Founders Financial Securities LLC bought a new position in shares of Procter & Gamble Co (NYSE:PG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,440 shares of the company’s stock, valued at approximately $586,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PG. Hartland & Co. LLC boosted its holdings in Procter & Gamble by 9.6% in the third quarter. Hartland & Co. LLC now owns 65,897 shares of the company’s stock worth $5,995,000 after acquiring an additional 5,781 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Procter & Gamble by 571.8% in the third quarter. Evergreen Capital Management LLC now owns 18,031 shares of the company’s stock worth $1,640,000 after acquiring an additional 15,347 shares in the last quarter. Richard C. Young & CO. LTD. boosted its holdings in Procter & Gamble by 1.4% in the third quarter. Richard C. Young & CO. LTD. now owns 124,529 shares of the company’s stock worth $11,330,000 after acquiring an additional 1,686 shares in the last quarter. Iberiabank Corp boosted its holdings in Procter & Gamble by 33.2% in the third quarter. Iberiabank Corp now owns 94,541 shares of the company’s stock worth $8,642,000 after acquiring an additional 23,555 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Procter & Gamble by 7.9% in the third quarter. Schroder Investment Management Group now owns 3,370,108 shares of the company’s stock worth $306,309,000 after acquiring an additional 247,589 shares in the last quarter. 59.85% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on PG. Vetr upgraded Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price on the stock in a report on Thursday, February 1st. Morgan Stanley raised their target price 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. raised their target price 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 raised their target price 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 reissued a “hold” rating and issued a $90.00 target price on shares of Procter & Gamble in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $88.38.
In other news, insider Juan Fernando Posada sold 4,878 shares of Procter & Gamble stock in a transaction 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 transaction, the insider now directly owns 25,429 shares in the company, valued at $2,283,524.20. The sale was disclosed in a document filed 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 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 transaction, the insider now owns 20,135 shares of the company’s stock, valued at $1,794,229.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,806 shares of company stock valued at $6,750,355. 0.35% of the stock is owned by company insiders.
Procter & Gamble Co (PG) opened at $82.60 on Friday. The firm has a market capitalization of $208,230.00, a price-to-earnings ratio of 22.32, a PEG ratio of 2.52 and a beta of 0.51. Procter & Gamble Co has a 52-week low of $78.59 and a 52-week 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.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The company had revenue of $17.40 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned $1.08 earnings per share. analysts anticipate that Procter & Gamble Co will post 4.21 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a $0.6896 dividend. This represents a $2.76 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 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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