First Fiduciary Investment Counsel Inc. Has $13.75 Million Stock Holdings in Procter & Gamble Co (NYSE:PG)

First Fiduciary Investment Counsel Inc. decreased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,972 shares of the company’s stock after selling 3,410 shares during the quarter. Procter & Gamble makes up 3.6% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 11th biggest position. First Fiduciary Investment Counsel Inc.’s holdings in Procter & Gamble were worth $13,747,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Allred Capital Management LLC grew its holdings in Procter & Gamble by 0.5% during the first quarter. Allred Capital Management LLC now owns 15,959 shares of the company’s stock worth $1,755,000 after buying an additional 83 shares in the last quarter. Palisade Capital Management LLC NJ grew its stake in Procter & Gamble by 0.7% in the 4th quarter. Palisade Capital Management LLC NJ now owns 11,875 shares of the company’s stock valued at $1,483,000 after purchasing an additional 84 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in Procter & Gamble by 0.3% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 24,717 shares of the company’s stock valued at $3,042,000 after purchasing an additional 85 shares during the period. Jolley Asset Management LLC grew its stake in Procter & Gamble by 4.2% in the 1st quarter. Jolley Asset Management LLC now owns 2,105 shares of the company’s stock valued at $232,000 after purchasing an additional 85 shares during the period. Finally, First Financial Corp IN grew its stake in Procter & Gamble by 0.6% in the 1st quarter. First Financial Corp IN now owns 14,418 shares of the company’s stock valued at $1,586,000 after purchasing an additional 86 shares during the period. 63.44% of the stock is owned by institutional investors and hedge funds.

In other Procter & Gamble news, CEO David S. Taylor sold 30,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $115.47, for a total value of $3,464,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO R. Alexandra Keith sold 7,360 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $120.00, for a total value of $883,200.00. Following the completion of the sale, the chief executive officer now directly owns 44,746 shares in the company, valued at approximately $5,369,520. The disclosure for this sale can be found here. Insiders have sold a total of 8,963,114 shares of company stock worth $1,067,197,986 in the last three months. 1.75% of the stock is currently owned by insiders.

A number of research analysts have issued reports on the company. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and reduced their price objective for the company from $130.00 to $128.00 in a research note on Monday, March 30th. Deutsche Bank upped their price objective on Procter & Gamble from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Royal Bank of Canada restated a “hold” rating and issued a $120.00 price objective on shares of Procter & Gamble in a research note on Tuesday, April 14th. Bank of America restated a “buy” rating and issued a $135.00 price objective on shares of Procter & Gamble in a research note on Saturday, April 18th. Finally, Argus upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Thursday, March 26th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Procter & Gamble currently has an average rating of “Buy” and an average price target of $130.31.

PG traded up $1.15 during trading on Monday, reaching $117.07. 1,806,792 shares of the company were exchanged, compared to its average volume of 7,504,056. The company’s 50-day moving average is $116.38 and its two-hundred day moving average is $119.91. The company has a market cap of $286.13 billion, a price-to-earnings ratio of 65.30, a P/E/G ratio of 3.26 and a beta of 0.42. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.52. Procter & Gamble Co has a 12-month low of $94.34 and a 12-month high of $128.09.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.04. The business had revenue of $17.21 billion for the quarter, compared to analysts’ expectations of $17.29 billion. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 EPS. Equities analysts forecast that Procter & Gamble Co will post 4.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a dividend of $0.7907 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $3.16 dividend on an annualized basis and a yield of 2.70%. Procter & Gamble’s dividend payout ratio is 69.91%.

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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