Polaris Wealth Advisory Group LLC Sells 1,310 Shares of The Procter & Gamble Company (NYSE:PG)

Polaris Wealth Advisory Group LLC lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 37.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,153 shares of the company’s stock after selling 1,310 shares during the quarter. Polaris Wealth Advisory Group LLC’s holdings in The Procter & Gamble were worth $300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Public Employees Retirement Association of Colorado boosted its position in The Procter & Gamble by 4.5% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 472,285 shares of the company’s stock valued at $51,951,000 after acquiring an additional 20,462 shares in the last quarter. State Street Corp boosted its position in The Procter & Gamble by 0.9% during the 1st quarter. State Street Corp now owns 118,284,669 shares of the company’s stock valued at $13,011,314,000 after acquiring an additional 1,086,517 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in The Procter & Gamble by 1.6% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 1,420,204 shares of the company’s stock valued at $156,222,000 after acquiring an additional 22,986 shares in the last quarter. APG Asset Management N.V. boosted its position in The Procter & Gamble by 3.4% during the 1st quarter. APG Asset Management N.V. now owns 7,358,549 shares of the company’s stock valued at $809,440,000 after acquiring an additional 244,532 shares in the last quarter. Finally, Morgan Stanley boosted its position in The Procter & Gamble by 54.8% during the 1st quarter. Morgan Stanley now owns 20,883,111 shares of the company’s stock valued at $2,297,142,000 after acquiring an additional 7,392,929 shares in the last quarter. 62.81% of the stock is currently owned by institutional investors and hedge funds.

In other The Procter & Gamble news, CFO Jon R. Moeller sold 81,755 shares of The Procter & Gamble stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $136.18, for a total transaction of $11,133,395.90. Also, VP Valarie L. Sheppard sold 14,800 shares of The Procter & Gamble stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $130.00, for a total value of $1,924,000.00. Following the transaction, the vice president now owns 39,929 shares of the company’s stock, valued at approximately $5,190,770. The disclosure for this sale can be found here. Insiders have sold a total of 272,757 shares of company stock valued at $36,738,374 in the last quarter. Company insiders own 0.70% of the company’s stock.

Shares of PG stock opened at $144.39 on Friday. The firm has a market capitalization of $359.48 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.68. The business has a fifty day moving average of $138.93 and a 200 day moving average of $125.52. The Procter & Gamble Company has a 1 year low of $94.34 and a 1 year high of $145.87.

The Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, July 30th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.15. The company had revenue of $17.70 billion during the quarter, compared to analyst estimates of $16.97 billion. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. As a group, equities research analysts expect that The Procter & Gamble Company will post 5.4 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.7907 per share. The ex-dividend date of this dividend is Thursday, October 22nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.19%. The Procter & Gamble’s payout ratio is currently 61.72%.

Several analysts have recently commented on the company. SunTrust Banks increased their price objective on The Procter & Gamble from $115.00 to $120.00 in a report on Wednesday, July 22nd. Berenberg Bank increased their price objective on The Procter & Gamble from $136.00 to $149.00 and gave the company a “hold” rating in a report on Friday. Jefferies Financial Group increased their price objective on The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a report on Monday, October 12th. Morgan Stanley increased their price objective on The Procter & Gamble from $144.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on The Procter & Gamble from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $137.87.

About The Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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