Bridge Creek Capital Management LLC Trims Stake in Procter & Gamble Co (NYSE:PG)

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Bridge Creek Capital Management LLC trimmed its holdings in shares of Procter & Gamble Co (NYSE:PG) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,290 shares of the company’s stock after selling 1,804 shares during the quarter. Procter & Gamble comprises about 2.1% of Bridge Creek Capital Management LLC’s holdings, making the stock its 11th largest position. Bridge Creek Capital Management LLC’s holdings in Procter & Gamble were worth $4,265,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of Procter & Gamble by 11.1% in the 3rd quarter. Pacer Advisors Inc. now owns 272,138 shares of the company’s stock worth $33,849,000 after purchasing an additional 27,281 shares in the last quarter. Brio Consultants LLC boosted its holdings in shares of Procter & Gamble by 65.0% in the 3rd quarter. Brio Consultants LLC now owns 3,126 shares of the company’s stock worth $389,000 after purchasing an additional 1,231 shares in the last quarter. We Are One Seven LLC boosted its holdings in shares of Procter & Gamble by 13.9% in the 3rd quarter. We Are One Seven LLC now owns 8,953 shares of the company’s stock worth $1,114,000 after purchasing an additional 1,093 shares in the last quarter. M. Kraus & Co boosted its holdings in shares of Procter & Gamble by 0.3% in the 3rd quarter. M. Kraus & Co now owns 54,391 shares of the company’s stock worth $6,765,000 after purchasing an additional 186 shares in the last quarter. Finally, Gradient Investments LLC boosted its holdings in shares of Procter & Gamble by 20.0% in the 3rd quarter. Gradient Investments LLC now owns 30,713 shares of the company’s stock worth $3,820,000 after purchasing an additional 5,121 shares in the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

PG traded down $0.04 during midday trading on Thursday, reaching $121.94. 3,723,671 shares of the company’s stock traded hands, compared to its average volume of 6,829,702. The firm has a fifty day moving average of $121.75 and a two-hundred day moving average of $112.47. The stock has a market capitalization of $307.42 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 3.57 and a beta of 0.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.58. Procter & Gamble Co has a 52 week low of $78.49 and a 52 week high of $125.36.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $17.09 billion during the quarter, compared to analyst estimates of $16.86 billion. During the same quarter in the prior year, the company earned $0.94 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts forecast that Procter & Gamble Co will post 4.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $0.7459 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, October 17th. Procter & Gamble’s dividend payout ratio is currently 65.93%.

A number of equities analysts have recently issued reports on PG shares. Credit Suisse Group upped their price objective on Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. SunTrust Banks upped their price objective on Procter & Gamble to $120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. ValuEngine cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada reiterated a “neutral” rating and issued a $89.00 price objective on shares of Procter & Gamble in a report on Tuesday, July 30th. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $135.00 price objective (up from $125.00) on shares of Procter & Gamble in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and an average target price of $108.95.

In related news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $116.00, for a total value of $4,295,132.00. Following the sale, the chief executive officer now owns 112,703 shares in the company, valued at approximately $13,073,548. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carolyn M. Tastad sold 10,662 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $118.00, for a total value of $1,258,116.00. Following the completion of the sale, the insider now owns 61,225 shares in the company, valued at approximately $7,224,550. The disclosure for this sale can be found here. Insiders sold a total of 448,674 shares of company stock valued at $53,197,461 in the last three months. Corporate insiders own 1.75% of the company’s stock.

Procter & Gamble Company 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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