Procter & Gamble (PG) Holdings Trimmed by Seaward Management Limited Partnership

Seaward Management Limited Partnership lessened its holdings in Procter & Gamble (NYSE:PG) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 162,351 shares of the company’s stock after selling 3,014 shares during the quarter. Seaward Management Limited Partnership’s holdings in Procter & Gamble were worth $14,916,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truepoint Inc. raised its stake in shares of Procter & Gamble by 8,711.3% in the third quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock worth $26,890,000 after purchasing an additional 26,584,514 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Procter & Gamble by 74.2% in the second quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after purchasing an additional 5,278,359 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Procter & Gamble by 1,244.6% in the second quarter. Janus Henderson Group PLC now owns 4,500,564 shares of the company’s stock worth $392,226,000 after purchasing an additional 4,165,862 shares during the last quarter. Vanguard Group Inc. raised its position in Procter & Gamble by 2.3% during the second quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock valued at $15,750,688,000 after acquiring an additional 4,066,266 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Procter & Gamble by 60,483.0% during the third quarter. Stifel Financial Corp now owns 2,423,319 shares of the company’s stock valued at $220,392,000 after acquiring an additional 2,419,319 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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Several brokerages recently weighed in on PG. Jefferies Group reiterated a “buy” rating and set a $99.00 price target on shares of Procter & Gamble in a research report on Monday, December 18th. Deutsche Bank began coverage on Procter & Gamble in a research report on Tuesday, December 19th. They set a “buy” rating and a $91.88 price target for the company. Zacks Investment Research upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Monday, January 8th. Goldman Sachs upgraded Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target for the company in a research report on Tuesday, January 16th. Finally, JPMorgan Chase lifted their price target on Procter & Gamble from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Procter & Gamble currently has a consensus rating of “Hold” and an average target price of $85.52.

In other news, Vice Chairman Jon R. Moeller sold 3,252 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $78.59, for a total value of $255,574.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Pritchard sold 46,842 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total value of $4,169,406.42. The disclosure for this sale can be found here. Insiders sold 114,011 shares of company stock valued at $9,710,976 over the last 90 days. Company insiders own 0.35% of the company’s stock.

Procter & Gamble stock opened at $78.61 on Tuesday. The company has a market capitalization of $197,571.08, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.49 and a beta of 0.56. Procter & Gamble has a 12 month low of $75.81 and a 12 month high of $94.67. 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 (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.05. The business had revenue of $17.40 billion during the quarter, compared to analysts’ expectations of $17.39 billion. Procter & Gamble had a return on equity of 20.66% and a net margin of 15.34%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 earnings per share. equities analysts predict that Procter & Gamble will post 4.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th will be given a $0.7172 dividend. The ex-dividend date of this dividend is Thursday, April 19th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.65%. Procter & Gamble’s payout ratio is 70.41%.

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Procter & Gamble Company 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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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