Teachers Retirement System of The State of Kentucky lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 8.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 302,615 shares of the company’s stock after selling 28,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Procter & Gamble Company (The) were worth $27,190,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the company. RB Capital Management LLC boosted its position in shares of Procter & Gamble Company (The) by 0.3% in the first quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after buying an additional 20 shares in the last quarter. Paradigm Financial Advisors LLC boosted its position in shares of Procter & Gamble Company (The) by 0.4% in the first quarter. Paradigm Financial Advisors LLC now owns 6,842 shares of the company’s stock valued at $614,000 after buying an additional 25 shares in the last quarter. Cottage Street Advisors LLC boosted its position in shares of Procter & Gamble Company (The) by 0.4% in the first quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock valued at $615,000 after buying an additional 25 shares in the last quarter. American Economic Planning Group Inc. ADV boosted its position in shares of Procter & Gamble Company (The) by 0.3% in the first quarter. American Economic Planning Group Inc. ADV now owns 10,827 shares of the company’s stock valued at $973,000 after buying an additional 33 shares in the last quarter. Finally, Highwater Wealth Management LLC boosted its position in shares of Procter & Gamble Company (The) by 1.2% in the first quarter. Highwater Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $293,000 after buying an additional 39 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Company (PG) traded up 0.64% during trading on Wednesday, reaching $92.79. The company had a trading volume of 2,194,180 shares. The company has a 50-day moving average price of $89.19 and a 200 day moving average price of $89.03. The stock has a market cap of $236.62 billion, a PE ratio of 16.59 and a beta of 0.68. Procter & Gamble Company has a 52-week low of $81.18 and a 52-week high of $92.91.

Procter & Gamble Company (The) (NYSE:PG) last released its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. The company 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%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 earnings per share. On average, analysts anticipate that Procter & Gamble Company will post $4.17 earnings per share for the current year.

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

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Several brokerages recently issued reports on PG. UBS AG reaffirmed a “buy” rating and set a $102.00 price objective (down from $104.00) on shares of Procter & Gamble Company (The) in a report on Friday, April 28th. Capital One Financial Corporation cut Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $5.00 to $2.00 in a report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a report on Friday, June 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $100.00 price objective (up from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, Stifel Nicolaus reduced their price objective on Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating for the company in a report on Thursday, April 27th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $87.81.

In related news, insider Patrice Louvet sold 49,226 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $86.46, for a total transaction of $4,256,079.96. Following the completion of the sale, the insider now directly owns 93,656 shares in the company, valued at $8,097,497.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ioannis Skoufalos sold 3,879 shares of the 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. Over the last quarter, insiders have sold 141,548 shares of company stock valued at $12,287,453. 0.35% of the stock is owned by corporate 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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