SevenBridge Financial Group LLC lessened its holdings in shares of Procter & Gamble Co (NYSE:PG) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,648 shares of the company’s stock after selling 108 shares during the quarter. Procter & Gamble makes up 1.8% of SevenBridge Financial Group LLC’s portfolio, making the stock its 14th biggest position. SevenBridge Financial Group LLC’s holdings in Procter & Gamble were worth $3,439,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PG. Vanguard Group Inc. grew its stake in shares of Procter & Gamble by 1.8% in the second quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock worth $23,954,054,000 after acquiring an additional 3,786,962 shares during the last quarter. BlackRock Inc. grew its stake in shares of Procter & Gamble by 1.5% in the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after acquiring an additional 2,470,382 shares during the last quarter. Phocas Financial Corp. grew its stake in shares of Procter & Gamble by 999,937.0% in the second quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock worth $77,920,000 after acquiring an additional 71,055,523 shares during the last quarter. FMR LLC grew its stake in shares of Procter & Gamble by 26.4% in the first quarter. FMR LLC now owns 35,400,538 shares of the company’s stock worth $3,683,425,000 after acquiring an additional 7,389,251 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Procter & Gamble by 0.9% in the second quarter. Northern Trust Corp now owns 33,064,470 shares of the company’s stock worth $3,625,519,000 after acquiring an additional 295,521 shares during the last quarter. Institutional investors own 65.62% of the company’s stock.

PG stock traded up $0.68 during trading on Wednesday, reaching $121.61. The stock had a trading volume of 797,773 shares, compared to its average volume of 7,865,646. Procter & Gamble Co has a 52 week low of $78.49 and a 52 week high of $125.36. The stock’s 50 day moving average is $121.71 and its two-hundred day moving average is $112.38. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44. The firm has a market cap of $310.33 billion, a PE ratio of 26.90, a PEG ratio of 3.60 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.04. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The company had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. During the same quarter in the prior year, the company earned $0.94 earnings per share. Procter & Gamble’s revenue was up 3.6% on a year-over-year basis. On average, research analysts anticipate that Procter & Gamble Co will post 4.84 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be issued a $0.7459 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 2.45%. Procter & Gamble’s dividend payout ratio is 65.93%.

In other news, VP Valarie L. Sheppard sold 1,259 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $120.36, for a total value of $151,533.24. Following the transaction, the vice president now owns 26,094 shares of the company’s stock, valued at $3,140,673.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jon R. Moeller sold 141,575 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $118.05, for a total value of $16,712,928.75. The disclosure for this sale can be found here. In the last three months, insiders sold 448,674 shares of company stock worth $53,197,461. 1.75% of the stock is owned by corporate insiders.

PG has been the topic of a number of recent research reports. SunTrust Banks increased their target price on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. TheStreet cut Procter & Gamble from an “a-” rating to a “c+” rating in a research report on Tuesday, July 30th. Deutsche Bank increased their price objective on Procter & Gamble from $106.00 to $109.00 and gave the company a “hold” rating in a research report on Monday, June 17th. Morgan Stanley increased their price objective on Procter & Gamble from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Goldman Sachs Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and increased their price objective for the company from $114.00 to $125.00 in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $108.95.

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.

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

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