Stordahl Capital Management Inc. Takes $445,000 Position in Procter & Gamble (PG)

Stordahl Capital Management Inc. bought a new position in shares of Procter & Gamble (NYSE:PG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,846 shares of the company’s stock, valued at approximately $445,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Procter & Gamble by 0.5% during the 4th quarter. BlackRock Inc. now owns 159,637,818 shares of the company’s stock valued at $14,667,526,000 after acquiring an additional 793,096 shares during the last quarter. Truepoint Inc. boosted its position in shares of Procter & Gamble by 8,711.3% during the 3rd quarter. Truepoint Inc. now owns 26,889,686 shares of the company’s stock valued at $26,890,000 after acquiring an additional 26,584,514 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Procter & Gamble by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 13,957,931 shares of the company’s stock valued at $1,269,884,000 after acquiring an additional 277,715 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Procter & Gamble by 9.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 12,850,490 shares of the company’s stock valued at $1,180,687,000 after acquiring an additional 1,064,665 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Procter & Gamble by 3.5% during the 4th quarter. American Century Companies Inc. now owns 11,806,896 shares of the company’s stock valued at $1,084,818,000 after acquiring an additional 401,855 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Shares of PG opened at $73.77 on Friday. The stock has a market capitalization of $187.01 billion, a P/E ratio of 17.96, a P/E/G ratio of 2.40 and a beta of 0.58. Procter & Gamble has a 12-month low of $70.73 and a 12-month high of $94.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.91.

Procter & Gamble (NYSE:PG) last issued its quarterly 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. The company had revenue of $16.28 billion for the quarter, compared to analyst estimates of $16.22 billion. Procter & Gamble had a net margin of 15.17% and a return on equity of 20.72%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. analysts expect that Procter & Gamble will post 4.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Friday, April 20th were paid a dividend of $0.7172 per share. 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. This represents a $2.87 dividend on an annualized basis and a yield of 3.89%. Procter & Gamble’s dividend payout ratio is 73.21%.

PG has been the topic of several recent research reports. Morgan Stanley boosted 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. Vetr raised 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. Berenberg Bank initiated coverage on shares of Procter & Gamble in a research report on Wednesday, February 28th. They set a “sell” rating and a $78.50 price target on the stock. Barclays set a $84.00 price target on shares of Procter & Gamble and gave the company a “hold” rating in a research report on Thursday, March 15th. Finally, Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, March 27th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and a consensus price target of $82.85.

In other Procter & Gamble news, insider Steven D. Bishop sold 2,075 shares of the business’s stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $71.87, for a total transaction of $149,130.25. Following the sale, the insider now directly owns 42,524 shares in the company, valued at $3,056,199.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey K. Schomburger sold 37,776 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was 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. Insiders have sold 45,456 shares of company stock worth $3,663,460 over the last quarter. 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.

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

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