Gilbert & Cook Inc. cut its holdings in Procter & Gamble Co (NYSE:PG) by 46.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,515 shares of the company’s stock after selling 3,023 shares during the quarter. Gilbert & Cook Inc.’s holdings in Procter & Gamble were worth $320,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Asset Planning Services Ltd. raised its position in Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares during the last quarter. Harding Loevner LP bought a new position in Procter & Gamble in the second quarter valued at about $119,000. Kohmann Bosshard Financial Services LLC bought a new position in Procter & Gamble in the third quarter valued at about $125,000. Blume Capital Management Inc. raised its position in Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after purchasing an additional 300 shares during the last quarter. Finally, Total Investment Management Inc. bought a new position in Procter & Gamble in the third quarter valued at about $205,000. 59.56% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Co (NYSE PG) opened at $89.61 on Friday. Procter & Gamble Co has a 1 year low of $83.37 and a 1 year high of $94.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.75 and a current ratio of 0.91. The stock has a market capitalization of $227,340.00, a PE ratio of 23.96, a PEG ratio of 2.93 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 20th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble had a return on equity of 20.73% and a net margin of 17.23%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. research analysts predict that Procter & Gamble Co will post 4.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be issued a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a yield of 3.08%. Procter & Gamble’s payout ratio is currently 73.80%.
In other Procter & Gamble news, insider Juan Fernando Posada sold 4,878 shares of Procter & Gamble stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $89.80, for a total value of $438,044.40. Following the completion of the sale, the insider now directly owns 25,429 shares in the company, valued at $2,283,524.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,856 shares of Procter & Gamble stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $92.98, for a total value of $265,550.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,575 shares of company stock valued at $1,927,095. 0.35% of the stock is currently owned by corporate insiders.
Several equities analysts have commented on the company. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Monday, January 8th. Deutsche Bank assumed coverage on Procter & Gamble in a research report on Tuesday, December 19th. They issued a “buy” rating and a $91.88 target price for the company. Jefferies Group restated a “buy” rating and set a $99.00 price objective on shares of Procter & Gamble in a research report on Monday, December 18th. Wells Fargo & Co restated a “hold” rating and set a $88.00 price objective on shares of Procter & Gamble in a research report on Sunday, December 17th. Finally, Vetr downgraded Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price objective for the company. in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $89.31.
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Procter & Gamble 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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