Procter & Gamble Co (NYSE:PG) Shares Acquired by Middleton & Co Inc MA

Middleton & Co Inc MA grew its position in Procter & Gamble Co (NYSE:PG) by 1.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 24,349 shares of the company’s stock after acquiring an additional 244 shares during the quarter. Middleton & Co Inc MA’s holdings in Procter & Gamble were worth $2,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Procter & Gamble by 26.4% in the first quarter. FMR LLC now owns 35,400,538 shares of the company’s stock valued at $3,683,425,000 after acquiring an additional 7,389,251 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Procter & Gamble by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 25,152,723 shares of the company’s stock valued at $2,312,039,000 after acquiring an additional 775,146 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Procter & Gamble by 7.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,255,888 shares of the company’s stock valued at $1,034,640,000 after acquiring an additional 788,247 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Procter & Gamble by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 10,334,800 shares of the company’s stock valued at $949,975,000 after acquiring an additional 299,281 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Procter & Gamble by 24.3% during the fourth quarter. California Public Employees Retirement System now owns 8,672,672 shares of the company’s stock worth $797,192,000 after purchasing an additional 1,698,051 shares during the last quarter. 62.17% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman David S. Taylor sold 20,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $105.80, for a total value of $2,116,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Valarie L. Sheppard sold 17,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $120.20, for a total value of $2,043,400.00. The disclosure for this sale can be found here. Insiders sold 201,623 shares of company stock valued at $22,487,930 in the last quarter. 1.84% of the stock is currently owned by company insiders.

Several research firms have recently commented on PG. Credit Suisse Group upped their price target on Procter & Gamble from $108.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Stifel Nicolaus set a $117.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Morgan Stanley upped their price target on Procter & Gamble from $120.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Goldman Sachs Group upgraded Procter & Gamble from a “neutral” rating to a “buy” rating and upped their price target for the stock from $114.00 to $125.00 in a research note on Thursday, June 27th. Finally, DZ Bank restated a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. Procter & Gamble presently has an average rating of “Hold” and an average target price of $108.15.

NYSE:PG traded down $1.09 during trading hours on Friday, hitting $116.35. The company’s stock had a trading volume of 1,983,018 shares, compared to its average volume of 8,593,302. The company has a 50-day moving average price of $113.91. The firm has a market capitalization of $286.65 billion, a P/E ratio of 25.74, a PEG ratio of 3.31 and a beta of 0.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.75 and a quick ratio of 0.58. Procter & Gamble Co has a 52-week low of $78.49 and a 52-week high of $121.76.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.04. The firm had revenue of $17.09 billion during the quarter, compared to analysts’ expectations of $16.86 billion. Procter & Gamble had a return on equity of 22.92% and a net margin of 5.76%. Procter & Gamble’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 earnings per share. On average, research analysts anticipate that Procter & Gamble Co will post 4.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be given a $0.7459 dividend. This represents a $2.98 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, July 18th. Procter & Gamble’s payout ratio is 65.93%.

Procter & Gamble Company Profile

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.

Featured Story: How is inflation measured?

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

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

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