Procter & Gamble Co (PG) Stake Lessened by Bank of Montreal Can

Bank of Montreal Can lowered its stake in shares of Procter & Gamble Co (NYSE:PG) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,076,783 shares of the company’s stock after selling 192,026 shares during the quarter. Bank of Montreal Can owned about 0.12% of Procter & Gamble worth $282,818,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bath Savings Trust Co grew its stake in shares of Procter & Gamble by 0.4% during the 4th quarter. Bath Savings Trust Co now owns 29,067 shares of the company’s stock worth $2,672,000 after purchasing an additional 110 shares during the period. Patten & Patten Inc. TN grew its stake in shares of Procter & Gamble by 0.4% during the 4th quarter. Patten & Patten Inc. TN now owns 28,490 shares of the company’s stock worth $2,619,000 after purchasing an additional 124 shares during the period. CHICAGO TRUST Co NA grew its stake in shares of Procter & Gamble by 0.5% during the 4th quarter. CHICAGO TRUST Co NA now owns 24,299 shares of the company’s stock worth $2,234,000 after purchasing an additional 130 shares during the period. Nadler Financial Group Inc. grew its stake in shares of Procter & Gamble by 3.5% during the 4th quarter. Nadler Financial Group Inc. now owns 3,932 shares of the company’s stock worth $361,000 after purchasing an additional 134 shares during the period. Finally, Gradient Investments LLC grew its stake in shares of Procter & Gamble by 1.2% during the 4th quarter. Gradient Investments LLC now owns 12,114 shares of the company’s stock worth $1,114,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 61.76% of the company’s stock.

Shares of NYSE:PG opened at $106.42 on Wednesday. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $106.50. The company has a market cap of $266.55 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 3.40 and a beta of 0.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The firm had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.16 billion. During the same quarter last year, the firm posted $1.19 EPS. The business’s revenue was up .2% on a year-over-year basis. Sell-side analysts expect that Procter & Gamble Co will post 4.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $0.7459 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, April 17th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.80%. Procter & Gamble’s dividend payout ratio (DPR) is 68.01%.

A number of brokerages have recently commented on PG. Wells Fargo & Co raised shares of Procter & Gamble from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $78.00 to $115.00 in a research note on Monday, April 8th. Morgan Stanley set a $111.00 price objective on shares of Procter & Gamble and gave the stock a “buy” rating in a research note on Thursday, March 28th. Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Credit Suisse Group began coverage on shares of Procter & Gamble in a research note on Wednesday, March 6th. They set a “neutral” rating and a $100.00 price objective on the stock. Finally, Macquarie set a $110.00 price objective on shares of Procter & Gamble and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $97.74.

In other Procter & Gamble news, SVP Valarie L. Sheppard sold 1,236 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $100.12, for a total value of $123,748.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary A. Coombe sold 9,000 shares of the firm’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $93.90, for a total value of $845,100.00. Following the completion of the transaction, the insider now owns 18,517 shares in the company, valued at approximately $1,738,746.30. The disclosure for this sale can be found here. Insiders have sold a total of 2,270,496 shares of company stock worth $224,931,027 in the last quarter. Insiders own 1.84% of the company’s stock.

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Procter & Gamble Company 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.

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

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