Reilly Herbert Faulkner III Has $5.39 Million Stake in Procter & Gamble Co (PG)

Reilly Herbert Faulkner III grew its holdings in shares of Procter & Gamble Co (NYSE:PG) by 25.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 68,994 shares of the company’s stock after acquiring an additional 14,000 shares during the period. Procter & Gamble comprises 2.9% of Reilly Herbert Faulkner III’s holdings, making the stock its 15th largest holding. Reilly Herbert Faulkner III’s holdings in Procter & Gamble were worth $5,386,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Procter & Gamble by 2.2% during the second quarter. BlackRock Inc. now owns 166,150,277 shares of the company’s stock worth $12,969,690,000 after buying an additional 3,551,051 shares during the last quarter. Yacktman Asset Management LP raised its stake in Procter & Gamble by 0.7% during the second quarter. Yacktman Asset Management LP now owns 15,488,275 shares of the company’s stock worth $1,209,015,000 after buying an additional 105,318 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Procter & Gamble by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 14,414,335 shares of the company’s stock worth $1,125,183,000 after buying an additional 474,529 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Procter & Gamble by 9.3% during the first quarter. Loomis Sayles & Co. L P now owns 10,901,136 shares of the company’s stock worth $864,242,000 after buying an additional 928,541 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in Procter & Gamble by 3.7% during the second quarter. Fisher Asset Management LLC now owns 9,844,145 shares of the company’s stock worth $768,434,000 after buying an additional 351,075 shares during the last quarter. 58.78% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on the stock. 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 reaffirmed a “hold” rating and issued a $87.00 price target on shares of Procter & Gamble in a research note on Monday, October 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $86.00 price target on shares of Procter & Gamble in a research note on Friday, November 9th. SunTrust Banks lifted their price target on shares of Procter & Gamble to $85.00 and gave the company a “hold” rating in a research note on Monday, October 22nd. Finally, Morgan Stanley set a $91.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a research note on Monday, October 22nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $88.38.



In other news, SVP Valarie L. Sheppard sold 40,751 shares of Procter & Gamble stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $91.93, for a total transaction of $3,746,239.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Taylor sold 63,113 shares of Procter & Gamble stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $91.68, for a total transaction of $5,786,199.84. Following the transaction, the chief executive officer now owns 226,393 shares of the company’s stock, valued at $20,755,710.24. The disclosure for this sale can be found here. Insiders have sold 502,927 shares of company stock valued at $46,437,282 over the last quarter. Corporate insiders own 1.84% of the company’s stock.

Shares of NYSE PG opened at $93.55 on Friday. The stock has a market cap of $235.23 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 3.06 and a beta of 0.37. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $94.86. 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 (NYSE:PG) last issued its quarterly earnings data on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. As a group, research analysts anticipate that Procter & Gamble Co will post 4.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Friday, October 19th were issued a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, October 18th. Procter & Gamble’s dividend payout ratio is currently 68.01%.

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Procter & Gamble Company Profile

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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