Savant Capital LLC boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 17.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,149 shares of the company’s stock after purchasing an additional 9,379 shares during the period. Procter & Gamble comprises approximately 1.3% of Savant Capital LLC’s holdings, making the stock its 14th largest holding. Savant Capital LLC’s holdings in Procter & Gamble were worth $5,416,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Karp Capital Management Corp purchased a new position in Procter & Gamble in the 1st quarter worth approximately $126,275,000. Bank of Nova Scotia raised its holdings in 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 acquiring an additional 858,200 shares during the last quarter. British Airways Pensions Investment Management Ltd purchased a new position in Procter & Gamble in the 1st quarter worth approximately $52,682,000. Schwab Charles Investment Management Inc. raised its holdings in 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 acquiring an additional 533,340 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its stake in Procter & Gamble by 8,419.8% during the 2nd quarter. Harbour Capital Advisors LLC now owns 494,576 shares of the company’s stock valued at $5,675,000 after buying an additional 488,771 shares during the last quarter. Institutional investors own 59.54% of the company’s stock.
In related news, insider Marylynn Fergusonmchugh sold 2,856 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $92.98, for a total transaction of $265,550.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Juan Fernando Posada sold 4,878 shares of the firm’s stock in a transaction 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 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. Over the last 90 days, insiders sold 21,575 shares of company stock valued at $1,927,095. 0.35% of the stock is owned by insiders.
Procter & Gamble Company (NYSE:PG) traded down $0.01 during trading on Tuesday, reaching $91.40. 8,683,012 shares of the company were exchanged, compared to its average volume of 7,383,510. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.91 and a quick ratio of 0.75. Procter & Gamble Company has a 12 month low of $82.61 and a 12 month high of $94.67. The stock has a market cap of $229,239.53, a price-to-earnings ratio of 22.70, a P/E/G ratio of 2.91 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. The firm had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. equities analysts predict that Procter & Gamble Company will post 4.17 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Friday, October 20th were paid a $0.6896 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $2.76 annualized dividend and a yield of 3.02%. Procter & Gamble’s dividend payout ratio (DPR) is 48.51%.
PG has been the subject of a number of research reports. Jefferies Group reiterated a “buy” rating and set a $92.44 target price (down from $103.00) on shares of Procter & Gamble in a research note on Thursday, August 17th. BidaskClub upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Royal Bank Of Canada restated an “outperform” rating and issued a $80.00 price objective on shares of Procter & Gamble in a research note on Wednesday, September 6th. Macquarie initiated coverage on Procter & Gamble in a research note on Thursday, September 14th. They issued an “outperform” rating and a $102.00 price objective for the company. Finally, Vetr upgraded Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 price objective for the company in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target 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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