Whittier Trust Co. Buys 477 Shares of Procter & Gamble Co (NYSE:PG)

Whittier Trust Co. grew its stake in shares of Procter & Gamble Co (NYSE:PG) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255,312 shares of the company’s stock after purchasing an additional 477 shares during the period. Procter & Gamble makes up 0.8% of Whittier Trust Co.’s investment portfolio, making the stock its 25th largest holding. Whittier Trust Co.’s holdings in Procter & Gamble were worth $27,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Merit Financial Group LLC raised its holdings in shares of Procter & Gamble by 1.6% during the first quarter. Merit Financial Group LLC now owns 6,082 shares of the company’s stock valued at $632,000 after purchasing an additional 96 shares during the last quarter. O Keefe Stevens Advisory Inc. raised its holdings in shares of Procter & Gamble by 4.8% during the second quarter. O Keefe Stevens Advisory Inc. now owns 2,200 shares of the company’s stock valued at $241,000 after purchasing an additional 100 shares during the last quarter. YorkBridge Wealth Partners LLC raised its holdings in shares of Procter & Gamble by 0.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 25,041 shares of the company’s stock valued at $2,746,000 after purchasing an additional 112 shares during the last quarter. NewSquare Capital LLC raised its holdings in shares of Procter & Gamble by 0.7% during the fourth quarter. NewSquare Capital LLC now owns 16,496 shares of the company’s stock valued at $1,516,000 after purchasing an additional 115 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA raised its holdings in shares of Procter & Gamble by 1.0% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 11,760 shares of the company’s stock valued at $1,081,000 after purchasing an additional 115 shares during the last quarter. 62.17% of the stock is currently owned by hedge funds and other institutional investors.

In other Procter & Gamble news, insider Mary Theresa Grabowski sold 5,200 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $119.10, for a total transaction of $619,320.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Valarie L. Sheppard sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $120.20, for a total transaction of $2,043,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 217,335 shares of company stock worth $23,314,975 in the last three months. Insiders own 1.84% of the company’s stock.

PG has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a “neutral” rating and set a $89.00 target price on shares of Procter & Gamble in a report on Tuesday, July 30th. Morgan Stanley upped their target price on shares of Procter & Gamble from $120.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Barclays raised shares of Procter & Gamble from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $94.00 to $112.00 in a report on Wednesday, April 24th. Credit Suisse Group upped their target price on shares of Procter & Gamble from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, SunTrust Banks upped their target price on shares of Procter & Gamble to $120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and an average target price of $108.15.

PG stock traded up $1.50 during trading on Tuesday, hitting $114.58. The company had a trading volume of 4,032,666 shares, compared to its average volume of 8,112,809. The stock has a market cap of $286.20 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 3.37 and a beta of 0.45. Procter & Gamble Co has a 52-week low of $78.49 and a 52-week high of $121.76. The firm has a 50 day moving average of $113.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.75 and a quick ratio of 0.58.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.04. The business had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.86 billion. Procter & Gamble had a net margin of 5.76% and a return on equity of 22.92%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. As a group, analysts anticipate that Procter & Gamble Co will post 4.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be given a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is 65.93%.

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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