Guyasuta Investment Advisors Inc. trimmed its holdings in shares of Procter & Gamble Co (NYSE:PG) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,746 shares of the company’s stock after selling 1,344 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Procter & Gamble were worth $8,438,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of PG. Capital Research Global Investors grew its holdings in Procter & Gamble by 74.2% during the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock valued at $1,079,710,000 after purchasing an additional 5,278,359 shares during the period. Janus Henderson Group PLC grew its holdings in Procter & Gamble by 1,244.6% during the second quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock valued at $392,226,000 after purchasing an additional 4,165,862 shares during the period. Vanguard Group Inc. grew its holdings in Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares during the period. BlackRock Inc. grew its holdings in Procter & Gamble by 1.4% during the second quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after purchasing an additional 2,164,426 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in Procter & Gamble by 30.6% during the second quarter. Parametric Portfolio Associates LLC now owns 6,349,258 shares of the company’s stock valued at $553,334,000 after purchasing an additional 1,487,095 shares during the period. 59.85% of the stock is owned by institutional investors.
Several equities analysts have weighed in on the company. Vetr raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $93.02 price objective for the company in a report on Monday, October 23rd. SunTrust Banks reissued a “hold” rating and set a $90.00 price objective on shares of Procter & Gamble in a report on Tuesday, January 23rd. Jefferies Group reissued a “buy” rating and set a $99.00 price objective on shares of Procter & Gamble in a report on Monday, December 18th. Stifel Nicolaus increased their price objective on Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $88.00 price objective on shares of Procter & Gamble in a report on Sunday, December 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $88.38.
In related news, insider Kathleen B. Fish sold 10,192 shares of Procter & Gamble stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $86.97, for a total transaction of $886,398.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Deborah P. Majoras sold 4,591 shares of Procter & Gamble stock in a transaction on Friday, January 26th. The shares were sold at an average price of $87.48, for a total value of $401,620.68. The disclosure for this sale can be found here. Insiders sold 70,681 shares of company stock valued at $6,266,735 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.
Procter & Gamble Co (NYSE PG) opened at $81.33 on Tuesday. Procter & Gamble Co has a twelve month low of $78.59 and a twelve month high of $94.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. The company has a market capitalization of $206,330.00, a price-to-earnings ratio of 21.69, a PEG ratio of 2.49 and a beta of 0.51.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. During the same period last year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. research analysts anticipate that Procter & Gamble Co will post 4.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders 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 dividend yield of 3.39%. The ex-dividend date is Thursday, January 18th. Procter & Gamble’s payout ratio is currently 73.60%.
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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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