Procter & Gamble Co (NYSE:PG) Shares Bought by Vigilant Capital Management LLC

Vigilant Capital Management LLC raised its stake in Procter & Gamble Co (NYSE:PG) by 2.5% in the third quarter, HoldingsChannel.com reports. The fund owned 20,484 shares of the company’s stock after buying an additional 493 shares during the quarter. Vigilant Capital Management LLC’s holdings in Procter & Gamble were worth $2,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Procter & Gamble by 1.8% during the second quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock worth $23,954,054,000 after buying an additional 3,786,962 shares during the period. BlackRock Inc. boosted its position in shares of Procter & Gamble by 1.5% during the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after buying an additional 2,470,382 shares during the period. Phocas Financial Corp. boosted its position in shares of Procter & Gamble by 999,937.0% during the second quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock worth $77,920,000 after buying an additional 71,055,523 shares during the period. Northern Trust Corp boosted its position in shares of Procter & Gamble by 0.9% during the second quarter. Northern Trust Corp now owns 33,064,470 shares of the company’s stock worth $3,625,519,000 after buying an additional 295,521 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Procter & Gamble by 6,899.0% during the second quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock worth $2,019,412,000 after buying an additional 18,153,758 shares during the period. Institutional investors own 65.64% of the company’s stock.

PG has been the subject of several analyst reports. Scotiabank reiterated a “buy” rating on shares of Procter & Gamble in a research report on Friday, July 5th. Wells Fargo & Co reiterated a “buy” rating and set a $135.00 price objective (up from $125.00) on shares of Procter & Gamble in a research report on Tuesday, July 30th. Royal Bank of Canada reiterated a “neutral” rating and set a $89.00 price objective on shares of Procter & Gamble in a research report on Tuesday, July 30th. Goldman Sachs Group upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $114.00 to $125.00 in a research report on Thursday, June 27th. Finally, ValuEngine downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $108.95.

In other Procter & Gamble news, CEO Marylynn Fergusonmchugh sold 2,680 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $119.93, for a total value of $321,412.40. Following the transaction, the chief executive officer now owns 84,901 shares of the company’s stock, valued at $10,182,176.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Carolyn M. Tastad sold 10,662 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $118.00, for a total value of $1,258,116.00. Following the completion of the transaction, the insider now directly owns 61,225 shares in the company, valued at approximately $7,224,550. The disclosure for this sale can be found here. Insiders sold 451,354 shares of company stock worth $53,518,874 in the last ninety days. 1.75% of the stock is owned by corporate insiders.

NYSE:PG traded up $0.14 during midday trading on Friday, hitting $117.45. 3,995,132 shares of the stock were exchanged, compared to its average volume of 6,470,579. Procter & Gamble Co has a one year low of $80.00 and a one year high of $125.36. The company has a market capitalization of $293.31 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 3.40 and a beta of 0.42. The business has a 50-day moving average price of $121.87 and a two-hundred day moving average price of $113.15. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion for the quarter, compared to analysts’ expectations of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 earnings per share. Sell-side analysts forecast that Procter & Gamble Co will post 4.84 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be issued a $0.7459 dividend. The ex-dividend date is Thursday, October 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.54%. Procter & Gamble’s dividend payout ratio is currently 65.93%.

Procter & Gamble 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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