Montecito Bank & Trust increased its position in shares of Procter & Gamble Co (NYSE:PG) by 16.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,535 shares of the company’s stock after buying an additional 3,263 shares during the quarter. Montecito Bank & Trust’s holdings in Procter & Gamble were worth $2,939,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in PG. Lucia Wealth Services LLC acquired a new position in Procter & Gamble during the third quarter worth $29,000. Belmont Capital LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth about $34,000. Selective Wealth Management Inc. purchased a new stake in Procter & Gamble in the 3rd quarter worth approximately $35,000. Princeton Global Asset Management LLC raised its holdings in Procter & Gamble by 51.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 442 shares of the company’s stock valued at $48,000 after acquiring an additional 150 shares during the last quarter. Finally, Ironwood Financial llc lifted its stake in shares of Procter & Gamble by 27.3% during the 3rd quarter. Ironwood Financial llc now owns 480 shares of the company’s stock worth $60,000 after purchasing an additional 103 shares during the period. 62.83% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the company. Morgan Stanley boosted their price target on Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. TheStreet raised Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. Goldman Sachs Group restated a “buy” rating and set a $136.00 price objective on shares of Procter & Gamble in a research report on Wednesday, October 23rd. UBS Group boosted their price objective on Procter & Gamble from $122.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, ValuEngine lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $120.38.
In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 1,729 shares of Procter & Gamble stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $122.00, for a total transaction of $210,938.00. Following the sale, the chief executive officer now owns 6,856 shares in the company, valued at $836,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nelson Peltz sold 936,280 shares of Procter & Gamble stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $123.87, for a total transaction of $115,977,003.60. Following the sale, the director now owns 3,844 shares in the company, valued at approximately $476,156.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,247,348 shares of company stock valued at $154,656,137. Insiders own 1.75% of the company’s stock.
NYSE:PG opened at $126.09 on Wednesday. The firm’s 50-day moving average is $124.72 and its 200-day moving average is $120.88. Procter & Gamble Co has a 52-week low of $89.08 and a 52-week high of $127.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.72. The company has a market cap of $315.24 billion, a price-to-earnings ratio of 84.06, a PEG ratio of 3.42 and a beta of 0.40.
Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.13. Procter & Gamble had a net margin of 6.24% and a return on equity of 25.07%. The business had revenue of $17.80 billion during the quarter, compared to analysts’ expectations of $17.43 billion. During the same quarter last year, the company earned $1.12 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. Equities analysts predict that Procter & Gamble Co will post 4.94 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of $0.7459 per share. The ex-dividend date is Thursday, January 23rd. This represents a $2.98 annualized dividend and a yield of 2.37%. Procter & Gamble’s dividend payout ratio is 65.93%.
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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