New England Asset Management Inc. Lowers Holdings in Procter & Gamble Company (The) (PG)

New England Asset Management Inc. lowered its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,422 shares of the company’s stock after selling 17 shares during the quarter. Procter & Gamble Company (The) accounts for about 0.1% of New England Asset Management Inc.’s portfolio, making the stock its 23rd largest position. New England Asset Management Inc.’s holdings in Procter & Gamble Company (The) were worth $5,698,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. RB Capital Management LLC lifted its position in Procter & Gamble Company (The) by 0.3% during the first quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock valued at $655,000 after purchasing an additional 20 shares during the last quarter. Paradigm Financial Advisors LLC lifted its position in Procter & Gamble Company (The) by 0.4% during the first quarter. Paradigm Financial Advisors LLC now owns 6,842 shares of the company’s stock valued at $614,000 after purchasing an additional 25 shares during the last quarter. Cottage Street Advisors LLC lifted its position in Procter & Gamble Company (The) by 0.4% during the first quarter. Cottage Street Advisors LLC now owns 6,845 shares of the company’s stock valued at $615,000 after purchasing an additional 25 shares during the last quarter. American Economic Planning Group Inc. ADV lifted its position in Procter & Gamble Company (The) by 0.3% during the first quarter. American Economic Planning Group Inc. ADV now owns 10,827 shares of the company’s stock valued at $973,000 after purchasing an additional 33 shares during the last quarter. Finally, Highwater Wealth Management LLC lifted its position in Procter & Gamble Company (The) by 1.2% during the first quarter. Highwater Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $293,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.themarketsdaily.com/2017/09/10/new-england-asset-management-inc-lowers-holdings-in-procter-gamble-company-the-pg.html.

Several research firms have commented on PG. Capital One Financial Corporation lowered shares of Procter & Gamble Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $5.00 to $2.00 in a research report on Thursday, June 22nd. Royal Bank Of Canada restated a “hold” rating and issued a $80.00 target price on shares of Procter & Gamble Company (The) in a report on Friday, June 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $100.00 target price (up previously from $98.00) on shares of Procter & Gamble Company (The) in a report on Sunday, July 30th. Jefferies Group LLC restated a “buy” rating and issued a $92.44 target price (down previously from $103.00) on shares of Procter & Gamble Company (The) in a report on Thursday, August 17th. Finally, BidaskClub upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $88.10.

In other Procter & Gamble Company (The) news, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total value of $1,869,213.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark F. Biegger sold 2,660 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $244,826.40. Following the completion of the transaction, the insider now directly owns 23,133 shares in the company, valued at approximately $2,129,161.32. The disclosure for this sale can be found here. Insiders sold 45,792 shares of company stock worth $4,216,070 in the last ninety days. 0.35% of the stock is currently owned by corporate insiders.

Procter & Gamble Company (PG) traded down 0.14% on Friday, reaching $92.84. 6,070,073 shares of the company traded hands. The stock has a market capitalization of $236.74 billion, a price-to-earnings ratio of 16.60 and a beta of 0.68. Procter & Gamble Company has a 1-year low of $81.18 and a 1-year high of $93.36. The stock has a 50 day moving average of $91.57 and a 200-day moving average of $89.51.

Procter & Gamble Company (The) (NYSE:PG) last posted its earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The company had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. Procter & Gamble Company (The)’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts anticipate that Procter & Gamble Company will post $4.17 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders 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 yield of 2.97%. Procter & Gamble Company (The)’s payout ratio is currently 49.37%.

About Procter & Gamble Company (The)

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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG).

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

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply