Brookstone Capital Management Trims Holdings in Procter & Gamble Co (PG)

Brookstone Capital Management decreased its position in Procter & Gamble Co (NYSE:PG) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,855 shares of the company’s stock after selling 1,751 shares during the quarter. Brookstone Capital Management’s holdings in Procter & Gamble were worth $7,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in PG. Asset Planning Services Ltd. boosted its holdings in shares of Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the period. Winfield Associates Inc. boosted its holdings in shares of Procter & Gamble by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares during the period. Cascade Investment Advisors Inc. boosted its holdings in shares of Procter & Gamble by 0.5% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock worth $296,000 after purchasing an additional 17 shares during the period. Iron Financial LLC boosted its holdings in shares of Procter & Gamble by 0.8% in the 2nd quarter. Iron Financial LLC now owns 3,342 shares of the company’s stock worth $291,000 after purchasing an additional 25 shares during the period. Finally, Davis Rea Ltd. boosted its holdings in shares of Procter & Gamble by 0.7% in the 2nd quarter. Davis Rea Ltd. now owns 3,815 shares of the company’s stock worth $332,000 after purchasing an additional 25 shares during the period. 59.56% of the stock is currently owned by institutional investors and hedge funds.

In other Procter & Gamble news, insider R. Alexandra Keith sold 1,298 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the completion of the sale, the insider now directly owns 20,135 shares in the company, valued at approximately $1,794,229.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the sale, the insider now owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,719 shares of company stock valued at $1,661,544. 0.35% of the stock is owned by company insiders.

A number of equities analysts have recently commented on the company. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 target price for the company in a report on Monday, October 23rd. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Monday, January 8th. Jefferies Group reiterated a “buy” rating and issued a $99.00 target price on shares of Procter & Gamble in a report on Monday, December 18th. Bank of America lifted their target price on Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Finally, Stifel Nicolaus set a $87.00 target price on Procter & Gamble and gave the stock a “hold” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. Procter & Gamble currently has a consensus rating of “Hold” and a consensus price target of $89.31.

Procter & Gamble Co (PG) opened at $89.61 on Monday. Procter & Gamble Co has a 1-year low of $83.44 and a 1-year high of $94.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $227,340.00, a price-to-earnings ratio of 23.96, a P/E/G ratio of 2.87 and a beta of 0.67.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The company had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Procter & Gamble’s revenue was up .8% compared to the same quarter last year. equities analysts expect that Procter & Gamble Co will post 4.19 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s payout ratio is currently 73.80%.

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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.

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

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