World Asset Management Inc reduced its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,175 shares of the company’s stock after selling 2,418 shares during the quarter. Procter & Gamble comprises about 0.7% of World Asset Management Inc’s portfolio, making the stock its 16th biggest position. World Asset Management Inc owned 9,309.37% of Procter & Gamble worth $21,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. City Holding Co. boosted its stake in Procter & Gamble by 6.1% in the second quarter. City Holding Co. now owns 61,510 shares of the company’s stock valued at $5,361,000 after acquiring an additional 3,513 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in Procter & Gamble by 4.3% in the second quarter. Koshinski Asset Management Inc. now owns 20,292 shares of the company’s stock valued at $1,768,000 after acquiring an additional 835 shares during the last quarter. Dynamic Advisors Solutions LLC boosted its stake in Procter & Gamble by 27.0% in the second quarter. Dynamic Advisors Solutions LLC now owns 18,614 shares of the company’s stock valued at $1,622,000 after acquiring an additional 3,960 shares during the last quarter. Atria Investments LLC boosted its stake in Procter & Gamble by 7.0% in the second quarter. Atria Investments LLC now owns 84,556 shares of the company’s stock valued at $7,369,000 after acquiring an additional 5,549 shares during the last quarter. Finally, RB Capital Management LLC boosted its stake in Procter & Gamble by 1.0% in the second quarter. RB Capital Management LLC now owns 7,364 shares of the company’s stock valued at $642,000 after acquiring an additional 70 shares during the last quarter. 59.57% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider R. Alexandra Keith sold 1,298 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. Following the sale, the insider now directly owns 20,135 shares in the company, valued at $1,794,229.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ioannis Skoufalos sold 2,880 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $88.75, for a total transaction of $255,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,719 shares of company stock worth $1,661,544. 0.35% of the stock is currently owned by company insiders.
Shares of Procter & Gamble Co (NYSE PG) opened at $91.07 on Monday. 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 cap of $231,040.00, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.91 and a beta of 0.67. Procter & Gamble Co has a twelve month low of $85.42 and a twelve month high of $94.67.
Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 20th. The company reported $1.09 earnings per share 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 company had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.69 billion. During the same period last year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. sell-side analysts anticipate that Procter & Gamble Co will post 4.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a dividend of $0.6896 per share. The ex-dividend date is Thursday, January 18th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.03%. Procter & Gamble’s payout ratio is 73.80%.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Jefferies Group reaffirmed a “buy” rating and issued a $104.00 price objective on shares of Procter & Gamble in a research note on Tuesday, October 10th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Procter & Gamble in a research note on Wednesday, October 4th. Wells Fargo & Co reiterated a “hold” rating and issued a $88.00 target price on shares of Procter & Gamble in a report on Sunday, December 17th. Finally, Deutsche Bank assumed coverage on shares of Procter & Gamble in a report on Tuesday, December 19th. They issued a “buy” rating and a $91.88 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $88.51.
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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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