San Francisco Sentry Investment Group CA grew its holdings in shares of Procter & Gamble Co (NYSE:PG) by 17.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 22,954 shares of the company’s stock after acquiring an additional 3,484 shares during the period. Procter & Gamble comprises 0.7% of San Francisco Sentry Investment Group CA’s holdings, making the stock its 27th largest holding. San Francisco Sentry Investment Group CA’s holdings in Procter & Gamble were worth $2,088,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Tredje AP fonden raised its stake in Procter & Gamble by 4.8% during the third quarter. Tredje AP fonden now owns 277,906 shares of the company’s stock worth $25,284,000 after buying an additional 12,854 shares during the last quarter. Empirical Financial Services LLC raised its stake in Procter & Gamble by 14.0% during the third quarter. Empirical Financial Services LLC now owns 10,090 shares of the company’s stock worth $918,000 after buying an additional 1,242 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Procter & Gamble by 19.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 501,998 shares of the company’s stock valued at $45,672,000 after purchasing an additional 80,376 shares in the last quarter. Bruderman Asset Management LLC increased its stake in Procter & Gamble by 2.6% in the third quarter. Bruderman Asset Management LLC now owns 25,809 shares of the company’s stock valued at $2,348,000 after purchasing an additional 645 shares in the last quarter. Finally, Catamount Wealth Management increased its stake in Procter & Gamble by 32.2% in the third quarter. Catamount Wealth Management now owns 3,983 shares of the company’s stock valued at $362,000 after purchasing an additional 970 shares in the last quarter. 59.78% of the stock is owned by hedge funds and other institutional investors.
PG has been the subject of several research analyst reports. Vetr downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and set a $90.38 price target for the company. in a research note on Tuesday, November 7th. Jefferies Group reaffirmed a “buy” rating and issued a $88.23 price target (down from $99.00) on shares of Procter & Gamble in a research note on Thursday, November 16th. Deutsche Bank initiated coverage on shares of Procter & Gamble in a research note on Wednesday, December 13th. They issued a “buy” rating and a $101.00 price target for the company. Wells Fargo & Co reaffirmed a “hold” rating and issued a $88.00 price target on shares of Procter & Gamble in a research note on Sunday, December 17th. Finally, Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Procter & Gamble has a consensus rating of “Buy” and an average price target of $88.11.
In other news, insider Marc S. Pritchard sold 46,842 shares of Procter & Gamble stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total transaction of $4,169,406.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider R. Alexandra Keith sold 1,298 shares of Procter & Gamble stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. Following 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. Insiders have sold 71,928 shares of company stock valued at $6,312,311 over the last quarter. Corporate insiders own 0.35% of the company’s stock.
Procter & Gamble Co (PG) opened at $80.84 on Friday. The stock has a market cap of $203,800.00, a PE ratio of 21.85, a PEG ratio of 2.54 and a beta of 0.51. Procter & Gamble Co has a twelve month low of $78.59 and a twelve month high of $94.67. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. The firm had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $1.08 earnings per share. sell-side analysts anticipate that Procter & Gamble Co will post 4.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were issued a dividend of $0.6896 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio 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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