Stevens Capital Management LP trimmed its stake in shares of Procter & Gamble Co (NYSE:PG) by 80.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,879 shares of the company’s stock after selling 197,558 shares during the period. Stevens Capital Management LP’s holdings in Procter & Gamble were worth $4,356,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of PG. Asset Planning Services Ltd. grew its holdings in Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares during the period. Harding Loevner LP acquired a new stake in Procter & Gamble in the second quarter valued at approximately $119,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Procter & Gamble in the third quarter valued at approximately $125,000. Blume Capital Management Inc. grew its holdings in Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after purchasing an additional 300 shares during the period. Finally, Winfield Associates Inc. grew its holdings in Procter & Gamble by 0.7% in the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after purchasing an additional 15 shares during the period. 59.57% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Juan Fernando Posada sold 4,878 shares of Procter & Gamble stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $89.80, for a total transaction of $438,044.40. Following the transaction, the insider now owns 25,429 shares in the company, valued at $2,283,524.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Carolyn M. Tastad sold 5,300 shares of Procter & Gamble stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the transaction, the insider now owns 57,191 shares in the company, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,719 shares of company stock worth $1,661,544. 0.35% of the stock is currently owned by company insiders.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The firm had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter last year, the business posted $1.03 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. sell-side analysts expect that Procter & Gamble Co will post 4.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be given a dividend of $0.6896 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.08%. Procter & Gamble’s payout ratio is 73.80%.
Several analysts have commented on the company. Jefferies Group reissued a “buy” rating and issued a $104.00 price objective (up from $103.00) on shares of Procter & Gamble in a report on Wednesday, September 20th. Bank of America raised their target price on Procter & Gamble from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Goldman Sachs Group restated a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $88.00 target price on shares of Procter & Gamble in a research report on Sunday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Procter & Gamble currently has an average rating of “Hold” and an average target price of $89.31.
About Procter & Gamble
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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