Headinvest LLC reduced its stake in Procter & Gamble (NYSE:PG) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,950 shares of the company’s stock after selling 2,480 shares during the period. Procter & Gamble makes up approximately 4.0% of Headinvest LLC’s investment portfolio, making the stock its 3rd biggest position. Headinvest LLC’s holdings in Procter & Gamble were worth $12,859,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of PG. Compass Capital Management Inc. lifted its stake in Procter & Gamble by 6.2% during the fourth quarter. Compass Capital Management Inc. now owns 265,093 shares of the company’s stock worth $24,357,000 after purchasing an additional 15,504 shares during the last quarter. Fulcrum Capital LLC bought a new stake in Procter & Gamble during the fourth quarter worth $3,048,000. Welch Investments LLC lifted its stake in Procter & Gamble by 4.3% during the fourth quarter. Welch Investments LLC now owns 51,516 shares of the company’s stock worth $4,733,000 after purchasing an additional 2,121 shares during the last quarter. Ledyard National Bank lifted its stake in Procter & Gamble by 0.7% during the fourth quarter. Ledyard National Bank now owns 109,160 shares of the company’s stock worth $10,029,000 after purchasing an additional 784 shares during the last quarter. Finally, Lee Financial Group Hawaii Inc. bought a new stake in Procter & Gamble during the fourth quarter worth $1,307,000. Institutional investors and hedge funds own 60.97% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Goldman Sachs upgraded 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 Procter & Gamble and gave the stock a “hold” rating in a research note on Thursday, March 15th. Vetr upgraded 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 restated a “hold” rating and set a $90.00 target price on shares of Procter & Gamble in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Procter & Gamble has a consensus rating of “Hold” and a consensus target price of $85.52.
In related 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 value of $4,169,406.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Deborah P. Majoras sold 4,591 shares of the 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. Insiders have sold 114,011 shares of company stock valued at $9,710,976 over the last quarter. Company insiders own 0.35% of the company’s stock.
Shares of NYSE:PG opened at $78.37 on Friday. The firm has a market cap of $197,318.97, a PE ratio of 19.99, a P/E/G ratio of 2.46 and a beta of 0.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.79. Procter & Gamble has a 52-week low of $75.81 and a 52-week 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, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $17.40 billion during 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%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 earnings per share. sell-side analysts anticipate that Procter & Gamble will post 4.18 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th will be issued a dividend of $0.7172 per share. The ex-dividend date of this dividend is Thursday, April 19th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 annualized dividend and a dividend yield of 3.66%. Procter & Gamble’s dividend payout ratio is 70.41%.
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Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.
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