Kessler Investment Group LLC Sells 239 Shares of The Procter & Gamble Company (NYSE:PG)

Kessler Investment Group LLC cut its holdings in The Procter & Gamble Company (NYSE:PG) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,365 shares of the company’s stock after selling 239 shares during the period. The Procter & Gamble accounts for 2.7% of Kessler Investment Group LLC’s investment portfolio, making the stock its 14th biggest position. Kessler Investment Group LLC’s holdings in The Procter & Gamble were worth $2,414,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Morgan Stanley lifted its stake in The Procter & Gamble by 54.8% in the 1st quarter. Morgan Stanley now owns 20,883,111 shares of the company’s stock worth $2,297,142,000 after purchasing an additional 7,392,929 shares in the last quarter. GQG Partners LLC purchased a new stake in The Procter & Gamble in the 2nd quarter worth approximately $588,945,000. Two Sigma Advisers LP lifted its stake in The Procter & Gamble by 171.9% in the 2nd quarter. Two Sigma Advisers LP now owns 3,722,500 shares of the company’s stock worth $445,099,000 after purchasing an additional 2,353,200 shares in the last quarter. FMR LLC lifted its stake in The Procter & Gamble by 8.0% in the 2nd quarter. FMR LLC now owns 23,587,275 shares of the company’s stock worth $2,820,331,000 after purchasing an additional 1,737,306 shares in the last quarter. Finally, State Street Corp lifted its stake in The Procter & Gamble by 0.9% in the 1st quarter. State Street Corp now owns 118,284,669 shares of the company’s stock worth $13,011,314,000 after purchasing an additional 1,086,517 shares in the last quarter. 62.81% of the stock is owned by institutional investors.

Several analysts have issued reports on the stock. SunTrust Banks increased their target price on shares of The Procter & Gamble from $115.00 to $120.00 in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of The Procter & Gamble from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 8th. Barclays restated a “buy” rating on shares of The Procter & Gamble in a research report on Sunday, August 2nd. Jefferies Financial Group raised their price objective on shares of The Procter & Gamble from $153.00 to $166.00 and gave the company a “buy” rating in a research report on Monday, October 12th. Finally, Morgan Stanley raised their price objective on shares of The Procter & Gamble from $144.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, October 5th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The Procter & Gamble presently has an average rating of “Buy” and an average price target of $137.87.

Shares of NYSE:PG opened at $144.39 on Friday. The stock has a market cap of $359.48 billion, a PE ratio of 29.11, a PEG ratio of 3.45 and a beta of 0.43. The company’s fifty day moving average is $138.93 and its 200 day moving average is $125.52. The Procter & Gamble Company has a 52 week low of $94.34 and a 52 week high of $145.87. 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 (NYSE:PG) last issued its earnings results on Thursday, July 30th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The company had revenue of $17.70 billion for the quarter, compared to analysts’ expectations of $16.97 billion. The Procter & Gamble had a net margin of 18.36% and a return on equity of 29.53%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. Sell-side analysts anticipate that The Procter & Gamble Company will post 5.4 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Thursday, October 22nd. The Procter & Gamble’s dividend payout ratio (DPR) is presently 61.72%.

In other The Procter & Gamble news, CEO David S. Taylor sold 30,000 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $130.22, for a total value of $3,906,600.00. Following the sale, the chief executive officer now owns 273,429 shares of the company’s stock, valued at approximately $35,605,924.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Valarie L. Sheppard sold 4,688 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $138.28, for a total transaction of $648,256.64. Following the completion of the sale, the vice president now directly owns 26,704 shares in the company, valued at approximately $3,692,629.12. The disclosure for this sale can be found here. In the last three months, insiders sold 272,757 shares of company stock worth $36,738,374. Insiders own 0.70% of the company’s stock.

The Procter & Gamble Profile

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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