M&R Capital Management Inc. Sells 902 Shares of Procter & Gamble Co (NYSE:PG)

M&R Capital Management Inc. trimmed its stake in Procter & Gamble Co (NYSE:PG) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,496 shares of the company’s stock after selling 902 shares during the period. M&R Capital Management Inc.’s holdings in Procter & Gamble were worth $2,711,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bath Savings Trust Co lifted its holdings in shares of Procter & Gamble by 0.4% in the fourth quarter. Bath Savings Trust Co now owns 29,067 shares of the company’s stock worth $2,672,000 after buying an additional 110 shares in the last quarter. NewSquare Capital LLC lifted its holdings in shares of Procter & Gamble by 0.7% in the fourth quarter. NewSquare Capital LLC now owns 16,496 shares of the company’s stock worth $1,516,000 after buying an additional 115 shares in the last quarter. San Francisco Sentry Investment Group CA raised its stake in Procter & Gamble by 1.0% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 11,760 shares of the company’s stock valued at $1,081,000 after purchasing an additional 115 shares in the last quarter. Meritage Portfolio Management raised its stake in Procter & Gamble by 2.6% during the fourth quarter. Meritage Portfolio Management now owns 4,656 shares of the company’s stock valued at $428,000 after purchasing an additional 116 shares in the last quarter. Finally, Cottage Street Advisors LLC raised its stake in Procter & Gamble by 1.7% during the fourth quarter. Cottage Street Advisors LLC now owns 7,014 shares of the company’s stock valued at $645,000 after purchasing an additional 119 shares in the last quarter. 62.25% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Deborah P. Majoras sold 6,161 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $103.10, for a total value of $635,199.10. Following the completion of the transaction, the insider now directly owns 44,996 shares of the company’s stock, valued at $4,639,087.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David S. Taylor sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $106.83, for a total value of $2,136,600.00. Following the completion of the sale, the chairman now owns 246,837 shares of the company’s stock, valued at approximately $26,369,596.71. The disclosure for this sale can be found here. In the last quarter, insiders have sold 320,840 shares of company stock worth $33,904,086. Insiders own 1.84% of the company’s stock.

PG stock traded down $0.13 during midday trading on Friday, reaching $109.65. The stock had a trading volume of 12,150,661 shares, compared to its average volume of 7,462,889. The firm has a fifty day moving average price of $107.95. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39. The stock has a market cap of $275.36 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 3.53 and a beta of 0.41. Procter & Gamble Co has a 52-week low of $77.29 and a 52-week high of $112.63.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The company had revenue of $16.46 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter last year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Procter & Gamble Co will post 4.48 EPS for the current fiscal year.

PG has been the topic of a number of recent research reports. Morgan Stanley set a $111.00 price objective on shares of Procter & Gamble and gave the company a “buy” rating in a research report on Thursday, March 28th. Goldman Sachs Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and increased their price target for the company from $114.00 to $125.00 in a research report on Thursday. Deutsche Bank increased their price objective on shares of Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a research report on Monday, June 17th. Credit Suisse Group set a $100.00 price objective on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Friday, May 10th. Finally, Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $102.32.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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