Two Sigma Securities LLC boosted its stake in Procter & Gamble Company (The) (NYSE:PG) by 70.3% during the first quarter, Holdings Channel reports. The institutional investor owned 14,754 shares of the company’s stock after buying an additional 6,089 shares during the period. Two Sigma Securities LLC’s holdings in Procter & Gamble Company (The) were worth $1,326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. NS Partners Ltd boosted its position in shares of Procter & Gamble Company (The) by 0.4% in the first quarter. NS Partners Ltd now owns 104,567 shares of the company’s stock valued at $9,395,000 after buying an additional 396 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in shares of Procter & Gamble Company (The) during the first quarter valued at about $6,390,000. MEMBERS Trust Co purchased a new position in shares of Procter & Gamble Company (The) during the first quarter valued at about $1,087,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Procter & Gamble Company (The) during the first quarter valued at about $1,067,000. Finally, Logan Capital Management Inc. boosted its position in shares of Procter & Gamble Company (The) by 4.2% in the first quarter. Logan Capital Management Inc. now owns 114,356 shares of the company’s stock valued at $10,275,000 after buying an additional 4,600 shares in the last quarter. Hedge funds and other institutional investors own 59.69% of the company’s stock.

Shares of Procter & Gamble Company (NYSE PG) traded down 0.44% during trading on Friday, reaching $91.34. The company’s stock had a trading volume of 7,094,246 shares. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.08. The company has a 50-day moving average price of $89.05 and a 200-day moving average price of $88.93. The stock has a market cap of $232.92 billion, a price-to-earnings ratio of 16.33 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings results 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. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business had revenue of $16.08 billion for the quarter, compared to the consensus estimate of $16.01 billion. During the same quarter in the prior year, the company earned $0.79 EPS. The business’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be paid a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, July 19th. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is currently 49.37%.

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Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Sanford C. Bernstein restated an “outperform” rating and issued a $100.00 target price (up previously from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Stifel Nicolaus restated a “hold” rating and issued a $90.00 target price (up previously from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $92.00 target price (up previously from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. Procter & Gamble Company (The) currently has an average rating of “Hold” and a consensus price target of $87.81.

In related news, insider Patrice Louvet sold 62,350 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $86.27, for a total transaction of $5,378,934.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ioannis Skoufalos sold 3,879 shares of the company’s 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 disclosure for this sale can be found here. Insiders have sold a total of 203,898 shares of company stock valued at $17,666,387 over the last 90 days. 0.35% of the stock is currently owned by company insiders.

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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