Harvey Capital Management Inc. held its position in Procter & Gamble Company (The) (NYSE:PG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,200 shares of the company’s stock at the end of the second quarter. Harvey Capital Management Inc.’s holdings in Procter & Gamble Company (The) were worth $278,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of PG. Wallace Capital Management Inc. increased its stake in shares of Procter & Gamble Company (The) by 1.4% in the fourth quarter. Wallace Capital Management Inc. now owns 30,278 shares of the company’s stock valued at $2,546,000 after buying an additional 432 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Procter & Gamble Company (The) by 4.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 8,766,489 shares of the company’s stock valued at $737,087,000 after buying an additional 406,412 shares in the last quarter. Pacific Global Investment Management CO increased its stake in shares of Procter & Gamble Company (The) by 0.4% in the fourth quarter. Pacific Global Investment Management CO now owns 91,627 shares of the company’s stock valued at $7,704,000 after buying an additional 382 shares in the last quarter. GLG LLC increased its stake in shares of Procter & Gamble Company (The) by 100.9% in the fourth quarter. GLG LLC now owns 143,149 shares of the company’s stock valued at $12,036,000 after buying an additional 71,899 shares in the last quarter. Finally, Tudor Investment Corp Et Al acquired a new stake in shares of Procter & Gamble Company (The) during the fourth quarter valued at about $1,318,000. Institutional investors own 59.48% of the company’s stock.
Shares of Procter & Gamble Company (PG) traded up 0.57% on Tuesday, reaching $92.17. 2,368,615 shares of the company’s stock were exchanged. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $92.26. The firm’s 50-day moving average price is $89.11 and its 200 day moving average price is $88.99. The company has a market cap of $235.03 billion, a price-to-earnings ratio of 16.48 and a beta of 0.68.
Procter & Gamble Company (The) (NYSE:PG) last announced its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The firm had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. During the same quarter in the prior year, the business posted $0.79 EPS. The business’s revenue was down .1% compared to the same quarter last year. Equities research analysts predict that Procter & Gamble Company will post $4.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, July 21st will be given a dividend of $0.6896 per share. The ex-dividend date is Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.01%. Procter & Gamble Company (The)’s payout ratio is presently 49.37%.
PG has been the topic of several research analyst reports. Zacks Investment Research raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research report on Tuesday, August 1st. Vetr downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating and set a $83.75 price target on the stock. in a research report on Monday, July 3rd. Stifel Nicolaus lowered their price target on Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating on the stock in a research report on Thursday, April 27th. Capital One Financial Corporation downgraded Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. Finally, BidaskClub downgraded Procter & Gamble Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $87.81.
In other Procter & Gamble Company (The) news, insider Patrice Louvet sold 29,621 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $86.01, for a total transaction of $2,547,702.21. Following the transaction, the insider now owns 76,651 shares in the company, valued at approximately $6,592,752.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Suranjan Magesvaran sold 10,512 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $91.00, for a total transaction of $956,592.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 203,898 shares of company stock worth $17,666,387. Company insiders own 0.35% of the company’s stock.
About Procter & Gamble Company (The)
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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