Gamco Investors INC. ET AL Has $10.35 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Gamco Investors INC. ET AL trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 0.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,804 shares of the company’s stock after selling 145 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Procter & Gamble were worth $10,352,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. HighPoint Advisor Group LLC acquired a new stake in Procter & Gamble in the fourth quarter worth $17,696,000. Campbell Wealth Management lifted its stake in shares of Procter & Gamble by 13.1% in the fourth quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock valued at $291,000 after buying an additional 231 shares in the last quarter. Herold Advisors Inc. lifted its stake in shares of Procter & Gamble by 2.2% in the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock valued at $3,897,000 after buying an additional 581 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Procter & Gamble by 29.0% in the first quarter. V Square Quantitative Management LLC now owns 43,202 shares of the company’s stock valued at $7,010,000 after buying an additional 9,716 shares in the last quarter. Finally, Metis Global Partners LLC lifted its stake in shares of Procter & Gamble by 15.7% in the fourth quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock valued at $16,858,000 after buying an additional 15,599 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 1.3 %

Shares of Procter & Gamble stock traded up $2.21 during trading on Friday, reaching $169.11. The company’s stock had a trading volume of 5,581,557 shares, compared to its average volume of 5,702,593. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $170.92. The company has a market cap of $399.12 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 3.13 and a beta of 0.41. The firm’s 50-day moving average is $166.40 and its two-hundred day moving average is $161.51. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $4.03 annualized dividend and a yield of 2.38%. Procter & Gamble’s payout ratio is currently 65.69%.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price target for the company from $182.00 to $175.00 in a research report on Wednesday. Barclays raised their price target on shares of Procter & Gamble from $170.00 to $174.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Finally, Citigroup raised their price target on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $174.29.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 21,388 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $164.98, for a total value of $3,528,592.24. Following the completion of the transaction, the chief executive officer now directly owns 36,854 shares in the company, valued at approximately $6,080,172.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 21,388 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the completion of the transaction, the chief executive officer now owns 36,854 shares of the company’s stock, valued at $6,080,172.92. The disclosure for this sale can be found here. Insiders sold 125,320 shares of company stock valued at $20,696,223 in the last quarter. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Profile

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.