Oppenheimer Asset Management Inc. raised its holdings in shares of Procter & Gamble Co (NYSE:PG) by 10.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,349 shares of the company’s stock after buying an additional 4,101 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Procter & Gamble were worth $3,524,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC boosted its holdings in shares of Procter & Gamble by 209.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 1,349 shares of the company’s stock valued at $105,000 after purchasing an additional 913 shares during the period. Polaris Greystone Financial Group LLC raised its stake in Procter & Gamble by 224.9% in the third quarter. Polaris Greystone Financial Group LLC now owns 1,722 shares of the company’s stock worth $143,000 after buying an additional 1,192 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new position in Procter & Gamble in the second quarter worth approximately $149,000. Credit Agricole S A raised its stake in Procter & Gamble by 70.4% in the second quarter. Credit Agricole S A now owns 2,575 shares of the company’s stock worth $202,000 after buying an additional 1,064 shares in the last quarter. Finally, Laurel Grove Capital LLC bought a new position in Procter & Gamble in the third quarter worth approximately $202,000. Institutional investors and hedge funds own 58.70% of the company’s stock.
In other Procter & Gamble news, CEO David S. Taylor sold 16,338 shares of the company’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $94.62, for a total value of $1,545,901.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Carolyn M. Tastad sold 19,791 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $92.71, for a total transaction of $1,834,823.61. Following the completion of the sale, the insider now directly owns 60,575 shares in the company, valued at $5,615,908.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 502,927 shares of company stock worth $46,437,282. 1.84% of the stock is owned by insiders.
NYSE PG opened at $91.42 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.80. Procter & Gamble Co has a 1 year low of $70.73 and a 1 year high of $96.89. The firm has a market capitalization of $228.50 billion, a P/E ratio of 21.66, a PEG ratio of 2.95 and a beta of 0.38.
Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 19th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.45 billion. During the same period in the prior year, the firm earned $1.09 EPS. The firm’s revenue was up .2% on a year-over-year basis. On average, analysts expect that Procter & Gamble Co will post 4.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, January 18th will be given a $0.7172 dividend. This represents a $2.87 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Thursday, January 17th. Procter & Gamble’s payout ratio is 68.01%.
A number of equities analysts recently commented on PG shares. Bank of America boosted their price objective on shares of Procter & Gamble from $82.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, October 4th. Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. UBS Group set a $82.00 price objective on shares of Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday, October 17th. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and set a $100.00 price objective for the company in a research note on Friday, October 19th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $87.00 price objective on shares of Procter & Gamble in a research note on Monday, October 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $93.11.
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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.
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