Cetera Advisors LLC decreased its position in shares of Procter & Gamble (NYSE:PG) by 7.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 82,601 shares of the company’s stock after selling 6,357 shares during the quarter. Cetera Advisors LLC’s holdings in Procter & Gamble were worth $7,595,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truepoint Inc. boosted its position in Procter & Gamble by 8,711.3% during the third quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after purchasing an additional 26,584,514 shares in the last quarter. Legal & General Group Plc boosted its position in Procter & Gamble by 2.0% during the third quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock valued at $1,269,884,000 after purchasing an additional 277,715 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Procter & Gamble by 9.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 12,850,490 shares of the company’s stock valued at $1,180,687,000 after purchasing an additional 1,064,665 shares in the last quarter. American Century Companies Inc. boosted its holdings in Procter & Gamble by 3.5% in the fourth quarter. American Century Companies Inc. now owns 11,806,896 shares of the company’s stock worth $1,084,818,000 after acquiring an additional 401,855 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Procter & Gamble by 0.9% in the third quarter. Swiss National Bank now owns 10,346,488 shares of the company’s stock worth $941,323,000 after acquiring an additional 93,600 shares in the last quarter. 62.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Procter & Gamble opened at $73.37 on Monday, MarketBeat.com reports. Procter & Gamble has a 52-week low of $70.73 and a 52-week high of $94.67. The stock has a market capitalization of $182.45 billion, a PE ratio of 18.72, a PEG ratio of 2.34 and a beta of 0.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.91 and a quick ratio of 0.74.
Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. Procter & Gamble had a return on equity of 20.72% and a net margin of 15.17%. The firm had revenue of $16.28 billion during the quarter, compared to analysts’ expectations of $16.22 billion. During the same period last year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. equities analysts predict that Procter & Gamble will post 4.2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th will be paid a $0.7172 dividend. This represents a $2.87 annualized dividend and a dividend yield of 3.91%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.69. The ex-dividend date is Thursday, April 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.21%.
Several equities research analysts have weighed in on PG shares. Goldman Sachs raised Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price target for the company in a report on Tuesday, January 16th. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Tuesday, January 16th. SunTrust Banks reissued a “hold” rating and issued a $90.00 price target on shares of Procter & Gamble in a report on Tuesday, January 23rd. Stifel Nicolaus raised their price target on Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Finally, JPMorgan Chase raised their price target on Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $82.85.
In related news, insider Jeffrey K. Schomburger sold 37,776 shares of Procter & Gamble stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $81.37, for a total transaction of $3,073,833.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jon R. Moeller sold 3,252 shares of Procter & Gamble stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $255,574.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,461 shares of company stock valued at $4,402,681. Company insiders own 0.35% of the company’s stock.
About Procter & Gamble
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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