Kornitzer Capital Management Inc. KS lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 809,499 shares of the company’s stock after selling 11,900 shares during the period. Procter & Gamble Company (The) accounts for 1.2% of Kornitzer Capital Management Inc. KS’s holdings, making the stock its 4th biggest position. Kornitzer Capital Management Inc. KS’s holdings in Procter & Gamble Company (The) were worth $70,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its holdings in shares of 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 worth $144,000 after buying an additional 170 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new position in shares of Procter & Gamble Company (The) in the first quarter worth $184,000. Watermark Asset Management Inc. purchased a new position in shares of Procter & Gamble Company (The) in the first quarter worth $201,000. Winfield Associates Inc. raised its holdings in shares of Procter & Gamble Company (The) by 0.7% in the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after buying an additional 15 shares during the last quarter. Finally, Security National Bank of SO Dak purchased a new position in shares of Procter & Gamble Company (The) in the first quarter worth $206,000. 59.28% of the stock is owned by institutional investors and hedge funds.

In other news, insider Marylynn Fergusonmchugh sold 2,856 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David S. Taylor sold 6,382 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was 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. In the last 90 days, insiders have sold 48,648 shares of company stock valued at $4,481,621. 0.35% of the stock is owned by insiders.

A number of research analysts have issued reports on PG shares. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Procter & Gamble Company (The) in a report on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $104.00 price target on shares of Procter & Gamble Company (The) in a report on Tuesday, October 10th. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research lowered shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Company (The) in a research note on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. Procter & Gamble Company (The) presently has an average rating of “Hold” and an average target price of $89.11.

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Shares of Procter & Gamble Company (NYSE PG) opened at 88.25 on Friday. The company’s 50-day moving average is $92.46 and its 200 day moving average is $89.85. The firm has a market cap of $225.04 billion, a price-to-earnings ratio of 15.78 and a beta of 0.67. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $94.67.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The company had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. Procter & Gamble Company (The)’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. On average, analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The company 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. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.13%. Procter & Gamble Company (The)’s payout ratio is currently 49.37%.

Procter & Gamble Company (The) 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.

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

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