Mutual of America Capital Management LLC Reduces Holdings in The Procter & Gamble Company (NYSE:PG)

Mutual of America Capital Management LLC reduced its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,677 shares of the company’s stock after selling 943 shares during the quarter. Procter & Gamble makes up 0.5% of Mutual of America Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Mutual of America Capital Management LLC’s holdings in Procter & Gamble were worth $46,508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Johnson Bixby & Associates LLC boosted its holdings in shares of Procter & Gamble by 232.0% in the 3rd quarter. Johnson Bixby & Associates LLC now owns 9,851 shares of the company’s stock valued at $1,377,000 after purchasing an additional 6,884 shares during the last quarter. Clarkston Capital Partners LLC lifted its holdings in shares of Procter & Gamble by 6.3% during the 2nd quarter. Clarkston Capital Partners LLC now owns 107,763 shares of the company’s stock valued at $14,540,000 after acquiring an additional 6,430 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in shares of Procter & Gamble by 9.5% during the 2nd quarter. NewEdge Wealth LLC now owns 59,702 shares of the company’s stock valued at $8,056,000 after acquiring an additional 5,161 shares in the last quarter. GWM Advisors LLC lifted its holdings in shares of Procter & Gamble by 2.9% during the 3rd quarter. GWM Advisors LLC now owns 63,801 shares of the company’s stock valued at $8,919,000 after acquiring an additional 1,823 shares in the last quarter. Finally, Aureus Asset Management LLC lifted its holdings in shares of Procter & Gamble by 374.6% during the 2nd quarter. Aureus Asset Management LLC now owns 39,238 shares of the company’s stock valued at $5,294,000 after acquiring an additional 30,970 shares in the last quarter. Hedge funds and other institutional investors own 62.86% of the company’s stock.

NYSE:PG traded up $1.87 during midday trading on Friday, reaching $160.16. The stock had a trading volume of 154,202 shares, compared to its average volume of 8,360,676. The Procter & Gamble Company has a 1-year low of $121.54 and a 1-year high of $165.32. The firm’s fifty day simple moving average is $154.25 and its 200-day simple moving average is $145.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.67 and a quick ratio of 0.49. The stock has a market capitalization of $387.58 billion, a P/E ratio of 28.91, a PEG ratio of 4.00 and a beta of 0.47.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Monday, October 18th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.02. Procter & Gamble had a net margin of 18.33% and a return on equity of 31.49%. The company had revenue of $20.34 billion for the quarter, compared to analyst estimates of $19.87 billion. During the same period last year, the business posted $1.63 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts anticipate that The Procter & Gamble Company will post 5.91 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Friday, January 21st will be paid a $0.8698 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Thursday, January 20th. Procter & Gamble’s dividend payout ratio is presently 63.62%.

A number of equities analysts have commented on PG shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Procter & Gamble from $163.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, October 20th. Royal Bank of Canada reissued a “hold” rating and issued a $150.00 target price on shares of Procter & Gamble in a research report on Tuesday, December 21st. Berenberg Bank reaffirmed a “hold” rating and set a $146.00 price objective on shares of Procter & Gamble in a research report on Wednesday, October 20th. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research note on Tuesday, October 5th. Finally, Bank of America assumed coverage on shares of Procter & Gamble in a research note on Tuesday, October 5th. They set a “buy” rating for the company. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Hold” and an average target price of $149.44.

In related news, CEO Ma. Fatima Francisco sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, October 26th. The shares were sold at an average price of $143.00, for a total transaction of $171,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David S. Taylor sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 10th. The shares were sold at an average price of $146.00, for a total transaction of $7,300,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,249 shares of company stock valued at $22,257,187. Insiders own 0.51% of the company’s stock.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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

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