DORCHESTER WEALTH MANAGEMENT Co held its stake in Procter & Gamble Company (The) (NYSE:PG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,238 shares of the company’s stock at the end of the second quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Procter & Gamble Company (The) were worth $1,677,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. increased its stake in Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its stake in Procter & Gamble Company (The) by 11.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after buying an additional 170 shares during the last quarter. Edge Wealth Management LLC increased its stake in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in Procter & Gamble Company (The) during the first quarter worth $184,000. Finally, Watermark Asset Management Inc. purchased a new stake in Procter & Gamble Company (The) during the first quarter worth $201,000. Institutional investors own 59.32% of the company’s stock.

Shares of Procter & Gamble Company (NYSE:PG) traded down 0.28% during trading on Monday, hitting $92.25. The company had a trading volume of 1,524,932 shares. The company has a market capitalization of $235.24 billion, a P/E ratio of 16.49 and a beta of 0.68. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $92.96. The stock’s 50-day moving average price is $90.21 and its 200 day moving average price is $89.30.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $0.79 earnings per share. On average, equities research analysts forecast that Procter & Gamble Company will post $4.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were paid a $0.6896 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is currently 49.37%.

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A number of research firms recently weighed in on PG. Jefferies Group LLC restated a “buy” rating and issued a $92.44 target price (down previously from $103.00) on shares of Procter & Gamble Company (The) in a research report on Thursday, August 17th. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Deutsche Bank AG restated a “hold” rating and issued a $92.00 target price (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research report on Saturday, July 22nd. Zacks Investment Research downgraded Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $100.00 target price (up previously from $98.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $87.48.

In other news, insider Mark F. Biegger sold 2,660 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $244,826.40. Following the sale, the insider now directly owns 23,133 shares in the company, valued at $2,129,161.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Taylor sold 6,382 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $587,399.28. Following the completion of the sale, the chief executive officer now owns 134,884 shares in the company, valued at $12,414,723.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,792 shares of company stock worth $4,216,070. 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.

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

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