Measured Wealth Private Client Group LLC Decreases Stock Holdings in Procter & Gamble Co (NYSE:PG)

Measured Wealth Private Client Group LLC trimmed its holdings in Procter & Gamble Co (NYSE:PG) by 39.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,540 shares of the company’s stock after selling 1,682 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Procter & Gamble were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PG. Phocas Financial Corp. lifted its stake in Procter & Gamble by 999,937.0% in the 2nd quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock worth $779,000 after purchasing an additional 71,055,523 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Procter & Gamble by 6,899.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock valued at $2,019,412,000 after buying an additional 18,153,758 shares during the period. FMR LLC raised its position in shares of Procter & Gamble by 26.4% during the 1st quarter. FMR LLC now owns 35,400,538 shares of the company’s stock valued at $3,683,425,000 after buying an additional 7,389,251 shares during the period. Vanguard Group Inc. raised its position in shares of Procter & Gamble by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock valued at $23,954,054,000 after buying an additional 3,786,962 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Procter & Gamble by 49.8% during the 2nd quarter. AQR Capital Management LLC now owns 9,086,135 shares of the company’s stock valued at $996,295,000 after buying an additional 3,019,494 shares during the period. 65.62% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Carolyn M. Tastad sold 10,662 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $118.00, for a total value of $1,258,116.00. Following the completion of the sale, the insider now directly owns 61,225 shares of the company’s stock, valued at $7,224,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Valarie L. Sheppard sold 17,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $120.20, for a total transaction of $2,043,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 448,674 shares of company stock valued at $53,197,461. 1.75% of the stock is owned by corporate insiders.

PG traded down $0.45 on Friday, reaching $121.49. The company had a trading volume of 1,485,798 shares, compared to its average volume of 6,660,306. Procter & Gamble Co has a 1 year low of $78.49 and a 1 year high of $125.36. The stock has a market capitalization of $302.64 billion, a PE ratio of 26.88, a P/E/G ratio of 3.51 and a beta of 0.42. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $121.79 and a 200-day moving average price of $112.57.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The firm had revenue of $17.09 billion during the quarter, compared to analysts’ expectations of $16.86 billion. During the same period in the previous year, the company earned $0.94 earnings per share. Procter & Gamble’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, analysts expect that Procter & Gamble Co will post 4.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a $0.7459 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $2.98 dividend on an annualized basis and a yield of 2.46%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

PG has been the subject of several research reports. UBS Group set a $122.00 target price on shares of Procter & Gamble and gave the company a “hold” rating in a report on Wednesday, July 31st. Deutsche Bank lifted their target price on shares of Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a report on Monday, June 17th. Goldman Sachs Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their target price for the company from $114.00 to $125.00 in a report on Thursday, June 27th. Wells Fargo & Co restated a “buy” rating and issued a $135.00 price target (up previously from $125.00) on shares of Procter & Gamble in a research note on Tuesday, July 30th. Finally, SunTrust Banks boosted their price target on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $108.95.

Procter & Gamble Company 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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