ETF Store Inc. purchased a new stake in shares of The Procter & Gamble Company (NYSE: PG – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,329 shares of the company stock, valued at approximately $ 208,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. North Star Asset Management Inc. lifted its stake in shares of Procter & Gamble by 1.4% during the 4th quarter. North Star Asset Management Inc. now owns 18,819 shares of the company stock worth $ 3,078,000 after acquiring an additional 258 shares during the last quarter. Liberty One Investment Management LLC boosted its position in Procter & Gamble by 2.9% in the fourth quarter. Liberty One Investment Management LLC now owns 132,985 shares of the company stock valued at $ 21,754,000 after buying an additional 3,754 shares during the last quarter. Adviser Investments LLC grew its holdings in Procter & Gamble by 3.1% during the fourth quarter. Adviser Investments LLC now owns 60,154 shares of the company stock worth $ 9,840,000 after acquiring an additional 1,793 shares during the period. Kestra Private Wealth Services LLC boosted its position in Procter & Gamble by 8.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 83,081 shares of the company stock worth $ 13,590,000 after purchasing an additional 6,550 shares in the last quarter. Finally, Bar Harbor Trust Services grew its position in shares of Procter & Gamble by 6.9% in the fourth quarter. Bar Harbor Trust Services now owns 15,659 shares of the company stock valued at $ 2,562,000 after purchasing an additional 1,006 shares during the period. Institutional investors own 63.64% of the company stock.
Shares of PG opened at $ 133.84 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. The firm has a 50-day moving average of $ 152.64 and a 200-day moving average of $ 155.05. The company has a market cap of $ 321.12 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 4.01 and a beta of 0.40. The Procter & Gamble Company has a one year low of $ 131.94 and a one year high of $ 165.35.
Procter & Gamble (NYSE: PG – Get Rating) last announced its quarterly earnings results on Wednesday, April 20th. The company reported $ 1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.28 by $ 0.05. The business had revenue of $ 19.38 billion during the quarter, compared to the estimate consensus of $ 18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The company quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $ 1.26 EPS. Analysts expect that The Procter & Gamble Company will post 5.85 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were paid a dividend of $ 0.9133 per share. The ex-dividend date was Thursday, April 21st. This represents a $ 3.65 dividend on an annualized basis and a dividend yield of 2.73%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $ 0.87. Procter & Gamble’s dividend payout ratio (DPR) is 63.70%.
In other news, CAO Matthew W. Janzaruk sold 334 shares of the company stock in a transaction on 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 approximately $ 198,164.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman David S. Taylor sold 60,000 shares of the business’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $ 164.52, for a total value of $ 9,871,200.00. Following the completion of the transaction, the chairman now directly owns 253,933 shares of the company stock, valued at approximately $ 41,777,057.16. 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. 0.51% of the stock is currently owned by corporate insiders.
PG has been the topic of several research reports. Raymond James increased their target price on Procter & Gamble from $ 175.00 to $ 180.00 and gave the stock an “outperform” rating in a research note on Thursday, April 21st. JPMorgan Chase & Co. cut Procter & Gamble from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $ 181.00 to $ 165.00 in a report on Wednesday, March 30th. Credit Suisse Group lifted their price objective on Procter & Gamble from $ 140.00 to $ 150.00 and gave the stock a “neutral” rating in a research report on Thursday, April 21st. Deutsche Bank Aktiengesellschaft cut their target price on Procter & Gamble from $ 177.00 to $ 171.00 in a research report on Wednesday, June 1st. Finally, Jefferies Financial Group raised their price target on shares of Procter & Gamble from $ 179.00 to $ 185.00 in a report on Thursday, April 21st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $ 164.27.
Procter & Gamble Company 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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