Blue Granite Capital LLC increased its holdings in shares of Procter & Gamble Co (NYSE:PG) by 12.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,713 shares of the company’s stock after buying an additional 1,868 shares during the quarter. Blue Granite Capital LLC’s holdings in Procter & Gamble were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in 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 acquiring an additional 4,066,266 shares during the period. BlackRock Inc. lifted its position in 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 acquiring an additional 2,164,426 shares during the period. Trian Fund Management L.P. lifted its position in 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 acquiring an additional 893,157 shares during the period. American Century Companies Inc. lifted its position in 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 acquiring an additional 934,179 shares during the period. Finally, Capital Research Global Investors lifted its position in 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 acquiring an additional 5,278,359 shares during the period. Hedge funds and other institutional investors own 59.57% of the company’s stock.
A number of analysts have commented on the company. Vetr cut Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price target for the company. in a research report on Tuesday, November 7th. Goldman Sachs Group raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target for the company in a research report on Tuesday. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Morgan Stanley lowered their price target 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. Finally, Jefferies Group reissued a “buy” rating and issued a $88.23 price objective (down previously from $99.00) on shares of Procter & Gamble in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.51.
In related news, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.18, for a total value of $472,654.00. Following the completion of the transaction, the insider now owns 57,191 shares of the company’s stock, valued at approximately $5,100,293.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R. Alexandra Keith sold 1,298 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. 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 in the last ninety days. 0.35% of the stock is currently owned by insiders.
Procter & Gamble Co (PG) opened at $90.22 on Wednesday. The stock has a market capitalization of $228,880.00, a PE ratio of 24.12, a PEG ratio of 2.87 and a beta of 0.67. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.37. Procter & Gamble Co has a fifty-two week low of $83.88 and a fifty-two week high of $94.67.
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. The business had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.69 billion. Procter & Gamble had a return on equity of 20.35% and a net margin of 23.72%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. sell-side analysts expect that Procter & Gamble Co will post 4.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors 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 3.06%. Procter & Gamble’s payout ratio is 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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