Searle & CO. cut its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 18,362 shares of the company’s stock after selling 122 shares during the period. Searle & CO.’s holdings in Procter & Gamble Company (The) were worth $1,600,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PG. Baltimore Washington Financial Advisors Inc. acquired a new stake in Procter & Gamble Company (The) during the fourth quarter valued at approximately $8,515,000. 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 valued at $107,000 after buying an additional 526 shares in 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 valued at $144,000 after buying an additional 170 shares in 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 valued at $148,000 after buying an additional 240 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. acquired a new stake in Procter & Gamble Company (The) during the first quarter valued at approximately $184,000. Institutional investors own 59.69% of the company’s stock.

Procter & Gamble Company (PG) traded down 0.44% during mid-day trading on Friday, hitting $91.34. 7,094,246 shares of the stock traded hands. The firm has a market capitalization of $232.92 billion, a P/E ratio of 16.33 and a beta of 0.68. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $92.08. The company has a 50-day moving average of $89.05 and a 200 day moving average of $88.93.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be issued a $0.6896 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.02%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 49.37%.

ILLEGAL ACTIVITY WARNING: This piece was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.watchlistnews.com/procter-gamble-company-the-nysepg-shares-sold-by-searle-co/1479827.html.

PG has been the subject of several analyst reports. 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 Monday, April 24th. Vetr upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price target for the company in a report on Wednesday, April 26th. Zacks Investment Research lowered shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Jefferies Group LLC restated a “buy” rating and set a $103.00 price target on shares of Procter & Gamble Company (The) in a report on Wednesday, April 26th. Finally, Deutsche Bank AG restated a “hold” rating and set a $92.00 price target (up previously from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $87.81.

In other Procter & Gamble Company (The) news, insider Ioannis Skoufalos sold 3,879 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $86.17, for a total value of $334,253.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 203,898 shares of company stock valued at $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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.