratio is currently 48.73%.

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PG has been the subject of a number of recent research reports. B. Riley reiterated a “buy” rating and set a $106.00 price objective on shares of Procter & Gamble Company (The) in a research note on Monday, November 21st. Jefferies Group LLC lifted their price objective on Procter & Gamble Company (The) from $99.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday. RBC Capital Markets set a $76.00 price objective on Procter & Gamble Company (The) and gave the company a “hold” rating in a research note on Monday, January 2nd. Goldman Sachs Group, Inc. (The) cut Procter & Gamble Company (The) from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $86.00 to $77.00 in a research note on Monday, January 9th. Finally, Zacks Investment Research cut Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $89.99.

In other Procter & Gamble Company (The) news, CEO David S. Taylor sold 38,000 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $88.55, for a total transaction of $3,364,900.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Juan Fernando Posada sold 7,000 shares of the company’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $86.75, for a total transaction of $607,250.00. Following the transaction, the insider now owns 21,989 shares in the company, valued at $1,907,545.75. The disclosure for this sale can be found here. Insiders have sold 253,053 shares of company stock worth $22,313,881 over the last 90 days. 0.35% of the stock is currently owned by company insiders.

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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