Gofen & Glossberg LLC IL reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 0.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 810,400 shares of the company’s stock after selling 4,355 shares during the quarter. Procter & Gamble accounts for about 2.7% of Gofen & Glossberg LLC IL’s holdings, making the stock its 3rd largest holding. Gofen & Glossberg LLC IL’s holdings in Procter & Gamble were worth $70,626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Polaris Greystone Financial Group LLC lifted its stake in shares of Procter & Gamble by 0.8% in the 1st quarter. Polaris Greystone Financial Group LLC now owns 35,610 shares of the company’s stock valued at $3,200,000 after acquiring an additional 287 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of Procter & Gamble by 1.3% in the 1st quarter. Whittier Trust Co. now owns 285,883 shares of the company’s stock valued at $25,686,000 after acquiring an additional 3,787 shares during the last quarter. North Star Investment Management Corp. lifted its stake in shares of Procter & Gamble by 3.2% in the 1st quarter. North Star Investment Management Corp. now owns 44,576 shares of the company’s stock valued at $4,005,000 after acquiring an additional 1,377 shares during the last quarter. Tufton Capital Management lifted its stake in shares of Procter & Gamble by 0.5% in the 1st quarter. Tufton Capital Management now owns 111,997 shares of the company’s stock valued at $10,063,000 after acquiring an additional 558 shares during the last quarter. Finally, Biondo Investment Advisors LLC lifted its stake in shares of Procter & Gamble by 18.0% in the 1st quarter. Biondo Investment Advisors LLC now owns 3,275 shares of the company’s stock valued at $277,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 59.54% of the company’s stock.

Procter & Gamble Company (NYSE:PG) traded down $0.38 during mid-day trading on Wednesday, hitting $89.85. The company’s stock had a trading volume of 6,558,800 shares, compared to its average volume of 7,360,045. Procter & Gamble Company has a 1 year low of $83.24 and a 1 year high of $94.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75. The stock has a market cap of $228,909.73, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 2.90 and a beta of 0.67.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The firm had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. research analysts forecast that Procter & Gamble Company will post 4.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were issued a dividend of $0.6896 per share. The ex-dividend date was Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.07%. Procter & Gamble’s dividend payout ratio (DPR) is 48.51%.

A number of equities research analysts have recently weighed in on PG shares. BidaskClub raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Jefferies Group reissued a “buy” rating and issued a $92.44 target price (down previously from $103.00) on shares of Procter & Gamble in a research note on Thursday, August 17th. Bank of America upped their price target on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Vetr raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price target for the company in a research report on Monday, October 23rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $87.81.

In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the sale, the insider now owns 57,191 shares in the company, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. Insiders have sold a total of 21,575 shares of company stock worth $1,927,095 in the last quarter. Company insiders own 0.35% of the company’s stock.

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About Procter & Gamble

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.

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

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