Financial Partners Capital Management LLC cut its stake in shares of Procter & Gamble Co (NYSE:PG) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 130,913 shares of the company’s stock after selling 2,375 shares during the quarter. Procter & Gamble comprises approximately 4.0% of Financial Partners Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Financial Partners Capital Management LLC’s holdings in Procter & Gamble were worth $12,033,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SeaBridge Investment Advisors LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth about $36,000. Cranbrook Wealth Management LLC increased its position in Procter & Gamble by 55.3% in the 4th quarter. Cranbrook Wealth Management LLC now owns 427 shares of the company’s stock valued at $39,000 after buying an additional 152 shares in the last quarter. Smart Portfolios LLC increased its position in Procter & Gamble by 48.0% in the 4th quarter. Smart Portfolios LLC now owns 450 shares of the company’s stock valued at $41,000 after buying an additional 146 shares in the last quarter. Clarfeld Financial Advisors LLC bought a new stake in Procter & Gamble in the 4th quarter valued at about $57,000. Finally, Intercontinental Wealth Advisors LLC bought a new stake in Procter & Gamble in the 4th quarter valued at about $62,000. 62.19% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently commented on PG. Credit Suisse Group set a $100.00 target price on Procter & Gamble and gave the company a “hold” rating in a research report on Friday, May 10th. Deutsche Bank boosted their target price on Procter & Gamble from $100.00 to $106.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. DZ Bank reaffirmed a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, April 24th. Barclays raised Procter & Gamble from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $94.00 to $112.00 in a research report on Wednesday, April 24th. Finally, UBS Group boosted their target price on Procter & Gamble to $102.00 and gave the company a “neutral” rating in a research report 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. The company has a consensus rating of “Hold” and an average target price of $101.42.
PG stock opened at $111.20 on Friday. The stock has a market cap of $278.20 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 3.57 and a beta of 0.41. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.79 and a quick ratio of 0.60. Procter & Gamble Co has a 52-week low of $75.39 and a 52-week high of $111.75.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The business 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 quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. On average, analysts forecast that Procter & Gamble Co will post 4.48 EPS for the current year.
In other Procter & Gamble news, insider Carolyn M. Tastad sold 25,645 shares of Procter & Gamble stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $106.08, for a total transaction of $2,720,421.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David S. Taylor sold 20,000 shares of Procter & Gamble stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $106.83, for a total value of $2,136,600.00. Following the transaction, the chairman now owns 246,837 shares of the company’s stock, valued at approximately $26,369,596.71. The disclosure for this sale can be found here. Insiders have sold a total of 320,840 shares of company stock valued at $33,904,086 in the last quarter. Company insiders own 1.84% of the company’s stock.
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Procter & Gamble Company 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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