Bellecapital International Ltd. Decreases Stake in Procter & Gamble Company (The) (NYSE:PG)

Bellecapital International Ltd. lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 82.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,730 shares of the company’s stock after selling 36,492 shares during the quarter. Bellecapital International Ltd.’s holdings in Procter & Gamble Company (The) were worth $674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Planning Services Ltd. boosted its position in Procter & Gamble Company (The) by 79.7% during the first quarter. Asset Planning Services Ltd. now owns 1,186 shares of the company’s stock valued at $107,000 after acquiring an additional 526 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in Procter & Gamble Company (The) by 11.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock valued at $144,000 after acquiring an additional 170 shares during the last quarter. Feltz Wealth PLAN Inc. acquired a new position in shares of Procter & Gamble Company (The) during the first quarter valued at about $184,000. Watermark Asset Management Inc. acquired a new position in shares of Procter & Gamble Company (The) during the first quarter valued at about $201,000. Finally, Security National Bank of SO Dak acquired a new position in shares of Procter & Gamble Company (The) during the first quarter valued at about $206,000. 59.28% of the stock is currently owned by institutional investors and hedge funds.

In other Procter & Gamble Company (The) news, insider Suranjan Magesvaran sold 10,512 shares of Procter & Gamble Company (The) stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $91.00, for a total value of $956,592.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jon R. Moeller sold 6,063 shares of Procter & Gamble Company (The) stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $558,038.52. Following the completion of the transaction, the insider now directly owns 120,734 shares of the company’s stock, valued at $11,112,357.36. The disclosure for this sale can be found here. Insiders sold 48,648 shares of company stock valued at $4,481,621 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.

Shares of Procter & Gamble Company (NYSE:PG) opened at 93.14 on Tuesday. The firm has a 50-day moving average of $92.54 and a 200 day moving average of $89.78. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $94.67. The stock has a market cap of $237.51 billion, a price-to-earnings ratio of 16.65 and a beta of 0.67.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be issued a $0.6896 dividend. The ex-dividend date is Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 2.96%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is presently 49.37%.

PG has been the topic of several research reports. Jefferies Group LLC reiterated a “buy” rating and set a $104.00 price objective (up previously from $103.00) on shares of Procter & Gamble Company (The) in a report on Wednesday, September 20th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Procter & Gamble Company (The) in a report on Wednesday, October 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $80.00 price objective on shares of Procter & Gamble Company (The) in a report on Wednesday, September 6th. Vetr upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price objective on the stock in a report on Friday, September 15th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $89.28.

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Procter & Gamble Company (The) Company Profile

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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