Bennicas & Associates Inc. cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 159,919 shares of the company’s stock after selling 5,253 shares during the period. Procter & Gamble Company (The) accounts for 12.5% of Bennicas & Associates Inc.’s portfolio, making the stock its largest position. Bennicas & Associates Inc.’s holdings in Procter & Gamble Company (The) were worth $13,937,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. D Orazio & Associates Inc. increased its position in shares of Procter & Gamble Company (The) by 8.2% in the fourth quarter. D Orazio & Associates Inc. now owns 3,649 shares of the company’s stock valued at $307,000 after buying an additional 278 shares during the period. L & S Advisors Inc bought a new position in shares of Procter & Gamble Company (The) during the fourth quarter valued at $1,156,000. Capital International Inc. CA increased its position in shares of Procter & Gamble Company (The) by 303.2% in the fourth quarter. Capital International Inc. CA now owns 17,740 shares of the company’s stock valued at $1,492,000 after buying an additional 13,340 shares during the period. Rocky Mountain Advisers LLC increased its position in shares of Procter & Gamble Company (The) by 5.3% in the fourth quarter. Rocky Mountain Advisers LLC now owns 3,370 shares of the company’s stock valued at $283,000 after buying an additional 170 shares during the period. Finally, Congress Asset Management Co. MA bought a new position in shares of Procter & Gamble Company (The) during the fourth quarter valued at $1,928,000. Institutional investors own 59.48% of the company’s stock.

Shares of Procter & Gamble Company (NYSE PG) traded up 0.562% during trading on Tuesday, reaching $92.165. The company had a trading volume of 2,368,505 shares. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.27. The stock’s 50-day moving average price is $89.11 and its 200-day moving average price is $88.99. The stock has a market capitalization of $235.02 billion, a PE ratio of 16.479 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $0.79 EPS. Equities analysts forecast that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be paid a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is currently 49.37%.

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Several brokerages have weighed in on PG. Zacks Investment Research downgraded Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub upgraded Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $103.00 target price (up from $101.00) on shares of Procter & Gamble Company (The) in a research note on Tuesday, April 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $90.00 target price (up from $87.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $100.00 target price (up from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $87.81.

In other Procter & Gamble Company (The) news, insider Patrice Louvet sold 62,350 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $86.27, for a total transaction of $5,378,934.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 203,898 shares of company stock valued at $17,666,387. 0.35% of the stock is currently owned by corporate insiders.

About Procter & Gamble Company (The)

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

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