Haverford Financial Services Inc. trimmed its position in shares of Procter & Gamble Co (NYSE:PG) by 49.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,536 shares of the company’s stock after selling 44,715 shares during the period. Procter & Gamble comprises 1.7% of Haverford Financial Services Inc.’s portfolio, making the stock its 29th largest position. Haverford Financial Services Inc.’s holdings in Procter & Gamble were worth $4,234,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of PG. Asset Planning Services Ltd. raised its stake in Procter & Gamble by 0.4% in the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after buying an additional 5 shares in the last quarter. Harding Loevner LP purchased a new stake in Procter & Gamble in the second quarter worth about $119,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Procter & Gamble in the third quarter worth about $125,000. Blume Capital Management Inc. grew its holdings in Procter & Gamble by 25.4% in the second quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after purchasing an additional 300 shares during the period. Finally, Legacy Advisors LLC purchased a new stake in Procter & Gamble in the third quarter worth about $174,000. 59.78% of the stock is owned by hedge funds and other institutional investors.
Procter & Gamble Co (NYSE:PG) traded down $0.17 on Wednesday, reaching $81.17. 2,432,841 shares of the company’s stock traded hands, compared to its average volume of 10,036,375. 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 fifty-two week low of $78.59 and a fifty-two week high of $94.67. The company has a market capitalization of $205,660.00, a P/E ratio of 21.94, a PEG ratio of 2.58 and a beta of 0.51.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results 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 net margin of 15.34% and a return on equity of 20.66%. The business had revenue of $17.40 billion for the quarter, compared to the consensus estimate of $17.39 billion. During the same period last year, the firm earned $1.08 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. research analysts expect that Procter & Gamble Co will post 4.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a dividend of $0.6896 per share. The ex-dividend date was Thursday, January 18th. This represents a $2.76 annualized dividend and a dividend yield of 3.40%. Procter & Gamble’s payout ratio is 74.59%.
PG has been the topic of a number of recent research reports. Morgan Stanley cut their price objective on shares of Procter & Gamble from $91.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 24th. Vetr cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price target on the stock. in a report on Tuesday, November 7th. Jefferies Group reiterated a “buy” rating and set a $88.23 price target (down previously from $99.00) on shares of Procter & Gamble in a report on Thursday, November 16th. Deutsche Bank assumed coverage on shares of Procter & Gamble in a report on Wednesday, December 13th. They set a “buy” rating and a $101.00 price target on the stock. Finally, Wells Fargo & Co reiterated a “hold” rating and set a $88.00 price target on shares of Procter & Gamble in a report on Sunday, December 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Procter & Gamble currently has an average rating of “Buy” and an average price target of $88.11.
In other Procter & Gamble news, insider Marc S. Pritchard sold 46,842 shares of Procter & Gamble stock in a transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction 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 have sold a total of 71,928 shares of company stock worth $6,312,311 over the last 90 days. Insiders own 0.35% of the company’s stock.
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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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