Johanson Financial Advisors Inc. boosted its stake in shares of Procter & Gamble Co (NYSE:PG) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,126 shares of the company’s stock after acquiring an additional 1,286 shares during the quarter. Procter & Gamble comprises about 1.2% of Johanson Financial Advisors Inc.’s investment portfolio, making the stock its 27th biggest position. Johanson Financial Advisors Inc.’s holdings in Procter & Gamble were worth $1,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Beach Investment Management LLC. bought a new position in Procter & Gamble in the second quarter worth approximately $6,942,000. Pitcairn Co. grew its stake in Procter & Gamble by 3.8% in the second quarter. Pitcairn Co. now owns 20,676 shares of the company’s stock worth $1,802,000 after purchasing an additional 755 shares in the last quarter. Westchester Capital Management Inc. grew its stake in Procter & Gamble by 0.8% in the second quarter. Westchester Capital Management Inc. now owns 87,035 shares of the company’s stock worth $7,585,000 after purchasing an additional 665 shares in the last quarter. Convergence Investment Partners LLC grew its stake in Procter & Gamble by 7.8% in the second quarter. Convergence Investment Partners LLC now owns 26,252 shares of the company’s stock worth $2,288,000 after purchasing an additional 1,899 shares in the last quarter. Finally, Signature Financial Management Inc. grew its stake in Procter & Gamble by 14.5% in the second quarter. Signature Financial Management Inc. now owns 13,406 shares of the company’s stock worth $1,169,000 after purchasing an additional 1,695 shares in the last quarter. 60.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PG traded down $0.37 during midday trading on Friday, hitting $78.43. 8,300,813 shares of the company’s stock traded hands, compared to its average volume of 9,745,332. Procter & Gamble Co has a 1 year low of $75.81 and a 1 year high of $94.67. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41. The firm has a market cap of $197,722.34, a PE ratio of 20.01, a P/E/G ratio of 2.46 and a beta of 0.57.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating 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 firm had revenue of $17.40 billion during the quarter, compared to analyst estimates of $17.39 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts forecast that Procter & Gamble Co will post 4.18 EPS for the current year.
In other news, insider Marc S. Pritchard sold 46,842 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $89.01, for a total transaction of $4,169,406.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 114,011 shares of company stock valued at $9,710,976. Company insiders own 0.35% of the company’s stock.
Several research analysts recently issued reports on the company. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective on the stock in a research note on Tuesday, January 16th. Barclays set a $84.00 price objective on Procter & Gamble and gave the stock a “hold” rating in a research note on Thursday, March 15th. Vetr raised Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price objective on the stock in a research note on Thursday, February 1st. Finally, SunTrust Banks restated a “hold” rating and set a $90.00 target price on shares of Procter & Gamble in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $86.07.
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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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