Pacer Advisors Inc. Sells 12,550 Shares of The Procter & Gamble Company (NYSE:PG)


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Pacer Advisors Inc. trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 8.5% in the first quarter, Holdings Channel.com reports. The fund owned 135,028 shares of the company’s stock after selling 12,550 shares during the quarter. Pacer Advisors Inc.’s holdings in The Procter & Gamble were worth $18,287,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MD Financial Management Inc. bought a new position in shares of The Procter & Gamble during the 4th quarter worth about $28,000. Greenhouse Wealth Management LLC bought a new position in shares of The Procter & Gamble during the 4th quarter worth about $31,000. Luken Investment Analytics LLC bought a new position in shares of The Procter & Gamble during the 4th quarter worth about $34,000. Flagship Private Wealth LLC bought a new position in shares of The Procter & Gamble during the 4th quarter worth about $36,000. Finally, Grant Street Asset Management Inc. bought a new position in shares of The Procter & Gamble during the 4th quarter worth about $43,000. 63.05% of the stock is owned by institutional investors.

The Procter & Gamble stock traded up $0.22 during midday trading on Thursday, hitting $136.96. 104,721 shares of the stock were exchanged, compared to its average volume of 8,402,357. The company has a fifty day simple moving average of $129.24 and a two-hundred day simple moving average of $135.38. The Procter & Gamble Company has a 52 week low of $111.25 and a 52 week high of $146.92. The stock has a market capitalization of $337.26 billion, a PE ratio of 26.15, a P/E/G ratio of 3.25 and a beta of 0.38. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.50.

The Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, January 19th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.13. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The business had revenue of $19.75 billion for the quarter, compared to analyst estimates of $19.23 billion. During the same quarter last year, the firm earned $1.42 EPS. The Procter & Gamble’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 5.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Friday, January 22nd were paid a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Thursday, January 21st. The Procter & Gamble’s payout ratio is currently 61.72%.

In other The Procter & Gamble news, insider Marc S. Pritchard sold 95,163 shares of The Procter & Gamble stock in a transaction that occurred on Thursday, January 21st. The shares were sold at an average price of $130.65, for a total value of $12,433,045.95. Following the transaction, the insider now owns 224,749 shares of the company’s stock, valued at $29,363,456.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Valarie L. Sheppard sold 1,811 shares of The Procter & Gamble stock in a transaction that occurred on Friday, February 26th. The shares were sold at an average price of $125.77, for a total transaction of $227,769.47. The disclosure for this sale can be found here. In the last ninety days, insiders sold 629,838 shares of company stock worth $81,120,667. Insiders own 0.70% of the company’s stock.

PG has been the subject of a number of recent analyst reports. Stifel Nicolaus cut shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 target price for the company. in a research report on Thursday, January 28th. Zacks Investment Research cut shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 target price for the company. in a research report on Thursday, January 21st. Sanford C. Bernstein initiated coverage on shares of The Procter & Gamble in a research report on Tuesday, January 19th. They set a “market perform” rating and a $149.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Procter & Gamble from $156.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, January 13th. Finally, Independent Research upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Friday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $148.53.

About The Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It 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 The Procter & Gamble (NYSE:PG)

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