Pillar Pacific Capital Management LLC decreased its stake in Procter & Gamble Company (The) (NYSE:PG) by 7.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,556 shares of the company’s stock after selling 3,925 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Procter & Gamble Company (The) were worth $4,183,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of PG. Asset Planning Services Ltd. raised its position in Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in 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. Edge Wealth Management LLC raised its position in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares during the last quarter. Feltz Wealth PLAN Inc. acquired a new position in Procter & Gamble Company (The) during the first quarter worth $184,000. Finally, Colorado Capital Management Inc. acquired a new position in Procter & Gamble Company (The) during the first quarter worth $219,000. 59.32% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Company (NYSE:PG) traded down 0.11% during mid-day trading on Tuesday, hitting $92.37. The stock had a trading volume of 712,455 shares. The company has a market cap of $235.54 billion, a price-to-earnings ratio of 16.52 and a beta of 0.68. The firm’s 50-day moving average is $90.21 and its 200 day moving average is $89.30. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.96.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. The firm had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. Procter & Gamble Company (The)’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 EPS. Equities analysts anticipate 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 Tuesday, August 15th. Stockholders of record on Friday, July 21st were paid a $0.6896 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $2.76 annualized dividend and a dividend yield of 2.98%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 49.37%.

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A number of research analysts recently weighed in on PG shares. Vetr raised Procter & Gamble Company (The) from a “buy” rating to a “strong-buy” rating and set a $96.50 target price on the stock in a report on Thursday, May 18th. Zacks Investment Research lowered Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Deutsche Bank AG reissued a “hold” rating and set a $92.00 target price (up from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. BidaskClub raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $90.00 target price (up from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $87.48.

In other news, insider Suranjan Magesvaran sold 10,512 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $91.00, for a total value of $956,592.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total value of $1,869,213.75. The disclosure for this sale can be found here. Insiders sold a total of 45,792 shares of company stock valued at $4,216,070 over the last 90 days. 0.35% of the stock is currently owned by company insiders.

About Procter & Gamble Company (The)

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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