Partnervest Advisory Services LLC Increases Stake in Procter & Gamble Co (PG)

Partnervest Advisory Services LLC lifted its holdings in Procter & Gamble Co (NYSE:PG) by 11.9% during the second quarter, HoldingsChannel reports. The firm owned 8,727 shares of the company’s stock after purchasing an additional 931 shares during the period. Partnervest Advisory Services LLC’s holdings in Procter & Gamble were worth $681,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PG. FTB Advisors Inc. raised its position in Procter & Gamble by 14.0% during the second quarter. FTB Advisors Inc. now owns 130,596 shares of the company’s stock worth $10,194,000 after acquiring an additional 16,021 shares in the last quarter. Toronto Dominion Bank raised its position in Procter & Gamble by 14.7% during the second quarter. Toronto Dominion Bank now owns 1,789,594 shares of the company’s stock worth $139,673,000 after acquiring an additional 229,233 shares in the last quarter. Bush Odonnell Investment Advisors Inc. raised its position in Procter & Gamble by 10.8% during the second quarter. Bush Odonnell Investment Advisors Inc. now owns 49,920 shares of the company’s stock worth $3,897,000 after acquiring an additional 4,864 shares in the last quarter. HL Financial Services LLC raised its position in Procter & Gamble by 3.0% during the second quarter. HL Financial Services LLC now owns 673,576 shares of the company’s stock worth $52,579,000 after acquiring an additional 19,803 shares in the last quarter. Finally, Keystone Financial Planning Inc. raised its position in Procter & Gamble by 3.0% during the second quarter. Keystone Financial Planning Inc. now owns 81,480 shares of the company’s stock worth $6,360,000 after acquiring an additional 2,392 shares in the last quarter. 58.54% of the stock is currently owned by institutional investors and hedge funds.

NYSE:PG opened at $92.41 on Friday. Procter & Gamble Co has a one year low of $70.73 and a one year high of $93.14. The firm has a market capitalization of $230.14 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.99 and a beta of 0.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 19th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The firm had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. During the same period in the previous year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be paid a $0.7172 dividend. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $2.87 annualized dividend and a dividend yield of 3.10%. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

In related news, Vice Chairman Jon R. Moeller sold 2,873 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $81.35, for a total value of $233,718.55. Following the transaction, the insider now directly owns 113,638 shares in the company, valued at $9,244,451.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary Theresa Grabowski sold 16,712 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $91.35, for a total transaction of $1,526,641.20. Following the completion of the transaction, the insider now owns 6,715 shares in the company, valued at $613,415.25. The disclosure for this sale can be found here. Insiders sold 153,302 shares of company stock worth $13,438,363 over the last 90 days. 1.84% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on PG shares. Citigroup dropped their price target on shares of Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. ValuEngine raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. SunTrust Banks upped their price target on shares of Procter & Gamble to $80.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Deutsche Bank upped their price target on shares of Procter & Gamble from $81.00 to $84.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Finally, Morgan Stanley upped their price target on shares of Procter & Gamble from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $88.38.

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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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