Summit Global Investments raised its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 19.4% during the first quarter, Holdings Channel reports. The institutional investor owned 62,094 shares of the company’s stock after buying an additional 10,105 shares during the period. Procter & Gamble Company (The) accounts for about 1.8% of Summit Global Investments’ portfolio, making the stock its 8th largest position. Summit Global Investments’ holdings in Procter & Gamble Company (The) were worth $5,579,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. RB Capital Management LLC boosted its position in Procter & Gamble Company (The) by 0.3% in the first quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock worth $655,000 after buying an additional 20 shares in the last quarter. Paradigm Financial Advisors LLC boosted its position in Procter & Gamble Company (The) by 0.4% in the first quarter. Paradigm Financial Advisors LLC now owns 6,842 shares of the company’s stock worth $614,000 after buying an additional 25 shares in the last quarter. Cottage Street Advisors LLC boosted its position in Procter & Gamble Company (The) by 0.4% in the first quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock worth $615,000 after buying an additional 25 shares in the last quarter. American Economic Planning Group Inc. ADV boosted its position in Procter & Gamble Company (The) by 0.3% in the first quarter. American Economic Planning Group Inc. ADV now owns 10,827 shares of the company’s stock worth $973,000 after buying an additional 33 shares in the last quarter. Finally, Highwater Wealth Management LLC boosted its position in Procter & Gamble Company (The) by 1.2% in the first quarter. Highwater Wealth Management LLC now owns 3,258 shares of the company’s stock worth $293,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Procter & Gamble Company (NYSE:PG) traded up 0.56% during trading on Monday, hitting $91.85. The company had a trading volume of 1,055,771 shares. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $92.08. The company’s 50 day moving average price is $89.05 and its 200-day moving average price is $88.93. The stock has a market capitalization of $234.22 billion, a price-to-earnings ratio of 16.42 and a beta of 0.68.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be given a dividend of $0.6896 per share. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 annualized dividend and a yield of 3.02%. Procter & Gamble Company (The)’s payout ratio is 49.37%.

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Several analysts have recently weighed in on PG shares. UBS AG restated a “buy” rating and set a $102.00 price target (down from $104.00) on shares of Procter & Gamble Company (The) in a report on Friday, April 28th. Capital One Financial Corporation cut Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $5.00 to $2.00 in a report on Thursday, June 22nd. Royal Bank Of Canada restated a “hold” rating and set a $80.00 price target on shares of Procter & Gamble Company (The) in a report on Friday, June 30th. Sanford C. Bernstein restated an “outperform” rating and set a $100.00 price target (up from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, Stifel Nicolaus reduced their price target on Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating on the stock in a report on Thursday, April 27th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $87.81.

In related news, insider Suranjan Magesvaran sold 10,512 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $91.00, for a total transaction of $956,592.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Patrice Louvet sold 62,350 shares of Procter & Gamble Company (The) stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $86.27, for a total value of $5,378,934.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 203,898 shares of company stock worth $17,666,387. 0.35% of the stock is owned by corporate insiders.

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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