Cohen Lawrence B Has $4.04 Million Position in Procter & Gamble Company (The) (PG)

Cohen Lawrence B decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,374 shares of the company’s stock after selling 4,348 shares during the period. Procter & Gamble Company (The) comprises approximately 2.6% of Cohen Lawrence B’s holdings, making the stock its 16th biggest holding. Cohen Lawrence B’s holdings in Procter & Gamble Company (The) were worth $4,041,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Karp Capital Management Corp bought a new stake in shares of Procter & Gamble Company (The) in the 1st quarter worth about $126,275,000. Bank of Nova Scotia increased its position in shares of Procter & Gamble Company (The) by 232.6% in the 1st quarter. Bank of Nova Scotia now owns 1,227,101 shares of the company’s stock worth $110,256,000 after purchasing an additional 858,200 shares during the last quarter. Hermes Investment Management Ltd. increased its position in shares of Procter & Gamble Company (The) by 2,810.3% in the 1st quarter. Hermes Investment Management Ltd. now owns 738,390 shares of the company’s stock worth $66,344,000 after purchasing an additional 713,018 shares during the last quarter. British Airways Pensions Investment Management Ltd bought a new stake in shares of Procter & Gamble Company (The) in the 1st quarter worth about $52,682,000. Finally, Nuance Investments LLC bought a new stake in shares of Procter & Gamble Company (The) in the 1st quarter worth about $42,694,000. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

In other Procter & Gamble Company (The) news, CEO David S. Taylor sold 6,382 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $587,399.28. Following the sale, the chief executive officer now directly owns 134,884 shares in the company, valued at approximately $12,414,723.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $558,038.52. Following the sale, the insider now owns 120,734 shares in the company, valued at $11,112,357.36. The disclosure for this sale can be found here. Insiders have sold a total of 45,792 shares of company stock worth $4,216,070 in the last three months. 0.35% of the stock is owned by insiders.

PG has been the subject of several research analyst reports. Zacks Investment Research raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and issued a $98.00 target price on shares of Procter & Gamble Company (The) in a research report on Monday, July 17th. BidaskClub raised shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Capital One Financial Corporation downgraded shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $5.00 to $2.00 in a research report on Thursday, June 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $90.00 target price (up previously from $87.00) on shares of Procter & Gamble Company (The) in a research report on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. Procter & Gamble Company (The) has an average rating of “Hold” and an average price target of $88.10.

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Procter & Gamble Company (NYSE:PG) traded down 0.67% during midday trading on Tuesday, hitting $93.36. 3,169,691 shares of the stock were exchanged. The company has a 50 day moving average price of $91.66 and a 200 day moving average price of $89.47. The firm has a market capitalization of $238.07 billion, a price-to-earnings ratio of 16.69 and a beta of 0.68. Procter & Gamble Company has a one year low of $81.18 and a one year high of $93.98.

Procter & Gamble Company (The) (NYSE:PG) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The business had revenue of $16.08 billion for the quarter, compared to analyst estimates of $16.01 billion. During the same quarter last year, the firm earned $0.79 EPS. Procter & Gamble Company (The)’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were paid a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is 49.37%.

About Procter & Gamble Company (The)

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.

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

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