Vantage Financial Partners LLC bought a new stake in The Procter & Gamble Company (NYSE: PG – Get Rating) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,274 shares of the company stock, valued at approximately $ 372,000.
A number of other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Procter & Gamble by 1.2% in the fourth quarter. BlackRock Inc. now owns 156,813,285 shares of the company stock valued at $ 25,651,517,000 after buying an additional 1,785,863 shares in the last quarter. State Street Corp raised its stake in Procter & Gamble by 1.7% in the fourth quarter. State Street Corp now owns 105,458,164 shares of the company stock valued at $ 17,250,846,000 after buying an additional 1,716,517 shares in the last quarter. Geode Capital Management LLC raised its stake in Procter & Gamble by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 43,444,122 shares of the company stock valued at $ 7,090,497,000 after buying an additional 972,826 shares in the last quarter. Morgan Stanley raised its stake in Procter & Gamble by 5.0% in the second quarter. Morgan Stanley now owns 34,500,719 shares of the company stock valued at $ 4,655,181,000 after buying an additional 1,632,893 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Procter & Gamble by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,710,055 shares of the company stock valued at $ 2,569,850,000 after buying an additional 293,092 shares in the last quarter. Hedge funds and other institutional investors own 63.64% of the company stock.
PG has been the topic of a number of analyst reports. Barclays cut their price target on Procter & Gamble from $ 176.00 to $ 157.00 and set an “overweight” rating on the stock in a research note on Monday, May 23rd. Raymond James lifted their target price on Procter & Gamble from $ 175.00 to $ 180.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. The Goldman Sachs Group cut their target price on Procter & Gamble from $ 179.00 to $ 173.00 in a research report on Tuesday, March 29th. Jefferies Financial Group lifted their target price on Procter & Gamble from $ 179.00 to $ 185.00 in a research report on Thursday, April 21st. Finally, StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Buy” and an average target price of $ 164.27.
Shares of PG stock opened at $ 132.36 on Friday. The stock has a market capitalization of $ 317.57 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 3.75 and a beta of 0.40. The Procter & Gamble Company has a 52-week low of $ 129.50 and a 52-week high of $ 165.35. The stock’s 50-day moving average price is $ 151.09 and its 200 day moving average price is $ 154.70. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.53.
Procter & Gamble (NYSE: PG – Get Rating) last issued 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. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The firm had revenue of $ 19.38 billion for the quarter, compared to analysts’ expectations of $ 18.69 billion. During the same quarter in the previous year, the firm posted $ 1.26 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post 5.85 earnings per share for the current fiscal year.
The company also recently declared 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. This is a positive change from Procter & Gamble’s previous quarterly dividend of $ 0.87. The ex-dividend date of this dividend was Thursday, April 21st. This represents a $ 3.65 annualized dividend and a dividend yield of 2.76%. Procter & Gamble’s payout ratio is 63.70%.
In other Procter & Gamble news, Chairman David S. Taylor sold 60,000 shares of the business’s stock in a transaction on Thursday, April 21st. The stock was 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 in the company, valued at approximately $ 41,777,057.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 18,000 shares of the business’s stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $ 164.10, for a total value of $ 2,953,800.00. Following the completion of the transaction, the chief executive officer now owns 7,020 shares of the company stock, valued at $ 1,151,982. The disclosure for this sale can be found here. Insiders have sold a total of 108,415 shares of company stock worth $ 17,777,055 in the last three months. Corporate insiders own 0.51% of the company stock.
About Procter & Gamble: (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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