Bridge Creek Capital Management LLC Sells 1,804 Shares of Procter & Gamble Co (NYSE:PG)

Bridge Creek Capital Management LLC cut its holdings in shares of Procter & Gamble Co (NYSE:PG) by 5.0% during the third quarter, Holdings Channel.com reports. The fund owned 34,290 shares of the company’s stock after selling 1,804 shares during the period. Procter & Gamble accounts for approximately 2.1% of Bridge Creek Capital Management LLC’s portfolio, making the stock its 11th largest position. Bridge Creek Capital Management LLC’s holdings in Procter & Gamble were worth $4,265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of PG. Phocas Financial Corp. raised its holdings in Procter & Gamble by 999,937.0% during the second quarter. Phocas Financial Corp. now owns 71,062,629 shares of the company’s stock valued at $779,000 after acquiring an additional 71,055,523 shares during the period. Nuveen Asset Management LLC raised its holdings in 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 valued at $2,019,412,000 after acquiring an additional 18,153,758 shares during the period. FMR LLC raised its holdings in Procter & Gamble by 26.4% during 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. Vanguard Group Inc. raised its holdings in Procter & Gamble by 1.8% during the second quarter. Vanguard Group Inc. now owns 218,459,217 shares of the company’s stock valued at $23,954,054,000 after acquiring an additional 3,786,962 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Procter & Gamble by 49.8% during the second quarter. AQR Capital Management LLC now owns 9,086,135 shares of the company’s stock valued at $996,295,000 after acquiring an additional 3,019,494 shares during the period. 65.62% of the stock is currently owned by institutional investors and hedge funds.

In other Procter & Gamble news, CEO Marylynn Fergusonmchugh sold 37,027 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $116.00, for a total transaction of $4,295,132.00. Following the completion of the transaction, the chief executive officer now owns 112,703 shares in the company, valued at $13,073,548. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Valarie L. Sheppard sold 1,259 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $120.36, for a total value of $151,533.24. Following the transaction, the vice president now owns 26,094 shares of the company’s stock, valued at approximately $3,140,673.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 448,674 shares of company stock valued at $53,197,461. 1.75% of the stock is currently owned by company insiders.

PG has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on Procter & Gamble from $129.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday. Goldman Sachs Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $114.00 to $125.00 in a report on Thursday, June 27th. Deutsche Bank lifted their target price on Procter & Gamble from $106.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, June 17th. UBS Group set a $122.00 target price on Procter & Gamble and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, TheStreet cut Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Procter & Gamble presently has an average rating of “Hold” and a consensus price target of $108.95.

PG traded down $0.04 on Thursday, hitting $121.94. The company had a trading volume of 3,723,671 shares, compared to its average volume of 6,829,702. The company has a market cap of $307.42 billion, a PE ratio of 26.98, a PEG ratio of 3.57 and a beta of 0.42. Procter & Gamble Co has a 12-month low of $78.49 and a 12-month high of $125.36. The company has a quick ratio of 0.58, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $121.75 and its 200 day simple moving average is $112.47.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.04. The company had revenue of $17.09 billion during the quarter, compared to analyst estimates of $16.86 billion. Procter & Gamble had a return on equity of 23.03% and a net margin of 5.76%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.94 earnings per share. On average, analysts anticipate that Procter & Gamble Co will post 4.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a $0.7459 dividend. The ex-dividend date is Thursday, October 17th. This represents a $2.98 annualized dividend and a yield of 2.45%. Procter & Gamble’s dividend payout ratio is currently 65.93%.

Procter & Gamble 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.

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

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