OLD Republic International Corp Raises Stake in Procter & Gamble Co (PG)

OLD Republic International Corp lifted its position in shares of Procter & Gamble Co (NYSE:PG) by 26.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 727,100 shares of the company’s stock after acquiring an additional 150,000 shares during the period. Procter & Gamble makes up about 1.8% of OLD Republic International Corp’s portfolio, making the stock its 10th largest holding. OLD Republic International Corp’s holdings in Procter & Gamble were worth $56,757,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Procter & Gamble in the 2nd quarter valued at approximately $20,548,000. Dividend Assets Capital LLC lifted its stake in Procter & Gamble by 22.2% in the 2nd quarter. Dividend Assets Capital LLC now owns 32,637 shares of the company’s stock valued at $2,548,000 after purchasing an additional 5,925 shares during the last quarter. Financial Architects Inc lifted its stake in Procter & Gamble by 9.9% in the 2nd quarter. Financial Architects Inc now owns 29,712 shares of the company’s stock valued at $2,319,000 after purchasing an additional 2,672 shares during the last quarter. Coho Partners Ltd. lifted its stake in Procter & Gamble by 2.9% in the 2nd quarter. Coho Partners Ltd. now owns 987,849 shares of the company’s stock valued at $77,112,000 after purchasing an additional 28,097 shares during the last quarter. Finally, Flippin Bruce & Porter Inc. lifted its stake in Procter & Gamble by 5.5% in the 2nd quarter. Flippin Bruce & Porter Inc. now owns 120,411 shares of the company’s stock valued at $9,399,000 after purchasing an additional 6,285 shares during the last quarter. 58.54% of the stock is owned by institutional investors.

Several brokerages recently commented on PG. ValuEngine raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Stifel Nicolaus restated a “hold” rating and issued a $87.00 price target on shares of Procter & Gamble in a research report on Monday, October 22nd. Morgan Stanley set a $91.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Monday, October 22nd. Finally, Berenberg Bank set a $78.00 price target on shares of Procter & Gamble and gave the company a “sell” rating in a research report on Monday, October 22nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $87.66.



In other news, insider Kathleen B. Fish sold 599 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $83.48, for a total transaction of $50,004.52. Following the completion of the sale, the insider now directly owns 38,655 shares in the company, valued at $3,226,919.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman David S. Taylor sold 21,029 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $83.52, for a total transaction of $1,756,342.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,240 shares of company stock valued at $7,732,529. 1.84% of the stock is currently owned by corporate insiders.

Shares of NYSE PG opened at $88.68 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $93.14. The company has a market capitalization of $221.50 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 2.89 and a beta of 0.59.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The company had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. During the same period in the prior year, the company posted $1.09 earnings per share. Procter & Gamble’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts expect that Procter & Gamble Co will post 4.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be given a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

About Procter & Gamble

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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