Douglas Lane & Associates LLC decreased its position in Procter & Gamble Company (The) (NYSE:PG) by 6.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 50,455 shares of the company’s stock after selling 3,607 shares during the period. Douglas Lane & Associates LLC’s holdings in Procter & Gamble Company (The) were worth $4,397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Highland Capital Management LLC boosted its position in shares of Procter & Gamble Company (The) by 0.4% in the second quarter. Highland Capital Management LLC now owns 143,113 shares of the company’s stock worth $12,472,000 after buying an additional 636 shares in the last quarter. Kessler Investment Group LLC boosted its position in shares of Procter & Gamble Company (The) by 10.2% in the second quarter. Kessler Investment Group LLC now owns 34,294 shares of the company’s stock worth $2,989,000 after buying an additional 3,182 shares in the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO boosted its position in shares of Procter & Gamble Company (The) by 404.8% in the second quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 58,053 shares of the company’s stock worth $5,059,000 after buying an additional 46,553 shares in the last quarter. Hengehold Capital Management LLC boosted its position in shares of Procter & Gamble Company (The) by 1.6% in the second quarter. Hengehold Capital Management LLC now owns 269,111 shares of the company’s stock worth $23,453,000 after buying an additional 4,222 shares in the last quarter. Finally, Patten & Patten Inc. TN boosted its position in shares of Procter & Gamble Company (The) by 7.3% in the second quarter. Patten & Patten Inc. TN now owns 34,600 shares of the company’s stock worth $3,015,000 after buying an additional 2,362 shares in the last quarter. 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. The company has a market cap of $235.02 billion, a P/E ratio of 16.479 and a beta of 0.68. The firm has a 50-day moving average of $89.11 and a 200-day moving average of $88.99. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $92.27.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $16.08 billion during 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%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. On average, equities research analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current year.

The firm 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 of this dividend is Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio is 49.37%.

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Several research analysts recently commented on the company. Zacks Investment Research cut 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. Sanford C. Bernstein reiterated an “outperform” rating and issued a $100.00 price target (up previously from $98.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Stifel Nicolaus reiterated a “hold” rating and issued a $90.00 price target (up previously from $87.00) on shares of Procter & Gamble Company (The) in a research note on Sunday, July 30th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $92.00 price target (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research note on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $87.81.

In other news, insider Patrice Louvet sold 62,350 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $86.27, for a total value of $5,378,934.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suranjan Magesvaran sold 10,512 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 203,898 shares of company stock valued at $17,666,387. Corporate insiders own 0.35% of the company’s stock.

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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