Country Trust Bank increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 315,666 shares of the company’s stock after purchasing an additional 685 shares during the quarter. Country Trust Bank’s holdings in Procter & Gamble Company (The) were worth $27,510,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Northwest Wealth Management LLC boosted its holdings in shares of Procter & Gamble Company (The) by 0.3% during the second quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock worth $223,000 after purchasing an additional 8 shares during the period. Cascade Investment Advisors Inc. boosted its holdings in shares of Procter & Gamble Company (The) by 0.5% during the second quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock worth $296,000 after purchasing an additional 17 shares during the period. RB Capital Management LLC boosted its holdings in shares of Procter & Gamble Company (The) by 0.3% during the first quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock worth $655,000 after purchasing an additional 20 shares during the period. Cottage Street Advisors LLC boosted its holdings in shares of Procter & Gamble Company (The) by 0.4% during the first quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock worth $615,000 after purchasing an additional 25 shares during the period. Finally, Sheets Smith Wealth Management boosted its holdings in shares of Procter & Gamble Company (The) by 0.7% during the second quarter. Sheets Smith Wealth Management now owns 4,322 shares of the company’s stock worth $377,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 59.28% of the company’s stock.

Procter & Gamble Company (NYSE:PG) opened at 91.59 on Friday. The company has a market cap of $233.56 billion, a price-to-earnings ratio of 16.38 and a beta of 0.67. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.67. The stock has a 50 day moving average of $92.57 and a 200-day moving average of $89.86.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $16.08 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. On average, analysts forecast that Procter & Gamble Company will post $4.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th will be issued a $0.6896 dividend. This represents a $2.76 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, October 19th. Procter & Gamble Company (The)’s payout ratio is presently 49.37%.

Several research firms recently commented on PG. Macquarie began coverage on shares of Procter & Gamble Company (The) in a report on Thursday, September 14th. They set an “outperform” rating and a $102.00 price target for the company. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday. Vetr upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price target for the company in a report on Friday, September 15th. Jefferies Group LLC restated a “buy” rating and set a $92.44 price target (down from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. Finally, BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $89.28.

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In other Procter & Gamble Company (The) news, insider Suranjan Magesvaran sold 10,512 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $91.00, for a total transaction of $956,592.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The disclosure for this sale can be found here. In the last three months, insiders sold 48,648 shares of company stock valued at $4,481,621. 0.35% of the stock is currently owned by insiders.

Procter & Gamble Company (The) 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.

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

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