Stephens Inc. AR reduced its position in Procter & Gamble Co (NYSE:PG) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 205,777 shares of the company’s stock after selling 8,254 shares during the quarter. Procter & Gamble comprises approximately 0.7% of Stephens Inc. AR’s investment portfolio, making the stock its 27th largest position. Stephens Inc. AR’s holdings in Procter & Gamble were worth $18,722,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Asset Planning Services Ltd. grew its holdings in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after purchasing an additional 5 shares during the period. Winfield Associates Inc. grew its holdings in shares of Procter & Gamble by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after purchasing an additional 15 shares during the period. Cascade Investment Advisors Inc. grew its holdings in shares of Procter & Gamble by 0.5% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock worth $296,000 after purchasing an additional 17 shares during the period. Iron Financial LLC lifted its stake in Procter & Gamble by 0.8% during the 2nd quarter. Iron Financial LLC now owns 3,342 shares of the company’s stock worth $291,000 after acquiring an additional 25 shares in the last quarter. Finally, Davis Rea Ltd. lifted its stake in Procter & Gamble by 0.7% during the 2nd quarter. Davis Rea Ltd. now owns 3,815 shares of the company’s stock worth $332,000 after acquiring an additional 25 shares in the last quarter. 59.85% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on PG. Morgan Stanley decreased their target price on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 24th. Royal Bank of Canada reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, October 23rd. Stifel Nicolaus increased their target price on Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Vetr raised Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price on the stock in a research note on Thursday, February 1st. Finally, Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has an average 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 that occurred on Wednesday, January 31st. The stock was sold at an average price of $86.97, for a total value of $886,398.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total value of $115,664.78. Following the completion of the sale, the insider now owns 20,135 shares in the company, valued at $1,794,229.85. The disclosure for this sale can be found here. Insiders sold a total of 70,681 shares of company stock worth $6,266,735 over the last quarter. Company insiders own 0.35% of the company’s stock.
Procter & Gamble Co (PG) traded down $0.66 during trading hours on Wednesday, reaching $80.84. The company had a trading volume of 5,858,820 shares, compared to its average volume of 10,350,256. The stock has a market cap of $203,800.00, a P/E ratio of 21.86, a PEG ratio of 2.54 and a beta of 0.51. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. Procter & Gamble Co has a 12-month low of $78.59 and a 12-month high of $94.67.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results 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. The firm had revenue of $17.40 billion for the quarter, compared to the consensus estimate of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. equities research analysts predict that Procter & Gamble Co will post 4.2 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be paid a $0.6896 dividend. The ex-dividend date is Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.41%. Procter & Gamble’s dividend payout ratio (DPR) is currently 74.59%.
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Procter & Gamble 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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