Advisory Services Network LLC raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,534 shares of the company’s stock after purchasing an additional 1,073 shares during the period. Procter & Gamble makes up about 0.5% of Advisory Services Network LLC’s investment portfolio, making the stock its 27th largest holding. Advisory Services Network LLC’s holdings in Procter & Gamble were worth $3,881,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Trillium Asset Management LLC lifted its holdings in shares of Procter & Gamble by 2.0% during the 2nd quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock valued at $14,842,000 after buying an additional 3,387 shares during the period. Holderness Investments Co. lifted its holdings in shares of Procter & Gamble by 78.2% during the 1st quarter. Holderness Investments Co. now owns 21,467 shares of the company’s stock valued at $1,929,000 after buying an additional 9,419 shares during the period. Barrett Asset Management LLC lifted its holdings in shares of Procter & Gamble by 3.3% during the 2nd quarter. Barrett Asset Management LLC now owns 137,397 shares of the company’s stock valued at $11,974,000 after buying an additional 4,325 shares during the period. Thomaspartners Inc. lifted its holdings in shares of Procter & Gamble by 9.9% during the 1st quarter. Thomaspartners Inc. now owns 2,483,566 shares of the company’s stock valued at $223,148,000 after buying an additional 224,714 shares during the period. Finally, Whittier Trust Co. lifted its holdings in shares of Procter & Gamble by 0.7% during the 2nd quarter. Whittier Trust Co. now owns 287,996 shares of the company’s stock valued at $25,099,000 after buying an additional 2,113 shares during the period. Institutional investors and hedge funds own 59.54% of the company’s stock.
Several research firms have recently weighed in on PG. Jefferies Group reissued a “buy” rating and set a $104.00 price target (up from $103.00) on shares of Procter & Gamble in a report on Wednesday, September 20th. Vetr raised Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price target on the stock in a report on Friday, September 15th. Macquarie assumed coverage on Procter & Gamble in a report on Thursday, September 14th. They set an “outperform” rating and a $102.00 price target on the stock. Bank of America raised their target price on Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Finally, Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $88.31.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 20th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. equities research analysts anticipate that Procter & Gamble Company will post 4.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were issued a dividend of $0.6896 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.02%. Procter & Gamble’s dividend payout ratio is presently 48.51%.
In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 2,856 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $92.98, for a total transaction of $265,550.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider R. Alexandra Keith sold 1,298 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. Following the sale, the insider now directly owns 20,135 shares in the company, valued at $1,794,229.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,575 shares of company stock worth $1,927,095. Insiders own 0.35% of the company’s stock.
Procter & Gamble Company 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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