Morningstar Investment Services LLC boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 614,436 shares of the company’s stock after purchasing an additional 16,269 shares during the period. Procter & Gamble comprises approximately 1.2% of Morningstar Investment Services LLC’s holdings, making the stock its 24th largest holding. Morningstar Investment Services LLC’s holdings in Procter & Gamble were worth $53,548,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in PG. Karp Capital Management Corp purchased a new stake in Procter & Gamble during the 1st quarter valued at $126,275,000. Bank of Nova Scotia increased its stake in shares of Procter & Gamble by 232.6% in the 1st quarter. Bank of Nova Scotia now owns 1,227,101 shares of the company’s stock worth $110,256,000 after purchasing an additional 858,200 shares in the last quarter. British Airways Pensions Investment Management Ltd purchased a new stake in shares of Procter & Gamble in the 1st quarter worth $52,682,000. Schwab Charles Investment Management Inc. increased its stake in shares of Procter & Gamble by 4.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 11,549,179 shares of the company’s stock worth $1,006,511,000 after purchasing an additional 533,340 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its stake in shares of Procter & Gamble by 8,419.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 494,576 shares of the company’s stock worth $5,675,000 after purchasing an additional 488,771 shares in the last quarter. Institutional investors own 59.54% of the company’s stock.
In other news, insider Juan Fernando Posada sold 4,878 shares of the company’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 in the company, valued at approximately $2,283,524.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total transaction of $379,581.00. Following the sale, the insider now directly owns 85,495 shares in the company, valued at $7,438,065. The disclosure for this sale can be found here. Insiders sold 21,575 shares of company stock valued at $1,927,095 in the last ninety days. 0.35% of the stock is owned by corporate insiders.
Procter & Gamble Company (NYSE PG) traded down $0.01 during trading hours on Tuesday, hitting $91.40. 8,683,012 shares of the stock traded hands, compared to its average volume of 7,383,510. Procter & Gamble Company has a 1-year low of $82.61 and a 1-year high of $94.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $229,239.53, a P/E ratio of 22.70, a P/E/G ratio of 2.91 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 20th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.02. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The business had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. research analysts forecast that Procter & Gamble Company will post 4.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were issued a $0.6896 dividend. The ex-dividend date was Thursday, October 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.02%. Procter & Gamble’s payout ratio is 48.51%.
PG has been the subject of several analyst reports. Jefferies Group restated a “buy” rating and issued a $92.44 price objective (down from $103.00) on shares of Procter & Gamble in a research note on Thursday, August 17th. BidaskClub raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $80.00 price objective on shares of Procter & Gamble in a report on Wednesday, September 6th. Macquarie started coverage on shares of Procter & Gamble in a report on Thursday, September 14th. They set an “outperform” rating and a $102.00 price objective for the company. Finally, Vetr raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price target for the company in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $87.81.
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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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