ZWJ Investment Counsel Inc. cut its stake in shares of Procter & Gamble Co (NYSE:PG) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 250,938 shares of the company’s stock after selling 30,376 shares during the period. Procter & Gamble comprises about 1.8% of ZWJ Investment Counsel Inc.’s investment portfolio, making the stock its 22nd biggest position. ZWJ Investment Counsel Inc. owned approximately 9,891.29% of Procter & Gamble worth $22,830,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Asset Planning Services Ltd. lifted its position in shares of Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after acquiring an additional 5 shares in the last quarter. Harding Loevner LP purchased a new position in shares of Procter & Gamble in the second quarter valued at about $119,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Procter & Gamble in the third quarter valued at about $125,000. Blume Capital Management Inc. lifted its position in shares of Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after acquiring an additional 300 shares in the last quarter. Finally, Legacy Advisors LLC purchased a new position in shares of Procter & Gamble in the third quarter valued at about $174,000. Institutional investors own 59.85% of the company’s stock.
Several equities analysts have recently commented on the company. Morgan Stanley lowered their price objective on Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 24th. Royal Bank of Canada restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, October 23rd. Stifel Nicolaus boosted their price objective on Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Vetr upgraded Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective on the stock in a research report on Thursday, February 1st. Finally, Zacks Investment Research downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Procter & Gamble has an average rating of “Buy” and a consensus price target of $88.38.
In other Procter & Gamble news, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was 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 of the company’s stock, valued at $1,794,229.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ioannis Skoufalos sold 2,880 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $88.75, for a total value of $255,600.00. The disclosure for this sale can be found here. Insiders have sold 70,681 shares of company stock worth $6,266,735 over the last three months. 0.35% of the stock is currently owned by insiders.
Shares of Procter & Gamble Co (NYSE PG) traded down $0.82 during mid-day trading on Wednesday, hitting $80.68. The stock had a trading volume of 9,410,660 shares, compared to its average volume of 10,500,000. 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 1 year low of $78.59 and a 1 year high of $94.67. The company has a market capitalization of $203,390.00, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.54 and a beta of 0.51.
Procter & Gamble (NYSE:PG) last issued 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 company had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. research analysts forecast that Procter & Gamble Co will post 4.2 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be paid a dividend of $0.6896 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.42%. Procter & Gamble’s payout ratio is currently 74.59%.
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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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