Procter & Gamble Co (PG) Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,549,276 shares of the company’s stock after acquiring an additional 81,804 shares during the quarter. Dimensional Fund Advisors LP owned 0.26% of Procter & Gamble worth $511,241,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ridgewood Investments LLC increased its stake in shares of Procter & Gamble by 14.1% in the second quarter. Ridgewood Investments LLC now owns 5,049 shares of the company’s stock valued at $394,000 after buying an additional 623 shares in the last quarter. Hutner Capital Management Inc. increased its stake in shares of Procter & Gamble by 0.9% in the second quarter. Hutner Capital Management Inc. now owns 76,118 shares of the company’s stock valued at $5,942,000 after buying an additional 645 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of Procter & Gamble by 5.6% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,539 shares of the company’s stock valued at $979,000 after buying an additional 661 shares in the last quarter. American Asset Management Inc. increased its stake in shares of Procter & Gamble by 16.6% in the second quarter. American Asset Management Inc. now owns 4,673 shares of the company’s stock valued at $365,000 after buying an additional 666 shares in the last quarter. Finally, Institute for Wealth Management LLC. boosted its holdings in Procter & Gamble by 3.6% in the second quarter. Institute for Wealth Management LLC. now owns 19,342 shares of the company’s stock valued at $1,514,000 after acquiring an additional 673 shares during the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.

Procter & Gamble stock opened at $94.51 on Friday. The stock has a market capitalization of $234.00 billion, a P/E ratio of 22.40, a PEG ratio of 3.04 and a beta of 0.37. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $94.81. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The firm had revenue of $16.69 billion for the quarter, compared to analysts’ expectations of $16.45 billion. During the same quarter last year, the business earned $1.09 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. As a group, equities analysts predict that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Friday, October 19th were issued a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Thursday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 68.01%.

In other Procter & Gamble news, insider Carolyn M. Tastad sold 19,791 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $92.71, for a total transaction of $1,834,823.61. Following the transaction, the insider now owns 60,575 shares in the company, valued at $5,615,908.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider R. Alexandra Keith sold 1,463 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $89.89, for a total value of $131,509.07. Following the transaction, the insider now owns 45,018 shares in the company, valued at approximately $4,046,668.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 500,784 shares of company stock worth $46,237,322. Company insiders own 1.84% of the company’s stock.

Several research firms recently issued reports on PG. Citigroup raised their price target on Procter & Gamble from $93.00 to $99.00 and gave the company a “buy” rating in a report on Monday, October 22nd. ValuEngine upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a report on Friday, August 17th. UBS Group raised their price target on Procter & Gamble from $82.00 to $87.00 and gave the company a “neutral” rating in a report on Monday, October 22nd. SunTrust Banks raised their price target on Procter & Gamble to $85.00 and gave the company a “hold” rating in a report on Monday, October 22nd. Finally, Wells Fargo & Co raised their price target on Procter & Gamble from $78.00 to $84.00 and gave the company a “market perform” rating in a report on Monday, October 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $88.38.

TRADEMARK VIOLATION NOTICE: This news story was published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.com-unik.info/2018/12/02/procter-gamble-co-pg-holdings-lifted-by-dimensional-fund-advisors-lp.html.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

Read More: What is a conference call?

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit