Massey Quick Simon & CO. LLC Increases Holdings in Procter & Gamble Co (NYSE:PG)

Massey Quick Simon & CO. LLC lifted its position in Procter & Gamble Co (NYSE:PG) by 83.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 469 shares of the company’s stock after purchasing an additional 214 shares during the quarter. Massey Quick Simon & CO. LLC’s holdings in Procter & Gamble were worth $51,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PG. FMR LLC boosted 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. Bank of New York Mellon Corp boosted its stake in shares of Procter & Gamble by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 25,152,723 shares of the company’s stock worth $2,312,039,000 after acquiring an additional 775,146 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Procter & Gamble by 7.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,255,888 shares of the company’s stock worth $1,034,640,000 after acquiring an additional 788,247 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Procter & Gamble by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 10,334,800 shares of the company’s stock worth $949,975,000 after acquiring an additional 299,281 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Procter & Gamble by 24.3% in the fourth quarter. California Public Employees Retirement System now owns 8,672,672 shares of the company’s stock worth $797,192,000 after acquiring an additional 1,698,051 shares during the last quarter. Hedge funds and other institutional investors own 62.57% of the company’s stock.

NYSE:PG traded up $0.08 on Friday, reaching $119.50. The company’s stock had a trading volume of 391,786 shares, compared to its average volume of 9,130,777. Procter & Gamble Co has a 12-month low of $78.49 and a 12-month high of $121.76. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The firm has a market cap of $297.52 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 3.45 and a beta of 0.45. The stock has a 50 day moving average price of $115.91 and a 200 day moving average price of $107.18.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate 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 previous year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts expect that Procter & Gamble Co will post 4.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a $0.7459 dividend. The ex-dividend date was Thursday, July 18th. This represents a $2.98 dividend on an annualized basis and a yield of 2.50%. Procter & Gamble’s dividend payout ratio is currently 65.93%.

A number of analysts have recently issued reports on PG shares. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Morgan Stanley set a $129.00 price objective on Procter & Gamble and gave the stock a “buy” rating in a research report on Monday, August 12th. TheStreet downgraded Procter & Gamble from an “a-” rating to a “c+” rating in a research report on Tuesday, July 30th. Royal Bank of Canada reiterated a “neutral” rating and set a $89.00 price objective on shares of Procter & Gamble in a research report on Tuesday, July 30th. Finally, Deutsche Bank lifted their price objective on Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a research report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Hold” and a consensus price target of $108.15.

In related news, CEO R. Alexandra Keith sold 62,930 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $119.98, for a total value of $7,550,341.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Valarie L. Sheppard sold 1,729 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $119.80, for a total value of $207,134.20. The disclosure for this sale can be found here. Insiders sold 429,026 shares of company stock worth $50,867,990 in the last 90 days. Company insiders own 1.84% of the company’s stock.

About Procter & Gamble

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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