Pictet North America Advisors SA trimmed its stake in shares of Procter & Gamble Co (NYSE:PG) by 8.9% during the third quarter, HoldingsChannel.com reports. The firm owned 8,745 shares of the company’s stock after selling 850 shares during the quarter. Pictet North America Advisors SA’s holdings in Procter & Gamble were worth $796,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in PG. Asset Planning Services Ltd. increased its stake in Procter & Gamble by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares during the last quarter. Harding Loevner LP bought a new position in Procter & Gamble in the 2nd quarter worth about $119,000. Kohmann Bosshard Financial Services LLC bought a new position in Procter & Gamble in the 3rd quarter worth about $125,000. Blume Capital Management Inc. increased its stake in Procter & Gamble by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after acquiring an additional 300 shares during the last quarter. Finally, Legacy Advisors LLC bought a new position in Procter & Gamble in the 3rd quarter worth about $174,000. Institutional investors own 59.65% of the company’s stock.
In other news, insider Kathleen B. Fish sold 10,192 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $86.97, for a total value of $886,398.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Juan Fernando Posada sold 4,878 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $89.80, for a total value of $438,044.40. Following the transaction, the insider now directly owns 25,429 shares of the company’s stock, valued at approximately $2,283,524.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,344 shares of company stock valued at $7,118,970. 0.35% of the stock is currently owned by company insiders.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.05. The business had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. sell-side analysts forecast that Procter & Gamble Co will post 4.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s payout ratio is presently 73.60%.
A number of equities analysts have weighed in on PG shares. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Monday, January 8th. Stifel Nicolaus set a $87.00 price objective on Procter & Gamble and gave the company a “hold” rating in a research report on Friday, October 20th. Goldman Sachs Group upgraded Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective on the stock in a research report on Tuesday, January 16th. Deutsche Bank assumed coverage on Procter & Gamble in a research report on Tuesday, December 19th. They set a “buy” rating and a $91.88 price objective on the stock. Finally, Jefferies Group reiterated a “buy” rating and set a $104.00 price objective on shares of Procter & Gamble in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $88.38.
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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