Tufton Capital Management cut its holdings in Procter & Gamble Co (NYSE:PG) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,166 shares of the company’s stock after selling 1,211 shares during the quarter. Procter & Gamble accounts for approximately 1.9% of Tufton Capital Management’s holdings, making the stock its 14th largest position. Tufton Capital Management’s holdings in Procter & Gamble were worth $10,030,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Harding Loevner LP purchased a new stake in Procter & Gamble during the 2nd quarter valued at $119,000. Cerebellum GP LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at $122,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Procter & Gamble during the 3rd quarter valued at $125,000. Blume Capital Management Inc. raised its stake in 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 buying an additional 300 shares during the last quarter. Finally, James Investment Research Inc. raised its stake in Procter & Gamble by 400.0% during the 4th quarter. James Investment Research Inc. now owns 1,500 shares of the company’s stock valued at $138,000 after buying an additional 1,200 shares during the last quarter. 60.98% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs upgraded shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 target price for the company in a research note on Tuesday, January 16th. 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. Vetr upgraded shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price for the company in a research note on Thursday, February 1st. Finally, SunTrust Banks reiterated a “hold” rating and set a $90.00 target price on shares of Procter & Gamble in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $86.07.
NYSE:PG opened at $78.43 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $199,285.36, a PE ratio of 20.01, a P/E/G ratio of 2.48 and a beta of 0.57. Procter & Gamble Co has a one year low of $75.81 and a one year high of $94.67.
Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping the 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%. Procter & Gamble’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. sell-side analysts expect that Procter & Gamble Co will post 4.18 EPS for the current fiscal year.
In related news, insider Marylynn Fergusonmchugh sold 2,353 shares of the company’s 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 Securities & Exchange Commission, which is available at this link. Also, insider Deborah P. Majoras sold 4,591 shares of the company’s stock in a transaction on Friday, January 26th. The stock was 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. Insiders sold a total of 114,011 shares of company stock valued at $9,710,976 in the last ninety days. 0.35% of the stock is currently owned by insiders.
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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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