Mountain Pacific Investment Advisers Inc. ID Has $2,115,000 Position in Procter & Gamble Company (The) (PG)

Mountain Pacific Investment Advisers Inc. ID held its stake in Procter & Gamble Company (The) (NYSE:PG) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 24,267 shares of the company’s stock at the end of the second quarter. Mountain Pacific Investment Advisers Inc. ID’s holdings in Procter & Gamble Company (The) were worth $2,115,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Northwest Quadrant Wealth Management LLC acquired a new stake in Procter & Gamble Company (The) during the fourth quarter worth $552,000. Diligent Investors LLC acquired a new stake in Procter & Gamble Company (The) during the fourth quarter worth $631,000. Smith Shellnut Wilson LLC ADV acquired a new stake in Procter & Gamble Company (The) during the fourth quarter worth $292,000. Cim Investment Mangement Inc. increased its stake in Procter & Gamble Company (The) by 1.3% in the fourth quarter. Cim Investment Mangement Inc. now owns 23,306 shares of the company’s stock worth $1,960,000 after buying an additional 295 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in Procter & Gamble Company (The) during the fourth quarter worth $1,323,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Procter & Gamble Company (PG) traded up 0.43% during midday trading on Friday, reaching $92.47. 6,815,008 shares of the company’s stock were exchanged. The stock has a market cap of $235.80 billion, a P/E ratio of 16.53 and a beta of 0.68. The company’s 50-day moving average is $89.57 and its 200-day moving average is $89.11. Procter & Gamble Company has a one year low of $81.18 and a one year high of $92.95.

Procter & Gamble Company (The) (NYSE:PG) last announced its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion during the quarter, compared to the consensus estimate of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 EPS. Equities analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st were paid a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Wednesday, July 19th. Procter & Gamble Company (The)’s payout ratio is 49.37%.

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A number of analysts have recently weighed in on PG shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $80.00 target price on shares of Procter & Gamble Company (The) in a research report on Monday, April 24th. Jefferies Group LLC restated a “buy” rating and set a $103.00 target price on shares of Procter & Gamble Company (The) in a research note on Wednesday, April 26th. Vetr upgraded shares of Procter & Gamble Company (The) from a “hold” rating to a “buy” rating and set a $94.67 target price on the stock in a research note on Wednesday, April 26th. Stifel Nicolaus lowered their target price on shares of Procter & Gamble Company (The) from $88.00 to $87.00 and set a “hold” rating on the stock in a research note on Thursday, April 27th. Finally, UBS AG restated a “buy” rating and set a $102.00 target price (down previously from $104.00) on shares of Procter & Gamble Company (The) in a research note on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. Procter & Gamble Company (The) has a consensus rating of “Hold” and a consensus price target of $87.48.

In other news, insider Ioannis Skoufalos sold 3,879 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $86.17, for a total transaction of $334,253.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark F. Biegger sold 2,660 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total value of $244,826.40. Following the transaction, the insider now directly owns 23,133 shares of the company’s stock, valued at $2,129,161.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,032 shares of company stock valued at $11,130,014. Corporate insiders own 0.35% of the company’s stock.

About Procter & Gamble Company (The)

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.

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

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