Lynch & Associates IN raised its holdings in Procter & Gamble Co (NYSE:PG) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,309 shares of the company’s stock after acquiring an additional 1,652 shares during the period. Procter & Gamble makes up 3.3% of Lynch & Associates IN’s investment portfolio, making the stock its 7th largest position. Lynch & Associates IN’s holdings in Procter & Gamble were worth $8,757,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Asset Planning Services Ltd. increased its position in shares of Procter & Gamble by 0.4% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock valued at $104,000 after purchasing an additional 5 shares during the last quarter. Harding Loevner LP bought a new position in shares of Procter & Gamble during the 2nd quarter valued at about $119,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Procter & Gamble during the 3rd quarter valued at about $125,000. Blume Capital Management Inc. increased its position in shares of Procter & Gamble by 25.4% during the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock valued at $129,000 after purchasing an additional 300 shares during the last quarter. Finally, Litman Gregory Asset Management LLC bought a new position in shares of Procter & Gamble during the 3rd quarter valued at about $173,000. 60.11% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on PG. Jefferies Group reiterated a “buy” rating and set a $99.00 price objective on shares of Procter & Gamble in a research report on Monday, December 18th. SunTrust Banks reiterated a “hold” rating and set a $90.00 price objective on shares of Procter & Gamble in a research report on Tuesday, January 23rd. Wells Fargo & Co reiterated a “hold” rating and set a $88.00 price objective on shares of Procter & Gamble in a research report on Sunday, December 17th. Berenberg Bank began coverage on Procter & Gamble in a research report on Wednesday, February 28th. They set a “sell” rating and a $78.50 price objective on the stock. Finally, Stifel Nicolaus increased their price objective on Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $87.57.
In other news, insider Marylynn Fergusonmchugh sold 2,353 shares of Procter & Gamble stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $184,922.27. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Marc S. Pritchard sold 46,842 shares of Procter & Gamble stock in a transaction that occurred 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 114,011 shares of company stock worth $9,710,976. 0.35% of the stock is owned by corporate insiders.
Procter & Gamble Co (PG) opened at $80.29 on Friday. 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 Co has a 1 year low of $77.90 and a 1 year high of $94.67. The stock has a market capitalization of $202,410.00, a P/E ratio of 20.43, a P/E/G ratio of 2.49 and a beta of 0.58.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.05. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The business had revenue of $17.40 billion for the quarter, compared to analyst estimates of $17.39 billion. During the same period last year, the company earned $1.08 EPS. Procter & Gamble’s revenue for the quarter was up 3.2% compared to the same quarter last year. analysts predict that Procter & Gamble Co will post 4.21 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors 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 yield of 3.44%. Procter & Gamble’s payout ratio is 70.23%.
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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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