Atwood & Palmer Inc. Sells 954 Shares of Procter & Gamble Co (NYSE:PG)

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Atwood & Palmer Inc. lessened its holdings in Procter & Gamble Co (NYSE:PG) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,482 shares of the company’s stock after selling 954 shares during the quarter. Atwood & Palmer Inc.’s holdings in Procter & Gamble were worth $1,599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Twin Tree Management LP bought a new position in Procter & Gamble during the first quarter worth $144,000. Clearwater Capital Advisors LLC bought a new position in Procter & Gamble during the first quarter worth $154,000. Corbyn Investment Management Inc. MD bought a new position in Procter & Gamble during the first quarter worth $157,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Procter & Gamble by 296.5% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock worth $162,000 after purchasing an additional 1,524 shares during the period. Finally, Financial Gravity Wealth Inc. bought a new position in Procter & Gamble during the first quarter worth $170,000. 58.36% of the stock is currently owned by institutional investors.

In other news, SVP Valarie L. Sheppard sold 27,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $80.66, for a total value of $2,177,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kathleen B. Fish sold 26,946 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $80.55, for a total value of $2,170,500.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,186 shares of company stock valued at $12,080,849. Insiders own 1.84% of the company’s stock.

A number of equities analysts have commented on PG shares. Zacks Investment Research cut shares of Procter & Gamble from a “hold” rating to a “sell” rating in a research report on Monday, June 25th. Deutsche Bank boosted their target price on shares of Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. Wells Fargo & Co reissued a “hold” rating on shares of Procter & Gamble in a research report on Tuesday, July 31st. Citigroup reduced their target price on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating for the company in a research report on Friday, July 20th. Finally, ValuEngine raised shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $84.53.

PG traded up $0.19 on Friday, hitting $79.06. 9,863,043 shares of the stock were exchanged, compared to its average volume of 8,832,482. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $209.82 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 2.68 and a beta of 0.59. Procter & Gamble Co has a 12 month low of $70.73 and a 12 month high of $93.51.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.04. The firm had revenue of $16.50 billion during the quarter, compared to the consensus estimate of $16.52 billion. Procter & Gamble had a return on equity of 20.94% and a net margin of 14.59%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Sell-side analysts anticipate that Procter & Gamble Co will post 4.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Friday, October 19th will be paid a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a yield of 3.63%. The ex-dividend date is Thursday, October 18th. Procter & Gamble’s payout ratio is 68.01%.

Procter & Gamble Company 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.

See Also: What is a stock buyback?

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

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