Starfire Investment Advisers Inc. increased its stake in Procter & Gamble Co (NYSE:PG) by 91.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,887 shares of the company’s stock after purchasing an additional 3,295 shares during the quarter. Starfire Investment Advisers Inc.’s holdings in Procter & Gamble were worth $633,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Asset Planning Services Ltd. boosted its stake 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 worth $104,000 after acquiring an additional 5 shares during the last quarter. Harding Loevner LP purchased a new position in shares of Procter & Gamble during the 2nd quarter worth $119,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Procter & Gamble during the 3rd quarter worth $125,000. Blume Capital Management Inc. boosted its stake 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 worth $129,000 after acquiring an additional 300 shares during the last quarter. Finally, Litman Gregory Asset Management LLC purchased a new position in shares of Procter & Gamble during the 3rd quarter worth $173,000. Institutional investors own 60.98% of the company’s stock.
In other Procter & Gamble news, insider Marylynn Fergusonmchugh sold 2,353 shares of Procter & Gamble stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $184,922.27. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Deborah P. Majoras sold 4,591 shares of Procter & Gamble stock in a transaction on Friday, January 26th. The shares were sold at an average price of $87.48, for a total transaction of $401,620.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 114,011 shares of company stock worth $9,710,976. 0.35% of the stock is currently owned by insiders.
NYSE PG traded down $0.37 on Friday, reaching $78.43. The company had a trading volume of 8,300,813 shares, compared to its average volume of 9,745,332. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94. The company has a market cap of $198,655.11, a P/E ratio of 20.01, a P/E/G ratio of 2.48 and a beta of 0.57. Procter & Gamble Co has a 12 month low of $75.81 and a 12 month high of $94.67.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings results 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 company had revenue of $17.40 billion for the quarter, compared to the consensus estimate of $17.39 billion. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. Procter & Gamble’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 firm posted $1.08 EPS. analysts forecast that Procter & Gamble Co will post 4.18 EPS for the current fiscal year.
Several brokerages have recently weighed in on PG. Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley dropped their price target on shares of Procter & Gamble from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday. Barclays set a $84.00 target price on shares of Procter & Gamble and gave the company a “hold” rating in a research note on Thursday, March 15th. Jefferies Group restated a “buy” rating and set a $99.00 target price on shares of Procter & Gamble in a research note on Monday, December 18th. Finally, Wells Fargo restated a “hold” rating and set a $88.00 target price on shares of Procter & Gamble in a research note on Sunday, December 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $86.07.
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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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