Searle & CO. lessened its position in shares of Procter & Gamble Co (NYSE:PG) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,104 shares of the company’s stock after selling 200 shares during the period. Procter & Gamble accounts for 1.7% of Searle & CO.’s investment portfolio, making the stock its 18th largest position. Searle & CO.’s holdings in Procter & Gamble were worth $2,431,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its position in shares of Procter & Gamble by 58.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 6,639 shares of the company’s stock valued at $730,000 after buying an additional 2,449 shares during the last quarter. CSat Investment Advisory L.P. raised its stake in shares of Procter & Gamble by 26.6% during the 1st quarter. CSat Investment Advisory L.P. now owns 24,677 shares of the company’s stock valued at $2,714,000 after purchasing an additional 5,183 shares during the period. Argent Wealth Management LLC raised its stake in shares of Procter & Gamble by 7.4% during the 1st quarter. Argent Wealth Management LLC now owns 32,785 shares of the company’s stock valued at $3,862,000 after purchasing an additional 2,262 shares during the period. Atlas Private Wealth Management raised its stake in shares of Procter & Gamble by 4.4% during the 1st quarter. Atlas Private Wealth Management now owns 10,978 shares of the company’s stock valued at $1,208,000 after purchasing an additional 467 shares during the period. Finally, GAM Holding AG raised its stake in shares of Procter & Gamble by 10.6% during the 1st quarter. GAM Holding AG now owns 46,116 shares of the company’s stock valued at $5,073,000 after purchasing an additional 4,408 shares during the period. 63.32% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Deborah P. Majoras sold 12,589 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $122.68, for a total transaction of $1,544,418.52. Following the completion of the sale, the insider now directly owns 44,948 shares in the company, valued at approximately $5,514,220.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 7,360 shares of the stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $120.00, for a total value of $883,200.00. Following the sale, the chief executive officer now owns 44,746 shares of the company’s stock, valued at $5,369,520. The disclosure for this sale can be found here. Insiders have sold a total of 8,802,488 shares of company stock valued at $1,048,532,939 over the last 90 days. 1.75% of the stock is currently owned by company insiders.

Shares of Procter & Gamble stock traded down $0.93 during trading on Friday, hitting $115.13. 2,307,169 shares of the stock traded hands, compared to its average volume of 7,644,627. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.52. The stock has a market cap of $288.46 billion, a price-to-earnings ratio of 65.09, a PEG ratio of 3.21 and a beta of 0.44. The firm’s fifty day moving average is $116.31 and its 200-day moving average is $119.93. Procter & Gamble Co has a 52 week low of $94.34 and a 52 week high of $128.09.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 17th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.13 by $0.04. The firm had revenue of $17.21 billion for the quarter, compared to analyst estimates of $17.29 billion. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.06 EPS. On average, analysts forecast that Procter & Gamble Co will post 4.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a dividend of $0.7907 per share. The ex-dividend date was Thursday, April 23rd. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.75. This represents a $3.16 annualized dividend and a yield of 2.75%. Procter & Gamble’s dividend payout ratio is currently 69.91%.

PG has been the topic of a number of analyst reports. Argus upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Thursday, March 26th. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b” rating in a research note on Tuesday, April 14th. Royal Bank of Canada reiterated a “hold” rating and set a $120.00 price objective on shares of Procter & Gamble in a research note on Tuesday, April 14th. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and decreased their target price for the stock from $130.00 to $128.00 in a research note on Monday, March 30th. Finally, Citigroup upped their target price on Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $130.31.

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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