Stokes & Hubbell Capital Management LLC Trims Stake in Procter & Gamble Co (NYSE:PG)

Stokes & Hubbell Capital Management LLC reduced its position in shares of Procter & Gamble Co (NYSE:PG) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,760 shares of the company’s stock after selling 1,468 shares during the period. Procter & Gamble accounts for approximately 1.0% of Stokes & Hubbell Capital Management LLC’s portfolio, making the stock its 28th largest position. Stokes & Hubbell Capital Management LLC’s holdings in Procter & Gamble were worth $3,708,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PG. Asset Planning Services Ltd. lifted its holdings in Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares during the period. Northwest Wealth Management LLC lifted its holdings in Procter & Gamble by 0.3% in the second quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock worth $223,000 after buying an additional 8 shares during the period. Winfield Associates Inc. increased its stake in shares of Procter & Gamble by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after purchasing an additional 15 shares in the last quarter. Cascade Investment Advisors Inc. increased its stake in shares of Procter & Gamble by 0.5% during the second quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock valued at $296,000 after purchasing an additional 17 shares in the last quarter. Finally, RB Capital Management LLC increased its stake in shares of Procter & Gamble by 0.3% during the first quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 59.56% of the company’s stock.

Procter & Gamble Co (NYSE:PG) traded down $0.32 during trading hours on Thursday, reaching $90.15. 5,461,200 shares of the company’s stock were exchanged, compared to its average volume of 6,470,000. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. Procter & Gamble Co has a fifty-two week low of $83.28 and a fifty-two week high of $94.67. The company has a market cap of $228,710.00, a P/E ratio of 24.10, a PEG ratio of 2.93 and a beta of 0.67.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a net margin of 17.23% and a return on equity of 20.73%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 EPS. equities analysts predict that Procter & Gamble Co will post 4.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is presently 73.80%.

A number of brokerages have weighed in on PG. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Monday. Deutsche Bank began coverage on shares of Procter & Gamble in a research note on Tuesday, December 19th. They set a “buy” rating and a $91.88 target price for the company. Jefferies Group reaffirmed a “buy” rating and set a $99.00 target price on shares of Procter & Gamble in a research note on Monday, December 18th. Wells Fargo & Co reaffirmed a “hold” rating and set a $88.00 target price on shares of Procter & Gamble in a research note on Sunday, December 17th. Finally, Vetr downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price target for the company. in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $89.31.

In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble stock in a transaction on Monday, October 16th. The shares were sold at an average price of $92.98, for a total transaction of $265,550.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. Following the transaction, the insider now owns 20,135 shares in the company, valued at approximately $1,794,229.85. The disclosure for this sale can be found here. Insiders have sold a total of 21,575 shares of company stock worth $1,927,095 in the last quarter. Corporate insiders own 0.35% of the company’s stock.

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Procter & Gamble 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.

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

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