Procter & Gamble Company (The) (NYSE:PG) is AMI Investment Management Inc.’s 10th Largest Position

AMI Investment Management Inc. reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 22.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,667 shares of the company’s stock after selling 11,551 shares during the period. Procter & Gamble Company (The) accounts for about 2.9% of AMI Investment Management Inc.’s portfolio, making the stock its 10th largest position. AMI Investment Management Inc.’s holdings in Procter & Gamble Company (The) were worth $4,045,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Empirical Finance LLC bought a new stake in Procter & Gamble Company (The) during the fourth quarter worth about $101,000. Asset Planning Services Ltd. increased its stake in Procter & Gamble Company (The) by 79.7% in the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock worth $107,000 after buying an additional 526 shares during the last quarter. Edge Wealth Management LLC increased its stake in Procter & Gamble Company (The) by 17.1% in the first quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after buying an additional 240 shares during the last quarter. Feltz Wealth PLAN Inc. bought a new stake in Procter & Gamble Company (The) during the first quarter worth about $184,000. Finally, Intellectus Partners LLC bought a new stake in Procter & Gamble Company (The) during the fourth quarter worth about $215,000. Hedge funds and other institutional investors own 59.81% of the company’s stock.

Shares of Procter & Gamble Company (NYSE:PG) opened at 88.61 on Friday. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $92.00. The firm has a 50-day moving average of $88.25 and a 200 day moving average of $88.33. The stock has a market capitalization of $226.63 billion, a PE ratio of 16.29 and a beta of 0.68.

Procter & Gamble Company (The) (NYSE:PG) last released its earnings results on Wednesday, April 26th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.94 by $0.02. The business had revenue of $15.61 billion during the quarter, compared to analyst estimates of $15.70 billion. Procter & Gamble Company (The) had a net margin of 23.14% and a return on equity of 19.30%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 earnings per share. On average, equities analysts anticipate that Procter & Gamble Company will post $3.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be given a $0.6896 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.11%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is presently 50.55%.

PG has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Royal Bank Of Canada reiterated a “hold” rating and set a $80.00 price target on shares of Procter & Gamble Company (The) in a research report on Monday, April 24th. Vetr upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 price target for the company in a research report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $103.00 price target on shares of Procter & Gamble Company (The) in a research report on Wednesday, April 26th. Finally, BidaskClub downgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $87.16.

In related news, insider Steven D. Bishop sold 2,668 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $87.34, for a total value of $233,023.12. Following the completion of the sale, the insider now owns 43,608 shares in the company, valued at approximately $3,808,722.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ioannis Skoufalos sold 3,879 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $86.17, for a total transaction of $334,253.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 199,891 shares of company stock valued at $17,276,637. 0.35% of the stock is owned by 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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