NEXT Financial Group Inc trimmed its stake in shares of Procter & Gamble Co (NYSE:PG) by 36.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,900 shares of the company’s stock after selling 11,173 shares during the quarter. NEXT Financial Group Inc’s holdings in Procter & Gamble were worth $1,852,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Buffington Mohr McNeal grew its holdings in Procter & Gamble by 183.5% during the 2nd quarter. Buffington Mohr McNeal now owns 7,030 shares of the company’s stock worth $613,000 after acquiring an additional 4,550 shares during the last quarter. Woodstock Corp grew its holdings in Procter & Gamble by 0.4% during the 2nd quarter. Woodstock Corp now owns 110,139 shares of the company’s stock worth $9,599,000 after acquiring an additional 390 shares during the last quarter. Financial & Investment Management Group Ltd. grew its holdings in Procter & Gamble by 2.4% during the 2nd quarter. Financial & Investment Management Group Ltd. now owns 9,228 shares of the company’s stock worth $804,000 after acquiring an additional 212 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Procter & Gamble by 0.4% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 72,299 shares of the company’s stock worth $6,301,000 after acquiring an additional 306 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in Procter & Gamble by 513.2% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 419,082 shares of the company’s stock worth $36,523,000 after acquiring an additional 350,740 shares during the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Jefferies Group reissued a “buy” rating and set a $99.00 target price on shares of Procter & Gamble in a report on Monday, December 18th. Wells Fargo & Co reissued a “hold” rating and set a $88.00 target price on shares of Procter & Gamble in a report on Sunday, December 17th. Deutsche Bank assumed coverage on shares of Procter & Gamble in a report on Tuesday, December 19th. They set a “buy” rating and a $91.88 target price on the stock. Finally, Goldman Sachs Group raised shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price on the stock in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $88.38.

In other news, insider Marc S. Pritchard sold 46,842 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total value of $4,169,406.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kathleen B. Fish sold 10,192 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $86.97, for a total transaction of $886,398.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,981 shares of company stock worth $6,739,389. Insiders own 0.35% of the company’s stock.

Shares of Procter & Gamble Co (NYSE PG) opened at $81.84 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. Procter & Gamble Co has a 12 month low of $80.10 and a 12 month high of $94.67. The company has a market cap of $207,620.00, a price-to-earnings ratio of 21.82, a PEG ratio of 2.53 and a beta of 0.51.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The company had revenue of $17.40 billion for the quarter, compared to analyst estimates of $17.39 billion. During the same period in the prior year, the firm posted $1.08 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. sell-side analysts anticipate that Procter & Gamble Co will post 4.2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 73.60%.

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Procter & Gamble 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.

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

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