Squar Milner Financial Services LLC bought a new position in shares of Procter & Gamble (NYSE:PG) in the 4th quarter, HoldingsChannel reports. The fund bought 2,997 shares of the company’s stock, valued at approximately $260,000.
Several other institutional investors and hedge funds have also made changes to their positions in PG. Asset Dedication LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at about $1,164,000. Moller Financial Services lifted its position in Procter & Gamble by 31.3% in the fourth quarter. Moller Financial Services now owns 11,887 shares of the company’s stock valued at $1,092,000 after purchasing an additional 2,837 shares during the period. Spectrum Management Group Inc. increased its holdings in Procter & Gamble by 221.4% in the third quarter. Spectrum Management Group Inc. now owns 32,757 shares of the company’s stock valued at $2,980,000 after buying an additional 22,565 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Procter & Gamble by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 9,149,634 shares of the company’s stock valued at $840,668,000 after buying an additional 269,402 shares in the last quarter. Finally, Sowell Financial Services LLC increased its holdings in Procter & Gamble by 6.5% in the third quarter. Sowell Financial Services LLC now owns 22,054 shares of the company’s stock valued at $1,916,000 after buying an additional 1,340 shares in the last quarter. Institutional investors and hedge funds own 63.02% of the company’s stock.
Shares of Procter & Gamble opened at $73.53 on Thursday, according to MarketBeat. 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 has a 1-year low of $72.98 and a 1-year high of $73.65. The company has a market cap of $184.74 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.37 and a beta of 0.58.
Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.02. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. The business had revenue of $16.28 billion during the quarter, compared to analysts’ expectations of $16.22 billion. During the same period last year, the company posted $0.96 EPS. The company’s revenue was up 4.3% on a year-over-year basis. sell-side analysts expect that Procter & Gamble will post 4.2 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th were paid a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.90%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Thursday, April 19th. Procter & Gamble’s dividend payout ratio (DPR) is 73.21%.
In other news, insider Jeffrey K. Schomburger sold 37,776 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were 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 the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of the firm’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 transaction of $184,922.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,456 shares of company stock valued at $3,663,460. Corporate insiders own 0.35% of the company’s stock.
A number of research analysts have issued reports on PG shares. SunTrust Banks reaffirmed a “hold” rating and issued a $90.00 target price on shares of Procter & Gamble in a report on Tuesday, January 23rd. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. JPMorgan Chase increased their target price on shares of Procter & Gamble from $90.00 to $98.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Morgan Stanley increased their target price on shares of Procter & Gamble from $90.00 to $92.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Finally, Vetr raised shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 target price for the company in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $82.85.
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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