Puzo Michael J Sells 3,978 Shares of Procter & Gamble Co (NYSE:PG)

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Puzo Michael J reduced its stake in Procter & Gamble Co (NYSE:PG) by 4.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,457 shares of the company’s stock after selling 3,978 shares during the quarter. Procter & Gamble comprises about 3.6% of Puzo Michael J’s portfolio, making the stock its 6th largest holding. Puzo Michael J’s holdings in Procter & Gamble were worth $9,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Arjuna Capital increased its holdings in shares of Procter & Gamble by 2.2% in the 2nd quarter. Arjuna Capital now owns 30,138 shares of the company’s stock valued at $3,305,000 after acquiring an additional 649 shares during the period. Schroder Investment Management Group raised its position in shares of Procter & Gamble by 6.9% in the 2nd quarter. Schroder Investment Management Group now owns 3,823,838 shares of the company’s stock worth $419,263,000 after acquiring an additional 246,678 shares in the last quarter. Bernardo Wealth Planning LLC lifted its stake in shares of Procter & Gamble by 5.2% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 6,331 shares of the company’s stock worth $694,000 after purchasing an additional 314 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Procter & Gamble by 6.6% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 8,930 shares of the company’s stock worth $979,000 after purchasing an additional 550 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its position in Procter & Gamble by 201.4% during the second quarter. Gladstone Institutional Advisory LLC now owns 7,230 shares of the company’s stock valued at $793,000 after purchasing an additional 4,831 shares in the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on PG shares. Wells Fargo & Co lifted their target price on Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Macquarie increased their price target on shares of Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Goldman Sachs Group restated a “buy” rating and issued a $136.00 price target on shares of Procter & Gamble in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price objective on shares of Procter & Gamble from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $119.07.

Shares of NYSE PG opened at $125.96 on Thursday. Procter & Gamble Co has a fifty-two week low of $89.08 and a fifty-two week high of $126.60. The company has a market cap of $310.95 billion, a PE ratio of 27.87, a P/E/G ratio of 3.38 and a beta of 0.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. The business has a 50-day simple moving average of $124.20 and a two-hundred day simple moving average of $120.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.13. The firm had revenue of $17.80 billion during the quarter, compared to analyst estimates of $17.43 billion. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. Procter & Gamble’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $1.12 EPS. On average, sell-side analysts predict that Procter & Gamble Co will post 4.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

In related news, insider Marc S. Pritchard sold 26,075 shares of Procter & Gamble stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $124.96, for a total transaction of $3,258,332.00. Following the completion of the sale, the insider now owns 139,066 shares of the company’s stock, valued at $17,377,687.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Taylor sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $124.01, for a total value of $6,200,500.00. Following the completion of the sale, the chief executive officer now owns 277,521 shares in the company, valued at approximately $34,415,379.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,288,513 shares of company stock worth $159,734,252. 1.75% of the stock is owned by insiders.

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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