Beck Mack & Oliver LLC Has $9.31 Million Stake in Procter & Gamble Co (NYSE:PG)

Beck Mack & Oliver LLC boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,841 shares of the company’s stock after purchasing an additional 747 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Procter & Gamble were worth $9,309,000 at the end of the most recent reporting period.

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Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Procter & Gamble by 1.8% during the second quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock worth $23,954,054,000 after purchasing an additional 3,786,962 shares in the last quarter. BlackRock Inc. increased its position in shares of Procter & Gamble by 1.5% during the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after purchasing an additional 2,470,382 shares in the last quarter. Phocas Financial Corp. increased its position in shares of Procter & Gamble by 999,937.0% during the second quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock worth $77,920,000 after purchasing an additional 71,055,523 shares in the last quarter. Northern Trust Corp increased its position in shares of Procter & Gamble by 0.9% during the second quarter. Northern Trust Corp now owns 33,064,470 shares of the company’s stock worth $3,625,519,000 after purchasing an additional 295,521 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Procter & Gamble by 6,899.0% during the second quarter. Nuveen Asset Management LLC now owns 18,416,894 shares of the company’s stock worth $2,019,412,000 after purchasing an additional 18,153,758 shares in the last quarter. 62.75% of the stock is owned by institutional investors and hedge funds.

Shares of Procter & Gamble stock traded up $1.58 during trading on Wednesday, hitting $124.53. 6,857,000 shares of the company were exchanged, compared to its average volume of 7,656,311. The company has a quick ratio of 0.54, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. Procter & Gamble Co has a fifty-two week low of $86.74 and a fifty-two week high of $125.77. The stock has a market capitalization of $304.39 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 3.31 and a beta of 0.40. The firm has a 50 day moving average price of $121.14 and a 200 day moving average price of $116.97.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.13. The company had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. Procter & Gamble’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 EPS. Analysts predict that Procter & Gamble Co will post 4.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were issued a $0.7459 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $2.98 annualized dividend and a yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.93%.

Several equities analysts recently issued reports on PG shares. Morgan Stanley boosted their price target on Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group boosted their price target on Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. ValuEngine cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Macquarie lifted their price objective on Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. Procter & Gamble currently has an average rating of “Hold” and a consensus price target of $116.71.

In other news, CEO Marylynn Fergusonmchugh sold 2,680 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $119.93, for a total transaction of $321,412.40. Following the completion of the sale, the chief executive officer now directly owns 84,901 shares in the company, valued at approximately $10,182,176.93. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Steven D. Bishop sold 41,165 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $123.36, for a total value of $5,078,114.40. Following the sale, the chief executive officer now owns 45,176 shares of the company’s stock, valued at $5,572,911.36. The disclosure for this sale can be found here. Insiders sold a total of 1,291,193 shares of company stock valued at $160,055,664 over the last quarter. 1.75% of the stock is currently owned by insiders.

About Procter & Gamble

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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