Westpac Banking Corp increased its stake in Procter & Gamble Co (NYSE:PG) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 281,855 shares of the company’s stock after purchasing an additional 3,385 shares during the period. Westpac Banking Corp’s holdings in Procter & Gamble were worth $25,643,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Asset Planning Services Ltd. boosted its stake in shares of Procter & Gamble by 0.4% during 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 in the last quarter. Northwest Wealth Management LLC boosted its stake in shares of Procter & Gamble by 0.3% during the second quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock valued at $223,000 after purchasing an additional 8 shares in the last quarter. Winfield Associates Inc. boosted its stake in shares of Procter & Gamble by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock valued at $197,000 after purchasing an additional 15 shares in the last quarter. Cascade Investment Advisors Inc. boosted its stake in shares of Procter & Gamble by 0.5% during the second quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock valued at $296,000 after purchasing an additional 17 shares in the last quarter. Finally, Iron Financial LLC lifted its stake in shares of Procter & Gamble by 0.8% in the second quarter. Iron Financial LLC now owns 3,342 shares of the company’s stock worth $291,000 after acquiring an additional 25 shares during the period. Institutional investors own 59.65% of the company’s stock.
In other news, insider Juan Fernando Posada sold 4,878 shares of the company’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 owns 25,429 shares of the company’s stock, valued at approximately $2,283,524.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carolyn M. Tastad sold 5,300 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.18, for a total value of $472,654.00. Following the transaction, the insider now directly owns 57,191 shares in the company, valued at approximately $5,100,293.38. The disclosure for this sale can be found here. In the last three months, insiders sold 70,152 shares of company stock worth $6,232,571. Insiders own 0.35% of the company’s stock.
Shares of Procter & Gamble Co (PG) traded down $0.61 during trading hours on Wednesday, hitting $86.34. The company had a trading volume of 11,797,168 shares, compared to its average volume of 7,990,000. The stock has a market capitalization of $219,040.00, a PE ratio of 23.02, a price-to-earnings-growth ratio of 2.71 and a beta of 0.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94. Procter & Gamble Co has a one year low of $85.42 and a one year high of $94.67.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The business had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. analysts anticipate that Procter & Gamble Co will post 4.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be given a $0.6896 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.19%. Procter & Gamble’s dividend payout ratio is currently 73.60%.
A number of equities analysts recently commented on PG shares. 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. Deutsche Bank began coverage on Procter & Gamble in a report on Wednesday, December 13th. They issued a “buy” rating and a $101.00 target price for the company. Royal Bank of Canada reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, October 23rd. Vetr upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 target price for the company in a report on Monday, October 23rd. Finally, Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and a consensus price target of $88.01.
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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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