Strs Ohio lowered its stake in Procter & Gamble Co (NYSE:PG) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,752,508 shares of the company’s stock after selling 50,946 shares during the period. Procter & Gamble accounts for about 0.6% of Strs Ohio’s holdings, making the stock its 27th largest holding. Strs Ohio owned 0.07% of Procter & Gamble worth $136,800,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of PG. Twin Tree Management LP purchased a new stake in Procter & Gamble during the 1st quarter valued at $144,000. Marshall & Sullivan Inc. WA purchased a new position in shares of Procter & Gamble in the 2nd quarter worth $149,000. Clearwater Capital Advisors LLC purchased a new position in shares of Procter & Gamble in the 1st quarter worth $154,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Procter & Gamble by 296.5% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,038 shares of the company’s stock worth $162,000 after buying an additional 1,524 shares during the last quarter. Finally, Financial Gravity Wealth Inc. purchased a new position in shares of Procter & Gamble in the 1st quarter worth $170,000. Institutional investors own 58.54% of the company’s stock.
Shares of Procter & Gamble stock opened at $92.41 on Friday. Procter & Gamble Co has a one year low of $70.73 and a one year high of $93.14. The firm has a market capitalization of $230.14 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.99 and a beta of 0.37. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.
Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 19th. The company reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. Procter & Gamble had a return on equity of 21.20% and a net margin of 15.10%. The company had revenue of $16.69 billion for the quarter, compared to analysts’ expectations of $16.45 billion. During the same period last year, the firm earned $1.09 EPS. Procter & Gamble’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts forecast that Procter & Gamble Co will post 4.41 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Friday, October 19th will be issued a $0.7172 dividend. The ex-dividend date is Thursday, October 18th. This represents a $2.87 dividend on an annualized basis and a yield of 3.10%. Procter & Gamble’s dividend payout ratio is currently 68.01%.
A number of equities analysts have recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and issued a $86.00 price target on shares of Procter & Gamble in a research note on Friday. TD Securities restated a “hold” rating on shares of Procter & Gamble in a research note on Thursday. Bank of America raised their price target on Procter & Gamble from $92.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday. ValuEngine upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Zacks Investment Research upgraded Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.38.
In related news, CEO David S. Taylor sold 63,113 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $91.68, for a total value of $5,786,199.84. Following the transaction, the chief executive officer now directly owns 226,393 shares of the company’s stock, valued at approximately $20,755,710.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Deborah P. Majoras sold 1,980 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $81.35, for a total value of $161,073.00. Following the sale, the insider now directly owns 50,074 shares in the company, valued at $4,073,519.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,302 shares of company stock worth $13,438,363. 1.84% of the stock is owned by insiders.
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Procter & Gamble Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
See Also: Return on Investment (ROI)
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