Holderness Investments Co. Has $2.49 Million Holdings in Procter & Gamble Co (NYSE:PG)

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Holderness Investments Co. grew its holdings in Procter & Gamble Co (NYSE:PG) by 0.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,733 shares of the company’s stock after purchasing an additional 202 shares during the period. Procter & Gamble comprises approximately 1.1% of Holderness Investments Co.’s investment portfolio, making the stock its 22nd biggest holding. Holderness Investments Co.’s holdings in Procter & Gamble were worth $2,493,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PG. FMR LLC increased its holdings in Procter & Gamble by 26.4% during the first quarter. FMR LLC now owns 35,400,538 shares of the company’s stock worth $3,683,425,000 after buying an additional 7,389,251 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Procter & Gamble by 3.2% during 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 buying an additional 775,146 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Procter & Gamble by 7.5% during 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 buying an additional 788,247 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Procter & Gamble by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 10,334,800 shares of the company’s stock worth $949,975,000 after buying an additional 299,281 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Procter & Gamble by 24.3% during the fourth quarter. California Public Employees Retirement System now owns 8,672,672 shares of the company’s stock worth $797,192,000 after buying an additional 1,698,051 shares during the last quarter. Institutional investors own 62.57% of the company’s stock.

NYSE PG traded up $0.03 during trading on Wednesday, hitting $118.93. 646,793 shares of the company’s stock were exchanged, compared to its average volume of 9,110,868. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44. The company has a market cap of $298.22 billion, a PE ratio of 26.31, a P/E/G ratio of 3.45 and a beta of 0.45. Procter & Gamble Co has a fifty-two week low of $78.49 and a fifty-two week high of $121.76. The stock’s 50 day moving average price is $115.63 and its two-hundred day moving average price is $106.96.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion during the quarter, compared to the consensus estimate of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Analysts forecast that Procter & Gamble Co will post 4.84 earnings per share 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 paid a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a yield of 2.51%. The ex-dividend date was Thursday, July 18th. Procter & Gamble’s payout ratio is 65.93%.

A number of equities analysts recently weighed in on the stock. DZ Bank restated a “sell” rating on shares of Procter & Gamble in a report on Wednesday, April 24th. SunTrust Banks lifted their price objective on shares of Procter & Gamble to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Deutsche Bank lifted their price objective on shares of Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a research report on Monday, June 17th. Barclays raised shares of Procter & Gamble from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $94.00 to $112.00 in a research report on Wednesday, April 24th. Finally, Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Friday, July 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. Procter & Gamble has an average rating of “Hold” and a consensus price target of $108.15.

In other Procter & Gamble news, Chairman David S. Taylor sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $106.83, for a total transaction of $2,136,600.00. Following the completion of the transaction, the chairman now owns 246,837 shares of the company’s stock, valued at $26,369,596.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Marylynn Fergusonmchugh sold 37,027 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 112,703 shares of the company’s stock, valued at approximately $13,073,548. The disclosure for this sale can be found here. In the last three months, insiders have sold 253,747 shares of company stock valued at $29,661,946. 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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