28,687 Shares in Procter & Gamble (PG) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Procter & Gamble (NYSE:PG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,687 shares of the company’s stock, valued at approximately $2,635,000.

A number of other institutional investors also recently modified their holdings of PG. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $103,000. Cerebellum GP LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $122,000. James Investment Research Inc. grew its position in shares of Procter & Gamble by 400.0% in the fourth quarter. James Investment Research Inc. now owns 1,500 shares of the company’s stock valued at $138,000 after purchasing an additional 1,200 shares during the last quarter. Lenox Wealth Advisors Inc. grew its position in shares of Procter & Gamble by 140.5% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,621 shares of the company’s stock valued at $149,000 after purchasing an additional 947 shares during the last quarter. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of Procter & Gamble in the third quarter valued at approximately $173,000. 63.02% of the stock is owned by institutional investors.

Several research firms have recently commented on PG. JPMorgan Chase increased their price target on shares of Procter & Gamble from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. SunTrust Banks reiterated a “hold” rating and issued a $90.00 price target on shares of Procter & Gamble in a research report on Tuesday, January 23rd. Morgan Stanley increased their price target on shares of Procter & Gamble from $90.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. Finally, Vetr upgraded shares of Procter & Gamble from a “buy” rating to a “strong-buy” rating and set a $96.92 price target on the stock in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.85.

In other Procter & Gamble news, Vice Chairman Jon R. Moeller sold 3,252 shares of Procter & Gamble stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total value of $255,574.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey K. Schomburger sold 37,776 shares of Procter & Gamble stock in a transaction 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 disclosure for this sale can be found here. In the last quarter, insiders sold 45,456 shares of company stock worth $3,663,460. 0.35% of the stock is owned by company insiders.

Shares of Procter & Gamble opened at $73.45 on Friday, according to Marketbeat Ratings. Procter & Gamble has a 1 year low of $70.73 and a 1 year high of $94.67. The company has a market cap of $186.45 billion, a P/E ratio of 18.74, a PEG ratio of 2.39 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) 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 firm had revenue of $16.28 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same quarter last year, the business earned $0.96 earnings per share. Procter & Gamble’s revenue was up 4.3% compared to the same quarter last year. sell-side analysts anticipate that Procter & Gamble will post 4.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Friday, April 20th were issued a $0.7172 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Thursday, April 19th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.69. Procter & Gamble’s dividend payout ratio (DPR) is 73.21%.

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

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