Boyd Watterson Asset Management LLC OH Raises Holdings in Procter & Gamble Company (The) (PG)

Boyd Watterson Asset Management LLC OH grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,641 shares of the company’s stock after acquiring an additional 378 shares during the period. Procter & Gamble Company (The) accounts for 0.9% of Boyd Watterson Asset Management LLC OH’s holdings, making the stock its 27th largest position. Boyd Watterson Asset Management LLC OH’s holdings in Procter & Gamble Company (The) were worth $1,799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of PG. Holderness Investments Co. raised its position in shares of Procter & Gamble Company (The) by 78.2% in the first quarter. Holderness Investments Co. now owns 21,467 shares of the company’s stock valued at $1,929,000 after buying an additional 9,419 shares in the last quarter. Thomaspartners Inc. raised its position in shares of Procter & Gamble Company (The) by 9.9% in the first quarter. Thomaspartners Inc. now owns 2,483,566 shares of the company’s stock valued at $223,148,000 after buying an additional 224,714 shares in the last quarter. Pensionfund Sabic acquired a new stake in shares of Procter & Gamble Company (The) in the second quarter valued at approximately $4,009,000. Koshinski Asset Management Inc. raised its position in shares of Procter & Gamble Company (The) by 4.3% in the second quarter. Koshinski Asset Management Inc. now owns 20,292 shares of the company’s stock valued at $1,768,000 after buying an additional 835 shares in the last quarter. Finally, Nuance Investments LLC acquired a new stake in shares of Procter & Gamble Company (The) in the first quarter valued at approximately $42,694,000. Hedge funds and other institutional investors own 59.30% of the company’s stock.

In related news, insider Mark F. Biegger sold 2,660 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total transaction of $244,826.40. Following the transaction, the insider now owns 23,133 shares of the company’s stock, valued at approximately $2,129,161.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,792 shares of company stock worth $4,216,070. Corporate insiders own 0.35% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $104.00 price target (up from $103.00) on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 20th. Macquarie assumed coverage on shares of Procter & Gamble Company (The) in a research report on Thursday, September 14th. They issued an “outperform” rating and a $102.00 price target for the company. Vetr upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price target for the company in a research report on Friday, September 15th. Bank of America Corporation lifted their price target on shares of Procter & Gamble Company (The) from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $80.00 price target on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $89.28.

Procter & Gamble Company (The) (NYSE:PG) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The firm had revenue of $16.08 billion for the quarter, compared to analysts’ expectations of $16.01 billion. Procter & Gamble Company (The) had a net margin of 23.56% and a return on equity of 19.97%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.79 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th will be given a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, October 19th. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is currently 49.37%.

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Procter & Gamble Company (The) 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.

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

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