Procter & Gamble Co (NYSE:PG) Holdings Lessened by Regent Investment Management LLC

Regent Investment Management LLC decreased its position in shares of Procter & Gamble Co (NYSE:PG) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,405 shares of the company’s stock after selling 5,671 shares during the quarter. Procter & Gamble makes up about 2.1% of Regent Investment Management LLC’s holdings, making the stock its 8th largest position. Regent Investment Management LLC’s holdings in Procter & Gamble were worth $6,518,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Slow Capital Inc. boosted its holdings in Procter & Gamble by 3.9% in the 2nd quarter. Slow Capital Inc. now owns 2,317 shares of the company’s stock valued at $254,000 after purchasing an additional 86 shares in the last quarter. Stony Point Wealth Management Inc. boosted its holdings in Procter & Gamble by 0.7% in the 2nd quarter. Stony Point Wealth Management Inc. now owns 12,805 shares of the company’s stock valued at $1,485,000 after purchasing an additional 91 shares in the last quarter. Centric Wealth Management boosted its holdings in Procter & Gamble by 0.9% in the 3rd quarter. Centric Wealth Management now owns 10,692 shares of the company’s stock valued at $1,295,000 after purchasing an additional 91 shares in the last quarter. Family Legacy Inc. boosted its holdings in Procter & Gamble by 0.6% in the 2nd quarter. Family Legacy Inc. now owns 16,162 shares of the company’s stock valued at $1,772,000 after purchasing an additional 95 shares in the last quarter. Finally, Earnest Partners LLC boosted its holdings in Procter & Gamble by 8.0% in the 2nd quarter. Earnest Partners LLC now owns 1,296 shares of the company’s stock valued at $142,000 after purchasing an additional 96 shares in the last quarter. 65.64% of the stock is currently owned by institutional investors.

PG stock opened at $117.47 on Friday. The firm has a 50 day moving average of $121.81 and a 200-day moving average of $113.22. Procter & Gamble Co has a 12-month low of $84.86 and a 12-month high of $125.36. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 0.44. The company has a market cap of $291.88 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 3.39 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.04. Procter & Gamble had a net margin of 5.76% and a return on equity of 23.03%. The company had revenue of $17.09 billion during the quarter, compared to the consensus estimate of $16.86 billion. During the same period last year, the firm earned $0.94 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts forecast that Procter & Gamble Co will post 4.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a dividend of $0.7459 per share. The ex-dividend date is Thursday, October 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.54%. Procter & Gamble’s dividend payout ratio is currently 65.93%.

In related news, CEO Marylynn Fergusonmchugh sold 37,027 shares of Procter & Gamble 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 directly owns 112,703 shares in the company, valued at approximately $13,073,548. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carolyn M. Tastad sold 10,662 shares of Procter & Gamble stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $118.00, for a total value of $1,258,116.00. Following the transaction, the insider now owns 61,225 shares of the company’s stock, valued at $7,224,550. The disclosure for this sale can be found here. Insiders have sold a total of 451,354 shares of company stock valued at $53,518,874 over the last 90 days. Insiders own 1.75% of the company’s stock.

A number of equities research analysts have weighed in on PG shares. Goldman Sachs Group raised Procter & Gamble from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $114.00 to $125.00 in a report on Thursday, June 27th. TheStreet lowered Procter & Gamble from an “a-” rating to a “c+” rating in a report on Tuesday, July 30th. Stifel Nicolaus set a $117.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Wednesday, July 31st. Morgan Stanley lifted their price target on shares of Procter & Gamble from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Scotiabank reiterated a “buy” rating on shares of Procter & Gamble in a research report on Friday, July 5th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Procter & Gamble has a consensus rating of “Hold” and a consensus price target of $109.44.

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.

Further Reading: Trading Strategy

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.