BTIM Corp. lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 497,321 shares of the company’s stock after selling 17,820 shares during the period. BTIM Corp.’s holdings in Procter & Gamble Company (The) were worth $43,341,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Glassman Wealth Services raised its position in shares of Procter & Gamble Company (The) by 32.5% in the fourth quarter. Glassman Wealth Services now owns 7,983 shares of the company’s stock valued at $671,000 after buying an additional 1,960 shares during the last quarter. Quest Investment Management Inc. OR raised its position in shares of Procter & Gamble Company (The) by 5.2% in the fourth quarter. Quest Investment Management Inc. OR now owns 172,474 shares of the company’s stock valued at $14,502,000 after buying an additional 8,523 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Procter & Gamble Company (The) by 7.5% in the fourth quarter. Janus Capital Management LLC now owns 2,402,396 shares of the company’s stock valued at $201,994,000 after buying an additional 167,288 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Procter & Gamble Company (The) during the fourth quarter valued at approximately $366,000. Finally, Wallace Capital Management Inc. raised its position in shares of Procter & Gamble Company (The) by 1.4% in the fourth quarter. Wallace Capital Management Inc. now owns 30,278 shares of the company’s stock valued at $2,546,000 after buying an additional 432 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Procter & Gamble Company (NYSE:PG) traded up 0.44% on Monday, hitting $91.74. The stock had a trading volume of 1,870,561 shares. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $92.08. The company’s 50 day moving average is $89.05 and its 200-day moving average is $88.93. The firm has a market capitalization of $233.94 billion, a price-to-earnings ratio of 16.40 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. Procter & Gamble Company (The)’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. On average, analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current 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 given a dividend of $0.6896 per share. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.02%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is currently 49.37%.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.watchlistnews.com/btim-corp-has-43-34-million-position-in-procter-gamble-company-the-nysepg/1487424.html.

A number of brokerages have issued reports on PG. Vetr upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price target for the company in a research report on Wednesday, April 26th. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a research note on Monday, April 24th. Deutsche Bank AG reissued a “hold” rating and issued a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research note on Saturday, July 22nd. UBS AG reissued a “buy” rating and issued a $102.00 price objective (down previously from $104.00) on shares of Procter & Gamble Company (The) in a research note on Friday, April 28th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $103.00 price objective (up previously from $101.00) on shares of Procter & Gamble Company (The) in a research note on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. Procter & Gamble Company (The) currently has an average rating of “Hold” and an average target price of $87.81.

In related news, insider Suranjan Magesvaran sold 10,512 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ioannis Skoufalos sold 3,879 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. Insiders have sold 203,898 shares of company stock worth $17,666,387 in the last ninety days. 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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.