Nwam LLC lifted its position in shares of Procter & Gamble Co (NYSE:PG) by 112.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,869 shares of the company’s stock after purchasing an additional 14,227 shares during the quarter. Nwam LLC’s holdings in Procter & Gamble were worth $2,445,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after buying an additional 4,066,266 shares during the period. BlackRock Inc. lifted its position in shares of Procter & Gamble by 1.4% during the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after buying an additional 2,164,426 shares during the period. Trian Fund Management L.P. lifted its position in shares of Procter & Gamble by 2.4% during the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock worth $3,277,887,000 after buying an additional 893,157 shares during the period. American Century Companies Inc. lifted its position in shares of Procter & Gamble by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock worth $1,088,573,000 after buying an additional 934,179 shares during the period. Finally, Capital Research Global Investors lifted its position in shares of Procter & Gamble by 74.2% during the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after buying an additional 5,278,359 shares during the period. 59.57% of the stock is currently owned by institutional investors.
Several research firms recently commented on PG. Vetr downgraded Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 target price for the company. in a research report on Tuesday, November 7th. Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Morgan Stanley cut their target price on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 24th. Jefferies Group restated a “buy” rating and set a $88.23 target price (down previously from $99.00) on shares of Procter & Gamble in a research report on Thursday, November 16th. Finally, Deutsche Bank began coverage on Procter & Gamble in a research report on Wednesday, December 13th. They set a “buy” rating and a $101.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and a consensus target price of $89.31.
In other news, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the completion of the sale, the insider now directly owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of Procter & Gamble stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the sale, the insider now directly owns 85,495 shares of the company’s stock, valued at $7,438,065. The disclosure for this sale can be found here. Insiders sold a total of 18,719 shares of company stock valued at $1,661,544 over the last three months. Insiders own 0.35% of the company’s stock.
Procter & Gamble Co (NYSE PG) opened at $89.61 on Tuesday. 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 Co has a 52-week low of $83.44 and a 52-week high of $94.67. The stock has a market capitalization of $227,340.00, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 2.87 and a beta of 0.67.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.02. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The firm had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.69 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. equities research analysts expect that Procter & Gamble Co will post 4.19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 19th will be paid a $0.6896 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.08%. Procter & Gamble’s dividend payout ratio (DPR) is currently 73.80%.
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Procter & Gamble Company 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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