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Evercore Wealth Management LLC Buys 935 Shares of The Procter & Gamble Company (NYSE:PG)

Evercore Wealth Management LLC raised its stake in The Procter & Gamble Company (NYSE:PGGet Rating) by 0.9% in the first quarter, Holdings Channel.com reports. The firm owned 99,381 shares of the company’s stock after acquiring an additional 935 shares during the period. Evercore Wealth Management LLC’s holdings in Procter & Gamble were worth $15,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of PG. Norges Bank bought a new stake in Procter & Gamble in the 4th quarter valued at $3,726,603,000. GQG Partners LLC bought a new stake in Procter & Gamble in the 4th quarter valued at $1,231,791,000. Boston Partners boosted its holdings in Procter & Gamble by 14,217.6% in the 1st quarter. Boston Partners now owns 3,415,888 shares of the company’s stock valued at $522,695,000 after purchasing an additional 3,392,030 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Procter & Gamble by 330.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,372,002 shares of the company’s stock valued at $515,242,000 after purchasing an additional 2,588,640 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Procter & Gamble by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 217,519,281 shares of the company’s stock valued at $33,236,946,000 after buying an additional 2,394,234 shares in the last quarter. 63.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 907 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total value of $135,442.31. Following the transaction, the insider now owns 6,253 shares of the company’s stock, valued at approximately $933,760.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Susan Street Whaley sold 907 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $149.33, for a total transaction of $135,442.31. Following the transaction, the insider now owns 6,253 shares of the company’s stock, valued at approximately $933,760.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andre Schulten sold 987 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $149.33, for a total transaction of $147,388.71. Following the transaction, the chief financial officer now directly owns 27,330 shares in the company, valued at approximately $4,081,188.90. The disclosure for this sale can be found here. Insiders have sold a total of 289,321 shares of company stock valued at $42,559,426 in the last 90 days. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PG shares. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Evercore ISI set a $170.00 price objective on shares of Procter & Gamble in a research note on Monday, June 20th. Wells Fargo & Company dropped their price objective on shares of Procter & Gamble from $170.00 to $160.00 in a research note on Friday, July 22nd. UBS Group dropped their price objective on shares of Procter & Gamble to $153.00 in a research note on Friday, July 22nd. Finally, Barclays dropped their price objective on shares of Procter & Gamble from $157.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday, August 2nd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.93.

Procter & Gamble Stock Up 0.8 %

Shares of NYSE:PG opened at $141.10 on Tuesday. The Procter & Gamble Company has a 12 month low of $129.50 and a 12 month high of $165.35. The company’s 50-day moving average price is $143.95 and its two-hundred day moving average price is $148.16. The company has a quick ratio of 0.45, a current ratio of 0.65 and a debt-to-equity ratio of 0.50. The firm has a market cap of $336.59 billion, a P/E ratio of 24.29, a P/E/G ratio of 3.87 and a beta of 0.35.

Procter & Gamble (NYSE:PGGet Rating) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). Procter & Gamble had a return on equity of 32.67% and a net margin of 18.39%. The company had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $19.41 billion. During the same period in the prior year, the company earned $1.13 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. As a group, research analysts forecast that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

Procter & Gamble Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 22nd were issued a dividend of $0.913 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Thursday, July 21st. Procter & Gamble’s dividend payout ratio is currently 62.82%.

About Procter & Gamble

(Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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