Jentner Corp lowered its position in The Procter & Gamble Company (NYSE:PG) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,245 shares of the company’s stock after selling 194 shares during the period. The Procter & Gamble comprises about 0.5% of Jentner Corp’s portfolio, making the stock its 16th largest holding. Jentner Corp’s holdings in The Procter & Gamble were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. First Command Bank boosted its position in The Procter & Gamble by 41.0% in the second quarter. First Command Bank now owns 23,980 shares of the company’s stock worth $2,868,000 after purchasing an additional 6,970 shares during the last quarter. CAPROCK Group Inc. boosted its holdings in shares of The Procter & Gamble by 2.9% in the 2nd quarter. CAPROCK Group Inc. now owns 49,554 shares of the company’s stock worth $5,925,000 after buying an additional 1,401 shares during the last quarter. Samalin Investment Counsel LLC grew its position in The Procter & Gamble by 16.8% during the second quarter. Samalin Investment Counsel LLC now owns 8,641 shares of the company’s stock valued at $1,033,000 after buying an additional 1,244 shares during the period. Wedge Capital Management L L P NC grew its position in The Procter & Gamble by 3.2% during the second quarter. Wedge Capital Management L L P NC now owns 5,274 shares of the company’s stock valued at $631,000 after buying an additional 162 shares during the period. Finally, CWS Financial Advisors LLC increased its holdings in The Procter & Gamble by 195.8% during the second quarter. CWS Financial Advisors LLC now owns 16,267 shares of the company’s stock worth $1,945,000 after buying an additional 10,768 shares during the last quarter. 62.81% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on PG. Barclays reissued a “buy” rating on shares of The Procter & Gamble in a research report on Sunday, August 2nd. Jefferies Financial Group increased their price objective on The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a report on Monday, October 12th. Deutsche Bank Aktiengesellschaft boosted their target price on The Procter & Gamble from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. SunTrust Banks increased their price target on The Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Finally, Berenberg Bank lifted their price objective on The Procter & Gamble from $136.00 to $149.00 and gave the stock a “hold” rating in a report on Friday. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The Procter & Gamble currently has an average rating of “Buy” and an average target price of $137.87.

In related news, VP Valarie L. Sheppard sold 14,800 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $130.00, for a total value of $1,924,000.00. Following the transaction, the vice president now directly owns 39,929 shares in the company, valued at $5,190,770. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Valarie L. Sheppard sold 2,922 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $136.53, for a total transaction of $398,940.66. The disclosure for this sale can be found here. Insiders sold 272,757 shares of company stock worth $36,738,374 in the last quarter. 0.70% of the stock is currently owned by company insiders.

Shares of PG opened at $144.39 on Friday. The Procter & Gamble Company has a twelve month low of $94.34 and a twelve month high of $145.87. The stock has a market cap of $359.48 billion, a PE ratio of 29.11, a P/E/G ratio of 3.45 and a beta of 0.43. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $138.93 and its 200-day moving average price is $125.52.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The company had revenue of $17.70 billion during the quarter, compared to analysts’ expectations of $16.97 billion. During the same quarter in the previous year, the company earned $1.10 earnings per share. The Procter & Gamble’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post 5.4 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be issued a $0.7907 dividend. The ex-dividend date of this dividend is Thursday, October 22nd. This represents a $3.16 annualized dividend and a dividend yield of 2.19%. The Procter & Gamble’s payout ratio is currently 61.72%.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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