Procter & Gamble Co (NYSE:PG) Shares Acquired by Whitnell & Co.

Whitnell & Co. lifted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 38.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,869 shares of the company’s stock after purchasing an additional 12,381 shares during the quarter. Procter & Gamble comprises about 1.9% of Whitnell & Co.’s holdings, making the stock its 11th biggest holding. Whitnell & Co.’s holdings in Procter & Gamble were worth $5,581,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 3,786,962 shares in the last quarter. BlackRock Inc. grew its position in Procter & Gamble by 1.5% in the 2nd quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock valued at $18,413,594,000 after buying an additional 2,470,382 shares during the last quarter. Phocas Financial Corp. grew its position in Procter & Gamble by 999,937.0% in the 2nd quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock valued at $77,920,000 after buying an additional 71,055,523 shares during the last quarter. Northern Trust Corp grew its position in Procter & Gamble by 0.9% in the 2nd quarter. Northern Trust Corp now owns 33,064,470 shares of the company’s stock valued at $3,625,519,000 after buying an additional 295,521 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in Procter & Gamble by 6,899.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock valued at $2,019,412,000 after buying an additional 18,153,758 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Marc S. Pritchard sold 26,075 shares of Procter & Gamble stock in a transaction on 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 transaction, the insider now owns 139,066 shares of the company’s stock, valued at approximately $17,377,687.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Carolyn M. Tastad sold 10,662 shares of Procter & Gamble stock in a transaction on Monday, August 26th. The stock was sold at an average price of $118.00, for a total value of $1,258,116.00. Following the transaction, the insider now directly owns 61,225 shares of the company’s stock, valued at approximately $7,224,550. The disclosure for this sale can be found here. Insiders have sold a total of 1,645,966 shares of company stock valued at $202,229,770 in the last ninety days. Corporate insiders own 1.75% of the company’s stock.

PG has been the topic of several research analyst reports. UBS Group boosted their target price on shares of Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. ValuEngine lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. SunTrust Banks boosted their target price on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b+” rating in a research report on Tuesday, October 22nd. Finally, Credit Suisse Group boosted their target price on shares of Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. Procter & Gamble currently has a consensus rating of “Hold” and an average price target of $116.71.

Shares of NYSE:PG traded up $0.08 during midday trading on Friday, hitting $119.70. 4,181,176 shares of the stock were exchanged, compared to its average volume of 7,798,948. The stock has a market cap of $296.51 billion, a P/E ratio of 26.48, a PEG ratio of 3.23 and a beta of 0.42. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. Procter & Gamble Co has a twelve month low of $86.74 and a twelve month high of $125.77. The company has a 50 day moving average price of $121.95 and a 200-day moving average price of $115.01.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.13. The business had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.12 EPS. On average, equities research analysts expect that Procter & Gamble Co will post 4.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, October 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

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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