Private Advisor Group LLC boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 222,737 shares of the company’s stock after acquiring an additional 9,729 shares during the quarter. Private Advisor Group LLC’s holdings in Procter & Gamble were worth $20,510,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of PG. Vanguard Group Inc. raised its position in Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after purchasing an additional 4,066,266 shares in the last quarter. BlackRock Inc. raised its position in Procter & Gamble by 1.4% during the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock valued at $13,626,862,000 after purchasing an additional 2,164,426 shares in the last quarter. Trian Fund Management L.P. raised its position in Procter & Gamble by 2.4% during the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock valued at $3,277,887,000 after purchasing an additional 893,157 shares in the last quarter. Legal & General Group Plc raised its position in Procter & Gamble by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock valued at $1,269,884,000 after purchasing an additional 277,715 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Procter & Gamble by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock valued at $1,088,573,000 after purchasing an additional 934,179 shares in the last quarter. Institutional investors own 59.78% of the company’s stock.
In related news, insider Juan Fernando Posada sold 9,005 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $82.09, for a total transaction of $739,220.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 46,842 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was 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. Over the last 90 days, insiders have sold 71,928 shares of company stock worth $6,312,311. 0.35% of the stock is owned by company insiders.
Procter & Gamble Co (PG) opened at $81.05 on Friday. The company has a market capitalization of $204,330.00, a price-to-earnings ratio of 21.91, a PEG ratio of 2.50 and a beta of 0.51. 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 Co has a 1 year low of $78.59 and a 1 year high of $94.67.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The firm had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. research analysts anticipate that Procter & Gamble Co will post 4.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were paid a dividend of $0.6896 per share. The ex-dividend date was Thursday, January 18th. This represents a $2.76 annualized dividend and a yield of 3.40%. Procter & Gamble’s dividend payout ratio (DPR) is 74.59%.
A number of brokerages have weighed in on PG. Jefferies Group reaffirmed a “buy” rating and set a $99.00 target price on shares of Procter & Gamble in a research report on Monday, December 18th. SunTrust Banks reaffirmed a “hold” rating and set a $90.00 target price on shares of Procter & Gamble in a research report on Tuesday, January 23rd. Vetr raised Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price for the company in a research report on Thursday, February 1st. Stifel Nicolaus lifted their target price on Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and set a $88.00 target price on shares of Procter & Gamble in a research report on Sunday, December 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $88.11.
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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.
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