Day & Ennis LLC Buys 49,523 Shares of Procter & Gamble Co (PG)

Day & Ennis LLC increased its position in shares of Procter & Gamble Co (NYSE:PG) by 435.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,902 shares of the company’s stock after purchasing an additional 49,523 shares during the period. Procter & Gamble accounts for approximately 3.5% of Day & Ennis LLC’s portfolio, making the stock its 5th largest position. Day & Ennis LLC’s holdings in Procter & Gamble were worth $4,754,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PG. BlackRock Inc. boosted its stake in shares of Procter & Gamble by 1.9% in the 1st quarter. BlackRock Inc. now owns 162,599,226 shares of the company’s stock valued at $12,890,867,000 after purchasing an additional 2,961,408 shares during the last quarter. Yacktman Asset Management LP raised its position in shares of Procter & Gamble by 0.7% in the 2nd quarter. Yacktman Asset Management LP now owns 15,488,275 shares of the company’s stock valued at $1,209,015,000 after acquiring an additional 105,318 shares during the period. Franklin Resources Inc. raised its position in shares of Procter & Gamble by 63.1% in the 1st quarter. Franklin Resources Inc. now owns 11,150,063 shares of the company’s stock valued at $883,964,000 after acquiring an additional 4,315,180 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Procter & Gamble by 9.3% in the 1st quarter. Loomis Sayles & Co. L P now owns 10,901,136 shares of the company’s stock valued at $864,242,000 after acquiring an additional 928,541 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Procter & Gamble by 3.7% in the 2nd quarter. Fisher Asset Management LLC now owns 9,844,145 shares of the company’s stock valued at $768,434,000 after acquiring an additional 351,075 shares during the period. Hedge funds and other institutional investors own 58.53% of the company’s stock.

NYSE:PG opened at $93.83 on Friday. Procter & Gamble Co has a 1-year low of $70.73 and a 1-year high of $93.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.80 and a quick ratio of 0.62. The firm has a market capitalization of $233.70 billion, a P/E ratio of 22.23, a PEG ratio of 3.04 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 19th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.03. Procter & Gamble had a net margin of 15.10% and a return on equity of 21.20%. The business had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.45 billion. During the same period last year, the business earned $1.09 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Procter & Gamble Co will post 4.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Friday, October 19th were given a dividend of $0.7172 per share. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a yield of 3.06%. Procter & Gamble’s dividend payout ratio (DPR) is 68.01%.

In other Procter & Gamble news, insider Gary A. Coombe sold 10,992 shares of Procter & Gamble stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $93.90, for a total transaction of $1,032,148.80. Following the completion of the transaction, the insider now directly owns 64,247 shares of the company’s stock, valued at $6,032,793.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Jon R. Moeller sold 10,833 shares of Procter & Gamble stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $83.52, for a total transaction of $904,772.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 494,352 shares of company stock valued at $44,961,608. Company insiders own 1.84% of the company’s stock.

A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Citigroup increased their price target on shares of Procter & Gamble from $93.00 to $99.00 and gave the company a “buy” rating in a research report on Monday, October 22nd. UBS Group increased their price target on shares of Procter & Gamble from $82.00 to $87.00 and gave the company a “neutral” rating in a research report on Monday, October 22nd. SunTrust Banks increased their price target on shares of Procter & Gamble to $85.00 and gave the company a “hold” rating in a research report on Monday, October 22nd. Finally, Wells Fargo & Co increased their price target on shares of Procter & Gamble from $78.00 to $84.00 and gave the company a “market perform” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Procter & Gamble presently has an average rating of “Hold” and an average price target of $88.38.

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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.

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

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