Gleason Group Inc. cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,603 shares of the company’s stock after selling 104 shares during the period. The Procter & Gamble comprises approximately 1.3% of Gleason Group Inc.’s portfolio, making the stock its 11th largest holding. Gleason Group Inc.’s holdings in The Procter & Gamble were worth $2,308,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of The Procter & Gamble by 0.9% during the first quarter. State Street Corp now owns 118,284,669 shares of the company’s stock worth $13,011,314,000 after buying an additional 1,086,517 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of The Procter & Gamble by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 25,520,174 shares of the company’s stock worth $3,051,447,000 after buying an additional 487,686 shares in the last quarter. FMR LLC grew its position in shares of The Procter & Gamble by 8.0% during the second quarter. FMR LLC now owns 23,587,275 shares of the company’s stock worth $2,820,331,000 after buying an additional 1,737,306 shares in the last quarter. Morgan Stanley grew its position in shares of The Procter & Gamble by 54.8% during the first quarter. Morgan Stanley now owns 20,883,111 shares of the company’s stock worth $2,297,142,000 after buying an additional 7,392,929 shares in the last quarter. Finally, Capital World Investors grew its position in shares of The Procter & Gamble by 3.6% during the first quarter. Capital World Investors now owns 11,217,464 shares of the company’s stock worth $1,233,921,000 after buying an additional 392,523 shares in the last quarter. 62.81% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE PG traded up $0.56 during midday trading on Friday, hitting $144.39. The company had a trading volume of 6,807,859 shares, compared to its average volume of 8,382,961. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a twelve month low of $94.34 and a twelve month high of $145.87. The business has a 50-day simple moving average of $138.93 and a two-hundred day simple moving average of $125.52. The firm has a market capitalization of $359.48 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 3.45 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.15. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The firm had revenue of $17.70 billion during the quarter, compared to analysts’ expectations of $16.97 billion. During the same quarter last year, the business earned $1.10 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that The Procter & Gamble Company will post 5.4 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be paid a $0.7907 dividend. This represents a $3.16 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio (DPR) is 61.72%.

PG has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on The Procter & Gamble from $144.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, October 5th. Barclays restated a “buy” rating on shares of The Procter & Gamble in a research note on Sunday, August 2nd. Jefferies Financial Group boosted their target price on The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Deutsche Bank Aktiengesellschaft boosted their target price on The Procter & Gamble from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Finally, SunTrust Banks boosted their target price on The Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $137.87.

In other The Procter & Gamble news, VP Valarie L. Sheppard sold 2,922 shares of The Procter & Gamble stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $136.53, for a total transaction of $398,940.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Valarie L. Sheppard sold 14,800 shares of The Procter & Gamble stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $130.00, for a total transaction of $1,924,000.00. Following the transaction, the vice president now owns 39,929 shares of the company’s stock, valued at approximately $5,190,770. The disclosure for this sale can be found here. Insiders sold 272,757 shares of company stock valued at $36,738,374 in the last quarter. Company insiders own 0.70% of the company’s stock.

About The Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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