Geneva Partners LLC Acquires New Position in Procter & Gamble Co (PG)

Geneva Partners LLC purchased a new stake in Procter & Gamble Co (NYSE:PG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,937 shares of the company’s stock, valued at approximately $358,000.

Other institutional investors also recently added to or reduced their stakes in the company. Trillium Asset Management LLC boosted its stake in Procter & Gamble by 2.0% during the 2nd quarter. Trillium Asset Management LLC now owns 170,302 shares of the company’s stock worth $14,842,000 after purchasing an additional 3,387 shares during the period. Barrett Asset Management LLC raised its position in Procter & Gamble by 3.3% during the 2nd quarter. Barrett Asset Management LLC now owns 137,397 shares of the company’s stock worth $11,974,000 after buying an additional 4,325 shares during the last quarter. Aviva PLC raised its position in Procter & Gamble by 1.7% during the 2nd quarter. Aviva PLC now owns 1,814,623 shares of the company’s stock worth $158,162,000 after buying an additional 30,897 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Procter & Gamble by 1,094.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 736,699 shares of the company’s stock worth $67,025,000 after buying an additional 675,013 shares during the last quarter. Finally, Edgestream Partners L.P. increased its holdings in shares of Procter & Gamble by 21.9% in the 3rd quarter. Edgestream Partners L.P. now owns 7,543 shares of the company’s stock valued at $686,000 after purchasing an additional 1,356 shares in the last quarter. 59.85% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on PG shares. Jefferies Group reiterated a “buy” rating and issued a $99.00 price target on shares of Procter & Gamble in a report on Monday, December 18th. Stifel Nicolaus set a $87.00 price target on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Friday, October 20th. Morgan Stanley raised their price target on shares of Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. raised their target price on shares of Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, Deutsche Bank began coverage on shares of Procter & Gamble in a research report on Tuesday, December 19th. They issued a “buy” rating and a $91.88 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $88.38.

Procter & Gamble Co (NYSE PG) traded up $0.38 during mid-day trading on Friday, reaching $82.79. 8,478,663 shares of the company traded hands, compared to its average volume of 10,344,768. The firm has a market capitalization of $209,040.00, a P/E ratio of 22.36, a P/E/G ratio of 2.52 and a beta of 0.51. Procter & Gamble Co has a 1-year low of $78.59 and a 1-year high of $94.67. 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 (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 consensus estimate of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. sell-side analysts expect that Procter & Gamble Co will post 4.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were issued a dividend of $0.6896 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.33%. Procter & Gamble’s payout ratio is presently 74.59%.

In related news, insider Juan Fernando Posada sold 4,878 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $89.80, for a total value of $438,044.40. Following the completion of the sale, 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 document filed with the SEC, which is available at this link. Also, insider Marc S. Pritchard sold 46,842 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total value of $4,169,406.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,806 shares of company stock worth $6,750,355. Corporate insiders own 0.35% of the company’s stock.

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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.

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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