Boltwood Capital Management lowered its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,538 shares of the company’s stock after selling 515 shares during the period. Procter & Gamble makes up about 1.4% of Boltwood Capital Management’s holdings, making the stock its 19th largest position. Boltwood Capital Management’s holdings in Procter & Gamble were worth $3,597,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of PG. BlackRock Inc. grew its stake in Procter & Gamble by 1.2% in the 4th quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock worth $25,651,517,000 after buying an additional 1,785,863 shares in the last quarter. State Street Corp grew its stake in Procter & Gamble by 1.7% in the 4th quarter. State Street Corp now owns 105,458,164 shares of the company’s stock worth $17,250,846,000 after buying an additional 1,716,517 shares in the last quarter. Geode Capital Management LLC grew its stake in Procter & Gamble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 43,444,122 shares of the company’s stock worth $7,090,497,000 after buying an additional 972,826 shares in the last quarter. Norges Bank purchased a new position in Procter & Gamble in the 4th quarter worth approximately $3,726,603,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Procter & Gamble by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,710,055 shares of the company’s stock worth $2,569,850,000 after buying an additional 293,092 shares in the last quarter. 63.64% of the stock is owned by institutional investors.
A number of equity analysts have commented on PG shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. Barclays cut their price objective on shares of Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating for the company in a research note on Monday, May 23rd. The Goldman Sachs Group cut their price objective on shares of Procter & Gamble from $179.00 to $173.00 in a research note on Tuesday, March 29th. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th. Finally, Evercore ISI set a $170.00 price objective on shares of Procter & Gamble in a research note on Monday, June 20th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.64.
NYSE:PG opened at $146.11 on Monday. The company has a fifty day moving average of $147.31 and a 200 day moving average of $153.82. The Procter & Gamble Company has a 52 week low of $129.50 and a 52 week high of $165.35. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $350.56 billion, a P/E ratio of 25.50, a P/E/G ratio of 4.13 and a beta of 0.40.
Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.28 by $0.05. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The business had revenue of $19.38 billion during the quarter, compared to analyst estimates of $18.69 billion. During the same period in the previous year, the business earned $1.26 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were issued a $0.9133 dividend. The ex-dividend date was Thursday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 annualized dividend and a yield of 2.50%. Procter & Gamble’s dividend payout ratio is 63.70%.
In other news, Chairman David S. Taylor sold 30,000 shares of the company’s stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $162.83, for a total value of $4,884,900.00. Following the sale, the chairman now directly owns 253,933 shares of the company’s stock, valued at approximately $41,347,910.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew W. Janzaruk sold 334 shares of the company’s stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total transaction of $54,251.62. Following the completion of the sale, the chief accounting officer now directly owns 1,220 shares in the company, valued at $198,164.60. The disclosure for this sale can be found here. Insiders sold a total of 108,415 shares of company stock valued at $17,777,055 over the last 90 days. Company insiders own 0.51% of the company’s stock.
Procter & Gamble Profile: (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments. Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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