Salem Capital Management Inc. trimmed its position in Procter & Gamble Co (NYSE:PG) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,276 shares of the company’s stock after selling 2,425 shares during the quarter. Procter & Gamble makes up approximately 2.5% of Salem Capital Management Inc.’s holdings, making the stock its 14th largest position. Salem Capital Management Inc.’s holdings in Procter & Gamble were worth $4,987,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of PG. Truepoint Inc. grew its stake in Procter & Gamble by 8,711.3% during the 3rd quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock worth $26,890,000 after buying an additional 26,584,514 shares during the last quarter. Capital Research Global Investors grew its stake in Procter & Gamble by 74.2% during the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after buying an additional 5,278,359 shares during the last quarter. Janus Henderson Group PLC grew its stake in Procter & Gamble by 1,244.6% during the 2nd quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock worth $392,226,000 after buying an additional 4,165,862 shares during the last quarter. Vanguard Group Inc. grew its stake in Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after buying an additional 4,066,266 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in Procter & Gamble by 60,483.0% during the 3rd quarter. Stifel Financial Corp now owns 2,423,319 shares of the company’s stock worth $220,392,000 after buying an additional 2,419,319 shares during the last quarter. Institutional investors and hedge funds own 61.05% of the company’s stock.
Procter & Gamble Co (NYSE PG) opened at $78.97 on Friday. Procter & Gamble Co has a 52 week low of $77.90 and a 52 week high of $94.67. The stock has a market capitalization of $198,327.38, a price-to-earnings ratio of 21.11, a PEG ratio of 2.45 and a beta of 0.58. 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 (NYSE:PG) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts expect that Procter & Gamble Co will post 4.21 EPS for the current year.
A number of brokerages recently commented on PG. Berenberg Bank began coverage on Procter & Gamble in a research note on Wednesday, February 28th. They set a “sell” rating and a $78.50 price objective for the company. Vetr upgraded Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective for the company in a research note on Thursday, February 1st. Stifel Nicolaus upped their price objective on Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. SunTrust Banks restated a “hold” rating and set a $90.00 price objective on shares of Procter & Gamble in a research note on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $87.18.
In other news, insider Marylynn Fergusonmchugh sold 2,353 shares of the company’s stock in a transaction 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Deborah P. Majoras sold 4,591 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $87.48, for a total value of $401,620.68. The disclosure for this sale can be found here. In the last three months, insiders sold 114,011 shares of company stock valued at $9,710,976. Company insiders own 0.35% of the company’s stock.
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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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