HighPoint Advisor Group LLC boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 13.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 84,220 shares of the company’s stock after acquiring an additional 10,295 shares during the quarter. Procter & Gamble accounts for approximately 2.2% of HighPoint Advisor Group LLC’s holdings, making the stock its 8th biggest holding. HighPoint Advisor Group LLC’s holdings in Procter & Gamble were worth $8,421,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of PG. HC Financial Advisors Inc. increased its holdings in shares of Procter & Gamble by 17.1% during the 3rd quarter. HC Financial Advisors Inc. now owns 16,306 shares of the company’s stock worth $1,357,000 after acquiring an additional 2,385 shares during the last quarter. McKinley Carter Wealth Services Inc. acquired a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $1,882,000. Johanson Financial Advisors Inc. increased its holdings in shares of Procter & Gamble by 9.9% during the 3rd quarter. Johanson Financial Advisors Inc. now owns 18,836 shares of the company’s stock worth $1,566,000 after acquiring an additional 1,694 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $236,000. Finally, Flippin Bruce & Porter Inc. increased its holdings in shares of Procter & Gamble by 6.5% during the 3rd quarter. Flippin Bruce & Porter Inc. now owns 128,262 shares of the company’s stock worth $10,675,000 after acquiring an additional 7,851 shares during the last quarter. 62.19% of the stock is currently owned by institutional investors.
PG has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Procter & Gamble to $102.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Credit Suisse Group began coverage on Procter & Gamble in a research note on Wednesday, March 6th. They issued a “neutral” rating and a $100.00 price target for the company. Barclays upgraded Procter & Gamble from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $94.00 to $112.00 in a research note on Wednesday, April 24th. Wells Fargo & Co upgraded Procter & Gamble from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $78.00 to $115.00 in a research note on Monday, April 8th. Finally, Deutsche Bank boosted their price target on Procter & Gamble from $100.00 to $106.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Procter & Gamble presently has an average rating of “Hold” and a consensus price target of $101.42.
PG opened at $111.20 on Friday. The firm has a market capitalization of $278.20 billion, a P/E ratio of 26.35, a PEG ratio of 3.57 and a beta of 0.41. The company has a quick ratio of 0.60, a current ratio of 0.79 and a debt-to-equity ratio of 0.39. Procter & Gamble Co has a 1 year low of $75.39 and a 1 year high of $111.75.
Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The firm had revenue of $16.46 billion during the quarter, compared to the consensus estimate of $16.37 billion. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. On average, research analysts expect that Procter & Gamble Co will post 4.48 EPS for the current fiscal year.
In other news, Chairman David S. Taylor sold 20,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $106.83, for a total transaction of $2,136,600.00. Following the completion of the sale, the chairman now directly owns 246,837 shares in the company, valued at approximately $26,369,596.71. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Trian Fund Management, L.P. sold 71,500 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $104.62, for a total value of $7,480,330.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 320,840 shares of company stock valued at $33,904,086. Corporate insiders own 1.84% of the company’s stock.
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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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