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The Procter & Gamble Company (NYSE:PG) Shares Bought by Avity Investment Management Inc.

The Procter & Gamble Company (NYSE:PG) Shares Bought by Avity Investment Management Inc. #Procter #Gamble #Company #NYSEPG #Shares #Bought #Avity #Investment #Management Welcome to Americanah Blog, here is the new story we have for you today:

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Avity Investment Management Inc. raised its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 2.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,914 shares of the company’s stock after buying an additional 250 shares during the period. Avity Investment Management Inc.’s holdings in Procter & Gamble were worth $1,569,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. PrairieView Partners LLC increased its stake in shares of Procter & Gamble by 5.8% during the 1st quarter. PrairieView Partners LLC now owns 1,141 shares of the company’s stock worth $174,000 after purchasing an additional 63 shares during the last quarter. Apeiron RIA LLC increased its stake in shares of Procter & Gamble by 2.2% during the 1st quarter. Apeiron RIA LLC now owns 2,985 shares of the company’s stock worth $475,000 after purchasing an additional 64 shares during the last quarter. Ambassador Advisors LLC increased its stake in shares of Procter & Gamble by 2.2% during the 4th quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock worth $496,000 after purchasing an additional 65 shares during the last quarter. Perennial Investment Advisors LLC increased its stake in shares of Procter & Gamble by 1.1% during the 1st quarter. Perennial Investment Advisors LLC now owns 5,889 shares of the company’s stock worth $900,000 after purchasing an additional 65 shares during the last quarter. Finally, Tranquility Partners LLC increased its stake in shares of Procter & Gamble by 3.9% during the 1st quarter. Tranquility Partners LLC now owns 1,757 shares of the company’s stock worth $268,000 after purchasing an additional 66 shares during the last quarter. 63.45% of the stock is currently owned by institutional investors.

Insider Transactions at Procter & Gamble

In other news, insider Mary Theresa Grabowski sold 16,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $147.00, for a total transaction of $2,352,000.00. Following the completion of the transaction, the insider now directly owns 4,326 shares of the company’s stock, valued at approximately $635,922. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Mary Theresa Grabowski sold 16,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $147.00, for a total transaction of $2,352,000.00. Following the completion of the transaction, the insider now directly owns 4,326 shares of the company’s stock, valued at approximately $635,922. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 27,809 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $147.95, for a total transaction of $4,114,341.55. Following the transaction, the chief executive officer now directly owns 32,895 shares of the company’s stock, valued at $4,866,815.25. The disclosure for this sale can be found here. In the last three months, insiders sold 289,321 shares of company stock valued at $42,559,426. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PG shares. UBS Group dropped their price target on shares of Procter & Gamble to $153.00 in a research note on Friday, July 22nd. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Barclays lowered their target price on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 2nd. Finally, Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $170.00 to $160.00 in a research note on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.93.

Procter & Gamble Stock Performance

NYSE PG opened at $135.73 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.65 and a quick ratio of 0.45. The firm has a market capitalization of $323.78 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 3.53 and a beta of 0.35. The company’s fifty day moving average is $142.76 and its two-hundred day moving average is $147.31. The Procter & Gamble Company has a 52-week low of $129.50 and a 52-week high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The company had revenue of $19.52 billion during the quarter, compared to analyst estimates of $19.41 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 earnings per share. Equities research analysts forecast that The Procter & Gamble Company will post 5.94 EPS for the current year.

Procter & Gamble Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 22nd were issued a dividend of $0.913 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Thursday, July 21st. Procter & Gamble’s payout ratio is 62.82%.

About Procter & Gamble

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The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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

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