Investment Partners LTD. Sells 2,355 Shares of The Procter & Gamble Company (NYSE:PG)

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Investment Partners LTD. decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,070 shares of the company’s stock after selling 2,355 shares during the quarter. Investment Partners LTD.’s holdings in The Procter & Gamble were worth $1,400,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of The Procter & Gamble by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 25,520,174 shares of the company’s stock worth $3,051,447,000 after buying an additional 487,686 shares during the period. FMR LLC boosted its position in shares of The Procter & Gamble by 8.0% during the second quarter. FMR LLC now owns 23,587,275 shares of the company’s stock valued at $2,820,331,000 after buying an additional 1,737,306 shares during the last quarter. Morgan Stanley boosted its position in shares of The Procter & Gamble by 54.8% during the first quarter. Morgan Stanley now owns 20,883,111 shares of the company’s stock valued at $2,297,142,000 after buying an additional 7,392,929 shares during the last quarter. Swiss National Bank boosted its position in shares of The Procter & Gamble by 0.3% during the second quarter. Swiss National Bank now owns 10,757,748 shares of the company’s stock valued at $1,286,304,000 after buying an additional 33,600 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of The Procter & Gamble by 2.1% during the third quarter. California Public Employees Retirement System now owns 9,734,981 shares of the company’s stock valued at $1,353,065,000 after buying an additional 202,512 shares during the last quarter. Hedge funds and other institutional investors own 62.81% of the company’s stock.

PG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on The Procter & Gamble from $150.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Jefferies Financial Group raised their target price on The Procter & Gamble from $153.00 to $166.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Smith Barney Citigroup raised their target price on The Procter & Gamble from $159.00 to $165.00 in a research report on Wednesday, October 21st. Barclays reissued a “buy” rating on shares of The Procter & Gamble in a research report on Sunday, August 2nd. Finally, Morgan Stanley raised their target price on The Procter & Gamble from $158.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $144.50.

NYSE PG opened at $141.95 on Tuesday. The stock’s 50-day moving average price is $141.19 and its 200-day moving average price is $129.38. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 52 week low of $94.34 and a 52 week high of $146.92. The company has a market capitalization of $353.17 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 3.53 and a beta of 0.43.

The Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.42 by $0.21. The firm had revenue of $19.32 billion for the quarter, compared to the consensus estimate of $18.38 billion. The Procter & Gamble had a return on equity of 29.53% and a net margin of 18.36%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share. Research analysts anticipate that The Procter & Gamble Company will post 5.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 16th. Investors of record on Friday, October 23rd were paid a dividend of $0.7907 per share. This represents a $3.16 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.

In related news, VP Valarie L. Sheppard sold 2,922 shares of The Procter & Gamble stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $136.53, for a total transaction of $398,940.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jon R. Moeller sold 81,755 shares of The Procter & Gamble stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $136.18, for a total value of $11,133,395.90. Insiders have sold a total of 498,214 shares of company stock worth $70,239,802 in the last three months. 0.70% of the stock is owned by corporate insiders.

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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