Aviance Capital Management LLC boosted its stake in Procter & Gamble Company (The) (NYSE:PG) by 291.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,490 shares of the company’s stock after buying an additional 14,516 shares during the period. Aviance Capital Management LLC’s holdings in Procter & Gamble Company (The) were worth $1,751,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Capital Financial Advisers LLC raised its position in shares of Procter & Gamble Company (The) by 3.9% in the fourth quarter. United Capital Financial Advisers LLC now owns 679,532 shares of the company’s stock worth $57,135,000 after buying an additional 25,816 shares during the last quarter. Summit Global Investments bought a new position in shares of Procter & Gamble Company (The) during the fourth quarter worth about $4,371,000. Shepherd Financial Partners LLC bought a new position in shares of Procter & Gamble Company (The) during the fourth quarter worth about $733,000. Cypress Wealth Advisors LLC raised its position in shares of Procter & Gamble Company (The) by 2.5% in the fourth quarter. Cypress Wealth Advisors LLC now owns 14,731 shares of the company’s stock worth $1,239,000 after buying an additional 361 shares during the last quarter. Finally, CAMG Solamere Management LLC bought a new position in shares of Procter & Gamble Company (The) during the fourth quarter worth about $694,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Procter & Gamble Company (PG) traded up 0.24% during trading on Monday, reaching $92.69. 1,652,957 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $89.57 and a 200 day moving average price of $89.11. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $92.95. The firm has a market capitalization of $236.36 billion, a price-to-earnings ratio of 16.57 and a beta of 0.68.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 21st were given a $0.6896 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.98%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 49.37%.

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A number of brokerages have issued reports on PG. BidaskClub upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research note on Saturday. Jefferies Group LLC restated a “buy” rating and set a $92.44 price target (down previously from $103.00) on shares of Procter & Gamble Company (The) in a research note on Thursday. Zacks Investment Research lowered shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $90.00 price objective (up from $87.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $100.00 price objective (up from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $87.48.

In other Procter & Gamble Company (The) news, insider Patrice Louvet sold 49,226 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $86.46, for a total transaction of $4,256,079.96. Following the completion of the sale, the insider now directly owns 93,656 shares in the company, valued at approximately $8,097,497.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark F. Biegger sold 2,660 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $244,826.40. Following the sale, the insider now owns 23,133 shares of the company’s stock, valued at $2,129,161.32. The disclosure for this sale can be found here. Insiders sold a total of 123,153 shares of company stock valued at $10,795,761 in the last quarter. 0.35% of the stock is currently owned by corporate insiders.

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.

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

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