Iberiabank Corp reduced its holdings in Procter & Gamble (NYSE:PG) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,849 shares of the company’s stock after selling 1,692 shares during the quarter. Procter & Gamble makes up 1.3% of Iberiabank Corp’s portfolio, making the stock its 21st biggest holding. Iberiabank Corp’s holdings in Procter & Gamble were worth $8,519,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Harding Loevner LP acquired a new stake in Procter & Gamble during the second quarter worth about $119,000. Cerebellum GP LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $122,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Procter & Gamble during the third quarter worth about $125,000. Blume Capital Management Inc. increased its stake in Procter & Gamble by 25.4% during the second 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, James Investment Research Inc. increased its stake in Procter & Gamble by 400.0% during the fourth quarter. James Investment Research Inc. now owns 1,500 shares of the company’s stock worth $138,000 after acquiring an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.
Several equities research analysts have commented on the company. Stifel Nicolaus restated a “hold” rating and set a $85.00 price target on shares of Procter & Gamble in a research note on Wednesday. Zacks Investment Research lowered Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Morgan Stanley dropped their price target on Procter & Gamble from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, April 5th. Bank of America dropped their price target on Procter & Gamble from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 12th. Finally, Barclays set a $84.00 target price on Procter & Gamble and gave the stock a “hold” rating in a research report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Procter & Gamble currently has an average rating of “Hold” and a consensus target price of $85.35.
In related news, insider Deborah P. Majoras sold 4,591 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $87.48, for a total value of $401,620.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc S. Pritchard sold 46,842 shares of the stock in a transaction dated 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 in the last three months. 0.35% of the stock is currently owned by company insiders.
Shares of NYSE PG opened at $78.20 on Thursday. Procter & Gamble has a 1-year low of $75.81 and a 1-year high of $94.67. 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 stock has a market capitalization of $198,176.13, a PE ratio of 19.95, a P/E/G ratio of 2.50 and a beta of 0.57.
Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, January 23rd. The company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $17.40 billion during the quarter, compared to the consensus estimate of $17.39 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. research analysts anticipate that Procter & Gamble will post 4.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be issued a $0.7172 dividend. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $2.87 dividend on an annualized basis and a yield of 3.67%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.69. Procter & Gamble’s dividend payout ratio is currently 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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