Davis R M Inc. lessened its position in Procter & Gamble Co (NYSE:PG) by 2.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 135,540 shares of the company’s stock after selling 4,093 shares during the period. Davis R M Inc.’s holdings in Procter & Gamble Co were worth $11,812,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in PG. Riggs Asset Managment Co. Inc. lifted its stake in shares of Procter & Gamble Co by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after acquiring an additional 170 shares during the period. Winfield Associates Inc. lifted its stake in shares of Procter & Gamble Co by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after acquiring an additional 15 shares during the period. Watermark Asset Management Inc. acquired a new stake in shares of Procter & Gamble Co in the 1st quarter worth $201,000. Security National Bank of SO Dak acquired a new stake in shares of Procter & Gamble Co in the 1st quarter worth $206,000. Finally, Proficio Capital Partners LLC lifted its stake in shares of Procter & Gamble Co by 85.5% in the 1st quarter. Proficio Capital Partners LLC now owns 2,506 shares of the company’s stock worth $217,000 after acquiring an additional 1,155 shares during the period. Institutional investors own 59.74% of the company’s stock.
Several analysts have recently commented on PG shares. Zacks Investment Research cut shares of Procter & Gamble Co from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. BidaskClub cut shares of Procter & Gamble Co from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $98.00 price objective on shares of Procter & Gamble Co in a research note on Monday, July 17th. Deutsche Bank AG reiterated a “hold” rating and issued a $92.00 price objective (up previously from $90.00) on shares of Procter & Gamble Co in a research note on Saturday, July 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $90.00 price objective (up previously from $87.00) on shares of Procter & Gamble Co in a research note on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. Procter & Gamble Co currently has an average rating of “Hold” and an average price target of $88.83.
Shares of Procter & Gamble Co (NYSE:PG) opened at $86.58 on Friday. The company has a market cap of $219.65 billion, a PE ratio of 21.74, a PEG ratio of 2.78 and a beta of 0.66. Procter & Gamble Co has a twelve month low of $81.18 and a twelve month high of $94.67. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37.
Procter & Gamble Co (NYSE:PG) last issued its quarterly earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble Co had a net margin of 23.72% and a return on equity of 20.35%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. research analysts predict that Procter & Gamble Co will post 4.16 EPS for the current 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 dividend of $0.6896 per share. The ex-dividend date is Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.19%. Procter & Gamble Co’s dividend payout ratio (DPR) is presently 73.80%.
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In related news, CEO David S. Taylor sold 6,382 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $92.04, for a total value of $587,399.28. Following the completion of the sale, the chief executive officer now directly owns 134,884 shares in the company, valued at $12,414,723.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $92.98, for a total transaction of $265,550.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,136 shares of company stock valued at $3,525,029. Insiders own 0.35% of the company’s stock.
Procter & Gamble Co 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.
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