Procter & Gamble Company (The) (PG) Shares Sold by Palisade Capital Management LLC NJ

Palisade Capital Management LLC NJ reduced its stake in Procter & Gamble Company (The) (NYSE:PG) by 4.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 28,440 shares of the company’s stock after selling 1,266 shares during the quarter. Palisade Capital Management LLC NJ’s holdings in Procter & Gamble Company (The) were worth $2,479,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Financial Consulate Inc. lifted its holdings in Procter & Gamble Company (The) by 6.0% during the second quarter. Financial Consulate Inc. now owns 4,518 shares of the company’s stock valued at $394,000 after purchasing an additional 254 shares during the last quarter. Beach Investment Management LLC. purchased a new stake in Procter & Gamble Company (The) during the second quarter valued at about $6,942,000. Peak Asset Management LLC lifted its holdings in Procter & Gamble Company (The) by 8.2% during the second quarter. Peak Asset Management LLC now owns 21,536 shares of the company’s stock valued at $1,877,000 after purchasing an additional 1,629 shares during the last quarter. Iron Financial LLC lifted its holdings in Procter & Gamble Company (The) by 0.8% during the second quarter. Iron Financial LLC now owns 3,342 shares of the company’s stock valued at $291,000 after purchasing an additional 25 shares during the last quarter. Finally, Perennial Advisors LLC lifted its holdings in Procter & Gamble Company (The) by 4.1% during the second quarter. Perennial Advisors LLC now owns 26,542 shares of the company’s stock valued at $2,313,000 after purchasing an additional 1,050 shares during the last quarter. 59.73% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on PG shares. Jefferies Group LLC reiterated a “buy” rating and set a $98.00 price target on shares of Procter & Gamble Company (The) in a research report on Monday, July 17th. BidaskClub upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research report on Tuesday, August 1st. Bank of America Corporation upped their price target on Procter & Gamble Company (The) from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Finally, Vetr upgraded Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $93.02 price target on the stock in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $88.69.

Shares of Procter & Gamble Company (NYSE:PG) opened at $89.00 on Tuesday. Procter & Gamble Company has a 52 week low of $81.18 and a 52 week high of $94.67. The company has a market capitalization of $223,658.23, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.84 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The company had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. Procter & Gamble Company (The) had a return on equity of 20.35% and a net margin of 23.72%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. analysts expect that Procter & Gamble Company will post 4.16 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th will be issued a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.10%. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 48.51%.

TRADEMARK VIOLATION NOTICE: “Procter & Gamble Company (The) (PG) Shares Sold by Palisade Capital Management LLC NJ” was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.truebluetribune.com/2017/11/14/procter-gamble-company-the-pg-position-lowered-by-palisade-capital-management-llc-nj.html.

In other news, SVP Valarie L. Sheppard sold 20,175 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carolyn M. Tastad sold 5,300 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.18, for a total value of $472,654.00. Following the transaction, the insider now owns 57,191 shares of the company’s stock, valued at $5,100,293.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,694 shares of company stock valued at $2,987,000. 0.35% of the stock is owned by corporate insiders.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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

Receive News & Ratings for Procter & Gamble Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply