Golub Group LLC raised its position in shares of Procter & Gamble Co (NYSE:PG) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,460 shares of the company’s stock after acquiring an additional 1,615 shares during the period. Golub Group LLC’s holdings in Procter & Gamble were worth $1,770,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Perkins Coie Trust Co raised its stake in Procter & Gamble by 5.9% during the second quarter. Perkins Coie Trust Co now owns 38,936 shares of the company’s stock valued at $3,393,000 after buying an additional 2,157 shares in the last quarter. Country Club Trust Company n.a. raised its stake in Procter & Gamble by 2.6% during the second quarter. Country Club Trust Company n.a. now owns 61,284 shares of the company’s stock valued at $5,341,000 after buying an additional 1,562 shares in the last quarter. City Holding Co. raised its stake in Procter & Gamble by 6.1% during the second quarter. City Holding Co. now owns 61,510 shares of the company’s stock valued at $5,361,000 after buying an additional 3,513 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in Procter & Gamble by 4.3% during the second quarter. Koshinski Asset Management Inc. now owns 20,292 shares of the company’s stock valued at $1,768,000 after buying an additional 835 shares in the last quarter. Finally, Dynamic Advisors Solutions LLC raised its stake in Procter & Gamble by 27.0% during the second quarter. Dynamic Advisors Solutions LLC now owns 18,614 shares of the company’s stock valued at $1,622,000 after buying an additional 3,960 shares in the last quarter. 59.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Procter & Gamble Co (NYSE PG) traded up $1.41 during mid-day trading on Monday, reaching $81.33. The company had a trading volume of 10,768,289 shares, compared to its average volume of 10,070,000. Procter & Gamble Co has a 1-year low of $78.59 and a 1-year high of $94.67. The company has a market cap of $206,330.00, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 2.49 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $17.39 billion. During the same period in the prior year, the company posted $1.08 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. sell-side analysts forecast that Procter & Gamble Co will post 4.2 EPS for the current fiscal year.
The firm 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 $0.6896 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is 73.60%.
A number of brokerages have recently weighed in on PG. Vetr upgraded Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price target on the stock in a research report on Thursday, February 1st. Morgan Stanley increased their price target on Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. increased their price target on Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Stifel Nicolaus increased their price target on Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, SunTrust Banks reiterated a “hold” rating and set a $90.00 price target on shares of Procter & Gamble in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Procter & Gamble currently has an average rating of “Buy” and a consensus price target of $88.38.
In other Procter & Gamble news, insider Ioannis Skoufalos sold 2,880 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathleen B. Fish sold 10,192 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $86.97, for a total value of $886,398.24. The disclosure for this sale can be found here. Insiders sold a total of 70,681 shares of company stock valued at $6,266,735 over the last three months. Corporate insiders own 0.35% of the company’s stock.
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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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