Nicholas Hoffman & Company LLC. increased its stake in Procter & Gamble Company (The) (NYSE:PG) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,370 shares of the company’s stock after buying an additional 657 shares during the period. Procter & Gamble comprises about 1.3% of Nicholas Hoffman & Company LLC.’s investment portfolio, making the stock its 16th largest position. Nicholas Hoffman & Company LLC.’s holdings in Procter & Gamble were worth $2,908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Trillium Asset Management LLC boosted its holdings in Procter & Gamble by 2.0% in the second quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock worth $14,842,000 after purchasing an additional 3,387 shares during the period. Holderness Investments Co. boosted its holdings in Procter & Gamble by 78.2% in the first quarter. Holderness Investments Co. now owns 21,467 shares of the company’s stock worth $1,929,000 after purchasing an additional 9,419 shares during the period. Barrett Asset Management LLC boosted its holdings in Procter & Gamble by 3.3% in the second quarter. Barrett Asset Management LLC now owns 137,397 shares of the company’s stock worth $11,974,000 after purchasing an additional 4,325 shares during the period. Thomaspartners Inc. boosted its holdings in Procter & Gamble by 9.9% in the first quarter. Thomaspartners Inc. now owns 2,483,566 shares of the company’s stock worth $223,148,000 after purchasing an additional 224,714 shares during the period. Finally, Whittier Trust Co. boosted its holdings in Procter & Gamble by 0.7% in the second quarter. Whittier Trust Co. now owns 287,996 shares of the company’s stock worth $25,099,000 after purchasing an additional 2,113 shares during the period. Institutional investors and hedge funds own 59.54% of the company’s stock.

Shares of Procter & Gamble Company (PG) traded up $0.27 on Friday, hitting $90.37. 5,580,725 shares of the stock traded hands, compared to its average volume of 6,196,935. The firm has a market capitalization of $228,579.91, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 2.90 and a beta of 0.67. Procter & Gamble Company has a 52 week low of $83.24 and a 52 week high of $94.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Friday, October 20th were issued a $0.6896 dividend. This represents a $2.76 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, October 19th. Procter & Gamble’s payout ratio is currently 48.51%.

In related news, insider Marylynn Fergusonmchugh sold 4,363 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the sale, the insider now owns 85,495 shares of the company’s stock, valued at $7,438,065. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.18, for a total transaction of $472,654.00. Following the completion of the sale, the insider now directly owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. Insiders sold 21,575 shares of company stock valued at $1,927,095 in the last ninety days. Corporate insiders own 0.35% of the company’s stock.

A number of research firms have commented on PG. Jefferies Group reaffirmed a “buy” rating and issued a $88.23 price objective (down previously from $99.00) on shares of Procter & Gamble in a report on Thursday, November 16th. Vetr downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price target for the company. in a report on Tuesday, November 7th. Morgan Stanley reduced their price target on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, October 24th. Royal Bank Of Canada reissued a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. Finally, Stifel Nicolaus set a $87.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. Procter & Gamble currently has a consensus rating of “Hold” and a consensus target price of $87.81.

TRADEMARK VIOLATION NOTICE: “Procter & Gamble Company (The) (PG) Shares Bought by Nicholas Hoffman & Company LLC.” was reported by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.watchlistnews.com/procter-gamble-company-the-pg-shares-bought-by-nicholas-hoffman-company-llc/1754092.html.

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.

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 (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.