Procter & Gamble Co (PG) Shares Sold by Klingenstein Fields & Co. LLC

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Klingenstein Fields & Co. LLC reduced its position in Procter & Gamble Co (NYSE:PG) by 1.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 245,599 shares of the company’s stock after selling 3,242 shares during the period. Klingenstein Fields & Co. LLC’s holdings in Procter & Gamble were worth $22,575,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Procter & Gamble by 0.5% during the third quarter. Vanguard Group Inc. now owns 188,401,646 shares of the company’s stock valued at $15,680,670,000 after purchasing an additional 853,269 shares during the period. Vanguard Group Inc raised its position in Procter & Gamble by 0.5% during the third quarter. Vanguard Group Inc now owns 188,401,646 shares of the company’s stock valued at $15,680,670,000 after purchasing an additional 853,269 shares during the period. Bank of New York Mellon Corp raised its position in Procter & Gamble by 5,578,292.9% during the third quarter. Bank of New York Mellon Corp now owns 24,377,577 shares of the company’s stock valued at $2,028,947,000 after purchasing an additional 24,377,140 shares during the period. FMR LLC raised its position in Procter & Gamble by 6.7% during the third quarter. FMR LLC now owns 19,135,225 shares of the company’s stock valued at $1,592,625,000 after purchasing an additional 1,196,630 shares during the period. Finally, Morgan Stanley raised its position in Procter & Gamble by 11.3% during the third quarter. Morgan Stanley now owns 17,584,133 shares of the company’s stock valued at $1,463,528,000 after purchasing an additional 1,784,225 shares during the period. Institutional investors own 61.76% of the company’s stock.

In related news, SVP Valarie L. Sheppard sold 1,236 shares of the stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $100.12, for a total value of $123,748.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman David S. Taylor sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $99.09, for a total value of $2,972,700.00. Following the completion of the transaction, the chairman now directly owns 223,849 shares in the company, valued at approximately $22,181,197.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,270,496 shares of company stock worth $224,931,027. Company insiders own 1.84% of the company’s stock.

PG has been the topic of a number of recent research reports. Wells Fargo & Co upgraded Procter & Gamble from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $78.00 to $115.00 in a research report on Monday, April 8th. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Morgan Stanley set a $111.00 price objective on Procter & Gamble and gave the company a “buy” rating in a research report on Thursday, March 28th. Berenberg Bank upgraded Procter & Gamble from a “sell” rating to a “hold” rating and upped their price objective for the company from $86.00 to $92.00 in a research report on Thursday, January 24th. Finally, Barclays restated a “hold” rating and set a $89.00 price objective on shares of Procter & Gamble in a research report on Tuesday, January 8th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $97.74.

Shares of NYSE PG opened at $106.42 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $106.50. The company has a market capitalization of $266.55 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 3.40 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The firm had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $17.16 billion. During the same period in the prior year, the business posted $1.19 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Procter & Gamble Co will post 4.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $0.7459 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.80%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, April 17th. Procter & Gamble’s dividend payout ratio is presently 68.01%.

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Procter & Gamble 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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