Armbruster Capital Management Inc. cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 16.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,010 shares of the company’s stock after selling 784 shares during the quarter. Armbruster Capital Management Inc.’s holdings in Procter & Gamble Company (The) were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. lifted its position in Procter & Gamble Company (The) by 11.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after purchasing an additional 170 shares during the last quarter. Winfield Associates Inc. lifted its position in Procter & Gamble Company (The) by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after purchasing an additional 15 shares during the last quarter. Watermark Asset Management Inc. bought a new stake in Procter & Gamble Company (The) during the first quarter valued at approximately $201,000. Security National Bank of SO Dak bought a new stake in Procter & Gamble Company (The) during the first quarter valued at approximately $206,000. Finally, Proficio Capital Partners LLC lifted its position in Procter & Gamble Company (The) by 85.5% during the first quarter. Proficio Capital Partners LLC now owns 2,506 shares of the company’s stock valued at $217,000 after purchasing an additional 1,155 shares during the last quarter. Institutional investors and hedge funds own 59.74% of the company’s stock.

PG has been the topic of several research reports. Jefferies Group LLC reissued a “buy” rating and set a $103.00 price target on shares of Procter & Gamble Company (The) in a research note on Thursday, September 7th. Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research note on Tuesday, August 1st. BidaskClub raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Bank of America Corporation lifted their price target on shares of Procter & Gamble Company (The) from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Finally, Vetr raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $93.02 price target on the stock in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $88.83.

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In other Procter & Gamble Company (The) news, insider Marylynn Fergusonmchugh sold 2,856 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $92.98, for a total transaction of $265,550.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $587,399.28. Following the transaction, the chief executive officer now directly owns 134,884 shares in the company, valued at $12,414,723.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,136 shares of company stock worth $3,525,029. Insiders own 0.35% of the company’s stock.

Procter & Gamble Company (NYSE:PG) opened at $86.58 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. The stock has a market cap of $219,649.83, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66. Procter & Gamble Company has a 1 year low of $81.18 and a 1 year high of $94.67.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble Company (The) 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 period in the previous year, the firm earned $1.03 EPS. equities research analysts predict that Procter & Gamble Company will post 4.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be given a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, October 19th. Procter & Gamble Company (The)’s payout ratio is currently 48.51%.

Procter & Gamble Company (The) 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 Company (The) (NYSE:PG)

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