Prospera Financial Services Inc cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 17.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,325 shares of the company’s stock after selling 2,804 shares during the period. Prospera Financial Services Inc’s holdings in Procter & Gamble Company (The) were worth $1,162,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PG. Integrated Investment Consultants LLC increased its position in shares of Procter & Gamble Company (The) by 1.1% in the first quarter. Integrated Investment Consultants LLC now owns 14,017 shares of the company’s stock valued at $1,259,000 after buying an additional 150 shares during the last quarter. Lincluden Management Ltd. increased its position in shares of Procter & Gamble Company (The) by 8.0% in the fourth quarter. Lincluden Management Ltd. now owns 119,056 shares of the company’s stock valued at $10,010,000 after buying an additional 8,822 shares during the last quarter. Cigna Investments Inc. New purchased a new position in shares of Procter & Gamble Company (The) during the fourth quarter valued at approximately $8,507,000. Hefty Wealth Partners increased its position in shares of Procter & Gamble Company (The) by 1,730.0% in the first quarter. Hefty Wealth Partners now owns 11,730 shares of the company’s stock valued at $1,053,000 after buying an additional 11,089 shares during the last quarter. Finally, Barings LLC increased its position in shares of Procter & Gamble Company (The) by 5.8% in the fourth quarter. Barings LLC now owns 1,111,972 shares of the company’s stock valued at $93,495,000 after buying an additional 60,900 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Company (NYSE:PG) traded up 0.526% during mid-day trading on Wednesday, reaching $92.685. 3,986,882 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $89.19 and a 200-day moving average price of $89.03. Procter & Gamble Company has a 12-month low of $81.18 and a 12-month high of $92.95. The stock has a market capitalization of $236.35 billion, a PE ratio of 16.572 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The business had revenue of $16.08 billion during the quarter, compared to analyst estimates of $16.01 billion. During the same quarter last year, the business earned $0.79 earnings per share. Procter & Gamble Company (The)’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect that Procter & Gamble Company will post $4.17 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st were given a dividend of $0.6896 per share. The ex-dividend date was Wednesday, July 19th. This represents a $2.76 annualized dividend and a yield of 2.99%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is currently 49.37%.

COPYRIGHT VIOLATION NOTICE: “Prospera Financial Services Inc Has $1.16 Million Position in Procter & Gamble Company (The) (PG)” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/prospera-financial-services-inc-has-1-16-million-position-in-procter-gamble-company-the-pg/1496160.html.

Several research analysts have commented on PG shares. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 price target on shares of Procter & Gamble Company (The) in a report on Monday, April 24th. Vetr raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price objective for the company in a report on Wednesday, April 26th. Zacks Investment Research downgraded shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $103.00 price objective on shares of Procter & Gamble Company (The) in a report on Wednesday, April 26th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $92.00 price objective (up from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $87.81.

In other news, insider Ioannis Skoufalos sold 3,879 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $86.17, for a total value of $334,253.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrice Louvet sold 29,621 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $86.01, for a total transaction of $2,547,702.21. Following the completion of the sale, the insider now owns 76,651 shares of the company’s stock, valued at approximately $6,592,752.51. The disclosure for this sale can be found here. Insiders have sold 141,548 shares of company stock valued at $12,287,453 in the last quarter. 0.35% of the stock is 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.

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 Company (The) (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.