Hartland & Co. LLC cut its position in shares of Procter & Gamble (NYSE:PG) by 16.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 55,311 shares of the company’s stock after selling 10,586 shares during the period. Procter & Gamble comprises 0.7% of Hartland & Co. LLC’s portfolio, making the stock its 28th biggest holding. Hartland & Co. LLC’s holdings in Procter & Gamble were worth $5,082,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of PG. Truepoint Inc. grew its stake in Procter & Gamble by 8,711.3% in 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. Stifel Financial Corp grew its stake in Procter & Gamble by 60,483.0% in the third quarter. Stifel Financial Corp now owns 2,423,319 shares of the company’s stock valued at $220,392,000 after purchasing an additional 2,419,319 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Procter & Gamble by 15.6% in the third quarter. Ameriprise Financial Inc. now owns 8,693,500 shares of the company’s stock valued at $790,927,000 after purchasing an additional 1,171,369 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Procter & Gamble by 9.0% in 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. Finally, TCW Group Inc. grew its stake in Procter & Gamble by 139.0% in the third quarter. TCW Group Inc. now owns 1,415,373 shares of the company’s stock valued at $128,771,000 after purchasing an additional 823,070 shares in the last quarter. Institutional investors and hedge funds own 63.02% of the company’s stock.
A number of research analysts have weighed in on the company. SunTrust Banks restated a “hold” rating and issued a $75.00 price target on shares of Procter & Gamble in a research note on Friday, April 20th. Jefferies Group reiterated a “buy” rating and set a $90.00 target price on shares of Procter & Gamble in a research note on Thursday, April 19th. Stifel Nicolaus reduced their target price on Procter & Gamble from $85.00 to $83.00 and set a “hold” rating for the company in a research note on Wednesday, April 18th. Barclays reiterated a “hold” rating and set a $80.00 target price on shares of Procter & Gamble in a research note on Sunday, April 22nd. Finally, ValuEngine downgraded Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has assigned 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.
Shares of NYSE PG opened at $73.45 on Monday. The company has a market cap of $185.17 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 0.42. Procter & Gamble has a 12 month low of $70.73 and a 12 month high of $94.67.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The business had revenue of $16.28 billion during the quarter, compared to analysts’ expectations of $16.22 billion. Procter & Gamble had a return on equity of 20.72% and a net margin of 15.17%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. research analysts expect that Procter & Gamble will post 4.2 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Friday, April 20th were issued a dividend of $0.7172 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.69. This represents a $2.87 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, April 19th. Procter & Gamble’s dividend payout ratio (DPR) is presently 73.21%.
In related news, insider Marylynn Fergusonmchugh sold 2,353 shares of Procter & Gamble 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven D. Bishop sold 2,075 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $71.87, for a total value of $149,130.25. Following the sale, the insider now directly owns 42,524 shares of the company’s stock, valued at $3,056,199.88. 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. 0.35% of the stock is currently owned by insiders.
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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