Procter & Gamble Company (The) (PG) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. lowered its position in Procter & Gamble Company (The) (NYSE:PG) by 25.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,601 shares of the company’s stock after selling 905 shares during the period. Traynor Capital Management Inc.’s holdings in Procter & Gamble Company (The) were worth $231,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Sterling Global Strategies LLC raised its stake in shares of Procter & Gamble Company (The) by 0.4% in the second quarter. Sterling Global Strategies LLC now owns 11,247 shares of the company’s stock valued at $980,000 after acquiring an additional 47 shares during the last quarter. First Capital Advisors Group LLC. raised its stake in shares of Procter & Gamble Company (The) by 1.5% in the second quarter. First Capital Advisors Group LLC. now owns 23,396 shares of the company’s stock valued at $2,039,000 after acquiring an additional 346 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Procter & Gamble Company (The) by 25.9% in the second quarter. Wedge Capital Management L L P NC now owns 2,878 shares of the company’s stock valued at $251,000 after acquiring an additional 592 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in shares of Procter & Gamble Company (The) in the second quarter valued at approximately $2,845,000. Finally, Partnervest Advisory Services LLC raised its stake in shares of Procter & Gamble Company (The) by 5.8% in the second quarter. Partnervest Advisory Services LLC now owns 8,335 shares of the company’s stock valued at $726,000 after acquiring an additional 459 shares during the last quarter. Institutional investors own 59.73% of the company’s stock.

WARNING: This piece was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.chaffeybreeze.com/2017/11/15/procter-gamble-company-the-pg-shares-sold-by-traynor-capital-management-inc.html.

In related news, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the transaction, the insider now directly owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Valarie L. Sheppard sold 20,175 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $92.65, for a total transaction of $1,869,213.75. The disclosure for this sale can be found here. Insiders sold a total of 32,694 shares of company stock valued at $2,987,000 in the last three months. 0.35% of the stock is owned by company insiders.

Several research analysts recently weighed in on PG shares. Jefferies Group LLC restated a “buy” rating and issued a $104.00 price objective (up previously from $103.00) on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 20th. Zacks Investment Research cut shares of Procter & Gamble Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Procter & Gamble Company (The) in a research report on Wednesday, October 4th. Royal Bank Of Canada restated an “outperform” rating and issued a $80.00 price objective on shares of Procter & Gamble Company (The) in a research report on Wednesday, September 6th. Finally, Vetr upgraded shares of Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 price objective for the company in a research report on Friday, September 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $88.69.

Procter & Gamble Company (PG) opened at $88.87 on Wednesday. Procter & Gamble Company has a fifty-two week low of $81.18 and a fifty-two week high of $94.67. The stock has a market cap of $225,789.27, a price-to-earnings ratio of 22.36, a PEG ratio of 2.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75.

Procter & Gamble Company (The) (NYSE:PG) last announced its quarterly earnings results on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. Procter & Gamble Company (The) had a net margin of 23.72% and a return on equity of 20.35%. The company had revenue of $16.65 billion during the quarter, compared to analyst estimates of $16.69 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The firm’s revenue was up .8% on a year-over-year basis. sell-side analysts expect that Procter & Gamble Company will post 4.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th will be issued a $0.6896 dividend. This represents a $2.76 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, October 19th. Procter & Gamble Company (The)’s dividend payout ratio (DPR) is 48.51%.

Procter & Gamble Company (The) Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

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 Company (The) (NYSE:PG).

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

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

Latest News

Leave a Reply